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> Doesn't London still have scandals about people renting out illegally small cupboards Oh yes. > Why aren't all the house owners building those extensions,
by KaiserPro 11mo ago
> Doesn't London still have scandals about people renting out illegally small cupboards
Oh yes.
> Why aren't all the house owners building those extensions, splitting the place into flats, renting them out at a thousand a month, and moving their own accommodation to Essex?
Thats a good question, but I suspect its probably down to its not that profitable, and it requires a boat load of cash.
https://www.zoopla.co.uk/for-sale/details/71387241/ https://www.zoopla.co.uk/for-sale/details/71387241/ is 900k, thats been extended (pre planning changes)
You could _possibly_ rent it out for 5K a month, but you'd need to buy a similar sized house in commuting distance, which is 400-600k.
London is stupidly expensive.