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CYOA
Architects always claim the budget is modest... when have you ever heard of one say "oh yeah, it was a shit ton of money so we just went fucking nuts"?
Lad down the road got his extension and loft done 5 years ago and its simple spec and not massive, cost him 120K. A large % of the architects I approached wouldn't touch sub 250k budgets, yeah defo think its north of 300k, maybe not 500K, I remember seeing some 300-400k refurbs and they were this kind of level, maybe not quite so high spec, the joinery and the way the materials meet is insane.