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For a loft to qualify as a bedroom it has to meet building regs, the stuff you want doing probably won't be enough for that (can't say for sure without knowing the space). A proper loft conversion is anywhere from 40k to 100k depending on spec so a lot of people do more simple conversions which give space but can't be labelled as a room.
Whether or not they can get away with selling for the price of an actual 3 bed just depends on the location tbh
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What @Gewürzt said. It was probably done on the cheap for additional space but there is unlikely a quick fix to make it a 'proper' bedroom that meets regs (otherwise the current owners would have done it). There are all sorts of rules like insulation, stair specification, ceiling height, landing size at top of stairs etc that need to be met. Could be that starting from scratch would even be cheaper.
I would personally value it as slightly higher more attractive than a 2 bed, but not comparable to a genuine 3 bed. If you want a real 3 bed you will have to do a legit conversion that will cost £££ -
I wouldn’t price it in as a third bedroom - you don’t know exactly what building regs might require to have it signed off. Could cost £500 could cost £5000+. They didn’t bother to foot the cost to do a proper job so why should you have to foot it in the price?
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He’s basically saying the third bedroom (in the loft) isn’t actually a bedroom. The price is very much “three bedrooms” though.
I wouldn't expect this. Depends exactly why it isn't classed as a third bedroom but there have obviously been some corners cut. Depending how shonky the "conversion" is the cost of rectifying could end up being as much as getting a proper loft conversion done and on top of that you may not have the option of leaving as is.
I'd definitely be finding out exactly why it isn't a bedroom and what, if any, sign off they had on the quality of the work.
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Gewürzt
cjr
Tenderloin
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@wools
Evening, folks. Apologies in advance if this has been asked before…
Is there a forum-approved site for getting ballpark building quotes? Like a Shiply but for building work?
For context… Quick debrief with the building surveyor after his inspection of our prospective purchase. He’s basically saying the third bedroom (in the loft) isn’t actually a bedroom. The price is very much “three bedrooms” though. Don’t want anything fancy. Larger velux window/skylight in roof, door to the room and some electrics. Where would you go for a rough quote? And would you renegotiate the offer based on what comes back? We love the house but we also want that third bedroom to be a third bedroom!