RENOVATION · UPDATED 2026-04-01
Property Renovation Cost London 2026 · Investment Property Guide
£10,000 – £80,000 per property
Investor and landlord property renovations in London range from a £10,000 cosmetic refresh to a full £80,000+ HMO conversion. LPG specialises in buy-to-let preparation and multi-unit projects.
Property Renovation price breakdown — London 2026
| Job | Price range | Unit |
|---|---|---|
| Buy-to-let light refresh | £8,000 – £20,000 | per flat |
| Full buy-to-let refurb | £20,000 – £50,000 | per flat |
| HMO conversion (3–4 bed) | £25,000 – £60,000 | full project |
| HMO conversion (5+ bed) | £40,000 – £100,000 | full project |
What affects the price
- Rental yield target. Higher-yield HMO conversions require more work (fire safety, additional bathrooms) but deliver superior returns.
- Current condition. Properties requiring structural, damp, or significant electrical/plumbing work cost more to renovate.
- HMO licence requirements. HMOs require fire doors, emergency lighting, and sometimes additional kitchens/bathrooms.
Frequently asked questions
How much should I budget to renovate a London investment property?
Budget £15,000–£30,000 for a solid buy-to-let refurb on a 2-bed flat. HMO conversions require significantly more but deliver higher returns.
Does LPG manage HMO licence applications?
LPG focuses on the physical building work to meet HMO standards. We can advise on what's needed for your local authority's licence requirements.
Related cost guides
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