Building costs for a block of flats
Discussion
I’ll help. Last apartment scheme I appraised was back in 2018 and was a 200 unit apartment scheme over 6 blocks and worked out at £185ps.ft for build cost excluding technical costs (utilities, ground investigations etc). On top of this there are planning/design costs and many other costs but how long is a piece of string as said above.
Edited
Edited by Freshprince on Thursday 9th December 19:01
Edited
Edited by Freshprince on Thursday 9th December 19:02
Edited by Freshprince on Thursday 9th December 19:04
2 sMoKiN bArReLs said:
Freshprince said:
a 200 unit apartment scheme over 6 blocks and worked out at £185 for build cost excluding technical
That's really good value. 
Freshprince said:
I’ll help. Last apartment scheme I appraised was back in 2018 and was a 200 unit apartment scheme over 6 blocks and worked out at £185 for build cost excluding technical
Costs (utilities, ground investigations etc). On top of this there is any planning/design costs and many other but how ling is a piece of string as said above.
I wonder what he meant to say. Surely not £185m or £185,000. £18.5m maybe, less than £100k per unit. Costs (utilities, ground investigations etc). On top of this there is any planning/design costs and many other but how ling is a piece of string as said above.
Also, if you are serious and not done comparable schemes to guide you on costs, then get a high-level feasilbilty cost plan done through likes of www.bhangals.co.uk.
Freshprince said:
I’ll help. Last apartment scheme I appraised was back in 2018 and was a 200 unit apartment scheme over 6 blocks and worked out at £185ps.ft for build cost excluding technical costs (utilities, ground investigations etc). On top of this there are planning/design costs and many other costs but how long is a piece of string as said above.
Not to mention that build costs have shifted by about 30% since 2018, due to Covid, Brexit and consequent materials and labour shortages and increases in energy costs... 
Seriously, we're all just guessing without a much more thorough analysis of the design, site constraints, etc.
Give a QS a set of the drawings and a couple of £thousand and you might get an answer that isn't completely pin-the-tail-on- the-donkey.
mahmoodhassan said:
Would anyone know roughly how much it would cost to build a flat development from scratch in the postcode IG5 0EG.
Say, for example, a three storey building, consisting of 9 apartments, mainly two bedroom?
I am not expecting an accurate figure, but an approximation would be really helpful.
Feel free to pm me if this is your area of expertise
I have no idea but I’m keen to guess. £240k * 9 apartments * 80% to allow for 20 profit margin Say, for example, a three storey building, consisting of 9 apartments, mainly two bedroom?
I am not expecting an accurate figure, but an approximation would be really helpful.
Feel free to pm me if this is your area of expertise
£1.72 million. +/- 25%. Depending on parking spaces.
Based solely on the price of the first apartment prices I saw on rightmove and a google of builders margins
vindaloo79 said:
mahmoodhassan said:
Would anyone know roughly how much it would cost to build a flat development from scratch in the postcode IG5 0EG.
Say, for example, a three storey building, consisting of 9 apartments, mainly two bedroom?
I am not expecting an accurate figure, but an approximation would be really helpful.
Feel free to pm me if this is your area of expertise
I have no idea but I’m keen to guess. £240k * 9 apartments * 80% to allow for 20 profit margin Say, for example, a three storey building, consisting of 9 apartments, mainly two bedroom?
I am not expecting an accurate figure, but an approximation would be really helpful.
Feel free to pm me if this is your area of expertise
£1.72 million. +/- 25%. Depending on parking spaces.
Based solely on the price of the first apartment prices I saw on rightmove and a google of builders margins
I’m late to this discussion, and the data is a little out of date in a year of massive change, but my go-to reference for questions like this is Riders Digest;
https://www.rlb.com/europe/insight/riders-digest-u...
loafer123 said:
I’m late to this discussion, and the data is a little out of date in a year of massive change, but my go-to reference for questions like this is Riders Digest;
https://www.rlb.com/europe/insight/riders-digest-u...
Spons is better, being much more comprehensive - 820 pages versus the 85 pages of Rider's - and is the 'industry standard' used by most QS's, but:https://www.rlb.com/europe/insight/riders-digest-u...
a) Any sort of composite figure of overall cost per m2 will be necessarily vague, because it can't take into account the specifics of the design and site and;
b) Actual contract prices are all over the shop at the moment, with individual contractors applying their own weighting according to individual guesswork on which way the market and materials prices are heading.
In my experience lots of time, effort and money will go into planning and initial costings.
The final product is never quite as envisioned at the start and the final cost never truly understood by any one person.
The precise methodology is called Bistromaths.
Half of the people will think the project went well, will consider it ‘a nice little earner’ and alliances will form to work together again.
The other half will think it was a shambles, be convinced they were under paid / ripped off and be bitter about it every time they drive past.
The final product is never quite as envisioned at the start and the final cost never truly understood by any one person.
The precise methodology is called Bistromaths.
Half of the people will think the project went well, will consider it ‘a nice little earner’ and alliances will form to work together again.
The other half will think it was a shambles, be convinced they were under paid / ripped off and be bitter about it every time they drive past.
Edited by The spinner of plates on Sunday 12th December 10:38
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