No Gas

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    No Gas

    I've found a property in London a leasehold that I'm considering to buy. I have one issue, the property has no gas supply so everything runs on electricity.
    I've been quoted by the national grid £1'000 to run a pipe from the street to the building which is a first floor maisonette, none of the 4 flats in total in this semi detached style building with two flats either side having a gas connection.I would have to get the gas supply plumbed in separately so I can install central heating and a gas cooker.

    Could I have some opinions on whether this option would be financially beneficial regarding power bills etc.

    At the moment the flat is heated with electric radiators as well as a boiler system to heat the water.

    What sort of costs would generally be involved to change everything?

    Are properties harder to sell without a gas supply?

    Cheers.

    #2
    If it's to let out Trevor, I would leave it as it is.

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      #3
      Hi JKO,

      I want to live in it

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        #4
        Get gas installed. You will recuperate the 1000 cost quite quickly.

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          #5
          Hi bbva,

          The £1'000 is just the cost of running a pipe to the building, I spoke to somebody from a gas plumbing company and they have quoted me £4'000-£4'5000 to put in central heating with new heater system and gas supply to cooker.

          So will be over £5'000 I guess in total.

          Comment


            #6
            Maybe your new neighbours would like gas too and you could share the cost of the supply main?

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              #7
              Don't forget you need the freeholders consent to dig up the drive.
              You also need to run the gas pipes up through the building, just
              like all other flats that have gas.
              You don't see gas and electric pipes / cables on the outside of
              those buildings.
              Add another £ 2000 to the equation.

              Comment


                #8
                The old rule-of-thumb was people's mortgages lasted 7 years (ie they moved after 7 years..)..

                If you get back the £7k in 7 years fine (doubt it..) - otherwise leave asis..

                You'll have shed-loads of redecoration also ripping out the old stuff, putting in the new..
                I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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                  #9
                  Thanks every-one for your replies, the property just got sold, another one gone


                  Cheers.

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