What is a basement conversion?

A basement conversion turns an existing cellar into living space, or excavates a new basement under the house or garden. Waterproofing, structural support and daylight are the main design challenges.
How much does a basement conversion cost in Peckham?
In Peckham, a basement conversion typically costs £2,450–£4,150 per m² for converting an existing cellar, including VAT at 20% (standard rate). For a typical 30 m² project that is roughly £73,500–£124,500. Building costs in London run about 30% above the UK average, and the figures for Peckham are adjusted to reflect that. Design, structural calculations and council fees are extra.
| Size or type | Guide range |
|---|---|
| Smaller project (21 m²) | £51,500–£87,000 |
| Typical project (30 m²) | £73,500–£124,500 |
| Larger project (42 m²) | £103,000–£174,500 |
| Rate per m² | £2,450–£4,150 |
The main things that change the cost:
- Lightwells
- Party wall surveyor fees
- Floor lowering and underpinning
- Ground water and access
Your exact price depends on the survey and drawings. The guide price tool gives a quick range in the meantime.
Do you need planning permission for a basement conversion in Peckham?
Before anything is built in Peckham, we confirm which approvals apply in England. In England converting an existing cellar with no external change usually does not need planning permission. New excavation, lightwells and changes to the front often do, and some councils, particularly in London, have specific basement policies.
Where work involves a shared wall, building on the boundary, or digging foundations within 3 metres of a neighbour’s building and deeper than its foundations (or within 6 metres for deeper work), the Party Wall etc. Act 1996 applies and notices must be served before work starts.
If the answer is not clear-cut, we can apply for formal confirmation before you commit to the build.
What we handle
What we take care of:
- Electrics, heating and plastering
- Party wall notices
- Lightwells and windows
- Insulation, ventilation and drainage pumps
- Waterproofing design (tanking or cavity drain membrane)
- Building control sign-off
How long does it take?
Expect 8 to 16 weeks for a cellar conversion; longer for new excavation. Before that, surveys, drawings and approvals usually take 3 to 5 months, longer if the council asks for changes.
Building in Peckham
Space is at a premium in London, so homeowners often build out into the side return or up into the roof rather than move.
We work across Peckham and neighbouring areas such as Lewisham, Bermondsey and Brixton. Postcodes we cover in Peckham include SE15.
How it works
- 01
Survey and brief
We visit, discuss your ideas and budget, and survey the property or site at no cost.
- 02
Drawings and written quote
We prepare the design and give you a written, itemised quote with inclusions and exclusions.
- 03
Permissions sorted
Applications, building control and neighbour arrangements, all before the start date.
- 04
Build and sign-off
We run the build to a written programme and hand over the completion certificate.
Questions about basement conversions in Peckham
Is new excavation worth it?
It can be in high-value areas, but costs are high. We give a feasibility view before design starts.
Do I need party wall agreements?
In England and Wales, excavating near a neighbour’s foundations usually triggers the Party Wall etc. Act 1996.
How much does a basement conversion cost in Peckham?
In Peckham, a basement conversion typically costs £2,450–£4,150 per m² for converting an existing cellar, including VAT at 20% (standard rate). A typical 30 m² project comes to roughly £73,500–£124,500. Your fixed price depends on the survey and drawings.
Who approves a basement conversion in Peckham?
Planning matters in Peckham go to the council covering your address, and the work needs building control approval. We prepare and submit the applications for you.
How long does it take?
A cellar conversion takes around 8 to 16 weeks; new basements take longer.
