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Renting Garage Annexe

MaxiMoneySaverTom · 2024-10-08 21:44:56

I have the crazy idea of converting my integral garage into a studio and renting this out to generate income. But is it worth the faff? We’d want to separate the entry from the house, (possibly by dividing our small hall with two lockable doors internally (our house & the flat). I understand we wouldn’t be eligible for the…

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gwynlas Posts: 2,257 Forumite

9 October 2024 at 10:29AM

There are a number of ways to go about this and in terms of outlay it could offer a good return on investment.
You would require building control involvement but essentially adding a ground floor en suite bedroom would increase value of property if minimal work needed to regain simple access from home.
Short term/ holiday rentals offer the best return if there is demand in your area but be prepared to pay for cleaning and management fees if you are not able to do so yourself. You could specify minimum number of night stay.
Renting the room to a lodger would qualify under rent a room scheme but they would require access to facilities such as kitchen and laundry room

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Renting Garage Annexe

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