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Mega Basements

Mega basements and Cavendish Basements  – Your number one London Basement Company

Mega basements, also known as iceberg basements, are a trending topic right now in both the media and amongst London Basement Companies. This trend was started by Foxton’s billionaire founder Jon Hunt who won a 10-year battle to get his basement approved in 2008. Jon Hunt is infamously trying to develop a mega basement to his property that will result in the size being approximately 51,129 square feet.

This is not your average basement conversions or developments with some of them being larger than the average UK home size. Sometimes referred to as subterranean mansions, mega basements are the next trend for the ultra wealthy.

These basements can vary in sizes, number of features and aesthetic directions with some basements being extreme, whilst others are more comfortable and conventional. The more extraordinary ones are commonly designed with swimming pool rooms, climbing walls, cinemas, bowling alleys and more. To put into perspective, the extent of luxury we are addressing here, Lakshmi Mittal, CEO of ArcelorMittal spent £128 million for his Kensington mansion. Another example is a former Canadian TV mogul, David Graham, who planned to triple his property size with a basement extension. This would include 15 bedrooms, 7 bathrooms as well as saunas, swimming pools, hot tubs, massage rooms and more.

Kensington Palace Gardens is one area that is often dubbed ‘billionaires row’ due to the high net worth home occupants. With these individuals wanting to build upon their properties with little space to work with laterally, they are forced to construct downwards.

This truly exemplifies how large these basement developments have the potential to be and puts in perspective how feasible a smaller project than this can be. Often times homeowners are hesitant to explore the idea of developing a basement for their London home due to the idea being unrealistic. These examples of mega basements should set in perspective the options you have to expand and Cavendish Basements can assist with this.

With projects like this, extravagant basement development could add millions of pounds of value to an already pricy property and provide real money return to the investor. “Robin Chatwin, head of Savills South West London, says that a basement digout in a London family home priced between £1.5m and £2m could add 10-15 per cent onto its value. The cost of building them also varies, depending on how far down you dig and the purpose of the extra space.” (CityAm, 2016). It is important to have a trust worthy London Basement Company to handle a project like this to see your resources are effectively handled.

How not to annoy your neighbours

Building these mega basements has come with a great deal of controversy from surrounding neighbours. The idea of these gigantic basements are not popular for obvious reasons, such as noise and inconvenience. So here are a few tips to minimise disruption to your neighbours to approach your mega London basement in a positive light. First you can hold a Q & A session with them to get most of their answers from either you or the construction company. You could also provide them with a quiet hours request to try and provide the neighbours with some peaceful hours in case they have a need for it. An example of this is they can only start construction after 9AM.

Mega basements are an exciting prospect to a London Basement Company like Cavendish Basements as we appreciate any project that pushes the imagination.

If you are based in London particularly Kensington, Chelsea, Clapham, Battersea, Wimbledon, Tooting and Balham we can find something that will provide you with an amazing property enhancement whether it is a conventional basement conversion or a ‘mega one’. We hope that the idea of so many basement options in your hands will excite you as well and inspires you to take action.

 

Click here to contact us now and we will help create your dream basement.

 

Thomas Schutte.

 

Sources:

http://www.cityam.com/252308/economics-iceberg-homes-mega-basements-just-sunk-cost

 

https://www.theguardian.com/artanddesign/2012/nov/09/billionaires-basements-london-houses-architecture

http://www.dailymail.co.uk/news/article-4939090/Foxtons-founder-wins-10-year-mega-basement-battle.html

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