Do Victorian fireplaces add value?

A period fireplace is a popular and attractive feature that can add more value to your property. If you have an original fireplace, repair it – even if you don’t use it! A cast iron radiator has the same appeal, and is more commonly found in Victorian-era properties.

How much value does an extension add?

Research conducted by Nationwide on the value of improvements to an average three bedroom house found that an extension can add up to 23% to the value of your property.

How do you add value to a Victorian house?

11 ways to add value to a Victorian terrace

Make exterior repairs and alterations.
Carry out essential repairs. (Image credit: Colin Leftley)
Go open plan.
Relocate the bathroom.
Restore, don’t replace, Victorian features.
Add value to your home by reducing clutter.
Opt for a neutral scheme.
Add a side return extension.

Will removing my fireplace decrease home value?

But losing a fireplace can affect a home’s appeal and possibly even its resale value, real estate pros say. A fireplace can particularly be viewed as a valuable amenity in colder climates, and removing one could even reduce the number of buyers drawn to a property, some agents say.

Is a fireplace a selling point?

The opinion of the National Association of Real Estate Appraisers is: “A homeowner can often recover over 100% of the expenses associated with adding a fireplace upon selling their home. Adding a fireplace can increase the resale value of the home by as much as 6 – 12%”. Good news, indeed!

Did Victorian terraces have bathrooms?

In fact, Victorian architecture did not make provision for bathrooms and most Victorian terraced houses in cities such as London didn’t even boast a bathroom. Those first bathrooms were decorated just like any other Victorian room, with bold colours, practical furniture, wood panels and clinically styled tiles.

Why do Victorian houses have side return?

Side returns are often applied to Victorian terraced properties as a lot of them possess alleyways in their configuration. By filling in this side alleyway, L shaped properties are squared off, creating that all important additional space.

What are the assets of the Victorian Government?

Victorian public sector agencies manage more than $170 billion in land, buildings, infrastructure, and other non-current assets and they account for the value of these assets through annual financial reports. Accurate and timely asset valuations are essential to the quality, accuracy and reliability of these financial reports.

How can I add value to my Victorian house?

If you are considering structural changes, reworking the existing floor plan in favour of creating an open plan layout in an old house will increase both the value of the property and how the space works to suit your needs. Historically, Victorian terraced houses were utilitarian in nature.

Who is the Valuer General of the state of Victoria?

Valuer-General Victoria (VGV) has been a branch of the former Department of Sustainability and Environment but has now transferred to the Department of Transport, Planning and Local Government under recent machinery of government changes. VGV provides independent valuations to public sector agencies.

How often does The VGV do asset valuations?

VGV’s role is to manage all government valuations. This involves around 4 500 valuation requests each year, with a request relating either to a single asset or to multiple assets needing to be valued.