1. What is Cost Per m²?

Cost Per m² is a metric used to compare the relative value of properties or construction projects by standardizing costs to a per-square-meter basis. It's particularly useful in the UK property market for comparing different sized properties or projects.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Total Cost — The complete cost in GBP
• Area — The total area in square meters (m²)

Explanation: This calculation allows you to compare costs across different sized properties or projects on an equal basis.

3. Importance of Cost Per m² Calculation

Details: Calculating cost per m² is essential for property valuation, construction budgeting, and comparing property prices. It helps identify whether a property is priced fairly relative to similar properties in the area.

4. Using the Calculator

Tips: Enter the total cost in GBP and the area in square meters. Both values must be positive numbers. The calculator will automatically compute the cost per square meter.

5. Frequently Asked Questions (FAQ)

Q1: What is a good cost per m² in the UK?
A: This varies by region and property type. In London, average costs are typically higher than in other parts of the UK. Always compare with local market data.

Q2: Does this include VAT?
A: Make sure all costs are either inclusive or exclusive of VAT for accurate comparisons. The calculator works with whatever total cost you input.

Q3: Should I use internal or external measurements?
A: In the UK, property prices are typically quoted based on internal floor area (measured to the internal face of external walls).

Q4: How accurate should my measurements be?
A: For property valuation, professional measurements are best. For rough estimates, measurements to the nearest 0.1m² are usually sufficient.

Q5: Can I use this for renovation projects?
A: Yes, this calculator works for any scenario where you need to compare total costs relative to area, including renovations and new builds.