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I am interested in the outcome from your enquiry to council and body corporate. All it take is your plan and what you want to do and present to them. The OP is interested in the valuation increase it may have rather than the rent increase with the extra room. I live in a block of 8...

From a plan perspective, everyone would agree you could achieve a higher rent and value if the study was a 3rd bedroom. The reason why it wasn't done this way when it was first built, I speculate because it was due to car space. Now you indicated it has a garage and 1 car space, I think most...

Some considerations: Body corporate would not approve, and unlikely council. The reason why it is a study is probably of car space, maybe 2 car space required for 3 bedroom?? Bank valuer may pick this up in their full valuation, as they would have access to old floor plans. Risk needs to take...