I've had 2 quotes so far for my 16 sq. metres single storey extension (in the South East, not London) and both are £65k plus VAT (i.e. £78k). This is just the structure to a plaster finish with plumbing but no electrics. I budgeted £35-45k inc VAT.
Please tell me these builders just don't fancy the job and that this isn't the going rate for a little single storey extension to a modest terraced house. 