It’s Permitted Development until 30 May 2016. But you’ll have to go through the neighbour consultation scheme so you’ll have to go through a sort of planning permission ‘lite’ process. See:
http://www.planningportal.gov.uk/uploads/neighbour_consultation_scheme_guidance_may13.pdf
There’s no fee.
I would recommend talking it through with neighbours first rather than wait for them to get a letter from the Council out of the blue. If they object, it just means the Council has to consider the merits of the case (like any planning application), if they don’t within the 21 days, you have consent as Permitted Development.
As for selling, this process means its logged on the planning register at the Council and there is a paper trail for any conveyancing solicitor in the future.
I’m a planning consultant for my sins so PM me if you need anything.