Many thanks to you all, all very interesting! I think it's something I'm going to investigate further as whatever we do I think we will have to go deep due to a deep clay layer. I'd just love the space a basement would give us - games room, home business, granny flat, etc, etc.
As far as the water ingress issues - yes, from what I've read so far this has to be carefully considered. We would have to assume that here the water table is high and so tanking wouldn't be the best option, possibly using ICF with waterproof concrete would be the way to go. Then how that would be anchored down I don't know.
angelboy - yes I'd love the link to the basement build please, many thanks.
If I was to retro fit a basement to my place it would have to be bigger to then match what would be the extended footprint, when the ground floor has been extended, if that makes sense. I would hope that therefore that might make it easier/more cost effective as you'd be digging down next to the existing walls to basement floor level, then under. I dunno. I think I might get some specialists round for some advice. I certainly don't want drains and pumps involved, that just sounds like stuff that'll go wrong eventually.
Any more thoughts/advice gratefully received.