|
 |
Author |
|
Message |  |
|
sean Downsizer Moderator
Joined: 28 Oct 2004 Posts: 41939 Location: North Devon
|
Posted: Sat Aug 01, 15 1:19 pm Post subject: Fancy a fixer-upper? |
 
|
Six bedrooms, £140k. The front looks OK. Sounds as though the rest of it is a candidate for one of those DIY SOS programmes. |
|
|
|
 |
earthyvirgo
Joined: 24 Aug 2007 Posts: 7972 Location: creating prints in the loft, Gerlan
|
Posted: Sat Aug 01, 15 3:53 pm Post subject: Re: Fancy a fixer-upper? |
|
sean wrote: |
Six bedrooms, £140k. The front looks OK. Sounds as though the rest of it is a candidate for one of those DIY SOS programmes. |
Nice lot of space if it goes at that price. Decent garden too.
EV |
|
|
|
 |
Hairyloon
Joined: 20 Nov 2008 Posts: 15151 Location: Today I are mostly being in Yorkshire.
|
Posted: Sat Aug 01, 15 4:22 pm Post subject: |
|
Wasn't there somebody here asking about investments a while back..? |
|
|
|
 |
MornieG
Joined: 17 Jan 2013 Posts: 933 Location: Bromham, Wiltshire
|
Posted: Sun Aug 02, 15 9:03 pm Post subject: |
|
Reckon even with the damp penetration and providing there is nothing like subsidence you could do that up for approx 100k +/- 10k and have a very nice property at the end of it for 250k all in. Maybe 10 years ago I might have taken it on.
Mo.XX |
|
|
|
 |
dpack
Joined: 02 Jul 2005 Posts: 34739 Location: yes
|
Posted: Mon Aug 03, 15 10:25 am Post subject: |
|
THE KNOCK THROUGH LOOKS A BIT IFFY
the beam is possibly undersized and the supports seem to be the original brick,depending what is above(stud or a semi load bearing wall,(or load bearing wall,unlikely)it might need a decent bit of rsj and engineering brick pillars.
apart from that it looks fairly solid if a bit half done,assume all services need redoing.maybe less than 100k to fix it. |
|
|
|
 |
vegplot
Joined: 19 Apr 2007 Posts: 21298 Location: Ynys Môn
|
Posted: Mon Aug 03, 15 11:08 am Post subject: |
|
dpack wrote: |
THE KNOCK THROUGH LOOKS A BIT IFFY
the beam is possibly undersized and the supports seem to be the original brick,depending what is above(stud or a semi load bearing wall,(or load bearing wall,unlikely)it might need a decent bit of rsj and engineering brick pillars.
apart from that it looks fairly solid if a bit half done,assume all services need redoing.maybe less than 100k to fix it. |
They've only read Part 1 of the two part guide to enlarging your living space. Part 2 covers structural considerations. |
|
|
|
 |
dpack
Joined: 02 Jul 2005 Posts: 34739 Location: yes
|
Posted: Mon Aug 03, 15 11:58 am Post subject: |
|
vegplot wrote: |
dpack wrote: |
THE KNOCK THROUGH LOOKS A BIT IFFY
the beam is possibly undersized and the supports seem to be the original brick,depending what is above(stud or a semi load bearing wall,(or load bearing wall,unlikely)it might need a decent bit of rsj and engineering brick pillars.
apart from that it looks fairly solid if a bit half done,assume all services need redoing.maybe less than 100k to fix it. |
They've only read Part 1 of the two part guide to enlarging your living space. Part 2 covers structural considerations. |
im inclined to agree with that tis quite common though |
|
|
|
 |
Behemoth
Joined: 01 Dec 2004 Posts: 19023 Location: Leeds
|
Posted: Mon Aug 03, 15 4:14 pm Post subject: |
|
It's an auction guide price. A builder will be doing his sums. I bet it goes for £175 - £200k. Obviously Sean will attend and report back. |
|
|
|
 |
dpack
Joined: 02 Jul 2005 Posts: 34739 Location: yes
|
Posted: Mon Aug 03, 15 4:27 pm Post subject: |
|
doing the sums on one like that is a balance between worst case/not that bad and how much per month you earn by the time it is sold again.
personally if i wanted to live in it i would pay more than if it was a do it up/sell it.
a do it up sell it builder would probably hope for a 10 to 20 % net return after all costs and a decent wage while doing it.with plenty of cash it might be a goer ,if you had to borrow to buy and/or fix it might be a work for nowt job even if it auctions at at 60%below fixed up price. |
|
|
|
 |
|