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sean
Downsizer Moderator
Joined: 28 Oct 2004
Posts: 41939
Location: North Devon
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 Posted: Sat Aug 01, 15 1:19 pm Post subject: Fancy a fixer-upper? |
 
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Six bedrooms, £140k. The front looks OK. Sounds as though the rest of it is a candidate for one of those DIY SOS programmes. |
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earthyvirgo
Joined: 24 Aug 2007
Posts: 7972
Location: creating prints in the loft, Gerlan
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| Posted: Sat Aug 01, 15 3:53 pm Post subject: Re: Fancy a fixer-upper? |
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| 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 |
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Hairyloon
Joined: 20 Nov 2008
Posts: 15151
Location: Today I are mostly being in Yorkshire.
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| Posted: Sat Aug 01, 15 4:22 pm Post subject: |
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Wasn't there somebody here asking about investments a while back..? |
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MornieG
Joined: 17 Jan 2013
Posts: 933
Location: Bromham, Wiltshire
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| Posted: Sun Aug 02, 15 9:03 pm Post subject: |
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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.
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dpack
Joined: 02 Jul 2005
Posts: 34739
Location: yes
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| Posted: Mon Aug 03, 15 10:25 am Post subject: |
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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. |
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vegplot
Joined: 19 Apr 2007
Posts: 21298
Location: Ynys Môn
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| Posted: Mon Aug 03, 15 11:08 am Post subject: |
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| 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. |
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dpack
Joined: 02 Jul 2005
Posts: 34739
Location: yes
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| Posted: Mon Aug 03, 15 11:58 am Post subject: |
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| 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 |
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Behemoth
Joined: 01 Dec 2004
Posts: 19023
Location: Leeds
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| Posted: Mon Aug 03, 15 4:14 pm Post subject: |
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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. |
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dpack
Joined: 02 Jul 2005
Posts: 34739
Location: yes
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| Posted: Mon Aug 03, 15 4:27 pm Post subject: |
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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. |
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