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Fancy a fixer-upper?

 
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sean
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 41656
Location: North Devon
PostPosted: Sat Aug 01, 15 1:19 pm    Post subject: Fancy a fixer-upper?  Reply with quote    

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
PostPosted: Sat Aug 01, 15 3:53 pm    Post subject: Re: Fancy a fixer-upper? Reply with quote    

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: 14676
Location: Today I are mostly being in Yorkshire.
PostPosted: Sat Aug 01, 15 4:22 pm    Post subject: Reply with quote    

Wasn't there somebody here asking about investments a while back..?

MornieG



Joined: 17 Jan 2013
Posts: 933
Location: Bromham, Wiltshire
PostPosted: Sun Aug 02, 15 9:03 pm    Post subject: Reply with quote    

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: 32721
Location: yes
PostPosted: Mon Aug 03, 15 10:25 am    Post subject: Reply with quote    

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: 21297
Location: Ynys Môn
PostPosted: Mon Aug 03, 15 11:08 am    Post subject: Reply with quote    

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: 32721
Location: yes
PostPosted: Mon Aug 03, 15 11:58 am    Post subject: Reply with quote    

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: 18977
Location: Leeds
PostPosted: Mon Aug 03, 15 4:14 pm    Post subject: Reply with quote    

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: 32721
Location: yes
PostPosted: Mon Aug 03, 15 4:27 pm    Post subject: Reply with quote    

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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