Renovating neglected property

timeism0ney

How much money and time do you think it'd take to make this house liveable? Removing the jungle of a garden front and back to make it accessible, replastering and decorating the whole thing, completely replacing the kitchen and shower, replacing most (or let's say for simplicity all) windows. I'm being optimistic and assuming there are no structural issues, for now. Not seen the property inside but the neighbourhood and location (off the main road etc) is good.

https://www.rightmove.co.uk/property-for-sale/property-59067759.html

chunkytfg

Pick a number, add a zero and then double it! Lol

middleclassbutpoor

How long is a piece of string - how much professional help would you require from trades etc?

What spec do you want to do to it?

Do you want to do any structural alterations?

Replacing windows & doors - 10-15k?
Does it need a re-wire 5-10k?
Plastering a room (materials only) £100-200
Flooring a room - £200-500?
New boiler and radiators - £3-5k?
Painting & Decorating - 3-5k inc material
Joinery - 3-5k depending on how much needs doing such as stud walls/kitchen fitting etc.
New Kitchen and appliances £6-10k?
Guttering/roof- any issues could cost from £100 - £000's if new roof need

Builders /plasterer /Joiner/Plumber day rates around bradford (£100-150 per day)
Electrician day rates £150-200? per day

If you worked on a 6 month rennovation - £20-25k on labour potential given the above.
Note there are 2 cellars also on the floor plan - need to know if they are dry or not?

Best thing you can do, is take a look at it and take someone who knows what they are looking for and get them to give you an idea. Won't get everything but you will have a better feel for how much work is needed.

Looking at sold prices on street, you probably have about £30k in the price to put right. If it costs £30k you probably would be breaking even. £140k is probably about the price - you may get £150k if you do a high spec job and it appeals to someone who doesn't want any work to do.

When you get into a certain price band though - look at what that money can buy - i.e. can you start getting a semi detached property in the area with parking etc. There is a real risk it becomes a money pit if you are not careful.

Hasbeen

timeism0ney wrote: »

How much money and time do you think it'd take to make this house liveable? Removing the jungle of a garden front and back to make it accessible, replastering and decorating the whole thing, completely replacing the kitchen and shower, replacing most (or let's say for simplicity all) windows. I'm being optimistic and assuming there are no structural issues, for now. Not seen the property inside but the neighbourhood and location (off the main road etc) is good.

https://www.rightmove.co.uk/property-for-sale/property-59067759.html

Depends how much you can do yourself. For me = Garden, Replace kitchen, shower, Decorating / tiling etc, Electrical, Buy all. Trades = Windows, Replaster if needed? As said price it up yourself then double it.:)

Murphybear

Have a look at Homes under the hammer. This is the sort of property they have all the time. You will need to set a realistic budget to refurb then double it.

This house looks good for a project so you may find that there is competition, these type of properties are much rarer than they used to be

AdrianC

timeism0ney wrote: »

How much money and time do you think it'd take to make this house liveable?

They're a balancing act.

You can spend less money and more time, or more money and less time. Which would you prefer?

Removing the jungle of a garden front and back to make it accessible

A day or two of DIY with some beefy powertools.

replastering and decorating the whole thing

Does it need replastering? How far back? Brick or just a skim? How solid's the original?
Decorating - a quick once-round with a tin of Wickes own-brand contract PBW or Magnolia, or a full-fat F&Bathon?

completely replacing the kitchen and shower

Again, how far do you want to go?

replacing most (or let's say for simplicity all) windows.

Generic tupperware or period-correct hardwood sash?

BTW, you haven't mentioned plumbing and heating, drains, electrics, roof, that shonky-looking roof extension, water ingress to the cellars...

I'm being optimistic and assuming there are no structural issues

I admire your optimism.

Not seen the property inside but the neighbourhood and location (off the main road etc) is good

What's your attitude towards the place and renovation? As a labour of love on your long-term home, a quick tart-and-flip profit, or somewhere in between?

And, not that it affects how much money you could shovel into it, what would it be worth, all done and finished?

timeism0ney

"How long is a piece of string" - I know! At this point I'm just trying to make up my mind if it's worth investigating it further. Bringing a developer to view the property is a good idea. Location/street is quite attractive and I can see the potential but 1) depending on the work involved I don't know if it will come out as reasonably priced; 2) the time it'll take us to renovate and move in obviously matters and has a cost too.

Good point about the cellars - massive extra cost if they're all damp (which I expect them to be in a neglected property) but depending on the state of the problem, drying them may or may not be an urgent job.

Thanks for your replies, everyone.

timeism0ney

I should have made it clear, I am considering buying this for ourselves, not as an investment with the view to sell in a couple of years. The plan would be to live there for at least 10 years.

timeism0ney

Murphybear wrote: »

Have a look at Homes under the hammer. This is the sort of property they have all the time. You will need to set a realistic budget to refurb then double it.

Brilliant! Thanks. Looks addictive

theartfullodger

The (a bit secret..) estimator calculates £34,771:44. Timescale depending. Not including VaT.

FreeBear

timeism0ney wrote: »

Good point about the cellars - massive extra cost if they're all damp (which I expect them to be in a neglected property) but depending on the state of the problem, drying them may or may not be an urgent job.

Cellars are inherently damp. It is the nature of the space coupled with being built underground. Whilst you could sink a fortune in to tanking and slapping waterproof plaster on, it will never be a warm habitable space. Ventilate to maintain humidity at an acceptable level, and use the space for storage.