New "Have a Look at This" thread

Martico

BlueVeranda said:

Well it has made the BBC - https://www.bbc.co.uk/news/uk-england-london-67369595

The estate agent reckons a house in good condition on this street would sell for £1m so perhaps you can afford to have B&Q fit the kitchen after all (if you believe them).

From photo caption: "the carpet is not green, it's actually a thin layer of moss"

lincroft1710

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

Zoopla estimates the value of the property at £933,000. If that was true, then it would actually be worth it at £700,000 as there's still £233,000 to renovate the property with.

No, I'm not saying it's a bargain. But, it says something about London prices. 

I wouldn't trust any Zoopla estimates. 

I don't, which is why I put 'If that was true' in. Given recent sale prices the property in good condition should be worth at least £800K, which would still allow quite a bit for renovation. 

@ProDave thinks you would be lucky to renovate that for £100K and I tend to agree. If that place was detached, it would be "send in the bulldozers".

Yes. It would take a careful look to see if it's structurally sound. Which I think I mentioned above. I'm not saying that it's guaranteed that someone could make it work for them at £600K, just that given the uncertainty about its structural soundness that it's possible. I didn't say probable. 

The problem with a house like that is not "where do I begin?" but "where do I stop??"

If the basic structure is OK (certainly an unknown and not incredibly likely), then surely you stop when the budget runs out, and make choices to stay within the budget. To make that liveable is going to take a big budget even with the cheapest kitchen and bathroom from B&Q, so probably stop when it's liveable but full of cheap everything. 

How many programmes have you seen on TV where the presenter says "Your budget was £x, what was the final spend?", the answer invariably being more than the budget? There are some dodgy floorboards, do you just replace those, or do you replace them all, as those which seem OK at the moment probably haven't got much life left? Do you landscape the garden and replace the fence with new matching panels. At £695K do you really want to spend tens of thousands to make the place habitable and then fit it out with a cheap bath and kitchen, because if you are trying to flip it, your prospective buyers won't be impressed and if you intend to live there yourself, you will soon be thinking I should have spent more.


As a matter of interest, what would that property probably sell for had it been in Leicester? 

RHemmings

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

Zoopla estimates the value of the property at £933,000. If that was true, then it would actually be worth it at £700,000 as there's still £233,000 to renovate the property with.

No, I'm not saying it's a bargain. But, it says something about London prices. 

I wouldn't trust any Zoopla estimates. 

I don't, which is why I put 'If that was true' in. Given recent sale prices the property in good condition should be worth at least £800K, which would still allow quite a bit for renovation. 

@ProDave thinks you would be lucky to renovate that for £100K and I tend to agree. If that place was detached, it would be "send in the bulldozers".

Yes. It would take a careful look to see if it's structurally sound. Which I think I mentioned above. I'm not saying that it's guaranteed that someone could make it work for them at £600K, just that given the uncertainty about its structural soundness that it's possible. I didn't say probable. 

The problem with a house like that is not "where do I begin?" but "where do I stop??"

If the basic structure is OK (certainly an unknown and not incredibly likely), then surely you stop when the budget runs out, and make choices to stay within the budget. To make that liveable is going to take a big budget even with the cheapest kitchen and bathroom from B&Q, so probably stop when it's liveable but full of cheap everything. 

How many programmes have you seen on TV where the presenter says "Your budget was £x, what was the final spend?", the answer invariably being more than the budget? There are some dodgy floorboards, do you just replace those, or do you replace them all, as those which seem OK at the moment probably haven't got much life left? Do you landscape the garden and replace the fence with new matching panels. At £695K do you really want to spend tens of thousands to make the place habitable and then fit it out with a cheap bath and kitchen, because if you are trying to flip it, your prospective buyers won't be impressed and if you intend to live there yourself, you will soon be thinking I should have spent more.


As a matter of interest, what would that property probably sell for had it been in Leicester? 

Yes, it would take some considerable luck with the physical condition of the basic building, strict adherence to the budget, a buyer who can do work themselves to stay within £100K. And then, as you say, everything would likely be cheap. Now that we know that the green is a layer of moss, not the carpet, it seems extremely unlikely that the basic building is sound. 

In Leicester, if someone offered me that building for free, I would say no. Even if it was in a great location for me. And, I assure you I'm not joking. As a wild guess, I think that someone would buy it for £50K, but that's a really wild guess.

Slinky

https://www.rightmove.co.uk/properties/141915620#/

Is that a paper towel dispenser in the bathroom on p11? Never seen one in a domestic setting before!

ProDave

https://www.rightmove.co.uk/properties/141915620#/

Is that a paper towel dispenser in the bathroom on p11? Never seen one in a domestic setting before!

I am more interested in what is that in picture 12 right above the bath?  It looks to be electrical in some way?

RHemmings

ProDave said:

https://www.rightmove.co.uk/properties/141915620#/

Is that a paper towel dispenser in the bathroom on p11? Never seen one in a domestic setting before!

I am more interested in what is that in picture 12 right above the bath?  It looks to be electrical in some way?

It looks like something that was in my very elderly mother's house before she had to move to a care home. In her case it was something for her to sit on so that she could shower or be showered without having to stand. The remote control there looks very much like an up-down button control, so presumably electric. 

In the case of my mother's seat, it was manual not electric. A quick google shows that electrical products of this sort (though looking very different) exist.

https://www.careco.co.uk/ashore-bath-lift/

BlueVeranda

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

Zoopla estimates the value of the property at £933,000. If that was true, then it would actually be worth it at £700,000 as there's still £233,000 to renovate the property with.

No, I'm not saying it's a bargain. But, it says something about London prices. 

I wouldn't trust any Zoopla estimates. 

I don't, which is why I put 'If that was true' in. Given recent sale prices the property in good condition should be worth at least £800K, which would still allow quite a bit for renovation. 

@ProDave thinks you would be lucky to renovate that for £100K and I tend to agree. If that place was detached, it would be "send in the bulldozers".

Yes. It would take a careful look to see if it's structurally sound. Which I think I mentioned above. I'm not saying that it's guaranteed that someone could make it work for them at £600K, just that given the uncertainty about its structural soundness that it's possible. I didn't say probable. 

The problem with a house like that is not "where do I begin?" but "where do I stop??"

If the basic structure is OK (certainly an unknown and not incredibly likely), then surely you stop when the budget runs out, and make choices to stay within the budget. To make that liveable is going to take a big budget even with the cheapest kitchen and bathroom from B&Q, so probably stop when it's liveable but full of cheap everything. 

As a matter of interest, what would that property probably sell for had it been in Leicester? 

You got me thinking. I did a search for properties in need of modernisation in various areas and prices really seem to vary. But then again, not all of the houses described this way are in such bad shape as the London house above!

This one is £50k in Stoke and needs a lot of work on the kitchen.

https://www.rightmove.co.uk/properties/141373826#/media?id=media0&ref=photoCollage&channel=RES_BUY

This one in Grantham sold for £110k.

https://www.rightmove.co.uk/properties/138728276#/media?id=media0&ref=photoCollage&channel=RES_BUY

Here are some of the others I found:

https://www.rightmove.co.uk/properties/141575861#/media?id=media0&ref=photoCollage&channel=RES_BUY

https://www.rightmove.co.uk/properties/137248055#/media?id=media0&ref=photoCollage&channel=RES_BUY

https://www.rightmove.co.uk/properties/141764141#/media?id=media0&channel=RES_BUY

https://www.rightmove.co.uk/properties/140168102#/media?id=media0&ref=photoCollage&channel=RES_BUY

The ones that are detached probably carry a bit more value due to the size of the plot.

RHemmings

BlueVeranda said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

Zoopla estimates the value of the property at £933,000. If that was true, then it would actually be worth it at £700,000 as there's still £233,000 to renovate the property with.

No, I'm not saying it's a bargain. But, it says something about London prices. 

I wouldn't trust any Zoopla estimates. 

I don't, which is why I put 'If that was true' in. Given recent sale prices the property in good condition should be worth at least £800K, which would still allow quite a bit for renovation. 

@ProDave thinks you would be lucky to renovate that for £100K and I tend to agree. If that place was detached, it would be "send in the bulldozers".

Yes. It would take a careful look to see if it's structurally sound. Which I think I mentioned above. I'm not saying that it's guaranteed that someone could make it work for them at £600K, just that given the uncertainty about its structural soundness that it's possible. I didn't say probable. 

The problem with a house like that is not "where do I begin?" but "where do I stop??"

If the basic structure is OK (certainly an unknown and not incredibly likely), then surely you stop when the budget runs out, and make choices to stay within the budget. To make that liveable is going to take a big budget even with the cheapest kitchen and bathroom from B&Q, so probably stop when it's liveable but full of cheap everything. 

As a matter of interest, what would that property probably sell for had it been in Leicester? 

You got me thinking. I did a search for properties in need of modernisation in various areas and prices really seem to vary. But then again, not all of the houses described this way are in such bad shape as the London house above!

This one is £50k in Stoke and needs a lot of work on the kitchen.

https://www.rightmove.co.uk/properties/141373826#/media?id=media0&ref=photoCollage&channel=RES_BUY

Holy moly take deaux. 



The £50,000 is a starting bid. It will be interesting if someone can track what it actually sells for. If it sells. 

For the house in Grantham, I was thinking that Grantham is cheaper than Leicester and therefore £100K looks really high for that house in that condition. E.g. this looks better for £145K:

https://www.rightmove.co.uk/properties/138796238

But, it may be that the terrible wreck of a house is in a good school catchment area or something. 

daivid

Slinky said:

https://www.rightmove.co.uk/properties/141915620#/

Is that a paper towel dispenser in the bathroom on p11? Never seen one in a domestic setting before!

In the kitchen too and soap dispensers. With the bath aid hints at live in, or certainly quite comprehensive, home help.

BlueVeranda

RHemmings said:

BlueVeranda said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

lincroft1710 said:

RHemmings said:

Zoopla estimates the value of the property at £933,000. If that was true, then it would actually be worth it at £700,000 as there's still £233,000 to renovate the property with.

No, I'm not saying it's a bargain. But, it says something about London prices. 

I wouldn't trust any Zoopla estimates. 

I don't, which is why I put 'If that was true' in. Given recent sale prices the property in good condition should be worth at least £800K, which would still allow quite a bit for renovation. 

@ProDave thinks you would be lucky to renovate that for £100K and I tend to agree. If that place was detached, it would be "send in the bulldozers".

Yes. It would take a careful look to see if it's structurally sound. Which I think I mentioned above. I'm not saying that it's guaranteed that someone could make it work for them at £600K, just that given the uncertainty about its structural soundness that it's possible. I didn't say probable. 

The problem with a house like that is not "where do I begin?" but "where do I stop??"

If the basic structure is OK (certainly an unknown and not incredibly likely), then surely you stop when the budget runs out, and make choices to stay within the budget. To make that liveable is going to take a big budget even with the cheapest kitchen and bathroom from B&Q, so probably stop when it's liveable but full of cheap everything. 

As a matter of interest, what would that property probably sell for had it been in Leicester? 

You got me thinking. I did a search for properties in need of modernisation in various areas and prices really seem to vary. But then again, not all of the houses described this way are in such bad shape as the London house above!

This one is £50k in Stoke and needs a lot of work on the kitchen.

https://www.rightmove.co.uk/properties/141373826#/media?id=media0&ref=photoCollage&channel=RES_BUY

Holy moly take deaux. 



The £50,000 is a starting bid. It will be interesting if someone can track what it actually sells for. If it sells. 

For the house in Grantham, I was thinking that Grantham is cheaper than Leicester and therefore £100K looks really high for that house in that condition. E.g. this looks better for £145K:

https://www.rightmove.co.uk/properties/138796238

But, it may be that the terrible wreck of a house is in a good school catchment area or something. 

For the Grantham house, I got the impression there could be quite a nice house in there once it was cleaned up, but I think £110k is probably too much considering similar but much more presentable houses in that street have gone for around £170-180k. It wouldn't leave you much flexibility.