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Is it worth buying a fixer upper

13

Comments

  • GDB2222
    GDB2222 Posts: 26,685 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    AdrianC said:
    https://www.rightmove.co.uk/property-for-sale/property-81924967.html

    That doesn't look half as bad as you've pitched it.

    Get heating installed and get it rewired. Get the windows changed. Slap a coat of paint and some new carpet all around. Job jobbed, do the rest as and when.
    The windows are not right for the house, but why change them otherwise?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • newsgroupmonkey_
    newsgroupmonkey_ Posts: 1,270 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 5 October 2020 at 3:52PM
    AdrianC said:
    https://www.rightmove.co.uk/property-for-sale/property-81924967.html

    That doesn't look half as bad as you've pitched it.

    Get heating installed and get it rewired. Get the windows changed. Slap a coat of paint and some new carpet all around. Job jobbed, do the rest as and when.

    That was exactly my thoughts. The carpet and paint is slap and tickle. I was imagining some dilapidated place with the roof caving in.
    Zambonis said:
    AdrianC said:

    That doesn't look half as bad as you've pitched it.

    Aah sorry I didn't mean to suggest it was in a poor state, the opposite in fact.  I just meant it seemed like a well preserved museum piece as an ode to 1981.. My partner joked that we should rent it to hipsters longing for a retro experience... not totally sure he was really joking :p  The EA has listed that it needs full modernisation so we have read that to mean it gonna cost you a lot to improve!
    Still waiting to hear back from them about whether it is indeed back on the market afterall. 
    The North London gentrified would love the place
  • FreeBear
    FreeBear Posts: 18,306 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    GDB2222 said: The windows are not right for the house, but why change them otherwise?
    Need to be careful if the are changed. It is in a conservation area, so new windows may be subject to restrictions by the local council.

    In terms of the property itself, a rewire and installation of a central heating system is in order. Shame that the original doors have been ripped out and !!!!!! sliding doors used instead. But, hey, the 80s were not the best period for sympathetic renovations.
    Any language construct that forces such insanity in this case should be abandoned without regrets. –
    Erik Aronesty, 2014

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
  • ProDave
    ProDave Posts: 3,785 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    That house looks fine.  you could move in straight away with the gas fire an an electric heater in each bedroom and modernise it as you can afford.
  • Zambonis
    Zambonis Posts: 11 Forumite
    Second Anniversary First Post
    Yes the window situation does need special care being in a conservation area. Though by the looks of the neighbourhood there are a lot of people not following the regulations or care to preserve the charm of the area. We passed by a house that was being redone a few streets over and someone had chucked, what looked to be original internal doors, on to the street. Heartbreaking!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Bathroom needs to moving upstairs and ground floor reconfigured to achieve a premium value. Looking at other comparable properties. More than simply doing up. 
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 5 October 2020 at 6:33PM
    AdrianC said:
    https://www.rightmove.co.uk/property-for-sale/property-81924967.html

    That doesn't look half as bad as you've pitched it.

    Get heating installed and get it rewired. Get the windows changed. Slap a coat of paint and some new carpet all around. Job jobbed, do the rest as and when.

    That was exactly my thoughts. The carpet and paint is slap and tickle. I was imagining some dilapidated place with the roof caving in.
    Zambonis said:
    AdrianC said:

    That doesn't look half as bad as you've pitched it.

    Aah sorry I didn't mean to suggest it was in a poor state, the opposite in fact.  I just meant it seemed like a well preserved museum piece as an ode to 1981.. My partner joked that we should rent it to hipsters longing for a retro experience... not totally sure he was really joking :p  The EA has listed that it needs full modernisation so we have read that to mean it gonna cost you a lot to improve!
    Still waiting to hear back from them about whether it is indeed back on the market afterall. 
    The North London gentrified would love the place
    On another thread, looking at an example posted of a £3m+ house with no parking, I moved via Street View up Maida Vale and the Kilburn High road to a 3 bed terrace house five of us part-time hippies rented in 1968. It was then in the sort of condition a landlord like dear Mr Cosgrove would consider renting out to the unwashed.
    It sold in the mid 90s for £195k, and then, with a small ground floor extension + much interior tartification sold again in 2017 for....£1.1m  :o
    That's gentrification all right!
  • bouicca21
    bouicca21 Posts: 6,731 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The the main problem with that house is working out how to get an upstairs bathroom without sacrificing a bedroom.  As others have said it doesn’t need much else doing and it’s perfectly liveable, but no matter what else is done to it a downstairs bathroom will always put off a lot of potential buyers.  
  • GDB2222
    GDB2222 Posts: 26,685 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Did the OP mention doing a 2 storey extension? Would that be to get the bathroom upstairs?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • oldbikebloke
    oldbikebloke Posts: 1,096 Forumite
    1,000 Posts Name Dropper
    GDB2222 said:
    Did the OP mention doing a 2 storey extension? Would that be to get the bathroom upstairs?
    is OP looking for a dwelling to make a home in, or a property to flip for money?
    Rightmove shows that the property professionals for that part of London buy 2 bed terrace houses and convert them into two self contained flats EACH of which them is listed for sale at > the cost of the house itself obviously.
    OP's property looks to have the same potential if they can extend over the downstairs bathroom and kitchen. 

    see this example of what happens if you really know what you are doing building wise 
     https://www.rightmove.co.uk/property-for-sale/property-85067065.html

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