Fancy a fixer-upper?

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Fancy a fixer-upper?

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sean
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 42219
Location: North Devon

Posted: Sat Aug 01, 15 1:19 pm Post subject: Fancy a fixer-upper?
Six bedrooms, ï¿½140k. 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

Posted: Sat Aug 01, 15 3:53 pm Post subject: Re: Fancy a fixer-upper?

sean wrote:

Six bedrooms, ï¿½140k. 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: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sat Aug 01, 15 4:22 pm Post subject:
Wasn't there somebody here asking about investments a while back..?

MornieG

Joined: 17 Jan 2013
Posts: 933
Location: Bromham, Wiltshire

Posted: Sun Aug 02, 15 9:03 pm Post subject:
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: 46247
Location: yes

Posted: Mon Aug 03, 15 10:25 am Post subject:
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: 21301
Location: Bethesda, Gwynedd

Posted: Mon Aug 03, 15 11:08 am Post subject:

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: 46247
Location: yes

Posted: Mon Aug 03, 15 11:58 am Post subject:

vegplot wrote:

dpack wrote:

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: 19023
Location: Leeds

Posted: Mon Aug 03, 15 4:14 pm Post subject:
It's an auction guide price. A builder will be doing his sums. I bet it goes for ï¿½175 - ï¿½200k. Obviously Sean will attend and report back.

dpack

Joined: 02 Jul 2005
Posts: 46247
Location: yes

Posted: Mon Aug 03, 15 4:27 pm Post subject:

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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