We're going to be looking to buy in SE London next year, if all goes according to plan. I've sold my 1-bed flat in zone 2, DP's 1-bed is on the market. We have a rough idea how much of a mortgage we'll be able to get, and how much cash we'll have available for renovation. We are currently living in a rented house where we've been for three years, so I am thinking it would make sense to buy a project and stay where we are while it's done.
This is the sort of place I have in mind for us to buy:
www.rightmove.co.uk/property-for-sale/property-45427534.html
And this is more or less what we'd want to end up with:
www.rightmove.co.uk/property-for-sale/property-49307111.html (only a bit nicer)
So we'd be looking at:
- Side extension
- New kitchen, downstairs loo, maybe futility room
- Ripping out hideous old stuff and making good/carpets etc
- Putting in upstairs bathroom in existing bedroom 3
- Sorting out garden
- Loft extension (although this could wait a while; we don't have children so a third bedroom isn't essential straight away)
- Stuff like wiring/damp-proofing that I haven't even begun to consider
Would any of you knowledgeable people like to look into your crystal balls and give me an idea?