What do you think f this house?

For me, it's a no. The extension has a flat roof and I forsee that being an issue. It is effectively split into two which will need a lot of reconfiguring. I dislike stone (or brick) walls inside. It just needs so much doing to it!

interest rates?

it certainly has curb appeal. i hate ugly houses...

That's lovely but I wouldn't touch it at that price. It's priced as if it's been renovated already.

If you can knock 100K off the price and have 200k spare I'd go for it.

£273,902 and 76 pence

It’s in a vulnerable position. Speaking from experience! For that money I’d want a house set way back from the road.

I love it but it's going to be a money pit. Our old house was 4-5 beds 1960s and when we renovated it was well over £50k ,and it was in a lot better condition than this to start with.

It’s beautiful. My Reno house was in similar state, though structurally sound and didn’t need roof doing. We are doing almost everything ourselves. So far probably spend about 20k. Have windows to do and a kitchen but again, will fit it ourselves (making oak work tops out of dining tables from Facebook for example). I don’t think we will spend more than 50k on the inside but maybe about 15k outside for the barns.
You say you aren’t handy, I would think 100k is unlikely. More than that for sure, because there are always more problems as you strip back each room.

“Originally a pair of cottages the property is in need of a complete refurbishment. Planning permission was granted on 3rd March 2023 22/03135/FUL to significantly alter the internal layout of the property to provide a generous kitchen, dining and sitting areas, four bedrooms, a dressing room and bathrooms.”

It is even explicit in the listing.

Pic 7 has what looks like black round electrical boxes and old fuse/connections above the fuse board/junction box plus opened celling

2 bathrooms = dedicated fused wires for 2 showers
Kitchen fused oven + hob
New kitchen and sorting out exposed copper pipe plumbing
Pic8 old windows
Pic9 old single glaze window and rat flap in door
Pic17 "random" pug with wire disappearing into the wall /built-ins
Looks as if fire has copper piping for backboiler

It’s rarely the superficial finishes and the nice stuff you actually live with that cost the money. Paint & paper are cheap in the grand scheme of things; flooring & wall finishes can usually be sourced in sales etc, decent quality bathrooms can be bought online, there are plenty of budget kitchen options that look and feel just as good as high end these days. Achieving a neutral cosy country type look shouldn’t cost a fortune.

All the money will go on the labour & materials for structural, remedial and second fix stuff - every penny disappears into the unseen bits of the building right up to finished plaster. It has the potential to be stunning, but I also think that a ballpark for renovation will be £250-300K.

Which leaves you with a shortfall, OP. It wouldn’t put me off it was my dream home, but it does depend on your current family situation, your future earning prospects and your resilience and ability to live in sub-optimal conditions and a semi-building site for quite a while (which isn’t easy - ask me how I know 😂).

Lovely house, I would say you would be starting at £100k for the minimum to put in new windows, doors, electrics and plumbing before you start on anything else. Kitchen would be £50k. What is the roof like? That would be a concern for me and the damp needs sorting. Over time and if you could live in it for a few years go for it.

The house obviously needs a new kitchen and bathroom, but unless I've missed something, the rest looks to be more cosmetic and I can't see the need for a refurbishment on the level that is being suggested. Surely there's no need to knock down walls or do any major structural work? I always think it's such a shame when people knock all the character out of a lovely old house and turn the ground floor into a bleak featureless box. It wouldn't worry me taking on a house like that, and our current house was in far worse condition when we bought it. Assuming there isn't essential structural work that isn't obvious, then we could transform it into our ideal for around £50,000.

I would budget £400K to do it anywhere near what you're picturing.

It needs gutting - kitchen alone will be upwards of 100K I'd think.

Could definitely be gorgeous but it's a multi year project with a massive budget

And as @PoppyP19 said, I've been given exactly that advice you do have to reno to suit the market standard for that property in case you need to sell.

Ah it has so much potential but I’d not go near it with a 100K budget to renovate. Money disappears on seemingly totally invisible things when you’ve got a doer upper.
Sorry!

It's a lovely house but, neither dh nor I are handy and I wouldn't touch it unless I had £200k plus for Reno, £300k seems more likely. You won't ever get a deal doing up an old property.

The one in Draycott for the same price is prettier and not a complete wreck.

That could be a lovely house but to do a decent job would be £300k+ and that's without adding all the unexpected things you'd find. I would not even attempt it with £100k.

Lovely cottage. I’d want some lovely flowery wallpaper in the bedroom.

It is a beautiful house @Aquabi but the first thing that sprung to mind was "money pit".

Minimum £250K to renovate properly. There are signs of mould/damp and it has not been well looked after.

If you go in with £100K then yes, you could do the priority bits and then save up. But you will then be in a cycle of constant saving and work.

Sorry to say don't think 100k would touch it realistically I would say you're looking at anything from 300 to 500k. You'll be surprised how fast money can be spent specially when it comes to structural stuff.

It's such a beautiful house!

I have no idea about how much doing up a house would cost as we rent but I think you should go for it, it's gorgeous.

Could you do the kitchen and bathroom upon buying and do the rest bit by bit?

I love looking at houses!

£450k at least IMO