How much would it cost to renovate this derelict house?

[Rounters]

Dh and I are making the move out of London.

I ideally would find a house that needs completely redoing. We gutted our current terraced house - new floors, wirings, new kitchen etc. The end result was stunning.

We are now looking to move further afield as we expand our family.

im very much on the look out for a house that needs work.

Just put of interest, how much would you say it would take to get this house to a good standard? Decent enough spec but nothing insane.

£150k? £200k?

https://www.rightmove.co.uk/properties/163318442#/?channel=RESBUY

This is not my house but something I would love to go for.

Just trying to get a feel for prices and figuring out if I’m living in fantasyland

You wouldn’t get a highstreet residential mortgage on it.

You would need to buy in cash or as a business with loan secured against other assets.

You might find yourself having to do the driveway first so that all the builders, trucks, scaffolders' lorry, materials delivery vehicles can access the job. Also, if you need to run services in you may need to do that before the drive is laid.

I had Georgian windows renovated 20 years ago and they cost a fortune then...that's just the windows. The roof would be a significant cost too, before you even get to electrics and heating.

Grade 2 isn’t such a hassle or additional expense tbh. It’s grade 2 star you’ve got to watch out for

Based on house only @ 220m2
assuming no extremes ie death watch beetle etc but inc for damp, bathrooms, kitchens, etc etc
Id estimate for a good average finish of
£2k / m2

So £440,000

but if you do what you can yourself prices come down

(Figures are based on estimates we’ve had on ours-

Our grade 2 star 500m2 14th century wreck has cost far less than £1k /m2 so far because we have done most of it ourselves. Except for roof, plumbing and electrics
( We do have the kitchen , which is a no ceilinged, sloping floors shell atm) left but it still won’t be as high as even £1k/m2

I spent £200k doing up a perfectly habitable Grade II listed Georgian house 10 years ago, to a reasonable but not flashy standard. It already had a sound roof, no real damp, new electrics and the windows just needed painting.

For that house and taking account of rocketing costs I would reckon closer to £500k just for the house.

What a beautiful property in a gorgeous location! All I can say with any authority is it will cost an absolute fortune to renovate as a PP said at least a million. We are renovating a property in a Conservation area. The required sash windows alone have cost us £50,000.

We just spent £200 k renovating a similar property but it had been lived in and in was in - decent enough order just scruffy and old fashioned ( other than the windows and electrics). That sum covered electrical upgrades and lighting, redecorating - new triple column radiators, 2 new bath rooms, toilet refit, new utility and kitchen and decorating (in addition to the above) a very large hallway, 2 sitting rooms and 5 bedrooms. It also covered furniture and reroofing the outhouses.

You'd probably need £500 minimum for that house.

Or potentially a renovation mortgage, but these might be a bit advanced.

Builders are used to rough terrain,

I can’t see all the driveway on the images but from what I can it’s all fine.

If there are huge potholes just mend them ie throw some sand and gravel down. Never do a driveway first if heavy vehicles need regular access

Friends are completely renovating a similar size house and they are looking at spending £450k+

And there would be plenty of issues along the way. Asbestos is currently causing a major headaches for my friends

I’d say you’d want to budget at least £500K. Grade II listed can obviously be an absolute nightmare.

It varies massively though. Would you be doing any work yourself? What kind of finish would you want? Would you want it all doing in one go?

I’ve no idea where Clayton is - what is it like for contractors around there? Is it rural?

You’d have to get several
companies to quote obviously.

Our Reno cost £300K 17 years ago (!) - a large thirties detached, not listed or anything just doing out the loft and adding an extra bedroom/bathroom over the garage and then general upgrade of everything. The fixtures and fittings were all more of the budget end of things, B&Q etc and we had Polish builders in to do the work who were much cheaper (but very skilled).

We bought the house for £600K in 2004 and it’s now worth about £1.8 million and we’re in the north.

Agreed. My son has budgeted this for a house in a better condition.

The property is an absolute stunner. But unfortunately out of my league. Good luck to whoever takes it on. I’m very jealous!

£3500 per square m inc bathrooms but not kitchen

Yeah I agree with most; that’ll chew through half a million even just doing it to a basic standard, I think higher if there are major structural or roof problems.

But it would be absolutely stunning once done.

Think of a number and double it, and the original number needs to be huge! Costs spiral and go way beyond what you imagine or are told.

That house is pretty much derelict. You'd have to do absolutely everything to it. It could also have major structural problems, likely to need a new roof etc.
It will cost you an absolute fortune to do it up. And then you'd have to tackle the gardens, driveway, garages and so on which will cost even more.

I don't know but it is absolutely beautiful. Maybe the reformer rectory with the church next door?

You haven’t had any renovation experience before have you @Rounters ? A project this size would be very very ambitious for a Reno virgin

We gutted our current house (a 3 bed end of terrace) like I said in the op. I extrapolated costs.

And massively underestimated!!

Yes. Hence why I asked. I’m absolutely no expert. Just curious. I mean this particular property is probably more a fantasy anyway. 9 acres seems way beyond anything I could manage. But the house size is exactly what we’re after. If it could be done for £200k I’d be very interested. I know better now

I bought my house that was in the same condition as yours. I visited with my husband and a builder, and I am an interior architect so I had a pretty accurate idea before putting the offer in. We offered asking (it was worth it as location amazing). Then i have my own surveyor, the report was like a novel 😝
original size was 156 sqm extended to 310sqm. We: extended (in the garden and upward), we re lost listed but in a conservstion area so we had to source old bricks to match, old roof slates, etc, re wired, re plumbed, 5 bathrooms, kitchen, pantry, utility, changed all the windows to double gaze front to match as per conservation, back sash windows in wood, finish painted, tiled, light fittings etc. We didnt do any jobs ourselves.
i was in charge of interiors architecture and architect was in charge pf project managing the build.
we had as well as surveyor, a QS, an engineer.

so all in including floor and wall finishes we soend just short of a 1,000,000. Asking price was 850. Our selling price ig we were to put it on the market would mean we d break even. But the idea isnt to sell. The kids will sell when we re dead so it wont matter.

bottom line: if you do a lot of work you can save a lot. We could have saved a lot on finishes but my house is my show room so we used beautiful tiles and natural stones for floor. But we havent been crazy there is no marble, no expensive lighting, etc.
we had a price hike as we were just after covid and everything got a 40% hike on materials.

dont rely on your builders QS. Get your own. Worth the money

Absolutely correct

It’s pretty shocking that your extrapolation was so far out.

how much did you pay for your gutting and Reno of the 3 bed? £8000???