What offer would you give for a house that needs complete renovation

[Heavywheezing]

We went to look at a house today.
It needs a complete renovation. Bathroom downstairs, new kitchen, new boiler. An old person had the house before.

It's on the market for £400,000 which for us would be too much to pay but it needs £30,000 minimum spent on it.

I just wonder what would could be a realistic offer of this house

house

Well we have sold our house, we are in rented accommodation in the village that the house is in but given the probable selling price + work needed during to it= out of our budget.

I haven't viewed any properties around here. There's been none I'd like to buy.ah well!

Sorry i think that house is just too expensive for you. Given it's age and lack of maintainence I think you could be looking at a massive amount of work and at the end of it you'll have a pretty but small house in presumably a nice location.

I think most agents, within reason, value a house taking into account the amount of work that needs doing to it.

I am thinking of putting my house on the market. It needs another £10 - £20,000 spent on it so I would bear that in mind with the asking price.

From the fact that it has generated quite a bit of interest as well as offers within days of going on the market, I would say that deducting the cost of renovations from the asking price is probably an overly optimistic strategy. Saying that, you never know unless you try! You might get lucky and everyone else is not actually proceedable.