I love Edwardian houses, and 1 is beautiful!
But 2 is the one I would choose.
1 pro's
Edwardian
beautifully decorated
ready to go
5 beds.
1 con's
no parking
needs another bathroom
thin kitchen
neighbours
no utility room
industrial building at the back
location?(I don't know the area just going of what pp said)
2 pro's
detached
drive way
big rooms
plenty of bathrooms
lots of potential
liveable condition
can character back in (fire places,doors ect)
better area
2 con's
dated decor
not well thought out extension
may take a while to get how you want.
I also reckon there is a chance of the original parquet flooring under the carpets in the hall and first front room.