Hi,
My husband and I have seen a 3 bed semi-detached house that we are interested in putting an offer on but it is a complete wreck!
www.rightmove.co.uk/property-for-sale/property-71816079.html
The video on the listing shows how extensive the work is compared to the photos.
After paying the deposit, fees etc - we would have about £60k left in savings with the potential to borrow an extra £25k from the bank and maybe an additional £25k from parents which we will payback when we remortgage at the end of the 2 year fixed mortgage.
We would have to gut the house back to brick from what I can see.
We would also want a double storey extension to the rear, front and side to change the layout of the house so that it is similar to one of the houses down the road. The extension would be:
- 30 sq.m. on the ground floor
- 30 sq.m. on the first floor
- with a knock through of 1 or 2 internal walls on the ground floor.
- bifold doors to the rear
- new kitchen installed (happy with ikea units but may spend more on taps and worktop etc depending on budget)
- utility room
- ensuite upstairs
- move the new bathroom to front of the house
The property has a new roof but in addition to the extension, it looks like it will need:
- rewiring
- replumbing
- new double glazed windows
- new boiler and radiators
- new floorboards and carpets
- replastering
- new understairs wc
- new doors
To save costs we would DIY the decorating of the bedrooms and living rooms once it is completed to a plaster finish.
I would really appreciate thoughts on this project so I have an idea whether it is affordable or just a pipe dream!
How much would it cost and how long would it take?
- We would be living out of the property during the works.
- We don't have kids so have time to work on it in evenings and weekends.
Also anyone in the Manchester area who has the details of good tradesmen that they would recommend, please let me know!