How much would this property cost to do up (link included)

[january2021]

What do you think - £30k? £50k? It needs quite a bit of work...

www.rightmove.co.uk/properties/100019888#/

How does a property end up in that kind of state in the first place as well? Has it been squatted maybe?

I would say 80k, it’s basically rip everything out and off and start again as though you were building a new house.

Quite curious to see what it would go for at auction, I'm assuming the £380k is a guide price but it might not get near that with that much work.

Good to see they were conscientious enough to put polythene over the headboard to keep the spiders off from the massive cobweb above it.

I'd say 100k +

100K for a good (not great) finish... but that kind of house (very neglected) could have bigger problems which you can't see right now and would increase costs.

@SuperFairy

If it was on Homes Under The Hammer then perhaps 20k, in the real world 75k.

Well said!

I'd get a good surveyor in, one who knows a good builder who would go on the tour as well...

I'd also allow a massive contingency...

I think it is quite telling that the video tour does not go in the bathroom or the basement kitchen and they do not have measurements for those areas - to me that implies they are structurally unsound.
Yes, I think the person filming didn't dare tread on those floorboards! They look rotten.

If it had been priced realistically, a developer would have snapped it up. They're pricing it for an enthusiastic novice and fan of Homes Under the Hammer, who doesn't realise it needs structural work, I reckon!

Wow that is a project and a half..you would need to really love it and have a lot of vision (and money) to make it nice again.

We are doing up a house at the moment that was neglected for 40+ years and we have done a fair bit in the 18 months we have been here, but plenty still to do.

We have little money, but luckily OH is very handy and so a lot is being done ourselves, and our house although a bit grotty when we moved in was nowhere near as bad a state as that one.

Wow that is a project and a half..you would need to really love it

Yes you would... and I’m not sure how lovable it is really. I hope the seller finds someone who does have what it takes though. I would LOVE to see the after pics!

I feel sorry for the house, but sadly don’t have anywhere near the kind of money you’d need to sort it out!