Would we be mad to buy?

[PianoPants]

OK so my husband and I are (for some mad reason) IN LOVE with this old ruin 🤣 and are joining the live bid with a budget.

However, as you can clearly see from the state of it, a LOT of work needs done. My question is to someone who has done something similar...

What are the chances that the damp is unfixable, or if it is, how much (ball park figure) does something that cost?

How much does a new rood cost?

We are such novices and trying to really weigh up if it's worth it before going ahead. So just looking for some ideas on costs and can't find anything online that's relevant to this buggered property.

www.futurepropertyauctions.co.uk/offer_form.asp?id=9538292

Please help! Here, I'll even share my gin

that view is amazing actually inside its tatty but ive seen worse on homes under the hammer definitely you would need professionals to renovate it full works as in take it back to brick inside and start again but it would be a lovely home when done up and modernised and yes damp can be cured with full damp course work and possibly under floor remedial work, budget i would say deffo no change out of 100k

I can only see a pic of the house and offer page. No details.
Have you visited it in real life? How much are houses worth around there? How much work are you able to do yourselves? Is it an investment or your home?
You should at the very least go around with a builder- I can't tell by the one picture the size of it or condition, and costs are very regional specific. It may be more cost effective to knock it down.

@Pipandmum look at the list of properties for sale full list and search through the lots thats how i looked at the details

Sorry rood is *roof! 🙄

It appears to be in the back garden of No 61 / 61A. What are the access arrangements?

Does it have its own access/driveway?

Great minds @senua

www.rightmove.co.uk/properties/87316492#/

Here it is on RightMove. It looks like someone has plaster-boarded the walls and then attempted to paper them, but the wallpaper has fallen off!

I'm no expert at all, but with hard work and a hefty budget that would be an amazing house. And I reckon you would get your money back on it.

I love this! No idea on costs though. I'd think I'd consult a surveyor for a full an estimate. Alot could be done yourself over time though. You'd need a new kitchen/bathroom/damp proofing/roof /electrical and potential structural fixes done professionally which will be pricey. Think previous poster is right with 100k to get get it liveable.
Go for it though!

Thanks for the feedback, all. I know the area well and the house has its own garden and path that if I remember right, goes passed the house below. I think we might take an impulsive trip to view it tomorrow

Omg really need to proofread these before I hit post "past"* not passed. Autocorrect.

@spikedTea

It's the structural stuff we're worrying about financially. To be honest, I could upcycle the kitchen and bathroom to save money in the short term but just want to get it structurally sound.

Love the pink bathroom. Please let that stay!

Please come back and tell us how much it makes!

@NoToast I sorta love the vintage quirk of the bathroom. With the right walls and accessories it could be brought back to life ♥️

@Didicat I'll be back...

If its unhabitable you would likely struggle to secure a mortgage, is that a problem?

We're not going down the mortgage route. We have a budget and will put that as our highest bid. But we don't have lots of excess money hence the questioning of are we doing the right thing.

Some big jobby with loads of money will come along and put in a ridiculous bid and knock it down and turn it into an air bnb

It's lovely but it's clearly very damp. My only help is a damp survey on a two bed flat in SE London set me back £450 this year.
They made recommendations which were bull shit for the age and build of the property. Like out in cavity walls. Damp could be a bit of a money dump

Can you tell me more @chuffedasbuttons?

My flat was built in the late sixties. Bit of a concrete box. Do their advice of cavity this and insulate that was ridiculous. And electric extractors in a bathroom when I have no loft or void to use.

So I felt the damp survey was a bit of a gimmick. Condensation is a main problem because my tenants dry their washing inside.

Maybe Google also long term damage from damp. Eg if it's been damp for years, could it have woodworm or anything like that. Damp can cause more than just damp.

given the very low starting price, I'd be very concerned that there's actually no legally enforceable access, so you may end up with a landlocked building worth nothing

Ooooh my goodness. It went for £59,000...people with more sense than money!

Piano I take it you didn’t buy it then?