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How much to refurbish this stunning house?

209 replies

NotABeliever · 16/01/2021 19:34

Asking for my brother who's chain free and recently moved to Oxford.
He's planning to redo all the wiring, plumbing, new boiler, new kitchen and bathrooms, all flooring, roof and decoration. He's asking me how much all this done to good standard would cost without an extension and not moving the plumbing unless absolutely necessary. I've recently refurbished a house but on a much smaller scale so I don't really know.
In particular, can you spot any extra structural work that may be needed from the video. It's in quite a state isn't it?
TIA

OP posts:
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Blankscreen · 16/01/2021 21:00

I was going to say £200k to £250k but looks I could be on the low side

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BlahBlub · 16/01/2021 21:01

Oh and that excluded any architect/engineer/project manager fees, which you may well need for a project this large.

Please do get a very detailed survey by a reputable surveyor if you are seriously considering it.

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Saranvenya · 16/01/2021 21:01

DH's words... wouldn't touch it, we've done loads, I've looked at houses like this DH won't entertain them, we are mid doing our house.
How long is a piece of string is the answer, asking on a forum even with experts will only get you a guessed figure, until its been surveyed, builders look it etc could be anywhere from 50k to bankruptcy.

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SoupDragon · 16/01/2021 21:03

From the walkthrough video, the prop is in the upstairs rear bedroom and is "only" holding the actual ceiling up rather than the floor above - the agent goes in all the rooms above which I don't think they would have done if there were serious structural issues with the floor. They do not go into the actual room with the prop.

That said, I suspect the cost is "how long is a piece of string and double it"

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Bathroom12345 · 16/01/2021 21:03

My friend did up a house in Chiswick. House was in a similar state and a semi. However their budget was £500k. A cheap kitchen and cheap refurbishment just won’t do it.

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BlahBlub · 16/01/2021 21:03

Plus there may be additional costs for item not listed in the OP (Would you require landscaping? Or a new heating system instead of boiler replacement only?)

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Lechatnoir · 16/01/2021 21:04

Next door sold for £1.3 a year ago so given £50k buying/move costs, and upwards of £250k build & finishing costs you wouldn't want to be paying over £900k to break and that's assuming no structural issues (unlikely given photos!) .

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ketosavedmylife · 16/01/2021 21:04

More than 25 years ago me and DH looked at a house which was absolutely charming but in-depth survey showed needed significant work on roof, plumbing, electrics, flooring, windows, walls - it had been somewhat neglected for 20 years.

My heart wanted it and it was a bargain. Thankfully, good sense intervened (I had a 1 and 2 yr old) as neither of us had building experience. We bought a practical (boring) home which needed minimum doing up. I don't regret it because we have fabulous neighbours Grin.

OP as long as your brother has reliable contacts and deep pockets, he could make that property beautiful again.

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KarmaNoMore · 16/01/2021 21:07

That mould in the walls is bad news. If it is condensation it would be sorted by new windows or a better central heating, if water is coming in... it can cost him far more.

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2bazookas · 16/01/2021 21:11

Don't be silly. If he knows absolutely nothing about building costs, he needs to ask a builder. Not Mumsnet,FGS.

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CrotchetyQuaver · 16/01/2021 21:12

I would have thought if he's got the money to fund it, it should be fine, but they should get a good architect and project manager on board to run the project. I'm watching a similar probably larger project take place where I work. New roof, new drains and pretty much everything in between, also a listed building which brings its own difficulties. They have a specialist in refurbishing the sash windows rather than replacing. They've done a few houses and were worried about the sheer scale of this one. The project manager and architect are key and of course not letting the budget run away.

That will be a truly beautiful house once it's done and assuming the windows and original features are retained.

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TankGirl97 · 16/01/2021 21:12

Honestly, my first instinct was at least £200k and more like £250k ++, unless he's doing loads himself and has mates rates from friends. We have lots of experience, DH is in the building trade and we always buy projects - we are in the process of doing up a dilapidated Georgian 5 bed. It's amazing how costs adds up.

It looks like a gorgeous house but an absolute money pit.

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samandpoppysmummy · 16/01/2021 21:13

My house was similar but in a worse condition than this (it had been cheaply and badly converted to flats and bedsits) and it has cost around £300,000 to refurbish, including all the decoration and landscaping.

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WinstonmissesXmas · 16/01/2021 21:15

Too many people with no knowledge of Oxford on here. It’s in a fabulous area, done well it could be worth a fortune over time. These properties don’t come up often at all.

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coronafiona · 16/01/2021 21:16

£950k in that state?!? ShockShock I'd say you could easily lose half a million in that and more it needs new roof, wiring, heating, plastering, bathrooms, kitchen, garden plus carpentry - doors, windows, skirting... then painting, decorating, carpets, curtains and furniture. I can't believe that's worth 950 k !!

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justasking111 · 16/01/2021 21:20

One nearby has now sold after being reduced. So at that guide price is not going to make him any money.

www.rightmove.co.uk/properties/72282003#/

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Lotusmonster · 16/01/2021 21:20

If he was able to project manage, source materials and undertake some of the less skilled work himself I’d say £80-£100k would be possible excluding VAT. I’ve developed 3 houses myself.

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DerelictWreck · 16/01/2021 21:20

I reckon £150k is about right + VAT. We've just done a similar house in Leeds, plus a basement conversion and single story extension, new roof, all gutted, loft conversion, new bathrooms and kitchens etc for £220k. But we were very good at finding cheaper suppliers, haggling etc. Could easily have been way more.

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MoodyMarshall · 16/01/2021 21:21

Bloody hell OP can't believe your brother is buying a house in Summertown, that's the dream!

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Candleabra · 16/01/2021 21:21

That's a gorgeous house. It's just the sort of house I would love to buy. If I had very deep pockets and lots of contacts in the building trade.

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MoodyMarshall · 16/01/2021 21:22

(Feel free to PM me about Oxford btw. That house would be 2 million if it weren't in a state).

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Lotusmonster · 16/01/2021 21:23

Add another £25k for the windows

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senua · 16/01/2021 21:25

It could be a nice house although it has a lot of stairs, which MN usually doesn't like.
However judging from a quick Google StreetView, when done up it will probably be the Best House on the Street which is not normally a good idea.

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UnpopularPerspective · 16/01/2021 21:28

Definitely needs a full structural survey. The auction puts me off, is your brother experienced with auctions and is he a cash buyer? Depending on what needs doing it could potentially be un-mortgageable, he would need a survey complete before auction and isn’t guaranteed to get the property if the auction goes ahead. Would he try to negotiate a deal before?

Your brother would do well to take a good, experienced builder on a viewing to see if they can see anything obvious and give him an idea of works required/costs. The surveyor might also be able to give a ballpark of costs, however costs are variable will there be major building work? Adjustments to floor plan. Standard of finish Etc.

Agree with others, it is a beautiful house with so much potential but they will have to really love it as it looks like a money pit.

Is it single brick? If no cavity it will be a pig to heat and difficult/costly to insulate. We lived in a single brick Victorian property and it was arctic cold brrrr, gives me chills thinking about it.

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lemonsandlimes123 · 16/01/2021 21:30

www.rightmove.co.uk/properties/77024769

Given that this is a couple of roads away it might help people understand the price

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