What would it cost to renovate this house?

[DblEspresso]

Hi

Looking for some advice as thinking of offering for this house.
www.rightmove.co.uk/properties/115990778#/?channel=RES_BUY
It needs a complete makeover, flooring, kitchen, bathrooms, garden ! Would also be looking to add a loft extension in (around 45 sqm).

I know its a subjective question, but if I am trying to have a decent quality build put in, how much should I budget for all the work together? It would really help me decide how much we should offer as the listed price seems high for a semi in this condition.

Thanks !

The main problem will be finding good builders who can do it in a sensible time frame. Not sure what the waiting times are like in London but around here you are looking at 18 months plus for any tradespeople who know what they are doing unless it is a quick job they can fit round other things.

I would estimate c £200k

Operate your experience in renovating?

We are nearby and our kitchen extension (incl new kitchen) and renovation of 2 rooms (no bathrooms) is going to be 200k.

We spent well above £100k on our (not in the south east). We converted a basement which was already there and added dormers to an attic conversion (also already done). Will only get anything like that back because of rising house prices. Like our house now but would have been more cost effective to get someone else to do the work and buy the house off them!

vendor reduces asking price. 200K seems a lot, like building a new house
Why would they reduce the asking price? It'll have taken work needed into consideration already.

Not a snowball’s chance in hell of getting that in under £200k in current renovation market in London IMO, second one would also swallow £100k easily.

Can’t see it coming in under £200k I’m afraid. I wouldn’t even consider the second house, it needs 100k of work it’s not up to standard

It certainly does need total renovation. I'd say budget for at least £250K

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From the photos it looks like the roof is a tricky shape for a loft conversion, meaning more dormers potentially - back and side? That will add to the cost.
I really like the detached one!

The second one needs new kitchen and bathroom plus redecorating so you’re still going to spend quite a bit on it.

Thanks everyone for your inputs. Bit of an eye opener as we don't have any experience renovating and our DIY experience is limited to painting the walls. Will try to find some builder contacts through some friends who have renovated locally.

Loft extension £40-70K

Rest of house more like £60-80k depending what finish you want and if replastering etc. A fitten kitchen you can get for £2k or £30k depending on your taste, so we can’t give you more than very vague figures!

I also would not make life decisions based on Mumsnet, I’m fond of the site but it’s a very negative place…

I would buy the detached one. The one that needs renovating looks in a bad state and is semi-detached - what is to stop you doing all that work then having shite neighbours or a house of multiple occupation on the other side of the wall? Detached every time - and it looks lovely.

[quote DblEspresso]Consensus seems to be over 200K+
But the problem is that takes it into detached house category.
If I were to spend that much, why shouldn't I just buy this one instead !
www.rightmove.co.uk/properties/116243252#/?channel=RES_BUY[/quote]
That isn't much less grotty than the first one. Have you seen the black stains on those bedroom walls?

I’d have a look at some of the threads about current renovations 2021. Those of us in the middle of it will all tell you not to do this without a healthy budget and a masochistic streak. It’s hell doing renovations at the moment. We are massively over budget and massively over our time frame. Materials and labour are crazily expensive. Don’t go on the basis of people who renovated 3 years ago. Their information won’t be correct

@DblEspresso

Thanks everyone for your inputs. Bit of an eye opener as we don't have any experience renovating and our DIY experience is limited to painting the walls. Will try to find some builder contacts through some friends who have renovated locally.

Wow op

Ambitious to take one this as your first project

Huge job
Huge sums
Big purchase price
No contacts in the trade
And you’ve seen a beautiful comparable renovated property for less than £300k more

I’d start smaller op if I were you

Oh sorry not fully renovated

But much much less big a job!

@cloudtree
Take this advice, OP.
You wouldn’t believe.
Very, very high prices for labour and materials, tradespeople hard to get, may not always turn up, some work very badly done, MDF everywhere - few could make a cupboard like the kitchen one in house 1.

The second house needs work too. part from the big back reception room(with the odd fireplace), it is dated- not as much as the first but would need a new kitchen and bathroom pretty quickly and re-decorated at least. Probably £50,000

It’s not the best time to be planning a renovation - we moved into ours recently. DH has done it before and is quite handy; as is his dad… but waiting times are LONG and costs are up a lot because of Covid/Brexit. Our loft conversion extension was quoted at £30k in March and is now double that.

The cost of extensions doesn’t really factor into house prices as much as you’re linking them, sadly.

But can you afford the second? Lots of people couldn't so would buy number 1 and do it up as they go along. It's liveable in as is.

Electrics - 10k, plumbing 10k, new bathroom 10k depending on how high end (or not) you go. Wall down 3500, new kitchen ? Depends how much you have or want to spent.

Basic loft conversion is £60k, rear extension £60k.

But it can be done as you go along so it's not having to fork out £250k in one go, unlike house 2.

Also, having looked at number 2 again - it needs an almost equal amount of work minus the rear extension. It'd need a rewire fairly soon and that boiler is at least 10 years old. The kitchen and bathroom are really dated.

Definitely buy the detached one. All the building work has been done just decorate to your taste and a much prettier house than the others.