Been looking for a house for almost a year now. We found one last year, moved into rented accommodation so as not to lose our buyer, then the vendor pulled out. 
So now we've been in rented since October with our 2.5 DS and we have a new DD due at the end of May.
Just viewed a house yesterday which is a probate sale so no chain, I was excited about the potential of the house and the garden backs onto a large park with a gate giving direct access, which is great. It's a 4 bed 1930s semi with fairly generous proportions although the front lounge is a bit tight, no space for our dream L shaped sofa...
Anyway the house needs total renovation from top to bottom, it only has one toilet which is in a separate cubicle not even adjacent to the bathroom, which is very small and has a horrid avocado suite. It has some cracks in the brickwork around the front door which look worrying, it looks like the house has settled a bit in the corner, causing some uneven gaps around the windows by the door. More worrying, the staircase is wonky, the whole thing is tilted to the right so the treads are not level. Not sure if this indicates a structural problem in the house or if it is just the stairs that have shifted but either way will be pretty expensive to fix I'd imagine.
To maximise the potential of the house it really needs a rear kitchen extension and ideally a 2 storey side extension at the front (there is a set back garage with the 4th bedroom on top, this would fill in the space in front of it) which is what some similar houses in the street have done. That would give space for a lovely downstairs WC and utility room. But from reading the extension thread I'd guess this would cost at least £200k and we'd have to move out for the duration and get the builders to do absolutely everything, as we won't have time for DIY.
Also this would put the total spend way over our original budget, as the asking price is already at our budget (offers over £800k) although we wouldn't do the work straight away. But of course that means we would have to live with it in its current state for quite some time, with a newborn and a toddler.
I think we've pretty much decided not to make an offer but just wanted to get the mumsnet take on things and hear any similar stories... 