I've viewed a house today that is 40k less than another house I already have a sale agreed on (but it's been 5 months and they haven't found anywhere else and my buyer of 1 month is threatening to pull out if they don't find somewhere within 2 weeks!). The houses are comparable in size, but the one I viewed today has more potential to add value with a garage conversion and changing conservatory to orangery. Both are 4 bed extended semi detached.
But this house is owned by a couple in their late 60s or even 70s, who are downsizing to a bungalow. The house was built late 60s and they have lived there for over 40 years. It is pretty dated in a lot of places, the walls not very smooth, pipes not chased in walls, original woodwork which is rather naff if I'm honest. Basically I'd want to chase in all the radiator pipework that is currently on show, replaster all walls and artex ceilings, rip out all the dated fitted wardrobes in 4 bedtooms, replace all skirting and doors, redecorate and new flooring throughout. I don't have very expensive tastes, so I can estimate the flooring costs to around 3-4k. But the rest I'm unsure of. Can anyone give me any realistic ideas? I'm in NW england and have attached the floor plan. I have a budget of around 13k.