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Property/DIY

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How much would you think this house is worth?

50 replies

1415isgreat · 10/01/2024 12:03

Hi, I am interested in knowing how much you Mumsnetters would say this house would be worth or how much of an offer would be reasonable. I will post link below.

I think it is is overpriced for the amount of work that needs to be done to it, but at the same time I am trying to convince DH that it has a lot of potential because I feel like it does (albeit the cost to get all these things done) and I would really enjoy doing it up and the finished product.

https://www.rightmove.co.uk/properties/141916298#/?channel=RES_BUY

Check out this 5 bedroom bungalow for sale on Rightmove

5 bedroom bungalow for sale in Knot Lane, Walton-le-Dale, Preston, PR5 for £375,000. Marketed by Reeds Rains, Bamber Bridge

https://www.rightmove.co.uk/properties/141916298#/?channel=RES_BUY

OP posts:
nameXname · 10/01/2024 15:47

Re construction - not all timber frame construction is equal. Many modern Scottish houses, for example, are timber frame surrounded by rendered blockwork (retains heat well), with good insulation inside the blockwork and sometime external insulated cladding as well. And also very well insulated roofs, and double or even triple window glazing, too.

It's very hard to judge from the photos, but the walls of the house in OP's link look rather 'thin' in comparison with several Scottish houses that I've seen. What is inside the outer brick covering? Is there a cavity? Or blockwork? And what about insulation? The roof looks 'thin' also. Is that well-insulated?

What are the roof-trusses resting on? This link shows the 'normal' design of a timber roof: https://www.designingbuildings.co.uk/wiki/Timber_roof But from the photos, you can't see what's going on behind the pasterboard.

Without a loft in that big sitting room, you'll need thick insulation. (And the heat will tend to rise up to the top of the space, so at ground floor level that room might be hard to keep comfortably cosy. ) There's also a lot of glass - what is that like? You'd need well-made, well-glazed windows to stop heat escaping. And lots of big curtains.

As I said, I can't possibly judge from the photos. The construction might be fine. But I'd strongly suggest a survey to have a proper look at the solidity of the construction and at the level of insulation/potential heat loss.

Timber roof

Timber roof - Designing Buildings - Share your construction industry knowledge. Timber has been the traditional material for building roofs as far back as early Saxon times and beyond. It is still the roof material of choice for housebuilders and self-...

https://www.designingbuildings.co.uk/wiki/Timber_roof

Falkenburg · 10/01/2024 15:52

I wouldn't touch a timber frame dwelling. You may find getting insurance is very high.

mathanxiety · 10/01/2024 15:53

What's with the fence that looks so thrown together and unkempt?

It looks pretty unloved.

I'd also question the construction and worry about flooding.

idontlikealdi · 10/01/2024 16:01

It looks like a slightly glorified holiday chalet.

You're paying for the land.

DrySherry · 10/01/2024 18:15

outdooryone · 10/01/2024 15:02

There is much, much more to it than that.
In England, only 25% of new homes are timber framed, but in Scotland this is 85%....
The exact nature of the construction is important, not an over-generalisation that 'timber frame = cannot get mortgage".

You are correct, I have little idea what goes on north of the wall ;)

Peanutsnanna · 10/01/2024 18:19

There is a lot of land. Perfectly livable while you do renovations. Reasonably priced.

Seaside3 · 10/01/2024 18:43

Kerb appeal is easily sorted with some nice cladding etc. I'd recommend checking out this woman on insta and see what she's done to her less than attractive house.

Instagram

https://www.instagram.com/mishkashoe?igsh=MTQ5ZGt3djYyejhmMw==

3peassuit · 10/01/2024 18:47

That’s a lot of house for the money. Is there any development potential in the land?

TizerorFizz · 10/01/2024 18:51

You cannot easily reclad timber frame. Throwing good money after bad. It’s unattractive. For me it’s a building plot. It’s has 5 bedrooms shoehorned in and it’s unattractive. Where I live it would be demolished and a Grand Designs home put up. The plot size looks generous but the bungalow is not worth doing up.

Mynewnameis · 10/01/2024 18:53

Possibly not mortgageable but the plot is lovely

BobnLen · 10/01/2024 18:53

It looks like a large holiday chalet

Dymaxion · 10/01/2024 19:10

I like it. Work wise, most of what I can see is purely cosmetic so could be done over the course of a few years. The configuration of the kitchen/utility could be changed to make better use of the space and make it more a living/kitchen area. Maybe partition off a chunk of the massive garage to make a utility room ? 5th bedroom could become an office ?

How long has it been on the market ?

GildedAge · 10/01/2024 19:15

I was expecting a wreck from your description of all the work it needed. It might not be your taste but that doesn’t mean it isn’t perfectly acceptable to most people.

ArchetypalBusyMum · 10/01/2024 19:23

Looks ace!
You could split the plot in two, get planning permission for a brew build and sell it. Clear your mortgage, ahhhh mortgage free, and build a nice new one/let someone else do that. 😁

TizerorFizz · 10/01/2024 22:24

@ArchetypalBusyMum One wonders why the owner isn’t getting pp for two dwellings?

Getthethrowonthesofa · 10/01/2024 22:28

It looks much better inside than I was expecting, and larger. It’s got huge potential and I don’t think it’s in bad nick, it just doesn’t have any kerb appeal from the outside. Pretty it is not.

Whenwasthis · 10/01/2024 22:50

I know the area well, it's decent and demand for bungalows is very strong. It's priced within the upper limits of the reasonable bracket Id say. Certainly not a crazy price.

1415isgreat · 10/01/2024 22:53

Thanks for your replies everyone, putting some great perspectives out there to think about.

OP posts:
Diyextension · 10/01/2024 23:09

PiggieWig · 10/01/2024 15:17

For the same price, you could have this place for example...

https://www.rightmove.co.uk/properties/142336928#/?channel=RES_NEW

Yeah with a back garden just big enough to swing a cat in and all the neighbours overlooking you whilst you do it.

RebelliousOwl · 11/01/2024 04:00

I saw this house the other day on RM as I am viewing houses in the same area.
Having grown up locally it is massively overpriced for what it is and what you could get for similar money. I wouldn't pay more than 280 / 300.
There are a few similar houses in poor state with land around that are hoping for a developer to come along and build more on the plot for the price.

TizerorFizz · 11/01/2024 09:04

@RebelliousOwl in that case, they should get pp before they sell. Are there pp restrictions in this area? That can also make a difference to sale price.

NotFastButFurious · 11/01/2024 10:31

I think you're definitely paying a premium for the amount of land it's got. I agree with your DH that it looks like a converted garage from the outside but you could probably increase the kerb appeal, and after all you don't sit looking at the outside of your own house! It's hard to value because there's nothing similar in the area but when you look at the recent sold houses ones with less land and a perfect finish are in a similar price range so it's probably not far off the mark. Maybe an opening offer of £350k?
Looking at google street view I wouldn't be concerned about flood risk!!

SomewhatSatisfied · 11/01/2024 12:18

The aspect of the house is wrong; main facade should be outfacing. I don't see how you could change this from the photo, so I would either discount asking price, say 30% below metre per squared price for area, with a view to selling, or keeping looking.

TempleOfBloom · 11/01/2024 12:29

I wouldn’t touch it with a barge pole unless:
I had had a good look at the flood risk. The Derwent was recently flooding? It seems to be between 2 rivers , but might be on a hill? Hard to tell from the pics.

Potential motorway noise- go and listen at night when ambient noise is low.

Mortgage issues wrt construction as pp said.

Unless I could get planning permission and budget to demolish and build new to my liking to make the best of the plot. I bet it is badly insulated etc anyway.

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