Active discussions

Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Talk
Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Original poster

4 bed ‘real’ doer upper, only £80k though

40 replies

HellsBalls · 26/12/2024 07:56

Looking at the lower end of the doer upper market, I found this gem.
Seems the current owner has bitten off more than he can chew and needs a sucker, sorry, savvy investor, to rescue him.
https://www.rightmove.co.uk/properties/156114977#/?channel=RES_BUY

Check out this 4 bedroom terraced house for sale on Rightmove

4 bedroom terraced house for sale in High Street, Boston, PE21 for £80,000. Marketed by Bruce Mather Ltd, Boston

https://www.rightmove.co.uk/properties/156114977#/?channel=RES_BUY

OP posts:
HPandthelastwish · 26/12/2024 07:59

You get a lot of stairs for your money but not much living space. Looks far too close to the river, I bet the ground floor floods

EatingSleeping · 26/12/2024 08:03

There's obviously something wrong with it if it needs cash buyers only so the breezy talk of a fresh lick of paint doesn't convince me in the slightest. I'm sure with deep pockets it could be lovely but having experienced home flooding it's such a heart breaking thing especially if it happens multiple times

westisbest1982 · 26/12/2024 08:07

It's on a main road, so will be noisy to live there. Might be good as BTL if you can afford to do it up,

user1492757084 · 26/12/2024 08:11

Can you live in it with minimal work while you finish it off?
Is it in a position that you would like to live in?
Do you have a builder friend tohelp you assess?

Cremeul · 26/12/2024 08:11

It grade 2 listed so any work at all, inside or out would need to go through planning consent. The new owner is also liable for breach of planning if there's been any unauthorised work done by previous owners. Love a Georgian house though, and it could be amazing with TLC and lots of £££

SapphireOpal · 26/12/2024 08:42

HPandthelastwish · 26/12/2024 07:59

You get a lot of stairs for your money but not much living space. Looks far too close to the river, I bet the ground floor floods

Not just the ground floor but it looks like it's got a basement as well...

BCBird · 26/12/2024 08:45

Beautiful building

Haggia · 26/12/2024 08:48

Love the “property mostly renovated” description! Blimey.

It looks damp as all hell to me, those white walls look like they could peel away.

Original poster
HellsBalls · 26/12/2024 08:48

user1492757084 · 26/12/2024 08:11

Can you live in it with minimal work while you finish it off?
Is it in a position that you would like to live in?
Do you have a builder friend tohelp you assess?

I wouldn’t touch it with a barge pole. Everything seems to be knackered. In picture 2, an acrow holding up the stairs. The amateur plumbing in the bathroom and the electric water heater for the bath. Then all the weird angles and sloping everything.
Saddest of all, is someone does live in it.

OP posts:
soupfiend · 26/12/2024 08:49

The listing would put me off, but its lovely, looks like he probably just ran out of money to be honest and probably finding it difficult with the listing

SoNiceToComeHomeTo · 26/12/2024 08:50

Steer well clear.

JaninaDuszejko · 26/12/2024 08:51

Looking at similar properties nearby there is no way you could upgrade it properly and make a profit when selling it. Gorgeous though. Imagine how many millions that would cost in London!

Original poster
HellsBalls · 26/12/2024 08:51

soupfiend · 26/12/2024 08:49

The listing would put me off, but its lovely, looks like he probably just ran out of money to be honest and probably finding it difficult with the listing

He’s ran out of money after apparently spending less than 20k. It needs 10x that to make this place what it should be.

OP posts:
IbizaToTheNorfolkBroads · 26/12/2024 08:52

Boston town centre is largely at risk of fkooding

ApparentlyRockBottomHasABasement · 26/12/2024 08:53

They bought it for £85k 2 years ago. I feel so sorry for people in this situation but they must have gone in blindfolded.

soupfiend · 26/12/2024 08:55

HellsBalls · 26/12/2024 08:51

He’s ran out of money after apparently spending less than 20k. It needs 10x that to make this place what it should be.

Edited
Show quote history

Yes probably, peoples circumstances can change, their finance route dries up, or they miscalculate, it happens all the time in property, someone takes a gamble and it pays off, and someone takes a gamble and it doesnt pay off, thems the breaks

It would be foolish to spend 200k on a property in Boston to be fair, like that. Unless you want to live in it, it would be rented out, you'd never get the investment back

Original poster
HellsBalls · 26/12/2024 08:56

ApparentlyRockBottomHasABasement · 26/12/2024 08:53

They bought it for £85k 2 years ago. I feel so sorry for people in this situation but they must have gone in blindfolded.

I feel more sorry for the tenant(s).

OP posts:
HidingFromDD · 26/12/2024 08:56

nearby none 'dooer uppers' are only going for £30k more and it'll cost a lot more than that to finish. They're already selling at £5k less than they bought for, I'm guessing it'll end up going to auction for around the 50-60k mark

JollyHollyMe · 26/12/2024 08:57

It is one of the cheapest places in the country to live

SydneyCarton · 26/12/2024 08:57

I can’t believe someone pays £700 a month to live there!

Anyone else suspicious that the “independent estate agent” marketing it is also the mug who bought it owner?

VodkaCola · 26/12/2024 08:59

Do you know Boston? It's an absolute dump and there's a reason that houses are cheap there!

EdithStourton · 26/12/2024 09:04

Cremeul · 26/12/2024 08:11

It grade 2 listed so any work at all, inside or out would need to go through planning consent. The new owner is also liable for breach of planning if there's been any unauthorised work done by previous owners. Love a Georgian house though, and it could be amazing with TLC and lots of £££

You can do a lot to the interior of a Grade 2 without listed buildings consent. You can also do maintenance to the outside provided you you don't change the appearance (for example, you could repair the existing front door and repaint it in a colour that in keeping with the house). But if you do need LBC, though, it gets expensive as you have to get drawings etc.

Anyone thinking of buying it needs to get a full survey, and then send a builder in, with the survey to hand, to quote. Could be a lovely house, but I'd also want an accurate assessment of the flood risk.

Mumofteenandtween · 26/12/2024 09:06

SydneyCarton · 26/12/2024 08:57

I can’t believe someone pays £700 a month to live there!

Anyone else suspicious that the “independent estate agent” marketing it is also the mug who bought it owner?

I thought that but then I had a thought……

It is very very close to Boston Grammar School which uses “distance” as the tie breaker when more boys pass the test than there are spaces.

I strongly suspect that there is a 10 year old boy living there……

WinterCrow · 26/12/2024 09:12

That house has got 'divorce' written all over it.

Blarn · 26/12/2024 09:34

Thats the kind if property that probably needs flagging with the LA. 'New carpets throughout' look like they have just been laid on top of the floorboards so it doesn't fill you with confidence about the new boiler or standards of electrical work. Poor tenant paying £700 amounts to live in that dump.