What would you offer?

[Blomama]

We've seen a 3 bed house that we like in SW London. It's a 1930's end of terrace with a wraparound extension downstairs and an attached garage. Because it's a corner property, the garden is huge. Bigger than anything I've seen in this area. It's 5 minutes walk to the station. The problem is that it's a complete wreck. Will need new wiring, remodelling downstairs and a wall removed with steels to prop it up, new bathrooms, new windows, new flooring/carpet, replastered in many rooms, fitted wardrobes, new kitchen, new white goods, new garage door, new patio layed outside, new sliding/bifold doors and finally decorated. I'm sure I've missed something! It's on the market for £700K but the ceiling price in the area is around £850 for fully renovated and extended 4/5 bed homes (usually with loft conversions).
We are finding it difficult to know what to offer because of the awful condition of the property and the enormous garden which is just so unusual in London. Any suggestions?

The work you have described will cost more than £150-200k, I think.

I agree. We are greater Manchester and we’ve just had new windows in two rooms, rewire of three rooms, boarded and plastered 3 walls and ceilings in two rooms and a gorgeous new bathroom, where everything was moved and the pipes had to be dug into concrete - for £12k. I was expecting a much much higher price from reading Mumsnet threads.

It's new to the market so it's unlikely they'd consider an offer under the asking price yet. They need to see what demand is there, if any.

Keep in touch with the agent and see what happens.

I asked if I can have a second viewing with my builder and they've said they can't accommodate this during the day as they have jobs. They won't give the agent the keys either. Guess that says they aren't that serious about selling.

How strange that they won't give keys to their agent.