we are doing it, 7 years later
we lived with ILS for 4 months and were exempted from council tax as it was deemed unfit for human habitation
so far we have
rewired
replaced lead pipes
recently got new boiler, pipework and hot water tanks
re plastered around half teh house, including kitchen ceiling, which fell down when we took teh paper off
redone garden including knocking down and removing derelict outbuilding
new bathroom and kitchen, although kitchen is a cheap ex display, as that is all we could afford
stripped out old carpets, sanded and varnished all floor boards, except for the bedrooms which we re carpeted
replaced some single with double glazing
various repairs to the roof , chimmney and flashing
redecoration
new fireplace in lounge
resprayed oven/range fire in kitchen
knocked down two internal kitchen walls, installed RSJ.
and it goes on!!!!