January is the perfect time for a renovation project… we pick three homes for sale that may fit the bill and range in price from £10k to £825k
- We list three renovation projects with price tags between £10k and £825k
- Buyers will require deep pockets to turn them into a comfortable family home
- Getting a thorough survey is worthwhile before starting a renovation project
Renovation projects can often appeal to buyers who are looking for a blank canvas that they can put their stamp on, or even to sell and make a profit.
We look at three different renovation projects around the country, including one in South East London, one in Wokingham and a third in West Yorkshire.
They have contrasting price tags, ranging from the highest at £825,000, and moving through to the lowest at just £10,000.
We list three renovation projects with price tags between £10k and £825k, including this one in South East London (scroll down for more details)
However, something that they all have in common is the amount of money required to renovate them.
Buyers will require deep pockets if they want to turn any one of them into a comfortable family home.
And they will also need to do their due diligence before taking the plunge, with getting a thorough survey done being a good starting point.
There is also the cost of materials and labour, along with making sure you budget for any contingency funds.
Daniel Copley, of Zoopla, said: ‘January is the perfect time to start a new project. For those on the hunt for a new home, there are currently some properties for sale that are brimming with potential.
‘A renovation property can provide a unique opportunity for a buyer to create a home that’s truly their own – but if you do decide to invest, ensure you budget as costs can quickly mount up.’
Three renovation projects for sale…
1. Three-bed house, South East London, £825k
This house in South East London’s Petts Wood is on the market for £825,000 and is being sold by Proctors estate agents
The house needs to be completely renovated in order to turn it into a comfortable family home
The three-bedroom property is on the market for the first time in more than 60 years
The property is extremely dated but is functioning, with this family bathroom in working order
This three-bedroom house in South East London’s Petts Wood is on the market for the first time in more than 60 years.
It is a spacious cottage within walking distance of Petts Wood and Orpington mainline stations.
It is on the market for £825,000 and is being sold by Proctors estate agents. It describes the property as requiring ‘substantial interior and exterior modernisation’.
It adds that the property offers ‘outstanding re-development opportunities as a lovely family home or re-build subject to planning consents’.
2. One-bed bungalow, Bradford, £10k
This one-bedroom bungalow in West Yorkshire, Bradford, is on the market for just £10,000
The property needs a complete overhaul and cannot be lived in while it is in its current state
It is being sold at auction – via Auction House North West – where properties can often be sold for much more than the guide price
The floors of this room in the property need to be fixed as they cannot be currently safely walked on
This one-bedroom bungalow in West Yorkshire, Bradford, is on the market for just £10,000.
However, it is being sold at auction where properties can often be sold for much more than the guide price.
Auction House North West described the property as in need of ‘complete renovation’. It is 1.5 miles from Bradford city centre.
3. Two-bed house, Wokingham, £345k
This two-bedroom property in Berkshire’s Wokingham has an asking price of £345,000
The house is described by David Cliff – the estate agent handling the sale – as ‘a little gem’
The property needs to be renovated, with this kitchen torn out and redone from scratch
The property has a blocked brick fireplace that could be uncovered as part of the renovation
This two-bedroom house in Berkshire’s Wokingham is described by estate agent David Cliff as ‘a little gem’.
It has a bay window, a separate entrance hall and a blocked fireplace that could be uncovered. It is half a mile from Wokingham train station and has an asking price of £345,000.