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January is the perfect time for a refurbishment project… we choose three houses for sale that may fit and range in price from £10,000 to £825,000
- We list three renovation projects with price tags between £10,000 and £825,000
- Buyers will need deep pockets to make it a comfortable family home
- Before embarking on any renovation project, a thorough inspection is worthwhile
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Renovation projects can often appeal to buyers looking for a blank canvas to make their mark on, or even to sell and make a profit.
We look at three different refurbishment projects across 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 price of £825,000 to the lowest price of just £10,000.
We list three renovation projects with price tags between £10,000 and £825,000, including this one in South East London (scroll down for more details)
However, what they all have in common is the amount of money it takes to renovate them.
Buyers will need deep pockets if they want to turn one of them into a comfortable family home.
And they will also need to do their due diligence before taking the plunge, with a thorough investigation being a good starting point.
There’s also the cost of materials and labor, along with making sure you budget for any emergency funds.
Daniel Copley, from Zoopla, said, ‘January is the perfect time to start a new project. For those looking for a new home, there are currently some properties for sale that are brimming with potential.
“A renovation property can offer a buyer a unique opportunity to create a home that is truly their own – but if you decide to invest, watch your budget as the costs can quickly add up.”
Three renovation projects for sale…
1. Three Bedroom House, South East London, £825,000
This house in Petts Wood in South East London is for sale for £825,000 and is being sold by Proctors estate agents
The house needs to be completely renovated to make it a comfortable family home
The three-bedroom property comes to market for the first time in over 60 years
The property is extremely dated but functioning, with this family bathroom in working condition
This one three bedroom house in Petts Wood in South East London is on the market for the first time in over 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 brokers. It describes the property as ‘substantial modernization inside and out’.
It adds that the property offers ‘excellent redevelopment potential as a lovely family home or rebuild subject to planning permission’.
2. One-bed bungalow, Bradford, £10,000
This one bedroom bungalow in West Yorkshire, Bradford, is on sale for just £10,000
The property needs a complete refurbishment and cannot be lived in in its current state
It is auctioned – via Veilinghuis Noordwest – where homes can often be sold for much more than the target price
The floors of this room in the property are in need of repair as they are currently not safe to walk on
This one one bedroom bungalow in West Yorkshire, Bradfordis on the market for just £10,000.
However, it is sold at auctions where homes can often be sold for much more than the target price.
Veilinghuis Noordwest described the building as in need of ‘complete renovation’. It is 1.5 miles from Bradford city centre.
3. Two bedroom house, Wokingham, £345,000
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 who handled the sale – as ‘a little gem’
The property is in need of renovation which would involve taking this kitchen out and rebuilding it from scratch
The property has a brick fireplace that can be uncovered as part of the renovation
This one two bedroom house in Berkshire’s Wokingham is described by real estate agent David Cliff as ‘a gem’.
It has a bay window, a separate entrance hall and a blocked fireplace. It is half a mile from Wokingham railway station and has an asking price of £345,000.