Ball park guesstimate?

Just been to look at a house coming up for auction soon. It's in need of total refurb, with nothing _too_ scary... except...

One front corner of the outside walls is making a bid for freedom. Looks like the foundations have done some serious settling, and it's all sagging. Inside, if you peel away the wallpaper where it's been gaffer- taped back into position (yep, seriously), there's a gap in the stonework that you can easily get a couple of fingers in, vertically. Outside's rendered, with big cracks that've obviously been patched many, many times over the year. Standing in the street, you can see where the wall's moved down and away from the roof, probably only a similar amount to that visible inside.

None of this is recent movement, it's taken a fair while to get to that stage. The occupant, now deceased, was clearly very elderly, and all the decor is 1950s at best. The house itself's late 19th century, at a guess, stone-built.

I'm assuming it's going to need that corner (probably 4m of each wall, two storeys) taking down, foundations sorting properly, and rebuilding properly.

There's also a low rear extension containing the kitchen and a couple of "sheds". Needs ripping down and rebuilding from scratch, really. Probably

4m x 5.5m in all.

Any ballpark guesses as to total costs for each of the two? I'm just thinking of the structure, rather than any finish work or even first-fix. There's no real problems with access. It's in town, in the Welsh borders.

Reply to
Adrian
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Walk away now. There are probably (From my own experience with houses of that age) no footings worth mentioning on any of the walls.

If the cracks have been repeatedly patched over, the chances are that it's still on the move due to subsidence from old workings or a well.

If it was cheap enough, and I was buying out of a lottery win, maybe I'd look at it. A similar sounding property I looked at a while ago generated a lot of teeth sucking noises from a local builder and mutterings about 20 grand upwards, and that was only the new extension moving half an inch or so.

Reply to
John Williamson

If it sells (auction, remember) for somewhere around the guide price, there's plenty of scope for that size of bill.

Reply to
Adrian

How much lower than surrounding, sound, properties is the guide price, and don't forget the £20k was a *minimum* for what sounds like a lot less work than your prospect will need.

Reply to
John Williamson

'£1k per linear meter of underpinning and £10k per room' was a quote I got once on reviewing a listed property with subsidence and rot everywhere.

The place I eventually bought was value for the plot alone, and wasn't listed.

Reply to
The Natural Philosopher

The guide is about £100k less than a reasonable estimate for the same place "finished".

I'm sure. That's why I was asking for a ballpark...

Reply to
Adrian

Ta. That's interesting. When you say "once"...?

Surprisingly little sign of rot, except in the usual and utterly predictable suspects like the wooden window frames (single glazed anyway), but it really does need totally gutting.

This isn't listed. I might be daft, but...

Reply to
Adrian

Location is the thing. If it's cheap enough, it might be viable but you need to be experienced in this sort of thing. Also consider total demolition and rebuild. Might be more viable, especially if you can dispose of the rubble on site. (create driveway/parking area etc.) You need to consider the value of surrounding properties and the people in them. Think upon what/how the best house you might build would be influenced by the neighbours (esp. if they are close)

A lot is down to you past experience & whether/what you can undertake personally.

Reply to
harryagain

If it's very localised subsidence, I'd suspect a leaking drain. Any sign that underground drainage might be routed near that location?

Obviously the drain will need digging out and replacing, but that's just donkey work.

The area of movement in the building, is it stone blocks/bricks (i.e rectangular) or natural/rough stones?

If the latter, it might be possible to fix the drain (if it is a drain) and then just do some deep pointing and for it to look reasonable.

Reply to
dom

The crack up the side runs behind a downpipe, and there's a manhole cover at the base of it...

The latter.

Reply to
Adrian

The value minus the work needed was less than the owners had paid for it...:-(

I offered them it and they said they couldn't accept it.

the problems you run into are getting a mortgage for a 'project' and having enough money to do the work..developers will have all that sorted out, and they are the competition.

Reply to
The Natural Philosopher

I was thinking more of how long ago...

Reply to
Adrian

Nothing wrong with sticking a wall back together at the crack once stabilised, if its not leaning out too far.

Underpinning's expensive, so do it yourself when necessary. As long as you can live with any insurer saying omg no.

NT

Reply to
meow2222

1993
Reply to
The Natural Philosopher

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