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Go for both. Have the fixer as a plan B. You don't know the level of competition for either place yet so neither is a sure bet.
Suspect now is not the time for fixing stuff up - the fact that a developer hasn't swooped in and picked it up is telling you something.
Also something nicer than the shiny place will come up, unless you are balls deep it's Ok to back out and switch if you think it's worth it.
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I went for the fixer, got the keys a few weeks ago. Similar to you - it's all entirely liveable but it's had a family there for 25 years and they haven't changed much in the last... 15 years maybe...
it needs plenty doing but there are enough rooms that once the structural stuff is sorted then it can be done piecemeal.
I'm a bit daunted but quite looking forward to it. Ask me again in a year though. -
How much of a premium are you paying for the shiny? Often agents think that they're worth a hefty bonus amount compared to an average property but in reality once all the furniture is out and everything off the walls it will probably need some bits and pieces to be done, there will be some things you don't like, some stuff that needs replacing, etc.
The idea of putting your own stamp on is nice but it can be knackering. Spending years doing DIY, particularly if working full time, can become quite the drag. Also how hefty is your renovation budget, having to skimp on the stuff you want doing and it end up not like you want is annoying.
Ultimately either is probably the right choice. Whichever you go for you'll have some "what if" moments.
Or hang on for number 3, somewhere in between the two ...
We're now in the privileged position of having to chose between two places to make an offer on. Both are a similar size (+-100sqft) and within a mile of each other. One will need next to no work done and is very shiny. The other needs pretty much everything doing and when it's done, will be miles better than the shiny option (better proportioned rooms, period features*, next to a park etc.).
We're both a little paralysed by the fear of making the "wrong" choice. I think all the discussions we've been having are gearing us towards the wreck, hence the questions about full fat surveys. And are anxious about what other people will think about the decision.
*#shehatesitwhenicallherthat