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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.
Howard
stevo_com
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