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Doesn't it depend on the local market and need at the time?
My dad's neighbour's place sold a couple of years ago - elderly bachelor whose parents had moved into the place when it was almost new in the mid-1930s, nothing had been maintained/updated for years (no central heating, original windows etc), bought by a young family to live in - they had to spend a bunch to fix it up before they could move in, but they definitely live there now.
hoefla-
Doesn't it depend on the local market and need at the time?
Always! The area is weird, all the old houses are being knocked down and turned in to middling footballer mansions with astroturf gardens. Unless you had similar 'spectacular' plans for the place then you'd buy somewhere modern and cheaper in the next town. No point living in a cold 1930s converted bungalow where doing any work requires unpicking 70 years of modifications that weren't done particularly brilliantly to start with. Nice garden though.
Howard
At some point I’ll have to sell my parents’ house and it will only sell to a developer. There’s too much wrong with it - not through neglect but it’s just not at all modern - that nobody will buy it to live in. After you’ve costed up what it will cost to modernise you might as well knock it down.
In the circumstance where it came to a developer / buyer like you describe it would go to the developer because I know it wouldn’t make it through a sale at the offer price if the offer was made by someone looking for a home.