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Is there a particular reason you're going for places that need such work? Are you planning to do it yourself or get people in. How are you planning on funding it, you won't be able to get the mortgage to cover any of the additional costs needed.
aggi-
@aggi Would love a house in a specific set of locations but only doer uppers are in my budget. Be good if somewhere was just dated and didn't need anything straight away. Also seeing it as an investment really not a forever home, and will be letting one double room out to a mate when whatever I get is in a good state. I think if I get a 2 bed flat, can't add much value and have the risk of problems of flat ownership, plus where do 4 bikes go!
If I push myself and get a house, do it up over a couple of years, I can make some money on top of the general market appreciation when I next move and I think this gain would be tax free. Would try and do a lot myself and get people in for other bits.
In terms of funding now, mortgage and deposit gets me to 330 with selling some shares. Got 18k in my vanguard ISA from this tax year which I can liquidate whenever, but don't really want to. I can then access quite a lot selling one holding (got some early inheritance due to a family tragedy when I was two that still affects me daily) which I am desperately trying to get rid of as it is not good having all my eggs in one basket, but already used my CGT allowance for this year and allocated it in the 330 above for the next tax year. Be good to sell off that holding up to the CGT threshold each year, improve the house, and have any further gains from that capital/investment be tax free.
bobble
Pics are definitely daunting. Not bought a house before or got anything to compare to, so really hard to benchmark or come to a view, or put a number on repairing it