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For reference a £50k renovation cost would be maxing out the budget, £100k puts it in completely unattainable territory.
It all depends on your timetable and what you want to achieve but from the photos it looks fine to live in whilst you crack on. Unless there's some hidden horror, making that place nice for 50k looks easily doable.
Thanks all, this is all sounding good.
The house I linked is probably in better nick than most that come up around that price but it does give us some hope that we might be able to make it work. It doesn't help that this is all very theoretical at the moment but I'd assume most places will need at least boiler or electrics replaced and possibly both. I saw one place come up which had no bathroom and the only toilet was an outhouse...
For reference a £50k renovation cost would be maxing out the budget, £100k puts it in completely unattainable territory.