Which property would you choose?
We’re currently purchasing a property in our local area, but another house on the street has come up for sale (these properties rarely come to market) see the points on each below I’d be intrigued to see what you would do.
Main points on each below:
- detached
- 5 bedroom, four doubles and a single
- 2 sitting rooms
- dining room
- kitchen/diner
- utility
- cellar
- 2 x toilets on ground floor
- beautiful mature garden
- large plot
- solar panels, on a great tariff (old tariff)
- 199m2 overall
- modernisation required, budget of £120k for all work required, most of which should increase the value of the property given the area. Would move existing small bathroom into bedroom 5 and turn existing bathroom into office. Potential to add en-suite to 3rd floor but not something we’re particularly fussed with.
- potential for future extension to ground floor
- purchase price £650k
We are most the way through the process but another house has come available in the same street, another beautiful Victorian property, albeit semi-detached. And it is tempting us, details below:
- Semidetached
- 5 bedrooms and one en-suite
- toilet on ground floor
- 2 sitting rooms
- dining room
- larger kitchen, recently put in with enough room for either small dining area or seating area
- large garden, albeit not as attractive as the other or as private but still an attractive proposition
- no utility room
- house overall in good shape, still required updated radiators and converting of single glazing to double glazed sash windows and a new master bathroom.
- 260m2 overall
- purchase price £750k
New house potential requires much less work, and the work that is required wouldn’t need to be done in a rush. Bigger internally, with much better flow to living rooms on the ground floor.
Both are affordable given the extra capital we have ready for the renovation of the detached property. Both attractive properties, or at least the detached will be post renovation.
What would you do?