The UK property market is one of the hottest property markets in the world. From decent urban houses to commercial buildings and apartments, there’s a property for everyone. Aspiring homeowners and real estate flippers are likely to be attracted by the derelict houses and cottages in the different counties such as Norfolk, and Galloway, among many other locations with beautiful houses for sale needing refurbishment.
Houses that need refurbishment are a hotcake for most investors as it means only putting a little cash into the project and making profits from it. However, you should be careful as this is not always the case. In some cases, you may use more money renovating the house than it could fetch in the market.
Therefore, it’s important to work with an agent or realtor that will help you purchase a house worth every cent. This article discusses some of the houses that need refurbishment.
Types of Houses in the UK That Need Refurbishment
With property prices in the UK continuing to rise, it’s no surprise that more and more homeowners are opting to refurbish their homes rather than move.
The right renovations can completely transform a property and add significant value to your home, but it’s not always easy to know where to start.
Here are the most common types of houses that need refurbishing:
Cottages
The architectural style of cottages is based on houses built in rural areas that were meant to be used as homes for agricultural workers. These cottages had a small footprint, but they tended to have stone foundations, walls of wattle-and-daub, or brick with thatched roofs.
Today, this building style is still prevalent in the UK, even though it’s no longer just used by farmworkers. Cottages are also known for their charming gardens and low fences along the roadside. While many homes still have these features, other cottage styles have been adapted for modern living—some even have garages.
The English people have a history of renovating historic houses and cottages while still keeping many original features. It is not uncommon to find beautiful period homes that have been well maintained. Take, for example, a townhouse in the UK; with its original front door. It’s listed as needing total renovation, but it might be worth saving even in its current condition. These houses can be yours for $200,000.
Detached Houses
Detached homes are the most common type of house in the UK; they’re defined by the fact that they share no walls with any neighbouring houses. This means there’s a large amount of space around you, which provides a greater sense of privacy than other types of houses and makes it easier to adapt your residence to your own needs.
These homes can be anything from a small cottage to an enormous estate, and the price range is equally wide-ranging. There are numerous options for those who want a detached home. The average price for a detached house in London is about £400,000 (about $480,000), although some properties cost more than this.
Detached houses can be independent, with gardens, driveways, and garages. Most detached houses have three or more bedrooms, which is ideal for families. Some come with large front and back gardens, more significant than other homes, so you have to be prepared!
Refurbished detached houses come in various styles, including Georgian townhouses and Victorian villas. You can also find some real gems if you’re prepared to look further away from London; some excellent properties are listed with estate agents in Kent, Essex.
Semi-Detached Houses
Semi-detached houses are some of the most common types in the UK, and they are joined to another house by a shared wall, with a garden separating them. These houses can vary in size, but you can expect three or four bedrooms and usually one main bathroom.
These houses can be found in every town and city across Britain but are often more prevalent in larger cities where space is premium. Semi-detached houses will usually range from £100k up to £200k.
These homes typically have three or four bedrooms, one or two bathrooms, and a kitchen with an open floor plan. Many people find semi-detached houses very attractive because they’re spacious and private while affordable; they’re ideal for young families and couples who like having plenty of room. However, there are some drawbacks: these homes can be challenging to maintain due to their large size, lack of storage space, and outdated style (which makes them feel much older than they are). Stephen Fletch Architects is an example of a semi-detached house in the UK.
Bungalows
Bungalows are among the most affordable homes in the UK. These single-story houses are sometimes associated with retirement communities, but you can find a wide range of bungalow styles for less than £300,000; some also range even higher. Some homes in this price range need a few repairs, but these UK houses can be great bargains if you have the time and skills to do some updating.
Single-story homes are perfect for residents who are tired of going up and down the stairs several times a day.
As such, they’re popular amongst elderly residents and young families. These homes are also a great option if you have mobility issues or problems with mobility that affect your ability to use the stairs, whatever your age. They’re also a good choice if you have young children or pets, as they don’t need to be supervised when going up to their bedroom or loft playroom.
If you’re interested in buying a bungalow, a wide range of properties is available from £50,000 to £2m and above. One of the most famous bungalows in the UK is The Broad Oak, located just some distance from the ‘Warren’ area of Crowborough.
Houses for Sale Needing Refurbishment in UK FAQs
How do I find houses for sale needing refurbishment in the UK?
One of the best ways to look for property auctions that feature homes needing renovation. The homes get listed monthly, and you can quickly check what’s available.
Is buying houses needing refurbishment worth the cost?
It depends on the state of the house and what renovations are needed. If the house is structurally sound and needs cosmetic improvements or updating, then it can be a great investment to improve its value and sell it off again quickly.
Are there government schemes that support the purchase of houses needing refurbishment?
The government allows individual councils and local housing authorities to designate certain areas requiring renovation. There are specific programs to encourage people to buy property in those areas—one loan scheme offers up to £25,000 toward renovations. You see more information on the citizen’s advice here.
You may also be interested in:
- Abandoned Mansions In The UK
- Worth Decorating a House Before Selling? (Answered)
- Can You Get A Mortgage To Renovate A Property?
- Houses In Need Of Renovation