Not for insurance purposes – we have seen an opportunity in a run-down house which could be renovated (last use was as an animal sanctuary and the mad old bat that lived there lived to the same standard as the animals) but it is a red brick house without much character. The plot of land it is on is the draw though – nearly 1/4 an acre and with countryside views.
So I was thinking – would it be economically viable to knock it down and start again? The existing property seems (in general) structurally sound and has just has its roof fixed, new guttering, new double glazing and a new central heating system (I think she got it all through some grant) but at the end of the day it is a red brick house and not really with any character.
Very approx overall sq ft of 1,800 over both floors.
Also – it is on greenbelt so I assume we can rebuild to the same floorplan without any planning issues – how about adding a first floor room above an existing double garage?
Thoughts/experiences pls – I initially estimated £80k – £100k to renovate assuming the majority of work done by tradesmen and me / father in law doing what we can.