Report Cheap House Too Much Work? in All about buying, selling and mortgages Posted June 7, 2010 I'm after advice should we or should we not? House price: 75k Zoopla estimate for the street: 73k As for nationwide estimates they are all over the place because of few sales. There has been 1 sale per year from 1998 (12.5k) to 2007 (112.5k) before 2007 no house had breached 89k. The house is a gable end terrace, it is a wedge shape(back of the house is the same length as every other in the street the front is larger and the postage stamp garden is smaller). There are three bedrooms all long and thin (widest 7'3'') a tiny bathroom, downstairs large living room and what would be a large kitchen if the chimney was removed now it is just a sink and one cupboard with a large pantry. The garden still has the outhouse. There is on street parking. The house has never been sold. it was built in 1890 odd by one family who built all 6 surrounding streets then continuously rent them out, occasionally they sell one. They are not big on improvements. The house will probably need a rewire, chimney removal in the kitchen, double glazing, new kitchen (fitting cabinets will be fun with no straight walls) bathroom we would make do but would need an over shower, plastering the kitchen and general redecoration, it currently has central heating installed. We have lived in the street before (rented) and we like the neighbors we have family all within 10 minute walk, it is in the catchment for the 3rd best primary school and the best high school in the area (for now we don't need either of these) walking distance to the shops and for one of our works, the car wouldn't get touched at weekends. Downsides are parking can be bad once i had to park 5 streets over after coming back late one night, but usually if you are back for 6pm you'll get a space. The awkward upstairs rooms, the amount of work that would be needed, we also would only be there for 5 - 10 years. Upsides are we like the area we have the money to to put down >50% deposit and still have savings to complete the work, the rents in the surrounding streets currently range from £450 no central heating basic rental to £525 average rental . what do you think ?