Posts tagged ‘Wreck of the Week’
The Property: A detached barn for conversion
The Place: Gimingham, Norwich
The Price: £80,000
The Pain: The main issues here are that this is quite a small building – 700 square feet – and that the planning consent is for a holiday residence only. Aside from that, it looks like a relatively straightforward conversion.
The Gain: It’s in pretty good shape and won’t break the bank to convert – the agent thinks you could manage it with a budget of £50,000-£60,000.
It will be worth around £220,000 when completed, which is not bad at all.
It’s very well located just 2.5 miles from the coast and four miles from Mundesley, which has a small high street served by local shops. It also has a medical centre, a library, a post office, a primary school and three pubs.
The Agent: Barn Masters (Tel: 0843 2823 467)
The Property: Grade II listed Methodist chapel with attached Sunday school.
The Price: £150,000 Guide
(Click on pics for more images & property description.)
The Pain: It’s listed and there are a few restrictions here that won’t suit everyone. The chapel must be kept as an office or for light industrial use while the school house can be converted to residential use.
In the chapel, you can’t remove the pews, so you’ll have to add a false floor above them. You can’t remove the organ either. Or the headstones in the garden.
The agent thinks it will cost around £50,000 to convert.
The Gain: This is an ideal set up for someone looking for a live/work unit in a lovely rural location. The agent says artists, yoga teachers and the like are showing an interest.
Tavistock is a thriving market town (voted best market town in 2003) and is situated on the edge of the Dartmoor National Park in West Devon – so this manages to combine access to town life with that rural getaway you’ve dreamed of.
The Property: A disused Victorian water tower plus two gatehouses.
The Place: London SE11
The Price: £995,000 for the three properties, or £395,000 for the water tower, £350,000 for gatehouse 1, and £250,000 for gatehouse 2.
The Pain: Eight floors, all of them Grade II listed, with a water tank on the top. This is a challenging project, and if you don’t manage it well, it could very quickly become an expensive one.
The Gain: It’s unique, it has amazing potential and it could be your big chance to do the whole Grand Designs thing. Nice view from the top as well!
The Agent: Daniel Cobb, Tel: 0843 2834 915
The Property: Grade II listed barn for conversion
The Price: £190,000 (Guide)
The Pain: It’s listed, and in pretty bad shape, so don’t expect this to be easy.
The Gain: It has planning permission for two three-bed houses – but it may also be possible to convert it into one large home (subject to permission).
The agent reckons the two homes option will result in properties worth around £250,000 each, so if you keep costs under control there’s a good return here for a developer.
If you’re a lifestyle buyer, the single option is probably more attractive – that vast internal space and vaulted ceiling could look really spectacular.
It will, the agent thinks, be worth around £450,000-£500,000 as a single home.
Bardney is a popular village which lies to the east of Lincoln (approx 12 miles). It has a post office, butcher, school, doctor’s surgery, pharmacy, medieval centre and a railway cycle path which is approx 9.5 miles to Lincoln.
The Agent: Savills (Tel: 0843 2821 659)
The Property: The Old Girls School
The Place: Butterwick, Boston, Lincolnshire
The Price: £199,950 (Guide)
The Pain: This is Grade II listed and quite old (c.1859), and as a consequence you’ll have to tread carefully with your conversion plans. Any building this old has the potential to throw up costly surprises.
The Gain: It’s a charming old Victorian structure with some fine period features, including a tumbled gable, a projecting chimney stack, mullioned windows with cast iron lattice casements and fish scale tiled roofs.
The large central room with a timbered vaulted ceiling presents an interesting challenge: it’s a fantastic space that measures 39’11″ x 20’0″. Do you carve it up or keep it as is?
The agent estimates that it could cost £50,000-£75,000 to convert and if some of the adjoining land is included it could fetch £300,000 when completed.
The village is just down the road and has a pub, a general store, a post office and the Pinchbeck Endowed CE School.
The Agent: Savills, Lincoln (Tel: 01522 508 900)