10 homes with renovation potential

Oak Farm in Suffolk is a property seeking a buyer with the money and commitment to restore it to its former glory, pictured here, after extensive fire damage in 2013. Photo: Fenn Wright

No one can predict with certainty where home prices will go, but a carefully planned and well-executed renovation is almost guaranteed to add significant value to any property.

Whether you want to live in it, rent it out or resell it once it’s completed, to maximize profits you need to set a budget, set aside an emergency fund, be realistic about the scope of the project and what you can do yourself and what you can’t, and get detailed quotes from contractors.

Read more: Real estate: 8 budget-friendly stately homes for sale

All of these properties for sale require varying degrees of work so ask a local real estate agent what they will be worth when refurbished, sit down and do the sums.

1. Middlesborough, target £5,000+

Middelborough.  Photo: Allop

With some hard work this property could be converted into a modern two bedroom home. Photo: Allop

You don’t have to step into this terraced house to realize it needs a lot of attention – which is a good thing as it is in such a sorry state that internal viewings are not possible.

However, it’s not often you’ll find a property that costs less than a used car, and with hard work, it could be transformed into a contemporary two-bedroom home. It will be auctioned on December 15 — find out more on Allsop.

2. Leyland, Lancashire, offers more than £180,000

Leyland, Lancashire.  Photo: Jopa

It would be relatively easy to adapt the layout of this property and convert the unused attic space into another bedroom or office. Photo: Jopa

Located in a quiet cul-de-sac, convenient to schools, shops, Leyland station and access to the M6, this spacious chalet bungalow has been well maintained but is now crying out for modernisation.

Leyland, Lancashire.  Photo: Jopa

This Lancashire bungalow is crying out for modernisation. Photo: Jopa

Two of the three bedrooms are on the ground floor along with the bathroom, although it would be relatively easy to adapt the layout and convert the unused attic space into another bedroom or office. For more information, please contact Yopa.

3. Money, London SE20

Penge.  Photo: Foxtons

The decor in this London house is rather drab, but a few cans of paint would make a huge difference. Photo: Foxtons

At nearly 700 square feet, a basement for storage, high ceilings, and a wide bay window in the living room, this historic conversion is not only big for a single room, but has great bones.

They need to be fleshed out as the decor is rather drab, but a few cans of paint would make a huge difference.

Only 57 years remain on the lease, but it can be extended upon completion at an additional cost. Through Foxtons.

4. North Creake, Norfolk, £325,000

North Creek, Norfolk.  Photo: Bedfords

This Norfolk cottage is in need of a full refurbishment. Photo: Bedfords

A stream runs through the grounds of this traditional brick and flint cottage, in a pretty village three miles from the trendy – and much more upscale – Burnham Market and five miles from the coast.

Consisting of a kitchen/family room opening onto the west facing garden, a sitting room, dining room, ground floor bedroom and bathroom with two further bedrooms on the first floor, it is in need of a full refurbishment. Available at Bedfords.

5. Worlingworth, Suffolk, £425,000

Worlingworth, Suffolk.  Photo: Fenn Wright

This Grade II listed building is in need of extensive renovation to restore it to its former glory after fire damage in 2013. Photo: Fenn Wright

The Grade II listed timber framed Oak Farm is looking for a buyer with the money and commitment to restore it to its former glory after extensive fire damage in 2013.

The three-storey farmhouse is believed to date from the 17th century and before the fire comprised a sitting room, a dining room, a study, a kitchen/breakfast room with an original bread oven in the utility room, four bedrooms, three bathrooms, several attics and a thatched roof. Please contact Fen Wright.

6. The Defensible Barracks, Pembroke Dock, Pembrokeshire, offers more than £500,000

The Defensible Barracks, Pembroke Dock, Pembrokeshire.  Photo: Strutt & Parker

This Victorian fort was built for the Royal Marines and housed several highly regarded regiments. Photo: Strutt & Parker

It will take a lot of time, money and experience to revive this monumental former barracks, which is a listed monument, as a residential development or even a hotel.

Overlooking the town and dockyard with the sea and countryside on either side, the Victorian fort was built for the Royal Marines and housed several highly regarded regiments, featuring famous residents including Gordon of Khartoum, who became a national hero during the Crimean War and Arthur Lowe, who played Captain Mainwaring in the BBC series Dad’s Army.

The Defensible Barracks, Pembroke Dock, Pembrokeshire.  Photo: Strutt & Parker

A lot of time, money and experience will be needed to breathe new life into this monumental former barracks (Grade II*). Photo: Strutt & Parker

Large sash windows and impressive stairwells are among the original features, and the Georgian-style square surrounding it is said to be a lush communal garden. Via Strutt & Parker.

7. Stresa, Italy, €820,000 (£710,181)

Villa in Stresa, Italy.  Photo: Stresa.biz

This Italian villa now looks rather tired and consists of a living room, dining room, kitchen, three bedrooms and three bathrooms. Photo: Stresa.biz

This 1950s villa is located in an idyllic spot a few meters from Lake Maggiore and offers a breathtaking view of the Borromean Islands.

It now looks rather tired and consists of a living room, dining room, kitchen, three bedrooms and three bathrooms.

There is also a small two-room apartment in the basement with independent access from the garden, so once converted it could be rented out as holiday accommodation. For sale via Stresa.biz.

8. Stroud, Gloucestershire, £845,000

Stroud, Gloucestershire.  Photo: Hamptons

This handsome Grade II listed home is looking for a new owner – and some love. Photo: Hamptons

Now’s your chance to put your own stamp on a Georgian gem, as this handsome Grade II listed home is looking for a new owner – and some love.

Stroud, Gloucestershire.  Photo: Hamptons

This Gloucestershire property is mainly in need of cosmetic improvements. Photo: Hamptons

Mainly in need of cosmetic improvements, it is set over four floors and has eight bedrooms, three reception rooms and numerous original features such as sash windows, plasterwork, paneling and fireplaces. Read more about Hamptons.

9. Chelsea, London SW3, £3 million

Chelsea, London.  Photo: Savills

Upgrading this four storey town house would make financial sense as refurbished properties on the same street have sold for over £4 million. Photo: Savills

Upgrading this four storey town house would make financial sense as refurbishment opportunities are rare in the area and refurbished properties on the same street have sold for over £4 million.

Chelsea, London.  Photo: Savills

This house can become a fantastic family home after reorganization and expansion. Photo: Savills

At the moment there are six bedrooms, two bathrooms and a small kitchen and study, but after reconfiguration and extension – subject to planning permission – it will be a fantastic family home. Contact Savills.

10. Cap d’Antibes, France, 3.5 million (£3,032,953)

Cap d'Antibes, France.  Photo: Carlton International

This property in Cap d’Antibes includes five ensuite bedrooms, a large terrace for alfresco dining, a Jacuzzi, a swimming pool and a beautifully maintained garden. Photo: Carlton International

While this dreamy villa could do with a refurbishment, this is unlikely to be high on the new owners’ priority list as the setting, views and balmy climate will make them want to spend all their time outdoors.

Cap d'Antibes, France.  Photo: Carlton International

This French villa could use a makeover. Photo: Carlton International

Surrounded by greenery, so very private, it overlooks the blue waters of the Mediterranean and includes five ensuite bedrooms, a large terrace for alfresco dining, a Jacuzzi, a swimming pool and a beautifully manicured garden. Via Carlton International.

Watch: How much money do I need to buy a house?

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