It might seem like a lot of money to inject into a home still sporting Eighties wallpaper and a troublesome textured ceiling, but every canny buyer knows it’s all about the actual bricks and mortar.
The art of seeing past stained carpets is a skill worth cultivating in London, where property values are heavily influenced by location and square footage — and unmodernised homes are increasingly scarce.
Even the rising cost of renovating won’t dissuade the most dogged decorators, who prize the opportunity to put their own stamp on a home above all else.
Here are 10 London homes with bags of potential, from unconverted lofts to time-warp interiors.
This 3,400 square foot Victorian house is currently arranged as four separate apartments, but an ambitious renovation could restore it to one vast home. Perks include a large back garden and cornicing in the reception rooms.
Bairstow Eves, 02086 881161
Near the Queens Club and Normand Park, this three-bedroom house offers the potential to extend the ground floor and convert the loft – subject to the usual permissions. It’s up for sale with no onward chain.
Lawson Rutter, 020 7385 7000
New Cross, SE14
This bay-fronted, semi-detached house in the Telegraph Hill Conservation Area has plenty of extension and renovation potential. Three double bedrooms, a basement, loft and 46 foot garden are among highlights.
Munday’s, 020 3909 6611
Forest Hill, SE23
A unique four-bedroom home on the sought-after Dulwich Estate with off-street parking for two cars and storage space in a former garage. It has a classic modernist layout, with a utility room on the ground floor and the main living space above.
Mann, 020 3869 5940
Golders Green, NW11
This terraced house, within easy walking distance of Hampstead Heath, has two reception rooms, three bedrooms and an unconverted attic. The paved garden could be transformed alongside the house.
TK International, 0207 794 8700
Dollis Hill, NW10
Characterful features abound at this Victorian house with three bedrooms and a south-facing garden. Stained-glass windows, ornate porch and original front door make for a dramatic entrance.
Camerons Stiff & Co, 020 3835 3574
South Ealing, W5
A four-bedroom house in need of TLC with off-street parking, three reception rooms, two bathrooms and a rear garden. Offered chain-free, it’s within walking distance of the Elizabeth Line at Ealing Broadway.
Ellis & Co, 020 8 900 1919
This three-bedroom Victorian house near Clapham South is in need of modernisation, but offers plenty of potential in its loft and cellar. It occupies a prime spot close to Clapham South tube station and the Common.
Jacksons, 020 8675 6555
Highlights of this Thirties semi include an integrated garage and bigger-than-most south facing garden, plus additional off-street parking and no onward chain. The work required looks to be largely cosmetic.
Barnfields, 020 3907 2775
A time-capsule terrace within walking distance of the river, two tube stations and Craven Cottage. The reception rooms have high ceilings and there’s a third bedroom in the converted loft.
Hamptons, 020 3835 5407