Selling house - Will repairing damp course add value ?

[marcusjames]

A tenant has recently moved out of my buy to let. I have noticed some rather bad rising damp coming through in two rooms. I was already thinking of selling up to re-invest in a new project.

I organised two quotes that came in between £8k and £10k. The house is a 3 bed terrace in Kent and currently valued around £130k.

My options are:

1) Replace damp course (not done before so no guarantee available etc) for around £10k and then replaster, paint.

2) Replaster and paint to make good. A survey will identify the damp but at least it will look a little better on the eyes (some buyers may be unecessarily put off as they lack imagination when seeing the house in a dilapidated state)

3) Sell as is, obviously discounting by a notional amount and aiming to appear to a DIY enthusiast

Any thoughts / advice welcome ?

Thanks

[marcusjames]

Mattt said:

Is it rising damp for sure, and not condensation caused by the tenant?

It does appear to be damp. There were a few signs of it before the tenant moved in. I got a builder to renovate and he blocked the fireplaces before fixing the chimney pointings. Therefore the water leaked through the walls around the fireplace. The tenant was a little hard up and so rarely had the heating on. It therefore never really seemed to clear, in fact, just worsened.

[marcusjames]

MonkeyMatt said:

Do you have any more details or any photos to look at?

Guys, thanks for the help.