Originally Posted by Blackhood
The trouble with that kind of place is that its a labour of love. You could buy it for $1m, sink another $300,000 into renovations and it would still only sell to the guy who wants an "Albion Castle". places like this are reasonably common in the UK because they are project-lovers dreams. Passed from one project to another and never really realising their full magnificence. The classic muscle car of the property world as far as I can see.
I wouldn't do much of anything to it. It's a not the kind of fixer-upper that really requires lots of fixing and modernizing. The home's greatest asset is its rusticity. I'd rip that boring kitchen out, but I'd do very little modernizing.
This room could use some work. That railing is junk. I might take that loft out and turn it into a large studio or library to utilize the tall ceilings. Fix the wall color.
I'd swap the concrete floor for permeable brick paving/bonsai fescue, landscape the walls with ivy, plant some groundcovers, add a couple vertical trees like Norweigan maples, add some topiary, and maybe turn that canopy area into an outdoor kitchen with a stone oven. It could be a great place for a party.
Besides that, I'd just leave it.