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Mate rang me and asked the question re cost full rewire 1980's 2 bed bungalow. I then informed him as it was 1980's, it wouldn't (shouldn't) need a rewire. OK subject to inspection.
When I was on the tools, I have in fact rewired a house similar age as the electrical installation was hacked to bits and altered so much by the owners it was unbelievable. I assumed at the time that it was a one off.
Ive seen similar to be fair, during refurbs I’ve done. But I’ve seen similar aged properties which were in a pristine condition from the day they were installed.
I’d just give your mate these figures, if he’s serious with purchasing it, and has any concerns, have an EICR conducted before actual purchase. Dependant on the report, you could then negotiate.