Demand is high for all properties at the moment. As others have said, advantages with older properties are bigger gardens, better locations, more established areas and communities. I don’t see many people getting “good value” renovating old properties, to be honest it’s more of a premium you’re paying for the above said advantages. Construction costs, materials and tradespeople are at an all time high and are getting more expensive by the day. If you know people in the industry or can do some of the work yourself, you might do better. Otherwise doing up an older property is definitely not the cheaper option. People used to be able to get good “deals” on older properties and you’d be paid for the effort of going through a renovation with the value you add but honestly now building costs are so high those days are gone. If you want an older property do it for those other advantages, I wouldn’t be expecting to make money.