House Renovation

[brainbug007]

My wife and I are considering buying our 1st house soon and have come across a 3 bed that's quite far under our budget but is described as needing total renovation. We know it was built in 1952 and has only had 1 owner in that time. We're planning on going along to view it so can anyone advise what kind of stuff we should be looking for in a house this old? We'd expect to have to replace all the electrics, carpets, repaint, and probly replaster. The advert says it has gas central heating so I'm hoping the whole system doesn't need replacing and maybe just boiler that would need servicing/replacing. I would expect the bathroom & kitchen to hopefully be usable, but ugly.. Any other advice on what to look out for and what kind of budget would people recommend for doing up a house like this? We'd hopefully try and do all the grunt work ourselves and only hire in people to do major things like roofing, electrics, and plumbing.