Saturday, December 3, 2022
HomeLifestyle‘What a surprise’: Homes Under the Hammer buyers sell £50k guide price...

‘What a surprise’: Homes Under the Hammer buyers sell £50k guide price home for £300k

Martin Roberts visited Wolverhampton in a recent episode of Homes Under the Hammer, to view a large semi-detached home in need of renovation. He said: “Well, on this very busy main road just outside Wolverhampton is the property I’m here to see. It is a four-bedroom semi-detached.” The house, which was situated on a corner plot, had a guide price of £50,000 plus.

Upon entering, Martin took a look around the home. He said: “It is worth saying before we go too much further, the guide price should reflect realistically what is expected to be achieved at the auction.

“Sometimes that’s not always the case so you do need to do your own research.”

The downstairs of the home had a large entranceway with a small cupboard under the stairs, which Martin said could be turned into a toilet.

Stepping into the front living room, viewers could see it featured a bay window. The Homes Under the Hammer presenter added: “The house is really, really big. What a surprise.

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“Inside has been decorated in a neutral grey and white palette. The front room is looking a little smaller. That’s because some space has been pinched to make a very handy downstairs WC.”

The new kitchen had benefited from new fixtures and fittings, including a new stylish grey floor. The bathroom upstairs also had the same grey flooring and a brand new suite.

All four bedrooms have received the same treatment including new carpet, paint, lighting and doors.

In the end, the twins ended up spending slightly under £28,000, so above their budget. The twins said this was because they went for a high-spec kitchen instead.

A local estate agent visited the home in July 2022 to find out how much they could see the home for.

The expert said: “It’s a really good transformation. The actual finish, skirting boards and everything, all looks fine. They’ve taken their time…It is a really nice house now.

“I think that they would achieve in the region of £240,000 to £250,000.”

However, the brother’s thought that was low and had already had valuations above £300,000.

Taking a valuation of £300,000 means the twins have managed to increase the property’s value by a huge £114,000. They hope to sell the home as soon as they can.



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