Homes Under the Hammer buyer raises value by £28,000 – replacing bathroom for just £35


Visiting a property in Sheldon, Country Durham, Homes Under the Hammer presenter Martel Maxwell said: ‘It’s a great place. A few minutes walk from the town center with all its amenities and in an area dominated by terraced houses… I’m here to see this two bedroom mid-terrace which is on offer with a guide price of over £30,000.”

Upon entering the property, viewers were able to see the state of the property which had a small hallway at the entrance.

Martel said the living room had lots of light with double glazing which looked relatively new.

Despite a positive start, Martel noted several traces of humidity on the walls and floor.

To the rear of the property was a fairly long galley style kitchen with plenty of cupboard space.

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A sleek new bathroom had been fitted with white tiles and a white suite and new paint and carpeting had been placed throughout.

The room had been remodeled with gray carpeting and white and sage green walls.

Along with using DIY tips and tricks, John has also managed to get a lot of his items on the second-hand market.

The owner said he bought his kitchen cabinets for £160 second-hand and then repainted them for a more modern look. John added that his bathroom cost him £35 online.

In the end, John spent around £15,000 fitting out the property, slightly more than his budget of £10,000.

A local real estate agent visited the house to see how much it would now be worth on the real estate market.

The expert said: “It’s nice, it’s well done, nicely decorated. The problem with the property is that it has a downstairs bathroom and there is no way around it.

“But I think the new owner of the property has done a very good job. In today’s market I think the resale value of this property is in the range of £55,000-£60,000.

By taking the upper figure of £60,000, John managed to raise the price of the house by £28,000 without moving the bathroom.

John had planned to live in the house for the winter months before building up his property portfolio.


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