Homes Under the Hammer buyer adds £106k to value of ‘ramshackle’ home
Homes Under the Hammer: Stunning property transformation
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Homes Under the Hammer visited Trealaw, Wales in a recent episode where Martin Roberts looked around a terraced home which featured a peculiar extension covered by a weak tin roof. The three-bedroom property had a guide price of £29,000 and was purchased by Simon for £62,750. Despite previously appearing on the show, the buyer was concerned about the scale of the job ahead of him.
Simon told presenter, Martin Roberts, that “there was a lot” he didn’t realise was wrong with the property after purchasing it at auction.
Incorrect-sized doors, unlevel flooring and the worse-for-wear rear extension were all major jobs on the list.
A run-down stone exterior gave the property little curb appeal, with a broken front door and old windows in need of replacing.
Despite lacking enticing features, Martin Roberts noted that the modest home was in an up-and-coming part of South Wales, destined for “a massive influx of tourism”.
Simon told presenter, Martin Roberts, that “there was a lot” he didn’t realise was wrong with the property after purchasing it at auction.
On his first visit to the mid-terrace property, Martin Roberts immediately pointed out a “dangerous” feature in the hallway.
A dividing glass wall made of non-safety glass posed a “fatal” risk to those working on the renovation and needed to replacing with safety glass.
Downstairs, a surprisingly large open-plan living area led into a cramped kitchen, set on a lower level than the rest of the floor.
Martin Roberts described the room as being “in a right old state”, with damp flooring, dated green paint and “the most bizarre set of pipe work”.
Upstairs, three good-sized bedrooms filled the space alongside one family bathroom.
Each room was in desperate need of redecorating, though the uninterrupted views of the Valleys offered a unique selling point for the property.
With a budget of £20,000-£25,000 and an eight-month timeline, the Swindon-based buyer planned to transform the house into a cosy rental.
Ten months later, Homes Under the Hammer returned to the house in Treawal.
Simon had replaced the windows and doors to freshen up the exterior. Inside, the strange multi-level layout had been transformed into one seamless, modern living space.
White walls and sleek wooden flooring filled the space lit by ceiling spotlights.
A new kitchen and bathroom had been installed, along with a new ensuite in the master bedroom.
Outside, the extension was structurally sound and had been rendered so it was in keeping with the new modern finish.
The buyer went over budget though the finishing touches were worth the effort.
In January 2022, a local property expert visited the terraced house to value the new and improved home.
He noted that the property was likely to be one of the only ones in the street with an ensuite bathroom, and estimated a sale price of £130,000-£135,000.
This would give Simon a pre-tax profit of £37,250.
Simon said the valuation was more than he thought and planned to keep the property as a rental.
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