[ad_1]
The family home was dated and had “quirky interior design choices”, according to presenter Martin Roberts. The reception rooms had red floral, swirly wallpaper and brown carpets while the pale blue kitchen had dated cabinets and an old stainless steel sink.
In the lounge, there was a cabinet which appeared to be built into the wall.
There was also an old stone fireplace which would be difficult for the new owners to remove.
The garden was sizeable and included an outbuilding which could be used for storage, as an office space or as a studio or workshop.
The one “fly in the ointment” was the fact the property was leasehold. Martin explained further: “[It’s] not necessarily a problem in its own right apart from the fact there are only 44 years left on the lease. And for mortgage lenders, that is a problem.”
However, the new owner Mark, a former electrician and property renovator, was unperturbed by the length of the lease and was also way ahead of any legal issues.
READ MORE: Method to banish damp clothing smells with vinegar
Eight months later, Homes Under the Hammer returned to check on Mark’s progress.
Mark scrubbed it up well with new doors, windows and the use of a jet washer and paintbrush.
Inside, it was goodbye to the 70s and welcome to fresh, neutral decor throughout.
The old fireplace was ousted and the really unique wall cabinet was also removed.
Mark knocked two walls in the reception rooms and kitchen to create an open-plan kitchen diner.
The bathroom had been brought back to life as were the bedrooms. Mark also had a new boiler and central heating installed.
The garden has had a good trim and the outbuilding has gained some new units.
READ MORE: Homes under the Hammer buyers make £52k profit on Stroud flat
Most of the work was done by Mark with the exception of the plaster and a few other jobs including the electrics and the gas.
Mark managed to remain within his budget too. He said: “The budget on the property hasn’t been too bad. The biggest outlays have been the purchase of the freehold. I think we took a ballpark figure around about £20,000.”
In January 2022, a local estate agent visited the property to value it.
The agent said: “This is my second time in the property and the changes are phenomenal. What the owner has done with the downstairs layout is fantastic.
“The main selling points of this property I think it’s going to be the open-plan kitchen/diner and the modern and neutral decor.
“In this area, there’s a massive demand for three bedrooms and detached properties, especially with the offer of parking.”
The agent said she would market the property with a sales price between £180,000 and £185,000.
For rental, she suggested between £800 and £850 per calendar month.
A sales price of £185,000 would mean a pre-tax profit of £59,500 for Mark.
Homes Under the Hammer is available to stream on BBC iPlayer.
[ad_2]
