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Homes Under the Hammer visited Wantage, Oxfordshire, where Martin Roberts visited a mid-terrace house severely lacking in curb appeal. While the property was well placed in the quaint market town, the unappealing home was an eyesore both inside and out. The brick house, which featured old brown cladding, had a guide price of £100,000, which one buyer saw as an opportunity to add to their property portfolio. Experienced property developer, Joe, made the winning bid of £174,000 at auction and quickly got stuck into the project.
Before even opening the door, the outside of the house looked run-down and neglected – with old window frames and a very small porch placed at the front of the 70’s-style building.
Chipped wooden panels and dirty UPVC cladding made for a poor impression on Martin Roberts, who said it was “not a good start”.
Downstairs, the house had just two rooms with “completely shot” windows, though the presenter noted that they were both a good size.
A big open-plan kitchen made up one of the ground floor rooms but it lacked any form of windows or doors.
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Every inch of the property required attention – from the rotten timber framing at the front and back of the house, to the damp issue upstairs.
While the buyer, Joe, had a big job ahead of him, a local estate agent was confident that with some TLC, the mid-terrace building had “amazing potential” to become a profitable home.
Having renovated a property every year since he was 18, the 23-year-old electrician and property developer was confident he could get the job done in just five months, with a £16,000-£20,000 budget.
Joe had planned “a total rip out and start again” to restore the home, with a new layout downstairs on the top of his to-do list.
Martin Roberts pointed out that the bright, airy living room led out to a “low maintenance but smart” garden which looked nothing like the boarded-up mess which stood before.
Upstairs, the separate bathroom and toilet had been knocked into one spacious room to serve the three updated bedrooms.
In September 2022, the estate agent who had previously visited the property returned to see the final result.
He estimated that the contemporary Wantage property would sell on the open market for between £275,000- £295,000.
This would give Joe a healthy pre-tax profit of £78,000-£98,000, thanks to his efforts in boosting the home’s value by a staggering £121,000.
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