Homes under the hammer buyer makes £13k on first-ever renovation

Homes Under the Hammer: Amazing house transformation in Surrey

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A Homes Under the Hammer buyer in Newcastle-under-Lyme transformed a “blank canvas” property into a tasteful modern space in her first-ever renovation project. On his initial visit to the property, presenter Dion Dublin pointed out the strong foundations and impressive-sized rooms which made for a great starting point for the buyer to “put their own stamp on”. With a low guide price of £73,000, former accounts manager, Myra placed the winning bid to purchase the property and make it her own.

The semi-detached house was tucked away in a quiet cul-de-sac close to the centre of Newcastle-under-Lyme.

With plenty of useful amenities including a school and a local park nearby, the house was purchased with the goal of turning it into a rental property for a young family.

Solid brickwork, large living space and brand new windows were found at the property by presenter, Dion Dublin, who was “impressed” by the positive appearance of the house.

The kitchen units were dated and in need of being replaced with some minor reconfiguration also required downstairs.

Upstairs, two good-sized bedrooms were joined by a third, smaller space – all with unusually bright colours splashed across the walls.

Outside, a decent-sized garden was filled with gravel and new fencing.

Though the house wasn’t in a bad state, Myra planned to refurbish every inch of it to maximise the potential sale price and profit.

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Before it was sold to Myra for £82,000 at auction, a local property expert estimated that the house could be worth £115,000 after some freshening up and changes to the layout downstairs.

However, buyer Myra and her business partner Eduardo managed to exceed this figure by an impressive £10,000 with their high-quality refurbishment.

The pair planned to do a lot of the work themselves, with a team of builders on hand to help complete the refurbishment in six months.

With no major issues to solve, Dion noted that “everything was in place” for the transformation to go smoothly.

One year later, Homes Under the Hammer returned to the promising semi-detached home to find a brighter exterior with modern finishes.

The brick-built property had been turned into a stunning open-plan home, perfect for a local family to move into.

The old kitchen and living room had been turned into a wide, open plan space with navy blue fittings and sleek white walls throughout.

This was achieved by knocking the odd side room into the main kitchen area to add width and help the layout flow more smoothly.

Wasted space in the downstairs hallway had been transformed into a useful cloakroom, with the upstairs also finished to an incredibly high standard.

Pale blue walls replaced the offputting colours in the bedrooms and a new bathroom suite had replaced the old, stained porcelain fixtures.

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A neat, landscaped garden with a luscious green lawn and a beautiful new patio area stood in place of the dull gravel which once filled the space.

Dry lining and extra finishing touches had added a considerable amount to the pair’s initial budget, bringing it close to £30,000.

In June 2021, the local property agent revisited the home, estimating a sale price of £125,000, giving the pair a  £13,000 pre-tax profit.

With a total spend of £112,000, semi-retired Myra and partner Eduardo managed to boost the value of the property by a healthy £52,000 based on the initial guide price.

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