Homes Under the Hammer buyer boosts house value by £120k but faces ivy and damp nightmare


Homes Under the Hammer host Martel Maxwell was shocked by the amount of ivy the home had when she showed viewers the property before it was sold at auction. The home was located in Hull, a port city in East Yorkshire. Martel said: “I’m on this fairly quiet residential road, which is close to the centre of Hull, to see a three-bed mid-terrace which came with a guide price of just £20,000.

“Here it is. It’s not the best of starts. You’ve got security shutters on the windows and you’ve got a security door.”

Upon entering the home, viewers got to see just how much work it needed doing.

Martel was surprised that the entrance had gorgeous original tiling.

The home came with a spacious hallway, two good sized living rooms as well as a wide kitchen area.

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With a budget of around £20,000, Eunice had plans to be completed with the renovation work in just two months.

Homes Under the Hammer revisited once the renovation work had been completed to see what had changed.

Downstairs, the reception rooms had a lick of paint and new carpets throughout.

The bedrooms were painted in white and grey and new windows had also been fitted.

The kitchen had been fitted with new cream cabinets and there was no sign of any ivy left.

Martel said the property now felt both “bright and light” after having the ivy removed.

Eunice explained: “I wasn’t here to witness the actual removal of the ivy but I had people in, they quoted me and they removed it.

“Thank goodness the ivy hasn’t damaged the structure of the house.”

But did he stay within his budget?

He said: “In the end, I spent just under £30,000 but the transformation was well wroth it.”

Eunice’s all-in costs totalled to £85,000, so how much profit could he make if he sold the property?

With a guide price of £20,000, local estate agents revisited the property to share what price the house could sell for.

One estate agent said: “I’d be confident to suggest an asking price in the region of £140,000.”

That could be a potential pre-tax profit of £55,000 for Eunice.

If rented out, the home could be rented for around £650 per calendar month.


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