Homes Under the Hammer buyers make £120k profit thanks to ‘tremendous’ job on Luton home


Homes Under the Hammer presenter Tommy Walsh visited a terraced house in Luton, a popular Bedfordshire town in the UK. The town is just over 30 miles north of central London, making it a great commuter town for residents. Tommy said: “If it’s good transport links you’re after, then this residential street is a very good spot. It’s only half a mile from the railway station, and if you have to travel further afield, it’s just a mere three miles to the airport.

“I’m here today to look at this two-bedroom mid-terrace with a guide price of £100,000. Cor, this must be the smallest house I’ve ever been in, I think.”

Stepping through the front door took you straight into the “small” reception room which needed complete renovation including new flooring and a lick of paint.

Tommy spotted a radiator which meant the house already had a central heating system.

As the presenter headed down the narrow property, he said: “Hmm, this staircase, now, this wouldn’t be allowed today.

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Inside, the living room was looking much larger thanks to the decision to remove the chimney breast. It was also painted white and had new wooden flooring to match the neutral theme the couple were going for.

The kitchen was now another reception room with sleek lighting and a door with access to the garden. The fridge had found a new home in the cupboard under the stairs, a clever way of creating more space in the home.

The new kitchen had been moved to the rear of the property which featured a stylish marble tiling on the walls and a black worktop. It had also been fitted with new appliances and modern overhead cupboards to maximise storage space.

The marble tiling carried on into the bathroom which was situated just behind the kitchen. It had a brand new modern suite including a bath, toilet and sink with storage.

Upstairs, the bedrooms were freshly painted with a neutral carpet. They also had the addition of a curtain pole and new doors. In the end, the couple spent just over £16,000 on their project, spending six weeks to complete the home.

A local estate agent visited the property to see just how much their home could now sell for. The expert said: “The first time I entered, it was hard to stand inside the property, but now the owners have done a tremendous job.

“I think the standard of finish is at optimum level, and nobody could do anything extra. In my opinion, if we were to market this property for sale, we could easily achieve somewhere between £215,000 to £220,000.”

Taking the top estimate means the couple would have boosted the home’s value by a huge £120,000.


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