Homes Under the Hammer buyer increases value by £28k – replacing the bathroom for just £35

Visiting a property in Sheldon, Country Durham, Homes Under the Hammer presenter Martel Maxwell said: “This is a great spot. Just a few minutes’ walk from the town centre with all its amenities, and in an area that’s dominated by terraced houses…I’m here to see this two bedroom mid-terrace which came with a guide price of £30,000 plus.”

Upon entering the property, viewers got to see the state of the property which had a small hallway at the entrance.

Martel said the living room had plenty of light with double glazing which looked relatively new. 

Despite a positive start, Martel pointed out several signs of damp on the walls and the floor.

To the rear of the property was a galley-style kitchen which was quite long with plenty of cupboards.

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A new sleek bathroom had been fitted with white tiles and a white suite and new paint and carpet had been placed throughout.

The bedroom had been given a makeover with grey carpet and white and sage green walls.

As well as using DIY tips and tricks, John also managed to get a lot of his items from the second-hand market.

The homeowner said he purchased his kitchen cabinets for £160 second-hand and then repainted them to achieve a more modern look. John added that his bathroom cost him £35 online.

In the end, John spent around £15,000 doing up the property, slightly over his £10,000 budget.

A local estate agent visited the home to see how much it would now be worth on the property market.

The expert said: “It has a lovely feel, it’s been well done, nicely decorated. The problem with the property is that it has a ground-floor bathroom and there’s no way of getting around that.

“But I think the new owner of the property has done a really good job. In the current market, I believe the resale value of this property is in the region of £55,000 to £60,000.”

Taking the upper figure of £60,000, John has managed to increase the house price by a whopping £28,000 despite not moving the bathroom.

John had planned to live in the home for the winter months before building up his property portfolio.

source: express.co.uk