Homes Under the Hammer buyer adds £220,000 value with £60k

Homes Under the Hammer presenter Dion Dublin visited a home in Mablethorpe, a seaside town in Lincolnshire. Dion said: ‘So off the beaten track, down this kind of private lane is the property I’m here to see. We have got a detached two-bedroom bungalow, with a guide price of £60,000 when it went to auction.’ The home was located in a tranquil part of the town, close to lovely walks. However, it was in a desperate state of repair.Upon entering the home, Dion said: ‘As soon as you come in you’ve got a bit of a porch area which is always good. This house is a bit of a back-to-brick project I think.’The bedrooms had old fashioned textured ceilings with signs of damp coming through. They also needed to be re-plastered along with a new lick of paint as well as new flooring needed.Out of the bedroom there was a small hallway which led into the open kitchen area which needed ripping out and starting from scratch.Dion said: ‘I have said many times on the show, I go into a house and I say, listen, if you can just change the cupboard doors or just the cupboards or just get some white goods in, and I think you’d be ok. However, I don’t think that is the case here.READ MORE: Homes Under the Hammer buyers boost cottage price by £206k Homes Under the Hammer buyer adds £220k value to ‘back-to-brick’ project with £60k (Image: BBC) The house had a guide price of £60,000 (Image: BBC)’Everything has to come out. It’s not in a great condition at all. The windows need to come out, and yes, not very positive. What is positive is the size of the kitchen itself.’If you get this right, put a nice bright kitchen in here, I think it would be really nice.’In the living area, the walls were riddled with damp, which needed to be looked at by the new owner. However, it was probably due to no one living in the home for several years.The second bedroom needed major work as the floor had completely fallen in. Dion said the joists had probably rotted away.DON’T MISS:’Avoid’ tap water to hydrate ‘sensitive’ peace lilies – what to use [COMMENT]Easy method to grow windowsill veg this winter – ‘delicious’ [INSIGHT]Method to remove tea cup stains in minutes – ‘no scrubbing needed’ [EXPLAINER] The bedrooms were riddled with damp (Image: BBC) The bathroom was in desperate need of a new suite (Image: BBC) In the bathroom a brand new white suite with marble tiles had been installed (Image: BBC) The rooms around the home had been painted in a duck egg blue colour (Image: BBC) The homeowner managed to add a driveway to the front of the property (Image: BBC)Making the two rooms open plan means that Ganesh was able to create an additional bedroom, adding to the value of the home.All of the rooms had been painted a duck egg blue colour to make the home cosy. In the bathroom a brand new white suite with marble tiles had been installed.In the end, Ganesh said he had seen some unseen costs and spent just over £60,000 on the home.A local estate agent visited the home to see how much it could now be worth. The expert said: ‘It’s actually my second time at the property and I’m really, really impressed with it at the moment. Now it’s been completely refurbished, so it will have had all new electrics, all new gasworks, new double-glazing which I’ve noticed straight away. My favourite feature of this property now is the layout of the kitchen-diner, and the finish in here has been really, really good. Valuation wise, we are now looking at £250,000 to £280,000.’Ganesh plans to sell the property and if he manages to sell it for £280,000, he would have boosted its value by a huge £220,000.