Homes Under the Hammer's most profitable renovations revealed- including £1m profit

BBC's fashionable factual amusement show, Homes Under the Hammer, has been a steadfast favourite with viewers since it archetypal aired successful 2003.

The programme features homes bought astatine auction, which are past renovated by their caller owners. While immoderate projects person been successful, others person fallen abbreviated of expectations.

Presented by Martin Roberts, Dion Dublin, Martel Maxwell, Jacqui Joseph and Tommy Walsh, the squad has encountered thousands of dilapidated properties that person been transformed and either sold on, rented retired oregon occupied by their owners.

However, immoderate properties featured connected the amusement person yielded astonishing and important profits, contempt archetypal appearances suggesting otherwise.

Almost £1,000,000

A boarded-up location is usually a reddish flag, hiding imaginable nightmares wrong portion sparing neighbours the unsightly presumption of the derelict property, reports Wales Online.

When Dion visited the property, his apprehensions were confirmed. The location had breached windows, an archetypal doorway that showed committedness but was acold from secure, and inside, cobwebs hung from the ceilings and windows of this dingy, play home.

Situated successful Penge, South East London, the location had a usher terms of £250,000. The caller proprietor would not lone beryllium inheriting imaginable but besides a multitude of issues; it was decidedly a 'back to bricks' project.

The hammer yet fell astatine £333,000, with builder Afrin and his concern spouse Alex snapping up the location of horrors for their archetypal associated venture.

Armed with a fund of £80,000 and a hands-on approach, the dynamic duo Afrin and Alex estimated that their ambitious project, encompassing 2 houses, would instrumentality astir six to 7 months to complete.

Later successful the programme, an property cause speculated that fixed the marketplace conditions astatine the time, if some three-bedroom houses were renovated to a high-end specification, they could rake successful a pre-tax nett of astir £1 cardinal - a whopping £937,000.

£700,000

In a December 2023 episode, 2 rookie spot developers celebrated a jaw-dropping £700k nett aft transforming an aged barn into a trio of homes.

Host Dion Dublin visited a sprawling crippled of onshore up for auction adjacent Ash successful the Dover district, which boasted a immense cultivation barn and further onshore astatine the back.

The property, with a usher terms betwixt £250,000 and £300,000, was scooped up by Kent pals Nick and Aaron for £300,000. With dreams of converting the colossal, industrial-style barn into 3 luxurious four-bedroom houses, their aspirations were sky-high.

After selling 1 location for £675,000 and maintaining that asking terms for the remaining 2 with income underway, Nick and Aaron anticipated revenues surpassing £2 million. This would equate to a handsome pre-fees and taxes nett borderline of £700,000.

£500,000 profit

Two years back, an occurrence of Homes Under the Hammer showcased presenter Martel Maxwell being wowed by a expansive terraced location successful Brixton, London. She was impressed by its coagulated physique and regal features emblematic of a Victorian abode.

Yet, contempt its charm, the steep usher terms and a leaky extortion hinted that immoderate caller proprietor would request to person "deep pockets" and plentifulness of clip for renovations.

The four-bedroom spot deed the auction artifact with a usher terms of £668,000, and Doug, a seasoned builder and joiner, snapped it up with a winning unsighted bid of £908,000, anxious to tackle his adjacent project.

After pouring £75,000 into refurbishments connected apical of the acquisition price, Doug and his partner's full concern neared £1million. The valuation suggested they could marque a pre-tax nett of astir £500,000.

£500,000 nett aft splashing retired a cardinal quid

In a jaw-dropping crook of events, a purchaser shelled retired a whopping £1.7 cardinal for a spot featured connected past year's Homes Under the Hammer, and astonishingly, they inactive managed to rake successful a hefty profit.

At the auction's climax, PhD concern pupil Xiulin forked retired an awesome £1.2 cardinal to get his latest venture, lone to spot the terms summation subsequently. 'Homes Under the Hammer' presenter Martin Roberts aboriginal touched basal with Xiulin, his excitement dampened upon learning that the erstwhile expansive location was to beryllium divided into 3 flats.

Xiulin acceptable his renovation fund betwixt £300,000 and £400,000 with a one-year people to decorativeness the work. Yet it took 21 months earlier revisiting connected the show, arsenic reported by the Liverpool Echo, and discovering that, 'true' to plan, each 3 apartments were completed wrong the archetypal four-story building.

Come valuation time, a section property cause priced the properties astatine a cumulative £2.25 cardinal - £950,000 for the three-bedroom flat, £750,000 for the two-bedroom, and £550,000 for the azygous - offering Xiulin the imaginable to locomotion distant with a nifty £500,000 pre-tax nett from his investment.

£100,000

In a antithetic conception of Homes Under the Hammer aired successful 2022, Tommy Walsh explored a "pioneering property" located successful Blackheath, South London. The two-bed was listed astatine £385,000 but commandingly secured by Patrick and Sorsha for £445,000 during the fervent auction bidding.

Dreaming of turning a level into a bespoke home, Sorsha and Patrick had their eyes connected modernising and surviving successful the abstraction portion adding their idiosyncratic touch. They earmarked £30,000 to £40,000 for renovations, aiming to wrapper up wrong 12 months.

With heaps of enactment from family, the duo ended up shelling retired betwixt £35,000 and £40,000, toppling their archetypal fund by up to £10,000.

Come August, an enamoured section property cause pegged their labour of emotion astatine a "lovely place", projecting its worth astir £585,000. This could permission Sorsha and Patrick sitting beauteous with a handsome pre-tax nett nudging £100,000.

Homes Under the Hammer airs weekdays astatine 11:30am connected ITV1.