02 February 2023 , 15:09
733
0
A mum sold her home for £18,000 profit after sprucing up the garden and removing furniture.
Nikki discussed her experience of flipping a three-bed semi-detached property when she appeared on BBC’s Homes Under the Hammer.
She had only owned the home for three months before putting it on the market again after giving the property some cosmetic changes.
The buyer snapped up a house in Cheshire for just £215,000 in an auction sale.
At the time, it looked tired with some dated elements, and had a ‘quirky’ and ‘unusual’ layout which buyers might've questioned.
Couple use bucket for loo over Xmas and New Year after raw sewage floods drains
She wanted to change the whole house, but chose to make some quick changes and then brought it back to the housing market.
When Nikki bought the Cheshire home for £215,000 at auction it was dated and old fashioned (BBC)Nikki had hoped to renovate further, or add an extension over the garage to give the home another bedroom and bathroom.
She had a budget of £40,000 and six months to complete the work.
But the mum discovered she didn't have the time to carry out the work, and instead chose to sell the home after just three months.
Mother-of-five Nikki spoke about her experience of flipping her three-bed semi-detached property (BBC)The dated furniture was shifted out of the home, and she gave the inside and garden a facelift.
She then sold the property for £235,000 which was £20,000 more than her initial outlay.
It made her an £18,000 profit, after she gave the garden a sport of TLC, worth £2,000.
Nikki, a mum of five, emphasised the importance of a good location in the property market.
The interior of the home was a little dated, and needed old furniture removed (BBC)She said: "It just goes to show, with very little spend, if you buy in the right location, good schools, local amenities, buy at the right price, there is still money to be made on houses, even if you do nothing to them.
"I’m always looking for properties for sale, I’m always looking at the auction sites. So hopefully I will find another little one very shortly."
Mrs Hinch fan transforms kitchen for £70 using vinyl wrap and Facebook freebie
Nikki spent £2,000 sprucing-up the garden, before selling it on (BBC)In October last year, The Mirror reported how a two-bedroom flat had gone on sale for just £10,000, but would need an enormous cleaning job.
According to photos of the property in Paisley, Scotland, it was being branded a "great refurbishment project" with rubbish scattered in every room.
The flat has a large living room, bathroom, galley kitchen and two enormously-sized bedrooms with a storage cupboard, and a well-sized shared garden to the back.
Nikki first wanted to transform the entire house but decided to fix it up and put it back on the market (BBC)The property had potential, but was in dire need of a deep clean.
Any new homeowner or someone who wants to sell it on, can expect to find empty drink cans, crisp packets and food containers dotted across the table.
The kitchen counters were covered with empty mugs, packets of butter, and kitchen utensils – with no spare space in sight.
Dirt and grime coated the entire room from the kitchen top to the floor, with dirty pans still on the cooker.