A Stoke-on-Trent house underwent a budget transformation after being featured on daytime TV show Homes Under the Hammer.
The buyers spent just £4,500 and five weeks revamping the three-bedroom house in a quiet cul-de-sac, yet added an estimated £20,000 to its value.
TV crews were on hand went it went up for auction in October last year, capturing the moment it sold for £70,000 despite a guide price of £64,000.
It was snapped up by part-time veterinary surgeon Graham and his wife Jane, who had already appeared on the show before and were keen to add to their portfolio of around 20 buy-to-let properties.
Graham said: “I’ve been a vet for more than 30 years but I’ve gone part time to concentrate on property developing. We’ll do a bit of renovation, turn it around and let it out to tenants.”
The couple, who said they now employ staff to help with their properties, set a budget of £5,000 to £7,000 and a timescale of four to six weeks for the work to be completed.
They had new carpets and flooring fitted, repainted throughout and had the existing double glazed windows repaired rather than replacing them. They ended up coming in under budget and ahead of their time schedule.
Jane said: “When we look at a house I ask myself whether we’d live here and if we’d live here then someone else would live here too.”
Graham joked: “We normally try to salvage what’s already there in a house because we’re tight.” He added: “We spend what needs to be spent to get a property up to a reasonable standard. It would be easy to overspend.”
Estate agents visited the house in February this year and estimated that it would sell for £90,000 to £95,000 or have a rental value of £550 per month.