Homes Under the Hammer pair buy house with sag – and make £151,000 profit
The property had been repointed at some point with the pointing in different colors.
Martin explained: “Can you see how the pointing is a slightly different color? It’s still not so obvious.
“But this is something that has come to the attention of potential buyers and is sure to put them off and the mortgage companies off.
“Is it critical? Probably not. But it’s essential if you want to get a mortgage.
“So sorting it out isn’t really a big job, believe it or not, it’s called support.
“You dig under the property that you inject in some kind of concrete something that is going to provide a better foundation under the existing foundation and then that will hopefully fix the problem.
“As for doing this, I don’t know of a guess – £20,000?”
All four bedrooms in the property were in good condition and the family bathroom was brand new.
The house also included a large attic with skylight which could be converted into a fifth bedroom with planning permission.
The indicative auction price for the property was between £275,000 and £285,000.
The winning bid was £289,000 from Danny and his business partner David in December 2018.
Both are professional developers, with Danny having a background in construction and David being a quantity surveyor.