Homes Under the Hammer buyer makes eye-watering £120k profit on home next to railway track

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Homes Under the Hammer buyer makes eye-watering £120k profit on home next to railway track

On an episode of Homes Under the Hammer, Dion Dublin was viewing an unusual house in Handsacre, Staffordshire. The four bedroom detached property h

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On an episode of Homes Under the Hammer, Dion Dublin was viewing an unusual house in Handsacre, Staffordshire. The four bedroom detached property had a guide price of £100,000 and had a tricky legal pack. The idyllic home, which can only be accessed via a bridge going over a stream, is positioned right next to railway tracks.

The property and the land it sits on are actually owned by a rail company.

Some of the restrictions in the legal pack include not being able to build within three metres of the railway wall, no spotlights allowed on the property, no hose pipes or gas and oil tanks.

The home was originally two separate properties that have been knocked together.

On entering the property, there is a sizeable reception room with a fireplace.

The galley kitchen was small but had plenty of potential.

Dion suggested the new owner might want to get some architects in to try and reconfigure the property.

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Homes Under the Hammer returned to see the home one year later.

Allison, Kevin and a whole host of friends pulled the place apart and put it back together again.

At the front of the house are the living room and dining room featuring a new multi-burner stove.

At the back, the galley kitchen was extended to almost the entire length of the house.

Upstairs, there was a radical change to the layout.

A bedroom has been lost to allow for a linking hallway and an ensuite was added to the large master bedroom.

A wet room was installed downstairs, which was handy for washing Allison’s dogs.

Outside, there was a fantastic landscaping effort.

Allison was able to get permission from Network Rail to build a block of garages.

They kept to their one year timescale and spent £70,000 which included the garages.

Local estate agents in March 2017 claimed the property could be sold for between £300,000 and £350,000.

With a total spend of £230,000 that top figure of £350,000 could give them a massive profit of £120,000 before taxes and fees.

Homes Under the Hammer can be streamed on BBC iPlayer.



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