HOMES Under The Hammer presenter Dion Dublin was floored after learning of the lowest property price in the show’s history.
The BBC presenter viewed a three-bedroom semi-detached house in Grimethorpe, South Yorkshire and was left speechless at how cold it was inside the property.
Show host Dion received quite the surprise in a recent episode of Homes Under The Hammer, where home buyers purchase homes from auction, renovate them, and then resell the property.
The former professional footballer was taken aback when it was revealed that the home’s guide price was only £10,000.
During the episode, Dion addressed the viewers at home about the property because he couldn’t fathom the low guide price.
Speaking to the show fans, the BBC presenter said: “This is the lowest guide price I’ve ever come across, and it will never sell for this, absolutely no chance – £10,000? It’s just a starting price. Look at the size of it!”
Dion also noted that inside the house, it was freezing, making it colder than the temperatures outside.
Ultimately, the property was sold at auction for £59,000 by property developer Michael.
The developer had a budget of £10,000 and a time scale of three to four weeks to turn over and transform the run-down semi-detached house.
Michael went over the budget and spent over £10,000, totalling the renovation amount to £12,800.
However, he managed to stay within his timeframe, completely transforming the property into a livable home.
Dion agreed that the estate agent had done a great job at the makeover but noted that there was “definitely room for improvement in order for it to sell for more”.
With a high demand in the area where the property is located, the local estate agents calculated that the property would sell for £100,000 to £110,000.
If the property sells as planned, the owners would make a profit of £38,200.
In another instalment of the show, two first-time buyers on Homes Under The Hammer made a £700k profit from their first three properties.
The two investors had high hopes and expectations for their first turnover, which worked in their favour.
The plot was under auction with a guide price between £250,000 and £300,000.
It was eventually purchased at auction by friends from Kent, Nick and Aaron for £300,000
After the old barn was turned into three modern homes, they were put on sale, with one of the houses selling at £675,000, while the other two were one the way to being sold, which meant that the owners would be due a payout of over £2 million after the sales are finalised.
