BBC Homes Under The Hammer's Welsh host spots 'alarming' detail in 'bargain' property
Homes Under The Hammer presenter Owain Wyn Evans was on hand to offer his expert advice to viewers as he took a tour of a property in Wolverhampton and was 'alarmed' by a rogue detail
Homes Under The Hammer presenter Owain Wyn Evans had travelled to Wolverhampton to inspect a property heading for auction with a bargain guide price of approximately £19,000 to £24,000.
The Welsh television personality, who possesses considerable property expertise, found himself hard-pressed to identify problems with this "bargain" dwelling during the repeat episode aired on BBC One on Monday, August 11. As he toured the terraced house, which enjoyed convenient access to local facilities, Owain praised the property for its generous and roomy spaces and was pleasantly surprised to discover a fairly recent boiler alongside a bathroom suite in reasonable condition.
Beyond requiring fresh paint and complete carpet replacement, Owain was astounded by the relatively modest renovation project facing prospective purchasers. Nevertheless, during his inspection, he did encounter two significant concerns that could prove expensive to address.
Owain spotted two dangerous details
Martin Roberts delivers devastating blow to Homes Under The Hammer buyers after grim discovery
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The property featured a side passage and outbuilding, both sporting dubious roofing. Owain questioned whether specialist asbestos contractors would need to tackle both roof structures. A further hazardous problem within the house was an unauthorised electrical connection he discovered in the smaller second bedroom, reports Birmingham Live.
The questionable cable had been routed into the upstairs room from outside the property and featured an attached plug. Owain identified this electrical hazard positioned beside the radiator beneath the main window.
Owain was concerned about the roof tops
Owain exclaimed: "Ohh, now look at that plug," before continuing: "If there's one thing that sets off warning signals for me, it's a stray cable protruding from a wall with a plug on the end of it."
He went on to caution: "Of course, you don't want to plug that in and switch it on, get that checked out and see exactly what it is." Despite these concerns, property developer Asin managed to secure the house for £125,000 at auction.
Owain was also concerned about a dodgy looking plug
Speaking to cameras alongside his father-in-law Saline, he remarked: "Very pleased to be fair, quite a good purchase, I reckon. We've done quite well." Asin predicted the renovation would require just four to five weeks with his father-in-law Seline serving as head builder on the scheme, supported by his crews.
The pair had a substantial £35,000 budget available and it became a family enterprise with their spouses also taking on crucial responsibilities including legal documentation and administrative tasks. The family hoped to incorporate the property into their existing rental collection in the locality and had no intention of selling.
Asin purchased the property at auction for £125,000
(Image: BBC)
Seline and his crew grafted tirelessly to renovate the property to an excellent standard and crucially within the five-week deadline.
Delighted with the result, Asin declared: "We did quite well, it was done within five weeks and we brought it all in at about £22,500, mainly due to the contingency being set as the house was already in good condition and no major upsets were found."
Not only did they complete the project punctually, but they also managed to come in significantly under budget. An estate agent has verified that they could put the property on the market for a substantial £180,000 – which would equate to a pre-tax profit of nearly £33,000.
Asin and his family, however, were inclined to include the property in their rental portfolio. The estate agent projected that they could charge a monthly rent in the range of £900-£1000.
Yet Asin revealed they were set to receive even more than that estimate. He declared: "We put it up for £1100 and I think we've got it."
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Homes Under The Hammer airs weekdays on BBC One
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