A noteworthy example of an auction property transformation
Publish Date: 05 September 2023
By Jade Shrubsole
Further reading
In January 2021, we encountered a noteworthy example of a property auction transaction orchestrated by McHugh & Co Auctioneers. The subject property, nestled in the sought-after Leyton E10 locale, initially presented itself with a guide price of £325,000. Astoundingly, the property garnered a final hammer price of £474,000 during the auction proceedings. (See lot listing here)
The visual representation of this property's pre-renovation state is provided below:
A mere nine months following a comprehensive refurbishment endeavour, the property underwent a complete transformation, culminating in a subsequent private treaty sale for a substantial £825,000. This enhancement resulted in an impressive uplift of £351,000, a figure that excludes the costs incurred during the renovation process.
Here's what the property looked like after refurbishment:
For those who aspire to discover properties similar to this remarkable example, we invite you to sign up for a free trial of our website to see exactly how EIG is an invaluable resource when looking to buy at auction. Here, one can conveniently explore an extensive number of auction properties, with over 4000 lots added each month.
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