Homes Under the Hammer: Martel views flat with £5k guide price Homes Under The Hammer showcased a flat with a tiny guide price of just £5,000 on the latest episode of the BBC property show. Martel Maxwell went to Dumfermline to view the one bedroom flat saying "brace yourself" before she entered. Needless to say, given the valuation, it was pretty much inhabitable.
Martel was impressed that the flat had its own front door and good proportions. It also had double glazing and central heating and an outside space However the flat also had no kitchen, crumbling plasterwork and bits of the ceiling were missing. Despite this Martel acknowledged she had seen worse.
"All this potential with a guide price of only £5,000 will be tempting for any potential buyer. It may not be liveable in its current condition but there are plenty of positives," she conceded. Prior to auction an expert gave a potential valuation of the refurbished property as £85,000 to £90,000 if the new owner were to sell it.
For rental he said they could expect £550 to £575 per month. When it went to auction it was purchased for over ten times the guide price for £52,000 by a man called Jordan who has plenty of experience developing properties for his rental portfolio having started when he was just 19. READ MORE: ITV This Morning's Dermot O'Leary issues apology after backlash Jordan purchased the one bedroom flat for over ten times the guide price on Homes Under The Hammer (Image: BBC) Admitting he "hadn't d.
