Homes Under the Hammer: Amazing house transformation in Surrey
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On an episode of Homes Under the Hammer, Martin Roberts visited a beautiful, period property in Clapham, London. The area of Clapham has become a sought-after location thanks to its great links to central London and leafy parks. However, those looking to buy in Clapham will need deep pockets, especially if buyers are after a family home.
The home Martin viewed was just five minutes walk from Clapham Junction train station and included £2,000 square feet of space.
On entering the property, Martin said it was clear this was a “special” find.
The property had lots of original features in certain parts of the house including fireplaces and ceiling medallions.
“It’s just immediately giving off that sense of an old-fashioned, glorious London house,” Martin said.
The home had four floors of well-proportioned rooms and tonnes of period features
However, a property of this size in London was never going to be cheap.
The home was bought by PhD finance student Xiulin who had a winning bid of £1.2million at auction.
Martin was disappointed with Xiulin’s plans to convert the period property into three flats. He planned to create one, two and three-bedroom flats so he could maximise his return.
Xiulin had a £300,000 to £400,000 budget and a timescale of just one year. The student and property developer had experience in the field and had even appeared on Homes Under the Hammer before.
Homes Under the Hammer returned 21 months later to check on the project’s progress. Xiulin had managed to create three flats over four floors.
The one-bedroom flat was modern with an open-plan kitchen and living space.
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Xiulin said he was “detail-oriented” and wanted the flats to be finished to an incredibly high standard.
The property was beautifully finished with stunning details such as matte black taps and fittings, and beautiful 20s-style wall lights in the bedroom.
Plush cream carpets had been installed throughout and built-in wardrobes were fitted in the bedroom.
On the next floor up, there was the two-bedroom flat which included an ensuite in the master bedroom.
The second flat had also been finished to an impeccably high standard with clean, white walls and brand-new cream carpets.
The ensuite bathroom had matte black fittings and marble tiles giving it a luxurious feel.
The two-bedroom flat was spread over two floors with the top floor bedroom having a balcony and skylights.
The three-bedroom flat proposed for the ground floor and basement was yet to be finished because Xiulin decided to enlarge the size of the basement.
The flat needed plastering and painting and the kitchens and bathrooms needed fitting. Xiulin said the flat would need another two months of work before it was complete.
Xiulin has previously worked with his team on a similar project which helped him complete the flat conversion.
He said: “Because we have worked together, we know each other’s good parts and bad parts and we try to work as a team. But also, we have external subcontractors who have also helped throughout the whole process.”
Xiulin spent £500,000 on the project to ensure the flats had a “premium finish”. This puts Xiulin’s total spend at an eye-watering £1.7 million.
In June 2021, a local estate agent visited the building to value the three flats. The agent said the property was a “fantastic turnaround” and Xiulin had done an “amazing job”.
He described the overall finish as both “contemporary” and “chic”. He valued the three-bedroom flat at £950,000, the two-bedroom flat at £750,000 and the one-bedroom flat at £550,000. This comes to a total of £2.25 million.
Xiulin planned to sell all three flats which would give him a £500,000 pre-tax profit.
Homes Under the Hammer is available to stream on BBC iPlayer.
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