Before and After: Jaw-Dropping Property Renovation Transformation | UK Property 

Thanks for the kind words. I’m no Steven Spielberg 😂… but I’m trying

@@scottxgibson don’t worry, you’ll get there. Don’t let people’s mean comments put you off 😊

It’s better than it was 👀… what would you suggest for next time?

Thanks for the engagement

Thanks Caj! Family and friends thought I was being rather optimistic expecting this to only take a couple weeks 😅

Thanks for the kind words. Unfortunately there are always going to be haters for one reason or another. But I’m hoping to help people who are in the process of doing their own renovations and how to make it all come together. Hard to say how it’s done without talking 😂.

Thanks! It really did smell as bad as it looked… it’s amazing how light and fresh it is now.

@@scottxgibson I'm going through this myself with my childhood home (though we have plenty of fresh air circulating 😅) so it's always inspiring to see people do these projects. Congrats on the amazing profit also.

Thanks! That was my point of reference 😂

Thanks guys, oh yeah so it is! Best of luck with the renovations. I know it’s not easy. 😅

Wow well done Scott on video it looks easy but hey u achieving the dream all the best mate well done 👌😊

That’s an amazing return!

But if you need to buy another house to live in, that would be all the money gone. It means people that bought council houses have security or can move somewhere else.

Lucky you. Wish we all could sponge off of the system like this.

@@Rhino11111111why is it sponging,it’s literally the right to buy scheme they give you discount based on all the years of rent you paid,,,my mam lived in her house for 43 years she bought it in 2018 for 30k ,she got 70k discount

@@BIGG..G I paid rent for 15 years didn’t see a penny of it again. Should have popped out a few kids and claimed benefits and a an almost free house. That scheme is one of the main reasons house prices are so high due to lack of supply.

Thanks for the kind words! I tried to give as might info and insights as possible (without boring anyone 😅) Hope this helps!

I used bridging financing for the property, the deposit and renovations etc were cash.

Thank Ed, much appreciated. That sucks you’ve been left with a bill like that. I think I’m going to stay away from lettings, I’ve seen enough “can’t pay take it away” on tv where the landlords get done over from tenants living like animals.

@@scottxgibson I know Scott but selling hits me with CGT and being a higher tax bracket can’t afford to be paying that just now maybe when I retire.

@@eddy45686 I get you. If you are doing several of these then it might be worth speaking with an accountant and looking at setting up a ltd. For me it made sense but everyone’s situation is different. (This is not financial advice 😂).

​@@scottxgibsonNot all tenants are bad and there's many who respect and look after their home...... It's a two way street and many landlords don't come out when they should either and do what's required

@@kat7777 I used to work in residential property management, and there are plenty of both bad landlords and tenants. But the landlords take all the risk compared to tenants.

The garden just had a basic clearance. Blank canvas for the next owner.

Hey Vicki - thanks for the kind words. Some people just like to moan I think 😂. I’ve written down everything I’ve learnt and researched whilst doing this renovation…at somepoint I’ll put it out there to help people like yourself. My advice would be to start small and do your research on the property, area and figures. I wish you the best in your property adventure!

It’s going to be a great house for someone. Hopefully it’s enough of a blank canvas that someone can put their own stamp on it. Maybe they could even extend the house in to the massive garden 👀

Thanks Atif, comment your company info and I’ll reach out if I need help with design work.

Thanks, you might find this video I did helpful ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Wl6ilf33qdQ.html

I know. I was trying to get my words out as quick as I could before another car came along… didn’t notice till after 😅

It was empty for almost 4 years. Felt like it was in worse condition in real life compared to photos.

You can use a main contractor but you will pay a premium as they will mark up all the other trades. Managing each trade yourself can be difficult especially if you don’t know who’s good or bad or the general building process. You could do the work yourself if your got the patience but I’ve been there tried that and it’s very full on… if you want to invest on my next property with me let’s chat!

The property is owned by my company. This is why the stamp duty is higher compared to a ftb, and the fees are auction costs etc

I did think about knocking the wall down but this is structural and would include needing steels and engineering drawings. Would be an absolute money pit.

I thought it would be a shame for it to go, plus fireplaces and wood burners seem to be on trend in the last couple of years.

Hey - Yes it did sell, however the buyer has some issues (long story) so now it's rented out. Either way I'm happy 😊

Thanks for the insight.

@@scottxgibson 0% intrest created deluded Sunday landlords that where making profit no matter how good or bad they were. Higher intrest will stabilise or even contract housing market forcing potential developers to reconsider how much they are willing to pay if price of houses is not guaranteed to go up

@@xperyskop2475 Interesting perspective! It's true that historically low interest rates have fueled a rise in property investment, attracting landlords who were able to make profits regardless of their expertise or the quality of their properties. However, I'd like to offer a different viewpoint on the impact of higher interest rates on the housing market. While it's possible that higher interest rates can bring some stabilization or even contraction to the housing market, it's essential to consider the broader implications. Firstly, increased interest rates generally make borrowing more expensive, which can make it harder for potential homebuyers to afford mortgages. This could lead to a decrease in demand for houses and potentially lower prices, but it may also limit housing accessibility for certain segments of the population. Moreover, developers, just like any business, assess their investment based on potential returns. If the price of houses is not guaranteed to rise, developers might indeed reconsider how much they're willing to pay for land or property. However, this could also result in a slowdown in new housing developments, potentially exacerbating existing housing shortages or affordability issues in some regions. Balancing the housing market is undoubtedly crucial, but it requires a comprehensive approach. Policies that address affordable housing, promote responsible lending practices, and encourage sustainable development can have a more nuanced impact than simply relying on interest rates. By considering multiple factors, we can aim for a housing market that benefits both property owners and potential buyers while ensuring long-term stability and accessibility. This is the second time I've sold the cheapest house in the region.

@@scottxgibson Lay off the gpt

Hey! Good question. All the trade work was done by different people I sourced, my very own team of Avengers in a way I guess. I scheduled the work and managed it all. All done in under a month. However it does mean you will be on the phone alot managing different people. A friend of mine did a renovation project using a main contractor for everything but he had to wait months and months for availability.

I have an offer coming from over the weekend. Nope, no mentors. All self thought. Plenty of research, but I also worked in the construction industry when I was younger. I probably analysed 100+ houses. I was looking everyday for bout 2-3 months. This was my second renovation home but first at auction. If you want to learn how I did all this let me know!

Cheers Andy - You're right on that one! It's alot of work making sure things are getting done and managing a team of people.

Bridging finance.

Thanks!

I noticed I said that 😅 I was trying to get my words out asap as the road was busy. I was going to remove the fireplace but some people like them, it could be repainted or have a fitting go around it to make it more modern.

It's best to leave fireplace as in view of future electricity supplies are dodgy. You can actually charge more rent here in South if there are working fireplaces.

Lots of windows. Makes all the difference.

Cheers. Fortunately everything ran to schedule and everyone was available. I thought it was going to take 6 weeks originally, thankfully it was much quicker 🙏🏻

Thanks Gordon, hopefully I’ll be on the next big project after the summer.

I’ll be watching mate. I’m looking to get into flipping, so will be learning from your vids

@@gordonadam7051 if there’s anything you want me to cover in particular let me know.

It takes a while to find them, so it’s not that easy. Cheers!

@@scottxgibsongreed the hardest part is always finding the right property. Would you mind doing a video on buying through auction and using bridging loans? I’ve bought 3 but was never brave enough to venture into auction, quite jealous of the good deals though 🤣

@@Sophie-kk3st Hey! I will do, it’s on my list of videos to do next… give me a couple days 😅 auctions are good as there can be deals but you can also get hurt financially. BAD.

The cost of this wouldn’t be worth it. Plus the lose of a bedroom would reduce the value of the house. But I get your idea.

Do you realise how expensive moving kitchens or bathrooms can be? I couldn’t even justify doing it for my own residence. Keep this in mind when you buy your own house, you want all the pipings where you want them to be, meaning locations of kitchen bathrooms radiators etc.. even moving a wall is way more expensive than people usually think it is. In my opinion the layout of the house is just as important as the overall health of the house, choosing the right layout can save you a fortune

Thank you 🙏🏻

Thanks. Yes I did. I needed quick finance as it was brought at auction.

​@scottxgibson thank you for explaining! Will you do anymore properties? Also, could you do a video explaining how the auction process was? 🎉

@@ThePinkPfeiffer I will be doing some more shortly. Just trying to juggle two businesses and family responsibilities. I’ll put an auction process video in the to do pile 😊

I probably could of put some quirky lighting fixtures up but I was trying to appeal to a wide range of people. Out of everything people look for in a house, I don’t think people are generally fussed with lighting pendants.

Thanks for the feedback. I keep meaning to go over and film some more as it’s been a few months. Hard at the moment to find the time.

Thanks!

Thank you. Much appreciated 🙏🏻

Given the age of the house it’s possible. They were screeded over to prevent any damage and fibre releases. I used to work for a large flooring company and this was standard procedure. If in doubt, seal it.

@@scottxgibson Great effort mate! How did you deal with the asbestos artex celings? Cheers.

@@whome5810 the whole house was Replastered. Makes it look better and everything’s secure.

@@scottxgibson It does look good, did they plaster straight onto the existing ceiling or did they screw new plasterboard over first and then plaster?

@@whome5810 not sure, I wasn’t there when they did it. The house went from a building site to almost done in a week.

Big time.

It’s the same over here in the Uk with capital gains. But the house is in a company name so it’s taxed different and can be more tax efficient.

@@scottxgibson Interesting- thanks

It’s still there 🔥

It looks amazing! Nothing beats the original fireplace, it adds character

@@auroraborealis4320 yeah I love a good fire place

Thanks 🙏🏻

Hey Jean - Thanks for the support

Unless you’re in London. Sounds like you’re being ripped off! A typical trades person is about 250-300 per day. You can get some great deals on kitchens if you buy during offers and shop around. What’s the quote for 10k include?

@@scottxgibson thanks, it is a rip off, thats why we are thinking not to go through with it. Ripping off the old kitchen, re-plumbing, changing the flooring, plastering, taking off a bit of tiles, new fridge and new cabinets, new sink. The lot, but still.. Oh, and Ikea kitchen

@@DAKESIS17 ikea kitchens are pretty reasonable. There’s some bits you could do your self like the flooring (assuming it’s level), tiling and the rip out… if you got the patience. I would recommend giving it a go.

Much appreciated, thanks for the support

I did clear the garden and cut some trees back too, cost me a grand to get it all sorted. I didn’t include it in the video as I thought it just looked a bit boring 😂

@@scottxgibson I see very good.

It’s a blank canvas for someone and come and make their own 😊…but I’m open to any suggestions.

​@@scottxgibson natural beige is back on trend , woven not fluffy carpet s

Basically that’s it, plus some lights being moved into better positions as well as the whole house being replastered (there was two layers of wallpaper which ruined the texture of the walls).

I cleaned and cleared the property (carpets, bathroom, kitchen etc) but as for the refurbishments I had trades people come in. It was pretty dirty… the toilet hadn’t been flushed in a year so you can imagine what that was like.

What would you suggest 😊

Thanks! The market is definitely not as hot as it was last year. But I’ve still had a fair few viewing booked in for this. From what I’ve been told from estate agents anything at the 400k+ mark isn’t shifting, otherwise business is still good. Best of luck with your sale!

@@scottxgibson cheers 👍

Where you based mate just so I can work out where your getting those refurb costs from

@@jamesroutledge2731 Cambridgeshire 👍

Thanks for the feedback. To be honest the house stunk so bad and the only time I took my face mask off was to quickly get this filmed. Next time I will do better to include works as they progress... but with contractors not turning up and causing other issues it was very hard to plan. Hopefully you will stay with me for the next one :)

Well of course we couldn't see the stink. Did you suceed in getting rid of it entirely?

@@sarahstrong7174 Its all lovely and fresh now. But with the carpets being 25+ years old, full of dust, bugs, mould and the toilet not being flushed in a over a year it was horrible to walk into…

@@scottxgibson Ah. That does sound much better!

Well this was an issue with the painter not doing the their job properly. They missed other bits too which has meant I’ve had to take legal action to get my money back.

@@scottxgibson oh dear, make sure you leave him an honest review 👍🏻

@@ilovecatsnteanbooks3971 oh I already have 😂

No, it’s more. It was won at auction for 172k. And since had offers after renovating at 240k.

The deposit was my own money as well as the fees and renovations, which is bout 70k all in. No loans. I’ll get the deposit back plus the profit.

Hi Kate - This property was brought pre-auction, so there were other costs such as auction fees, contributions to sellers' legal costs, as well as financing setup fees. The stamp duty is much higher when purchasing through a company also. Perhaps I'll do a video in the future on the costs involved when purchasing via auction.

@@scottxgibson would you mind also do a video on buying through a Ltd please? I’m thinking about moving mine into a ltd. Sorry for asking for so many videos 😅🤣

Thanks alot or I'm sorry to hear that.

Hey - The numbers were slightly wrong, as I was doing this from memory. All in for 210 including solicitors selling fee's (only thing I forgot was agent fee's). Everything will be reinvested into the next project tax efficiently.

There isn’t any. This was purchased through a business.

Give the guy a break, he’s just starting out

Definitely not draw dropping!

Hey Suzanne - Sorry to hear the video wasn't to your liking. If you think you can spend more than 15 minutes in a house that's been empty for almost four years and smells horrendous, you're welcome anytime.

@@scottxgibson your title was click bait, for one thing we didn't see much of the house, just you talking about it, and another is you only did a basic job, which was good but not jaw dropping ,I'm sure you are good at what you do, but that was not jaw dropping, and for your information I have been in houses 100% worse than that, and as it was part of my job I had to spend hours there, you try spending time in houses soaked in pee,

@@suzannehughes8697 you think you can do better? Stop being an armchair critic.

The demand for property in the UK is high due to a housing shortage of new homes. Which would take years to catch up on. Councils and housing associations are disposing of their old stock due to the costs of constant upkeep. So they are passing on the responsibility on to private landlords to resolve this. For example this house was left empty for almost 4 years when it should of been given to a small family. Renovating these old houses is the most environmentally friendly way to generate new homes. In addition to this, this particular house is still one of the cheapest in the area. Hope this helps.

@@scottxgibson You can't take 40k profit out without taking any responsibilty for contributing to the problem. House prices are too high because of those in a position to flip and there are too many landlords and second home owners. Shelter, warmth, a home are basic human needs and affordable housing should be just that. Fact is, if you guys stopped flipping and landlords stop building a property portfolio there would be a lot less buyers, house prices would be lower and the banks would look at more ways to help people to buy. This is no more ethical than buying stolen goods to me; there's been way too much demand in the market and people need to take stand imo, maybe consider am I part of the solution or the problem and then act?

@@BMack-p9s House prices go down when the economy isn’t doing well…Then you can expect massive lose jobs and businesses stop investing. If the economy is doing well you can start a business doing pretty much anything and as such there’s more opportunity for everyone. The stolen goods comment is just ridiculous… I’ve paid more than my share of taxes and created several jobs. Sorry to hear you have such a negative mindset.

@@scottxgibson If that were true then why is it the economy is on it's arse just now and house prices are effected little if any - we live in a false ecomony Scot, with the state bailing working folk out with tax credits, cost of living payments and many other benefits etc, before you get to the tax relief and bailouts for the big businesses and banks. Lending can not sustain an economy either. Yes, I do have a negative view. I tried for over a year to become a home owner but just couldn't compete - so now we're renting and paying more than I would for a morgage - rubbish huh. It is no longer ethical to be property developer or a landlord. If you are going to do it at least own this. You profit while others pay and get nothing. Only it's not just about money, it's more than that, it means people on lower incomes simply can not buy their own home, safety and security and this impacts on lives negatively everyday. Think on please.

To be fair I had a people lined up from family etc but they had to take other jobs on which left me up against it trying to get replacements in. I did have the intention of painting, flooring and clearing stuff however I run a business which takes up all my time. I had to work everyday for a couple weeks on end to ensure all went well. Before this I used to work in property management and was an estimator for construction company… still have alot to learn I think 😅

@@scottxgibson I feel your pain mate. I work full time and have been renovating our house room by room for 18 months or so… mainly at weekends. It’s not easy but good luck with it all!

@@CW-Design cheers, you’ll get there too in the end!

Glad you enjoyed the video ✅