Homes Under The Hammer Season 8 Episode 1 Episode 1

Homes Under The Hammer is a British television programme that aired its eighth season in 2010. It is a reality show that follows property developers as they purchase houses at auction and renovate them to increase their value before selling them.

In Episode 1 of Season 8, the Homes Under The Hammer team takes a trip to the seaside town of Margate in Kent where they come across a rundown, three-story, mid-terrace property. The house is in desperate need of some TLC, but the bidders are hoping to secure a bargain. The auctioneer starts the bidding at £95,000, and three buyers battle it out, with the house eventually selling for £115,000.

The first buyer to take on the Margate property is a young couple from London, who plan to do most of the renovations themselves. They budgeted around £15,000 to renovate the property, but they soon realize that they have underestimated the amount of work required. The couple decides to knock down walls to create an open-plan living space, exposes the brickwork, and upgrades the electrical and plumbing systems.

The second buyer is an experienced developer who plans to renovate the property to sell on for a profit. He budgets around £30,000 for the renovations, with the intention of creating a four-bedroom, three-bathroom house. The developer makes some structural changes to the house, including adding a loft conversion, a new kitchen, and bathroom. He succeeds in transforming the property into a contemporary family home that he eventually sells for a profit.

The third buyer is a young investor who has never taken on a renovation project before. She plans to outsource most of the work and budgeted around £20,000 for the renovations. However, she soon faces challenges when the budget starts to spiral out of control due to unexpected issues with the house's foundation. Despite the setbacks, the investor remains determined to complete the project and eventually sells the house for a decent profit.

Throughout the programme, the Homes Under The Hammer team provides expert advice and guidance to the buyers, including top tips on what features increase a property's value and what mistakes to avoid. The show also showcases the ups and downs of property development, from the satisfying moments of completing a renovation project to the unexpected challenges that come with renovating an old property.

Overall, Homes Under The Hammer Season 8, Episode 1 is an insightful and informative programme that provides a fascinating insight into the world of property development. With insightful tips and expert advice from experienced property developers, this show is a valuable resource for anyone interested in renovating their own homes or looking to get involved in the property development industry.