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There's a house over the road from me that's been flipped twice in two years, gained who knows how much (offers over system), but sold very quick both times. Got to be something along the lines of folk getting fed up not getting a house they've bid on over and over again, so when they see one that's "could move right in" they go nuts and drop all the dollar.
BrickMan
Don't disagree but it takes 2 mins to Google and £40-50k of work to try and add £360k is a madness. If you're spending that much you'll do your DD and it's not such a flawless job or location that the premium feels worth it.
Maybe I should get the TMH round to value my gaff