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Just wishful thinking on their part?
Seems to be a common response by flippers, at least the ones that I looked at recently whilst house searching. They tended to be initially listed at a higher premium than they deserve then dropped their price over time.
The best one I saw that had been 'improved' was what would have been a nicely spaced 4 bed, converted into a six bed (plus another studio at the bottom of the garden), all en-suite. I think there were nine bathrooms in the house all together. Guess they wanted to airbnb it first but tried to sell it for the price of a six bedroom West London house instead.
christianSpaceman
Out of interest, tried some instant home valuations on Rightmove, Zoopla, Leaders etc and there's a variation in values of about $150K. Which just shows they are absolute bollocks!
On another note, there's a semi-detached house on the road that was sold recently. Was a 3 bed, the owners, who seem to be flippers, did a roof extension and rear extension to make it a 4 bed and tarted it up. They've put it on the market for 33% more than any other 4 bed semi has gone for previously on the road (one sold earlier this year) that had similar extensions done to it. Just wishful thinking on their part?