Homes Under The Hammer host calls out buyer for ‘breaking golden property rule’ as he’s left wincing by nine-bedroom hotel in total ruin

Homes Under The Hammer host Dion Dublin called out a buyer for breaking a crucial ‘golden rule’, during Thursday night’s episode.

In the episode, the presenter showed viewers a house in Blackpool which had fallen into disrepair in recent years.

Before a buyer purchased the property to refurbish, the nine-bedroom hotel had collapsed in places.

With missing floorboards, black mould, piles of rubble and broken ceilings, it was a huge project to take on.

He said: ‘I can see water pipes sticking out, I can see gas pipes sticking out of the walls.

In the episode, the presenter showed viewers a house in Blackpool which had fallen into disrepair in recent years

‘Nice big windows there which is a plus and nice high ceilings which is a plus, and a few old features are still here.

‘It’s a really big room which is a positive but there are missing floorboards. It’s just messy and old and it gets no better either. 

I can see another room here, I can see the kitchen out back… It’s not a great start but I can see why it had a guide price of £20,000 at auction.’

He added: ‘If you are going to take on something like this, there are some things to take into consideration. Make sure you’ve got the budget before you even think about taking a project on this big. 

‘This project is definitely worth taking on, but if you have the budget, you will get it right. It’s going to have to be taken back to bare brick and started at the very beginning.

‘Get this project in the right hands, with the right budget and some imagination – it could be beautiful again.’

A local estate agent advised that the property could be worth between £200,000 to £300,000 once refurbished. 

Luckily, former opera singer Peter snapped up the derelict building for £34,000 with plans to restore it.

Before a buyer purchased the property to refurbish, the nine-bedroom hotel had collapsed in places

With missing floorboards, black mould, piles of rubble and broken ceilings, it was a huge project to take on

Luckily, former opera singer Peter snapped up the derelict building for £34,000 with plans to restore it… But according to Dion, Peter broke the ‘golden hammer rule’ as he didn’t view the property or read the legal documents before buying it

The newly-refurbished building cost in the region of £70,000 to put a new roof on and pay for labour and materials

But according to Dion, Peter broke the ‘golden hammer rule’ as he didn’t view the property or read the legal documents before buying it.

Peter said: ‘When we did look at it, we discovered it had planning permission for four flats which is what we were going to do anyway.’

The newly-refurbished building cost in the region of £70,000 to put a new roof on and pay for labour and materials.

An estate agent valued the glistening new property at £200,000, giving Peter a £90,000 profit if he decided to sell up.