House flip MP makes £187k profit on tax payer funded home sale.

April 8, 2010 | by | 0 Comments

Disgraced expenses scandal MP Margaret Moran has sold her ‘flipped’ constituency home in Luton for £259,950 – a £186,955 profit.

The Luton South representative bought the three-bedroom semi-detached house in July 1995 for just £72,995 and spent £22,341 of taxpayers’ money on improvements.

During the 2007-08 the 54-year-old designated the property as her second home, before flipping it a year later to a house in Southampton.

In that time she splashed out £2,350 to have turf laid on her lawn, hedges trimmed and new trees and flower beds planted.

Another £1,823 was spent replacing a ”cracked” lavatory and £1,587 of public money went on bedding and utility bills.

Moran claimed £1,454 for bills including servicing of her central heating and further repairs to her bathroom, and £394 for a hi-fi system.

During the same year she claimed £14,805 for a replacement boiler and plumbing work, £1,897 to replace ”collapsed units” and £4,185 for other general repairs.

The former Blair Babe, who was suspended from the Parliamentary Labour Party for her misdemeanours, also bought a £150 mirror and £699 television on expenses.

Her Luton home has now been sold ”subject to contract” by estate agents Haart, who refused to comment on the controversial sale.

Pictures of the house, described by Haart as a ”great family home”, show a plush sitting room, spacious kitchen and large bedrooms.

The brochure says: ”Offering generous accommodation, this mature three-bedroom semi-detached home situated in the popular Wardown Park area, not only has a 19ft conservatory, but two separate reception rooms and a good size rear garden.”

Moran, who also owns properties in London, Southampton and Spain, initially nominated the Luton property as her main home and claimed expenses on a flat near Westminster.

In March 2007 she flipped her second home designation to Luton, carried out the pricey improvements, and flipped it again a year later a property in Southampton.

In her second home in Southampton, 100 miles from her constituency, she claimed £22,500 to treat dry rot in the terraced house.

After her claims were exposed last year Moran was barred from standing again as a parliamentary candidate for Labour.

She said she was suffering from stress but refused to step down immediately and continues to claim her salary.

Last month an undercover reporter posing as a lobbying firm caught the disgraced MP boasting about her influence in Parliament.

The sale of her Luton home comes ahead of new rules that will force unscrupulous MPs to give up part of the profits they make from selling taxpayer-assisted second homes.

Moran has barely been seen since the scandal broke and telephone calls to her constituency office are met with the message ”This number does not receive incoming calls.”

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