0:00:02 > 0:00:05- Hello.- We both know how property prices can fluctuate.
0:00:05 > 0:00:08Yes, but over the years, as we have found,
0:00:08 > 0:00:10property has been a pretty good place to put your money.
0:00:10 > 0:00:13So if you're thinking of investing, why not go down to
0:00:13 > 0:00:16your local auction house and see what's on offer?
0:00:41 > 0:00:45There are literally hundreds of property auctions held
0:00:45 > 0:00:48every year, so you are spoilt for choice.
0:00:48 > 0:00:51Let's take a look at the properties that made our buyers
0:00:51 > 0:00:53part with their hard-earned cash on today's show.
0:00:54 > 0:00:56Coming up in Kilburn, London,
0:00:56 > 0:00:59this one-bed flat won't appeal to any chefs out there.
0:00:59 > 0:01:04The smallest kitchen I think I have ever seen. I mean, that is tiny.
0:01:04 > 0:01:09This two-bed cottage in Derbyshire has a real surprise in store.
0:01:09 > 0:01:13However, what do you think is through this door? A cupboard?
0:01:15 > 0:01:16And in Wiltshire,
0:01:16 > 0:01:20this bungalow doesn't exactly offer a relaxing soak.
0:01:21 > 0:01:24I think I'm right in saying it's just half a bath.
0:01:25 > 0:01:28All these properties are being sold at auction
0:01:28 > 0:01:30and we find out who bought them and what they paid for them
0:01:30 > 0:01:32when they went under the hammer.
0:01:32 > 0:01:34Sold, on the back wall.
0:01:38 > 0:01:40Kilburn may not be the most prestigious part of north London
0:01:40 > 0:01:44but as it rubs shoulders with West Hampstead, St John's Wood
0:01:44 > 0:01:48and Maida Vale, it gains kudos from those areas,
0:01:48 > 0:01:50so buyers who hanker after the attractions of those places
0:01:50 > 0:01:55but can't afford it might well look to Kilburn instead.
0:01:55 > 0:01:56Seven minutes.
0:01:56 > 0:01:59That's all it takes to walk from the tube to the property
0:01:59 > 0:02:02I am here to see, not bad.
0:02:02 > 0:02:06So, the lot has location on its side. But what about curb appeal?
0:02:06 > 0:02:11Mansion blocks aren't everyone's cup of tea, but this one,
0:02:11 > 0:02:14built in the 1930s, is really rather attractive, and inside waits
0:02:14 > 0:02:19a one-bedroom flat that had a guide price of 180,000.
0:02:19 > 0:02:23MUSIC: "My Baby Just Cares For Me" by Nina Simone.
0:02:23 > 0:02:24The block rises from the ground
0:02:24 > 0:02:26rather like a grand old cruise liner.
0:02:26 > 0:02:30It's big and imposing and really rather impressive.
0:02:30 > 0:02:34Inside, it's certainly shipshape with gleaming polished brass,
0:02:34 > 0:02:38spotless stairs and beautifully tended courtyard.
0:02:42 > 0:02:45The entrance to the flat is along an internal walkway.
0:02:48 > 0:02:52Oh, the interior is certainly not as well-maintained
0:02:52 > 0:02:54as the areas outside the property.
0:02:54 > 0:02:56There's a bedroom to the left,
0:02:56 > 0:03:01a really nice reception area and a little seated area here.
0:03:01 > 0:03:04And the smallest kitchen I think I've ever seen. That is tiny.
0:03:04 > 0:03:09It certainly doesn't match the rest of the proportions in the property.
0:03:09 > 0:03:12You have a nice alcove area here
0:03:12 > 0:03:16with a fire that I think was probably installed in the '30s.
0:03:16 > 0:03:19It's obviously an original piece. (But it's going to have to go.)
0:03:19 > 0:03:22Nice big window here of letting lots of light through.
0:03:22 > 0:03:25You can see there's central heating and the bedroom,
0:03:25 > 0:03:28a bit of an odd shape and not huge.
0:03:28 > 0:03:31It's quite strange, this, because you have a big space
0:03:31 > 0:03:36in the middle and then these two little rooms dotted at the end.
0:03:36 > 0:03:39I think I'd need to come in here and rearrange the space.
0:03:39 > 0:03:42Maybe knock a wall down or two. But it's not bad.
0:03:44 > 0:03:47I'm not sure what you can do about the size of the bedroom.
0:03:47 > 0:03:49Get rid of some of those built-in cupboards for sure,
0:03:49 > 0:03:52but I think you're stuck with the proportions of that room.
0:03:52 > 0:03:54On the subject of bedrooms,
0:03:54 > 0:03:57I think you could squeeze more out of this space.
0:03:59 > 0:04:03It might not be the biggest flat in the world but in London,
0:04:03 > 0:04:07believe it or not, it's certainly enough to consider turning this
0:04:07 > 0:04:09into a two-bed.
0:04:09 > 0:04:13Perhaps the only way to do this is to move this kitchen
0:04:13 > 0:04:17into the living room and make this into a kitchen-living-diner.
0:04:17 > 0:04:18All-in-one.
0:04:18 > 0:04:23You could make the kitchen and this seating area the second bedroom.
0:04:23 > 0:04:26That would increase the rental return, for sure.
0:04:26 > 0:04:30But I think it's in the resale you could really see a return.
0:04:30 > 0:04:33It could add as much as 30 grand onto the value.
0:04:34 > 0:04:38Bearing in mind the high guide price and the state of this flat, I would
0:04:38 > 0:04:42go as far as saying that making the change is an absolute must,
0:04:42 > 0:04:45and perhaps your only way to make an instant profit.
0:04:47 > 0:04:50The guide price on this property was 180 grand,
0:04:50 > 0:04:55not far off what a fully renovated one-bedroom in this block goes for.
0:04:55 > 0:04:58So as far as I can see, it's two bedrooms or bust.
0:04:58 > 0:05:02And if you cast your mind back to that beautifully maintained
0:05:02 > 0:05:05courtyard, there's some important information to consider
0:05:05 > 0:05:07when you're doing your sums.
0:05:07 > 0:05:10Buying in a beautifully managed block like this means that
0:05:10 > 0:05:14you have to contribute to the upkeep in the form of service charge.
0:05:14 > 0:05:16It is something that's often overlooked
0:05:16 > 0:05:20but you can be asked to pay up to £1,000 or more per year,
0:05:20 > 0:05:23especially if the blocks have lifts to maintain,
0:05:23 > 0:05:26roofing issues or gardens to tend to.
0:05:26 > 0:05:28Here, I am afraid to say, it's more than that.
0:05:28 > 0:05:34In fact, it's triple that, at £3,000 per year. Ouch. Do the maths.
0:05:34 > 0:05:38It's a whopping £250 per month to find on top of your mortgage,
0:05:38 > 0:05:43or £250 less in rental returns.
0:05:43 > 0:05:45The gardens may look pretty
0:05:45 > 0:05:48but all of this loveliness comes with a hefty price tag.
0:05:54 > 0:05:59It does sound a lot but since that three grand also goes towards paying
0:05:59 > 0:06:02for gas and electricity, it could be worth paying if you are going
0:06:02 > 0:06:06to live here but as an investor, it's not money I would see back
0:06:06 > 0:06:10in terms of rental returns and could make the flat hard to sell.
0:06:10 > 0:06:11It's a tricky one.
0:06:11 > 0:06:14With a guide price of 180,000,
0:06:14 > 0:06:16I asked a local estate agent what he thought.
0:06:19 > 0:06:23My first impression of the flat is it has a very large reception room.
0:06:23 > 0:06:25The bedroom is quite small.
0:06:25 > 0:06:29There is an option to make a second bedroom within the living room.
0:06:30 > 0:06:33So, making it two bedrooms does seem like the best option.
0:06:33 > 0:06:37But how would the returns stack up? First, if rented out.
0:06:37 > 0:06:39As a one-bed, I think this property would rent out
0:06:39 > 0:06:42for approximately £900 per calendar month.
0:06:42 > 0:06:44As a two-bed, this property would rent out
0:06:44 > 0:06:47for approximately £1,200 per calendar month.
0:06:47 > 0:06:50What's the resale value for both of these options?
0:06:51 > 0:06:54The property would be worth approximately 200,000
0:06:54 > 0:06:56as a refurbished one-bedroom property.
0:06:56 > 0:06:59If this property was turned into a two bed,
0:06:59 > 0:07:03I would say it would be worth around £225,000.
0:07:03 > 0:07:07It seems there's a great flat here with potential,
0:07:07 > 0:07:09but it could be hard to make a profit.
0:07:09 > 0:07:10This flat needs work.
0:07:10 > 0:07:13The margins are tight.
0:07:13 > 0:07:14So what happened?
0:07:14 > 0:07:16Let's find out.
0:07:21 > 0:07:24A one bedroomed first floor flat.
0:07:24 > 0:07:25Somebody want to start me off?
0:07:25 > 0:07:27160.
0:07:28 > 0:07:30Thank you. 160 I've got.
0:07:30 > 0:07:32165,
0:07:32 > 0:07:35170, 175... 180.
0:07:35 > 0:07:37185,
0:07:37 > 0:07:40190, 191...
0:07:40 > 0:07:43192...192,
0:07:43 > 0:07:44193,
0:07:44 > 0:07:49194, 195, 196...
0:07:49 > 0:07:53197, 198, new place,
0:07:53 > 0:07:55199.
0:07:56 > 0:07:57200, OK.
0:07:57 > 0:07:59201,
0:07:59 > 0:08:00yeah? 201.
0:08:00 > 0:08:04202, 203, 204,
0:08:04 > 0:08:10205, 206, 207...
0:08:10 > 0:08:12208, 209, 210,
0:08:12 > 0:08:15211, 212,
0:08:15 > 0:08:16no?
0:08:16 > 0:08:17With you again,
0:08:17 > 0:08:21211 for the first, 211 for the second,
0:08:21 > 0:08:24211 for the third and final time... all done?
0:08:24 > 0:08:26Sold, 211.
0:08:26 > 0:08:28That successful bid of 211,000,
0:08:28 > 0:08:3130 grand over the guide price,
0:08:31 > 0:08:34came from Ziad, who bought the flat with his dad.
0:08:34 > 0:08:36I met up with him to find out his plans.
0:08:37 > 0:08:40Ziad, lovely to meet you today. Congratulations.
0:08:40 > 0:08:43- Thank you.- Why did you want to but this property?
0:08:43 > 0:08:47Well, um... It's a development, basically.
0:08:47 > 0:08:49As the market is quite bad,
0:08:49 > 0:08:52we think it is a good time to buy a property
0:08:52 > 0:08:56and do it up, and hopefully, when the market picks up
0:08:56 > 0:08:58we can sell it on for a profit.
0:08:58 > 0:09:01Where did you spot this property? Was it in the auction catalogue?
0:09:01 > 0:09:02It was in the auction catalogue,
0:09:02 > 0:09:05but I didn't actually see this property before I bought it.
0:09:05 > 0:09:09We saw a couple of other properties which we were interested in at the auction.
0:09:09 > 0:09:12They went for a lot more than we were expecting, and...
0:09:12 > 0:09:13I knew this area,
0:09:13 > 0:09:17I knew this building, kind of, I mean, I've passed it before.
0:09:17 > 0:09:23- So you didn't have a chance to do any background research on this at all?- No, no, not at all.
0:09:23 > 0:09:26- Did you even know the service charge on a property like this?- Um...
0:09:26 > 0:09:28- No, I didn't know. - Do you know the service charge now?
0:09:28 > 0:09:31I do, yeah, but I don't know it off the top of my head right now
0:09:31 > 0:09:35cos I haven't written it down, but it's not unreasonable.
0:09:35 > 0:09:39OK, well, I can tell you what the service charge is - £3,000 a year.
0:09:39 > 0:09:42- Yeah.- I think that's quite expensive, actually.
0:09:42 > 0:09:44Well, for the area, no, it's not.
0:09:44 > 0:09:46For this area, for where it's located,
0:09:46 > 0:09:49for the kind of building it is, I think it's quite reasonable to pay.
0:09:49 > 0:09:53This is a development, we're going to do it up, we're going to sell the property on.
0:09:53 > 0:09:59So, it's a cost that we'll have to incur for one year, maybe, but I'm not going to keep this property.
0:09:59 > 0:10:02So, it's do up and sell on for Ziad.
0:10:02 > 0:10:06He trained as a carpenter and is studying to be a construction manager,
0:10:06 > 0:10:08so is well placed for this project.
0:10:08 > 0:10:12He's got experience and know-how and was after a blank canvas,
0:10:12 > 0:10:15but does he know how to make money from this place?
0:10:15 > 0:10:18This is a decent-sized one-bedroom property as it stands.
0:10:18 > 0:10:21How are you going to make the most out of this?
0:10:21 > 0:10:25Well, I plan to extend the kitchen, make it bigger and make that into a bedroom.
0:10:25 > 0:10:27And the kitchen will then move into the living room
0:10:27 > 0:10:31and it'll be an open-plan kitchen/living room.
0:10:31 > 0:10:34So are you going to be taking that whole little seated area
0:10:34 > 0:10:37and using that whole space to create a bedroom?
0:10:37 > 0:10:39Not the whole seated area.
0:10:39 > 0:10:42Part of it will be for the bedroom, part of it will be for the kitchen,
0:10:42 > 0:10:46so the kitchen will also be incorporated into the seating area.
0:10:46 > 0:10:47- Really?!- Yes.
0:10:47 > 0:10:49- SHE SHRIEKS - That's going to be one tiny bedroom!
0:10:49 > 0:10:52I would've thought you could have taken that whole space,
0:10:52 > 0:10:54that would be adequate for a bedroom.
0:10:54 > 0:10:56Why don't you use all of the space?
0:10:56 > 0:11:00Well, we haven't got set plans, so that is an option.
0:11:00 > 0:11:05The only thing with that is if we use this whole space, the kitchen, where does that go?
0:11:05 > 0:11:09This little alcove, I think, is ideal for a little kitchen.
0:11:09 > 0:11:12You could put a few units, a little cooker,
0:11:12 > 0:11:14you could perhaps turn that into your kitchen space.
0:11:14 > 0:11:16That's an option. That's an option that we could look at,
0:11:16 > 0:11:18cos we haven't actually got any set ideas yet.
0:11:18 > 0:11:20We still have to speak to the freeholder,
0:11:20 > 0:11:25find out what we're allowed to do and can do, but that is an option.
0:11:26 > 0:11:31This is a tricky one, but I'm glad Ziad sees that this is where the money is going to be made here.
0:11:31 > 0:11:34A second bedroom, however small,
0:11:34 > 0:11:36will immediately boost his potential profit.
0:11:36 > 0:11:40# Give me some money
0:11:40 > 0:11:42# Give me some money. #
0:11:42 > 0:11:45So, what sort of budget are you intending on spending on this?
0:11:45 > 0:11:49We haven't done all the calculations for that yet, so we haven't got an exact budget,
0:11:49 > 0:11:54but I'm guessing it'll take at least 20,000 to do everything properly.
0:11:54 > 0:11:58You know, the kind of projects I've done in the past,
0:11:58 > 0:12:01the standard that I've done, they're quite nice,
0:12:01 > 0:12:04so we don't want to do anything less than that.
0:12:04 > 0:12:08Ziad's aim is to have the flat back on the market in three-four months,
0:12:08 > 0:12:11and he plans to give it a high-quality finish.
0:12:11 > 0:12:14If you do it properly up, really well,
0:12:14 > 0:12:18and you make it desirable for people,
0:12:18 > 0:12:21they will be willing to pay a market value for the area.
0:12:21 > 0:12:25I mean, we're in Kilburn, but we're just next to Maida Vale,
0:12:25 > 0:12:31St John's Wood, so I think that will have an impact.
0:12:31 > 0:12:33Ziad, congratulations.
0:12:33 > 0:12:35I really hope this works out for you
0:12:35 > 0:12:37and that you sell this at a profit. Well done.
0:12:37 > 0:12:39- Thank you very much.- Thank you.
0:12:39 > 0:12:43There are a lot of question marks with Ziad's plans,
0:12:43 > 0:12:46and fair enough, he needs time to think.
0:12:46 > 0:12:48Find out how he gets on later on in the programme.
0:12:56 > 0:13:00I'm in Derbyshire, right beside the River Derwent.
0:13:00 > 0:13:03From here, the beautiful Peak District is only half an hour's drive,
0:13:03 > 0:13:06while Derby is just ten minutes away.
0:13:06 > 0:13:11This is Milford, a pretty little former mill town
0:13:11 > 0:13:14between Belper and Duffield in Derbyshire.
0:13:14 > 0:13:19It is quite gorgeous, and I'm here to see the kind of property
0:13:19 > 0:13:23that will set the auction rooms on fire, cos it's one of those ones
0:13:23 > 0:13:25that people will just fall in love with,
0:13:25 > 0:13:28and it's through this alleyway.
0:13:30 > 0:13:33Now, the only slight problem with the alleyway is the fact
0:13:33 > 0:13:35that that is the only entrance to the property.
0:13:35 > 0:13:37Not too much of an issue on a day-to-day basis,
0:13:37 > 0:13:40but when it comes to restoration work and you're bringing in
0:13:40 > 0:13:43building materials and taking out rubbish, not ideal.
0:13:43 > 0:13:48However, more than compensated for by the property itself.
0:13:48 > 0:13:53It's a two-bedroom cottage, it is cutesy-wootsy beyond belief.
0:13:53 > 0:13:57At a guide price of 58,000 quid, I love it already.
0:13:57 > 0:14:00It's not the only one you could fall for around here.
0:14:00 > 0:14:04Many of the older houses in Milford were built by the Strutt family.
0:14:04 > 0:14:08They owned and ran the mills in the area, and this cottage could
0:14:08 > 0:14:12very well have been home to mill workers back in the 1860s and '70s.
0:14:12 > 0:14:17I'm just hoping it's as lovely inside as it is out.
0:14:18 > 0:14:21Oh, please, please, please be nice inside! Yes!
0:14:21 > 0:14:25Well, no, actually.
0:14:25 > 0:14:31Good start, high ceilings, shame it hasn't got any beams, but, well, one large room here.
0:14:31 > 0:14:36But it talks about a kitchenette in the catalogue and that's it!
0:14:36 > 0:14:41It's pretty small and it gets worse, cos this is the door up to the bedrooms.
0:14:41 > 0:14:47Open that and the kitchenette disappears completely.
0:14:47 > 0:14:49OK, well, this is your living room.
0:14:49 > 0:14:53It's not got a lot of character, but the rest of the house has, so that kind of makes up for it.
0:14:53 > 0:14:55But what it does have...
0:14:55 > 0:15:00for some odd reason, is some very, very damp walls.
0:15:00 > 0:15:02Now, that's too high to be rising damp,
0:15:02 > 0:15:04so my guess is it's coming in from outside -
0:15:04 > 0:15:07possibly a leaky downpipe or something like that.
0:15:07 > 0:15:10I also need to check out the sanitary ware upstairs and see if that's leaking.
0:15:10 > 0:15:12But this is the room here.
0:15:12 > 0:15:15Nice original doors which would be beautiful stripped back.
0:15:15 > 0:15:20Nothing there apart from a sort of small storage area.
0:15:20 > 0:15:23However, what do you think is through this door?
0:15:23 > 0:15:26A cupboard? Oh, no!
0:15:26 > 0:15:29There is a really interesting thing.
0:15:29 > 0:15:33I don't know how I'd describe this. I guess it's some kind of cellar.
0:15:33 > 0:15:37I mean, I'm thinking straight away to some kind of a wine cellar.
0:15:37 > 0:15:39Talk about character, this bit is absolutely brilliant.
0:15:39 > 0:15:44The only problem is you're now underneath the house
0:15:44 > 0:15:49that's actually backing on to this property, so, before you dig around and change things in here,
0:15:49 > 0:15:53you've got to be very careful, cos the last thing you want to do is have their 42-inch plasma screen
0:15:53 > 0:15:56come down on top of your head as you took out a supporting wall.
0:15:56 > 0:16:00Check it out before you do anything, maybe think about digging down.
0:16:00 > 0:16:04Flying freeholds like this could cause a problem on the mortgage,
0:16:04 > 0:16:07so you want to get yourself an indemnity policy, but who cares.
0:16:07 > 0:16:12This, for me, makes the house very interesting indeed.
0:16:12 > 0:16:18In general, it would be an understatement to say this place needs work.
0:16:18 > 0:16:20Aside from the damp and that super-thin kitchen,
0:16:20 > 0:16:23there's no central heating, just old storage heaters.
0:16:23 > 0:16:28The windows need replacing and the decor, well, it is dated.
0:16:28 > 0:16:33Well, much as I love this place, it does start to go a bit wrong when you come upstairs.
0:16:33 > 0:16:36The layout's not ideal at all,
0:16:36 > 0:16:39because in order to access the second bedroom on the second floor,
0:16:39 > 0:16:41you have to come through the first bedroom on the first floor.
0:16:41 > 0:16:44So, really not a good scenario.
0:16:44 > 0:16:48And here's the other slight problem. This is the only bathroom in the property,
0:16:48 > 0:16:52and to say it's the bathroom, it's not actually, it's your shower room. As you can see, it's tiny.
0:16:52 > 0:16:56It's only marginally bigger than the kitchen downstairs,
0:16:56 > 0:16:58so you definitely want to do something about that.
0:16:58 > 0:17:03The problem is, I don't know where you could put it. Still, we still love it.
0:17:03 > 0:17:06# I put a spell on you
0:17:11 > 0:17:12# Cos you're mine... #
0:17:12 > 0:17:17Yet for me, this place oozes a strange sort of charm.
0:17:17 > 0:17:21Even with that second bedroom on the top floor needing a total makeover,
0:17:21 > 0:17:25it still has an original cast iron fireplace to give it a stamp of character.
0:17:25 > 0:17:30But with a guide price of £58,000 I reckon there will have to be
0:17:30 > 0:17:36a pretty hefty renovation budget on top of that to get the best out of this place.
0:17:38 > 0:17:40For a second opinion,
0:17:40 > 0:17:45let's ask the auctioneer who sold the place what he would do with it.
0:17:46 > 0:17:50It's got a lot of character to it because it's on three floors
0:17:50 > 0:17:52and only one room deep effectively.
0:17:52 > 0:17:55Obviously it has got its limitations as to what you can achieve from it.
0:17:55 > 0:18:00There's quite a lot of damp. The window frames need replacing cos they've got wet rot in them.
0:18:00 > 0:18:04I think you've got to improve your bathroom arrangement somehow,
0:18:04 > 0:18:06and clearly the kitchen arrangement is substandard.
0:18:06 > 0:18:08It depends how far you want to take it
0:18:08 > 0:18:13but I think you could spend £15,000 on it in putting it right.
0:18:13 > 0:18:17You might be able to do it for £10,000 if you do it fairly modestly.
0:18:17 > 0:18:23With its guide price of £58,000, how do the potential returns look?
0:18:23 > 0:18:27This would fetch, I would say, on today's market, around £100,000 when it's renovated.
0:18:27 > 0:18:31What about the rental figures?
0:18:31 > 0:18:36You'd rent it for about £350 a calendar month, I would guess.
0:18:36 > 0:18:39Well, if the cottage itself doesn't hook you,
0:18:39 > 0:18:42the view out of the window certainly will. It's great.
0:18:42 > 0:18:45Let's be honest, this is the sort of property
0:18:45 > 0:18:49that people absolutely fall in love with so I'm sure it was
0:18:49 > 0:18:53a very emotional purchase for the person who bought it at the auction.
0:18:55 > 0:18:59Lot 26, where do you want to be on this one, ladies and gentlemen?
0:18:59 > 0:19:01May I say 60,000 to start me?
0:19:01 > 0:19:04£60,000? 58?
0:19:04 > 0:19:06Put it in at 55 if you will?
0:19:06 > 0:19:0955,000 is bid down the centre, thank you.
0:19:09 > 0:19:13At £55,000 it's a cheap house, ladies and gentlemen.
0:19:13 > 0:19:1655 is my opening bid. 56 on the left.
0:19:16 > 0:19:2057, 58 is bid. 59. At 59.
0:19:20 > 0:19:22And a half. 60,000?
0:19:22 > 0:19:2460,000. And a half?
0:19:24 > 0:19:26£60,000.
0:19:26 > 0:19:3060-and-a-half, 61, 61,500?
0:19:30 > 0:19:3261-and-a-half somewhere else?
0:19:32 > 0:19:36And 61,000 it's going to be sold, ladies and gentlemen.
0:19:36 > 0:19:39At 61,000 once, twice,
0:19:39 > 0:19:42third and last chance, all done at £61,000.
0:19:42 > 0:19:46Down the centre, 61,000, sold, thank you.
0:19:47 > 0:19:51That final bid of £61,000 was made by Rachel.
0:19:51 > 0:19:56She's a trained physiotherapist who currently lives in Derby.
0:19:56 > 0:20:00She plans to live here and, although it isn't Rachel's first ever property,
0:20:00 > 0:20:04it will be her first renovation.
0:20:04 > 0:20:06I met her back at the cottage to find out more.
0:20:07 > 0:20:10- Rachel, lovely to meet you. - Yes, nice to meet you too.
0:20:10 > 0:20:13- Congratulations, this is a lovely little place. - Yes, it's fantastic isn't it?
0:20:13 > 0:20:17Originally we were kinda looking to do a development type thing.
0:20:17 > 0:20:22We saw it and now I've been round it again, it's for me now, definitely!
0:20:22 > 0:20:26- Really?- Yes, yes.- What was it about it that you fell in love with?
0:20:26 > 0:20:30Obviously not the decor! It's just it's the area itself as well,
0:20:30 > 0:20:33when you come in, it's just beautiful. I really love old houses.
0:20:33 > 0:20:38There is just so much potential to put in to make everything
0:20:38 > 0:20:41really lovely and bring it back to life
0:20:41 > 0:20:43and just give it a real homely feeling, really.
0:20:43 > 0:20:45On the one hand it hasn't had a lot of things done to it
0:20:45 > 0:20:48but that's in some ways a positive thing, isn't it?
0:20:48 > 0:20:51Absolutely, it's a blank canvas to work with. It's very exciting.
0:20:51 > 0:20:53I've got lots of ideas and it's going to be a case of
0:20:53 > 0:20:56reigning those ideas in more than anything else, really.
0:20:56 > 0:21:00- So initially it was an investment idea.- Yes.
0:21:00 > 0:21:03Well, we got the idea of buying at auction
0:21:03 > 0:21:05because there was one near our house in Derby
0:21:05 > 0:21:09and that's when we just kept looking at the web pages and seeing what was coming up.
0:21:09 > 0:21:13When we saw this, it was so different to everything else in the brochure, really,
0:21:13 > 0:21:19so we came and had a look around and that was it, it was like, yes, we can do something with this place.
0:21:19 > 0:21:22- Is this something you've done before?- Absolutely not, no.
0:21:22 > 0:21:24I bought a house that I live in but it was a case of
0:21:24 > 0:21:30whack some paint on and make it mine. It was nothing like this. So it's...
0:21:30 > 0:21:32I don't know, it's quite brave, I think.
0:21:32 > 0:21:36I reckon that even for an experienced DIY enthusiast,
0:21:36 > 0:21:38this house could be a daunting prospect.
0:21:38 > 0:21:43While the renovation goes ahead, Rachel will continue to live in Derby.
0:21:43 > 0:21:45What do you do when you're not doing this?
0:21:45 > 0:21:49- I'm a physiotherapist and I work in stroke rehab so...- Oh, wow.
0:21:49 > 0:21:51Yes, it's fantastic. I love it.
0:21:51 > 0:21:55- That's a very, very worthwhile thing, isn't it?- I think so.
0:21:55 > 0:21:58I really enjoy it and I know that I make a big difference.
0:21:58 > 0:21:59It sounds very corny...
0:21:59 > 0:22:03No, my mum had a stroke and the rehab work
0:22:03 > 0:22:08which your colleagues in other parts of the country did was massively important to her.
0:22:09 > 0:22:12Rachel plans to go back to basics
0:22:12 > 0:22:15and renovate the entire cottage from top to bottom.
0:22:15 > 0:22:19She also intends to move the stairs in the middle bedroom
0:22:19 > 0:22:21to better utilise the space up here.
0:22:21 > 0:22:24But where does that leave the unique back room?
0:22:26 > 0:22:28This is very exciting for me
0:22:28 > 0:22:31cos it is just so different to what you see anywhere else.
0:22:31 > 0:22:35- I struggle to think what we could use it for.- Wine cellar! Wine cellar!
0:22:35 > 0:22:39- Wine cellar!- Yes, but our wine never lasts long enough to fill it!
0:22:39 > 0:22:43But, yes, ideally! But we thought we might get the floor lowered
0:22:43 > 0:22:45and then be able to open it up as a bit of a kitchen
0:22:45 > 0:22:47and then have a kitchen-dining area down here,
0:22:47 > 0:22:50and then I'm not really sure.
0:22:50 > 0:22:53If we move the stairs we might be able to put a bathroom down here as well.
0:22:53 > 0:22:56It isn't ideal having a bathroom on the ground floor
0:22:56 > 0:22:58but I think because of the size of the rooms upstairs,
0:22:58 > 0:23:01I wouldn't want compromise much of the space upstairs.
0:23:01 > 0:23:06So this rear room could house a new bathroom which would free up that middle bedroom.
0:23:06 > 0:23:09All this work could throw up many potential problems
0:23:09 > 0:23:13but Rachel's given herself a healthy six-month period to get it done.
0:23:13 > 0:23:17I just hope her budget is equally healthy.
0:23:17 > 0:23:20We've definitely got between £20,000 and £30,000
0:23:20 > 0:23:22and we'll see what we can do with that.
0:23:22 > 0:23:24That's a lot of money.
0:23:24 > 0:23:26Yes, but for example, the damp work.
0:23:26 > 0:23:29Because all the floors have got to come up and everything,
0:23:29 > 0:23:31you're looking at about £10,000 just for that.
0:23:31 > 0:23:34And that's before you have done anything nice to the place.
0:23:34 > 0:23:38Like I say, we've never done this before, we don't know who's good and who's not
0:23:38 > 0:23:40and there are a lot of cowboys out there and it can go wrong.
0:23:40 > 0:23:43We've just had a kitchen fitted and that was a nightmare,
0:23:43 > 0:23:47just getting a kitchen done and not being able to get it done properly.
0:23:47 > 0:23:50That was a tiny project and this is a much bigger project.
0:23:50 > 0:23:52Lots more potential for it to go wrong
0:23:52 > 0:23:55but hopefully lots of potential for it to go right as well.
0:23:55 > 0:23:58- Well, I'm delighted the house found you.- Thank you.
0:23:58 > 0:24:02And good luck with it all. I can't wait to see what you do with it.
0:24:02 > 0:24:04- Yeah, me too! - Good luck.- Thank you.
0:24:05 > 0:24:09Well, it started out as an investment purchase but clearly
0:24:09 > 0:24:13Rachel has completely fallen in love with this place and you can understand why.
0:24:13 > 0:24:17I'm a bit concerned about her budget and the fact she doesn't particularly have a timescale,
0:24:17 > 0:24:21but, whatever, it is going to be a great project.
0:24:21 > 0:24:24Find out how she gets on later in the show.
0:24:25 > 0:24:29In Wiltshire this bungalow has some serious decorating issues.
0:24:29 > 0:24:34Now somebody has really gone to town with that!
0:24:35 > 0:24:40Was Rachel's first-ever renovation in Derbyshire a positive experience?
0:24:40 > 0:24:45I got a builder in and had a bit of a difference of opinion and kind of fell out a little bit.
0:24:46 > 0:24:49But first, did Ziad's ideas for the flat go according to plan?
0:24:49 > 0:24:52The managing company gave us a very good reason why
0:24:52 > 0:24:55we couldn't build the bedroom in the existing kitchen.
0:24:59 > 0:25:02Back to Kilburn in Northwest London,
0:25:02 > 0:25:04where earlier in the programme,
0:25:04 > 0:25:06Ziad bought a one bedroom first floor flat
0:25:06 > 0:25:09in this imposing block, for £211,000.
0:25:09 > 0:25:12A carpenter by trade, he currently lives in West London,
0:25:12 > 0:25:15and is doing a construction management course.
0:25:15 > 0:25:18He has a small portfolio of properties,
0:25:18 > 0:25:22and bought this flat with his dad to renovate and sell on.
0:25:25 > 0:25:28This is a decent-sized one bedroom property, as it stands.
0:25:28 > 0:25:29How will you make the most out of this?
0:25:29 > 0:25:33I plan to extend the kitchen, make it bigger,
0:25:33 > 0:25:34and make that into a bedroom.
0:25:34 > 0:25:37The kitchen will then move into the living room,
0:25:37 > 0:25:40and it'll be an open plan kichen/living room.
0:25:40 > 0:25:43Turning this into a two bedroom flat
0:25:43 > 0:25:45was definitely the right way to go.
0:25:45 > 0:25:49Although the property has a hefty £3,000 annual service charge,
0:25:49 > 0:25:53it does at least cover gas and central heating.
0:25:53 > 0:25:56We return to sunny Kilburn seven months later,
0:25:56 > 0:26:01to see what Ziad has achieved with his flat in this large development.
0:26:01 > 0:26:05The yellow, crumbling lounge is now tastefully decorated
0:26:05 > 0:26:09in various shades of coffee and beige.
0:26:09 > 0:26:13Carpenter Ziad had built a bespoke media centre in the alcove.
0:26:13 > 0:26:16It just needs the 3-D display.
0:26:17 > 0:26:21The layout in the bathroom hasn't changed,
0:26:21 > 0:26:24but the suite most certainly has.
0:26:26 > 0:26:28To maximise the space in the bedroom,
0:26:28 > 0:26:32more purpose-built furniture has been installed.
0:26:36 > 0:26:38The new doors add to the quality appearance here.
0:26:38 > 0:26:43But Ziad's initial plan to convert the kitchen into the second bedroom
0:26:43 > 0:26:45hit problems.
0:26:46 > 0:26:48Originally the idea was,
0:26:48 > 0:26:50"We'll take the kitchen out. We'll move that somewhere else,
0:26:50 > 0:26:52"and do the bedroom in there".
0:26:52 > 0:26:54The managing company gave us a very good reason
0:26:54 > 0:26:57why we couldn't build the bedroom in the existing kitchen.
0:26:57 > 0:27:00All the plumbing in the building runs through the kitchen,
0:27:00 > 0:27:01so we had to rethink our plan,
0:27:01 > 0:27:04and it's worked out better than we originally thought it would.
0:27:04 > 0:27:07What has Ziad done to that kitchen seating area?
0:27:07 > 0:27:09What we did with the second bedroom was,
0:27:09 > 0:27:11this living room was very large and long,
0:27:11 > 0:27:13so we felt we could create a second bedroom.
0:27:13 > 0:27:16We built this third wall, here, at a 45 degree angle,
0:27:16 > 0:27:19to create some extra space between the hallway and the bedroom.
0:27:19 > 0:27:22We blocked the kitchen opening, which is there,
0:27:22 > 0:27:25and we've created a nice, big kitchen opening here.
0:27:25 > 0:27:29Surprisingly, it still creates a lot of space within this living room,
0:27:29 > 0:27:31and we're very happy with that.
0:27:33 > 0:27:36The kitchen's been equipped to a high standard,
0:27:36 > 0:27:38with a washing machine, hob and microwave.
0:27:38 > 0:27:40He's certainly squeezed a lot in.
0:27:40 > 0:27:43The management company for the property
0:27:43 > 0:27:45put on other restrictions as well.
0:27:45 > 0:27:48They wouldn't allow hardwood flooring,
0:27:48 > 0:27:51because of possible noise for the flat below.
0:27:51 > 0:27:54And Ziad's request to replace the window in the new second bedroom
0:27:54 > 0:27:56was also refused.
0:27:56 > 0:28:00But his clever design has certainly maximised the space here.'
0:28:00 > 0:28:02As we did the first fix with the project,
0:28:02 > 0:28:05we realised that we should put the furniture in,
0:28:05 > 0:28:08purely because the main bedroom is quite awkward in shape,
0:28:08 > 0:28:11and putting fitted beds or fitted wardrobes in would make sense.
0:28:11 > 0:28:14Ziad designed the furniture himself,
0:28:14 > 0:28:17and project-managed the team that did the refurbishment.
0:28:17 > 0:28:19I don't do too much building work.
0:28:19 > 0:28:21But when it came to the fitted furniture,
0:28:21 > 0:28:25it's something I like doing, so I helped out in that.
0:28:25 > 0:28:28The work has taken a little longer than planned,
0:28:28 > 0:28:30but there was a delay starting,
0:28:30 > 0:28:33while the management company considered the application
0:28:33 > 0:28:34for the second bedroom.
0:28:34 > 0:28:38So, how much has Ziad had to spend?
0:28:38 > 0:28:40I've spent about £25,000
0:28:40 > 0:28:43in building work on the flat, so far.
0:28:45 > 0:28:47My initial budget was about £20,000.
0:28:47 > 0:28:51Ziad's not concerend that the £3,000 service charge
0:28:51 > 0:28:53might deter potential tenants, or a buyer,
0:28:53 > 0:28:56as he sees it as a fixed cost in a variable market.
0:28:56 > 0:29:00It covers central heating and gas.
0:29:00 > 0:29:02We live in an age where gas prices are going up.
0:29:02 > 0:29:06The service charge is fixed in this building for quite a number of years,
0:29:06 > 0:29:09so I think that's quite attractive to people.
0:29:12 > 0:29:14Time to get some local expert property advice.
0:29:14 > 0:29:17Will the added bedroom get the thumbs up?
0:29:17 > 0:29:20He's done a better than average job here.
0:29:20 > 0:29:23Nicely decorated. He's put some really decent design features in,
0:29:23 > 0:29:25in terms of the custom-built bed,
0:29:25 > 0:29:28the custom-built desk in the living room.
0:29:28 > 0:29:30Nicer than average bathroom.
0:29:30 > 0:29:32Overall, I'm impressed.
0:29:32 > 0:29:33I think it's very nice.
0:29:33 > 0:29:36They've done some nice decorative features with the media centre.
0:29:36 > 0:29:38The kitchen looks very, very nice, as well.
0:29:38 > 0:29:42Both bedrooms are small, but they've actually kept a decent-sized
0:29:42 > 0:29:45living room, which is the most important room in a flat.
0:29:45 > 0:29:46We would market this as a two bedroom flat,
0:29:46 > 0:29:49even though the second bedroom is a little small.
0:29:49 > 0:29:52It possibly lends itself to being a study,
0:29:52 > 0:29:55a separate dining area, or an occasional guestroom.
0:29:55 > 0:29:59Ziad and his father paid £211,000 for the flat,
0:29:59 > 0:30:01and the building costs have hit 25 grand.
0:30:01 > 0:30:06So, is it now worth more than the £236,000 they've invested here?
0:30:09 > 0:30:12This flat should sell for around £275,000.
0:30:12 > 0:30:15If I was to put this on the market, I would certainly put it on
0:30:15 > 0:30:19at £279,950.
0:30:19 > 0:30:22I would expect to get offers in excess of £270,000.
0:30:22 > 0:30:25We just put it on the market last week,
0:30:25 > 0:30:28and it's on the market for £279,950.
0:30:28 > 0:30:30If it sells, we're happy.
0:30:30 > 0:30:32If it doesn't sell, it's a perfect place for rental.
0:30:32 > 0:30:37If the flat did sell at that price of just under £280,000,
0:30:37 > 0:30:40it could generate a gross profit,
0:30:40 > 0:30:44before the usual selling expenses, of 44 grand.
0:30:44 > 0:30:46But, how do the rental figures look?
0:30:46 > 0:30:49I would put this flat on the rental market
0:30:49 > 0:30:52at between £1,500 and £1,300 a month.
0:30:52 > 0:30:54If I was renting this property,
0:30:54 > 0:30:56I would rent it for
0:30:56 > 0:30:59certainly in excess of £1,000 per calendar month.
0:30:59 > 0:31:01And would be disappointed if I got less than £1,200
0:31:01 > 0:31:04per calendar month.
0:31:04 > 0:31:05I'm happy with the rental figures.
0:31:05 > 0:31:08That's exactly what I thought it would go for.
0:31:08 > 0:31:11If it doesn't sell in the time that we've got in mind,
0:31:11 > 0:31:12which is about two months,
0:31:12 > 0:31:14then I don't mind putting it up for rent.
0:31:14 > 0:31:18Since filming, he sold it for £262,000,
0:31:18 > 0:31:21meaning a gross profit of 26 grand.
0:31:21 > 0:31:24Although the management company rejected his initial plan,
0:31:24 > 0:31:26he's created an impressive flat.
0:31:26 > 0:31:29But, would he buy freehold in the future?
0:31:29 > 0:31:32I would like to buy and invest in properties in the future.
0:31:32 > 0:31:34As far as manage block's concerned, I would think long and hard,
0:31:34 > 0:31:36depending on the kind of block it is.
0:31:36 > 0:31:39There were some problems, but they weren't major problems.
0:31:39 > 0:31:42They're problems we can go around. I wouldn't mind doing it again.
0:31:49 > 0:31:52This is the beautiful village of Tisbury, in Wiltshire.
0:31:52 > 0:31:55Popular with commuters because of its direct line links
0:31:55 > 0:31:57to London and Exeter.
0:31:57 > 0:32:00It's also only 13 miles to Salisbury,
0:32:00 > 0:32:02and it's believed stone quarried in this area
0:32:02 > 0:32:05was used to build Salisbury Cathedral.
0:32:05 > 0:32:09Just a short walk from that pretty village centre,
0:32:09 > 0:32:11is the property I'm here to see today.
0:32:11 > 0:32:14It's a three bedroom 1960s bungalow.
0:32:14 > 0:32:19It had a guide price of £200,000 to £225,000.
0:32:19 > 0:32:21Now, I've got to say,
0:32:21 > 0:32:23it's not hugely attractive.
0:32:23 > 0:32:25But bungalows usually prove to be popular,
0:32:25 > 0:32:28because they don't really get built any more.
0:32:28 > 0:32:30I'm going to have a look around.
0:32:30 > 0:32:32They do say looks aren't everything,
0:32:32 > 0:32:34and this bungalow does have a lot to offer.
0:32:34 > 0:32:38For example, it already has double-glazed windows,
0:32:38 > 0:32:41and a detached garage and driveway.
0:32:44 > 0:32:47So, the single-storey house.
0:32:47 > 0:32:48It's not always for everybody,
0:32:48 > 0:32:52but I happen to think it offers so much more space.
0:32:52 > 0:32:55For starters, look at this hallway. It's absolutely huge.
0:32:55 > 0:32:57And really welcoming.
0:32:57 > 0:32:59There are two types of central heating here.
0:32:59 > 0:33:02A bit excessive. I'm not sure why that's there,
0:33:02 > 0:33:03so I'd probably get rid of this.
0:33:03 > 0:33:07You have three really good-sized bedrooms here,
0:33:07 > 0:33:10a kitchen, and let's go in here,
0:33:10 > 0:33:12and look at this rather interesting ceiling.
0:33:12 > 0:33:17Somebody has really gone to town with that. Wow!
0:33:17 > 0:33:19Can't say I'm a huge fan of Artex.
0:33:19 > 0:33:22I think the first thing I would do would be to get rid of that.
0:33:22 > 0:33:24But you have a wonderful room.
0:33:24 > 0:33:26It's dated.
0:33:26 > 0:33:29It could really do with a bit of 2010 modernisation, I think.
0:33:29 > 0:33:33Lovely garden. Yeah, I really like it. It ticks all the boxes.
0:33:33 > 0:33:36MUSIC: "Theme from The Big Country" by Jerome Moross
0:33:36 > 0:33:38It's the space here that's impressive.
0:33:38 > 0:33:40This lounge is massive.
0:33:40 > 0:33:42The kitchen's almost a kitchen/diner,
0:33:42 > 0:33:44and the bedroom sizes aren't too shabby, either.
0:33:44 > 0:33:47Wow! It all looks so spacious.
0:33:47 > 0:33:49And then there's the bathroom.
0:33:49 > 0:33:50STYLUS SCRATCHING VINYL
0:33:50 > 0:33:53"What's she doing in the bath?" I hear you say.
0:33:53 > 0:33:55Well, I'm a small person.
0:33:55 > 0:33:59Which means this is an extremely small bath.
0:33:59 > 0:34:02In fact, I think I'm right in saying
0:34:02 > 0:34:04it's just half a bath. No good.
0:34:04 > 0:34:07When you look at this house, there is space, space, space everywhere.
0:34:07 > 0:34:09All the bedrooms are doubled.
0:34:09 > 0:34:13It's a bit disappointing to get into the only bathroom in the house,
0:34:13 > 0:34:14and find it this small.
0:34:14 > 0:34:17What I think I would do is knock next-door into the loo,
0:34:17 > 0:34:19open this space up,
0:34:19 > 0:34:22and have one lovely luxury room.
0:34:22 > 0:34:25MUSIC: "So Small" by Carrie Underwood
0:34:28 > 0:34:30This bathroom seems so small,
0:34:30 > 0:34:33compared with the rest of the space available here.
0:34:33 > 0:34:35But it really shouldn't be too difficult
0:34:35 > 0:34:39to open this up into a better-sized bathroom.
0:34:39 > 0:34:42And it's not just the inside of the bungalow
0:34:42 > 0:34:44where there's room to relax and unwind.
0:34:44 > 0:34:47This house sits slap bang in the middle of this plot,
0:34:47 > 0:34:50so there's no large garden at the back here.
0:34:50 > 0:34:54Instead, it's sort of wrapped around these three sides.
0:34:54 > 0:34:57So, you could extend out here, I suppose.
0:34:57 > 0:35:00But look at the pitch of this roof.
0:35:00 > 0:35:03I reckon you could easily do a loft extension here.
0:35:03 > 0:35:05You could put a dormer window up there,
0:35:05 > 0:35:08and there you have a master bedroom with its own en suite.
0:35:08 > 0:35:11I think it would really add bucks to this bungalow,
0:35:11 > 0:35:13and take it into another league.
0:35:13 > 0:35:17MUSIC: "Turn It Up" by The Feeling
0:35:17 > 0:35:20Turning this into a dormer bungalow could really turn up the value.
0:35:20 > 0:35:23And, for me, that's got to be the way to go.
0:35:26 > 0:35:31What does the local estate agent think about this Tisbury property?
0:35:31 > 0:35:33It probably has been decorated for 10, 15 years.
0:35:33 > 0:35:36So it does need some tidying up.
0:35:36 > 0:35:39But, other than that, it's in good order.
0:35:39 > 0:35:41It could do with a new kitchen, new bathroom.
0:35:41 > 0:35:43But it's not that bad.
0:35:43 > 0:35:46Would he recommend extending it?
0:35:46 > 0:35:51With regard to extension, probably wouldn't go out.
0:35:51 > 0:35:53Essentially, within its plot, there's not too much to the sides.
0:35:53 > 0:35:56You could put a conservatory off the kitchen.
0:35:56 > 0:35:59What I probably would recommend, though, is,
0:35:59 > 0:36:02because of the pitch on the roof, you could go into the roof,
0:36:02 > 0:36:03and create more rooms there.
0:36:03 > 0:36:06So there are opportunities to improve here,
0:36:06 > 0:36:09but would it be worth it, particularly for the rental market?
0:36:09 > 0:36:13There is a strong rental market, but I don't think you'd get any more
0:36:13 > 0:36:15than about £700/£750 a month.
0:36:15 > 0:36:19Once refurbished, what about the sale value for this place,
0:36:19 > 0:36:23that was guided at between £200,000 and £225,000?
0:36:23 > 0:36:26If you tidied the property up, as it is at the moment,
0:36:26 > 0:36:29I think you could probably put it on the market for £235,000.
0:36:29 > 0:36:32If you went up into the loft space,
0:36:32 > 0:36:35then you could get to £275,000.
0:36:35 > 0:36:39However, stamp duty stands at £250,000,
0:36:39 > 0:36:41so you've got to do a very good job
0:36:41 > 0:36:45to push it substantially above stamp duty at £250,000.
0:36:45 > 0:36:48Financially, the loft extension could be a gamble.
0:36:48 > 0:36:50Done well, it could pay dividends.
0:36:50 > 0:36:53Otherwise, it may not add much value at all.
0:36:55 > 0:36:58This bungalow offers space.
0:36:58 > 0:37:01It only needs a basic refurb and modernisation.
0:37:01 > 0:37:04And it has the potential to go up into the loft, or to extend.
0:37:04 > 0:37:06Hey, what's not to like?
0:37:06 > 0:37:09Let's see what happened when it went under the hammer.
0:37:12 > 0:37:16Lot four is our guide of £200,000 to £225,000.
0:37:16 > 0:37:20Someone like to put me at the higher part of the guide, at £225,000?
0:37:20 > 0:37:23£200,000. Thank you very much.
0:37:23 > 0:37:26Looking for £5,000 bids. £205,000.
0:37:26 > 0:37:29£210,000. £215,000. £220,000.
0:37:29 > 0:37:31£225,000.
0:37:31 > 0:37:33£226,000. Treat you the same?
0:37:33 > 0:37:35£227,000.
0:37:35 > 0:37:38At £227,000.
0:37:38 > 0:37:40£227,000.
0:37:40 > 0:37:42In the stalls, then. At £227,000.
0:37:42 > 0:37:45Hammer comes straight down again.
0:37:45 > 0:37:49At £227,000.
0:37:49 > 0:37:51HAMMER BANGS Well done, Emma.
0:37:51 > 0:37:54The winning bid of £227,000,
0:37:54 > 0:37:56just above the guide price,
0:37:56 > 0:37:59was made by local couple, Emma and Nick.
0:37:59 > 0:38:00Nick's an electrician,
0:38:00 > 0:38:03and Emma works for a patient aftercare service,
0:38:03 > 0:38:05but is currently on maternity leave,
0:38:05 > 0:38:08looking after their five-month-old son, George.
0:38:12 > 0:38:14Guys, congratulations.
0:38:14 > 0:38:17How did you find out about this bungalow, Emma?
0:38:17 > 0:38:19It all started after a conversation with my brother
0:38:19 > 0:38:21about how much we could get for a mortgage.
0:38:21 > 0:38:25We went onto the internet, had a look to see what was about,
0:38:25 > 0:38:27and we saw this property.
0:38:27 > 0:38:30A lightbulb went on in our heads,
0:38:30 > 0:38:31as if, "Can we get it?"
0:38:31 > 0:38:35Within a couple of days, we'd come to see it.
0:38:35 > 0:38:37We put an offer in with the owner,
0:38:37 > 0:38:40to try and get it before the auction, and he refused twice.
0:38:42 > 0:38:46Then we went on to think, "Let's apply for a mortgage.
0:38:46 > 0:38:48"Get a survey done. Talk to a solicitor,
0:38:48 > 0:38:51"and go the auction and see what happens".
0:38:51 > 0:38:53Can I be cheeky and ask you how much did you offer on this,
0:38:53 > 0:38:55prior to auction?
0:38:55 > 0:38:58It was £225,000 to start, and then we went up to £230,000.
0:38:58 > 0:39:03We left it at that when he said he wants substantially more.
0:39:03 > 0:39:06And you paid £227,000? Wow!
0:39:06 > 0:39:08That was such luck for you, wasn't it?
0:39:08 > 0:39:09It was very good, yeah.
0:39:09 > 0:39:12So, at last, they've got the place they wanted.
0:39:12 > 0:39:15As they're currently living in rented accommodation,
0:39:15 > 0:39:17this will be the first property of their own.
0:39:17 > 0:39:20But, even at the price they paid at auction,
0:39:20 > 0:39:23getting the bungalow has been a stretch financially.
0:39:23 > 0:39:27We had a mortgage in the process of being sorted out.
0:39:27 > 0:39:29But then we didn't go with it, in the end.
0:39:29 > 0:39:33On the day, we didn't have a mortgage at all, when we won the house.
0:39:33 > 0:39:37We've managed to get a mortgage, and get it all sorted out
0:39:37 > 0:39:39- in four weeks to the day, wasn't it? - Mm.
0:39:39 > 0:39:43Oh! So, how stressful has it been for you?
0:39:43 > 0:39:45Yeah, very.
0:39:45 > 0:39:48Probably one of the most stressful things, ever, that's happened,
0:39:48 > 0:39:51because it was looking like they were going to refuse our mortgage.
0:39:51 > 0:39:54In the end, they gave us £13,000 less than we needed.
0:39:54 > 0:39:58So, I've got big thanks to my mum and dad,
0:39:58 > 0:40:01who've bailed us out and lent us the money.
0:40:01 > 0:40:05We're going to repay them, on top of the mortgage we've got.
0:40:05 > 0:40:09How much money has that left you for renovations for this house?
0:40:09 > 0:40:12Zero pounds.
0:40:12 > 0:40:15Literally, you have nothing to spend on this house?
0:40:15 > 0:40:18Well, once we get our deposit back from our rental property,
0:40:18 > 0:40:20we've got £1,000.
0:40:20 > 0:40:22But, until then, nothing.
0:40:22 > 0:40:25MUSIC: "Money's Too Tight To Mention" by Simply Red
0:40:25 > 0:40:29£1,000? That's not much. But this place IS liveable now.
0:40:29 > 0:40:32A few pots of paint would do wonders,
0:40:32 > 0:40:35and Nick's an electrician, so they can do THAT on the cheap.
0:40:35 > 0:40:38They plan to do one of the bedrooms up fully for George,
0:40:38 > 0:40:41then do some work on the living room and garden.
0:40:41 > 0:40:43So, £1,000 is not going to get you very far.
0:40:43 > 0:40:46- No! - HE LAUGHS
0:40:46 > 0:40:48Have you got a really long-term plan for this?
0:40:48 > 0:40:53- Yes.- We were thinking about eventually, at some point,
0:40:53 > 0:40:55putting a conservatory off of the kitchen.
0:40:55 > 0:40:58So it would come out in the same place as the patio is now.
0:40:58 > 0:41:01And then maybe extending into the loft.
0:41:01 > 0:41:04I think there's space for another bedroom, an en suite,
0:41:04 > 0:41:05and maybe some storage.
0:41:05 > 0:41:09But, ultimately this is going to be a family home for us,
0:41:09 > 0:41:10hopefully for a good few years.
0:41:10 > 0:41:12So, a fourth bedroom will be handy,
0:41:12 > 0:41:15but it's not so much about the resale,
0:41:15 > 0:41:18it's about making it big enough for us to all live in.
0:41:18 > 0:41:21So, is this your dream home, would you say?
0:41:21 > 0:41:24Have you found the right place for you to mature as a family?
0:41:24 > 0:41:27It's nice cos we have a big garden, we've got a vegetable patch.
0:41:27 > 0:41:31I've got one where we are now. We've got enough room for the chickens.
0:41:33 > 0:41:36It's going to be a good home for life.
0:41:36 > 0:41:40Bar a win on the lottery, I'd say it's what we wanted.
0:41:40 > 0:41:43So, when are you moving in? The big question.
0:41:43 > 0:41:45- Friday.- Two days.
0:41:45 > 0:41:47In a couple of days' time? Guys, good luck.
0:41:47 > 0:41:50I'm so pleased you managed to get this property in the end,
0:41:50 > 0:41:52and I know George will love his new home.
0:41:52 > 0:41:56- Great. Thank you very much.- Lovely to meet you.- Cheers. Thanks.
0:41:56 > 0:41:58MUSIC: "Home At Last" by Steely Dan
0:41:58 > 0:42:02# Could it be that I have found my home at last?
0:42:02 > 0:42:05# Home at last. #
0:42:07 > 0:42:11I love the fact this bungalow will become Em and Nick and baby George's
0:42:11 > 0:42:13"home for life", as Emma says.
0:42:13 > 0:42:17But they basically have next to no budget to do any work here.
0:42:17 > 0:42:21So, will that dated decor still be in place?
0:42:21 > 0:42:24ill that ceiling still have all that Artex smeared all over it?
0:42:24 > 0:42:26I hope not!
0:42:26 > 0:42:29Find out what happens, later on in the programme.
0:42:31 > 0:42:35Work should be well underway on our properties.
0:42:35 > 0:42:37There's been plenty of time to do it.
0:42:37 > 0:42:40When we return, though, will there be pots of paint,
0:42:40 > 0:42:41brick dust, and ladders everywhere?
0:42:41 > 0:42:43Or will they look brand-new?
0:42:43 > 0:42:46I think we should go back, and find out.
0:42:47 > 0:42:49Back by the river Derwent now,
0:42:49 > 0:42:52and the gorgeous village of Milford, near Belper.
0:42:52 > 0:42:56Here, Rachel, a physiotherapist from nearby Derby,
0:42:56 > 0:43:01bought this lovely two bedroomed house for £61,000.
0:43:01 > 0:43:04She didn't exactly have the ideal background or experience
0:43:04 > 0:43:07to tackle a cottage with some serious renovation conundrums.
0:43:07 > 0:43:11None more intriguing than the cellar at the back.
0:43:11 > 0:43:13Is this something you've done before?
0:43:13 > 0:43:14Absolutely not.
0:43:14 > 0:43:16I bought a house, that I live in,
0:43:16 > 0:43:18but it was a case of "wax and paint on, and make it mine".
0:43:18 > 0:43:20But it was nothing like this at all.
0:43:22 > 0:43:24I don't know. It's quite brave, I think.
0:43:25 > 0:43:28That was just under three years ago.
0:43:28 > 0:43:31Most renovations don't take this long,
0:43:31 > 0:43:33so let's see what Rachel has achieved.
0:43:35 > 0:43:37Well, the outside has been given a make over,
0:43:37 > 0:43:41with new windows and a lick of paint.
0:43:41 > 0:43:44Inside, the living room is now light and airy,
0:43:44 > 0:43:48with the added bonus of a beautiful, large open fireplace.
0:43:48 > 0:43:52And that kitchen has gone, so is it where I think it is?
0:43:52 > 0:43:54MUSIC: "Right Moves" by Josh Ritter
0:43:54 > 0:43:56# Am I making all the right moves?
0:43:56 > 0:44:01# Am I singing you the right blues? #
0:44:04 > 0:44:06In here, you had to step up into this room.
0:44:06 > 0:44:09It wasn't really usable space before.
0:44:09 > 0:44:12So, we actually had to have the floor lowered,
0:44:12 > 0:44:14which turned out to be a major piece of work.
0:44:14 > 0:44:16All the walls needed underpinning,
0:44:16 > 0:44:19and this room isn't actually really part of my house.
0:44:19 > 0:44:22It's effectively the cellar of the house above.
0:44:22 > 0:44:26That was a big job, making sure that was done properly.
0:44:26 > 0:44:29I just thought it was perfect space for a kitchen.
0:44:29 > 0:44:31It's turned out really well.
0:44:31 > 0:44:33I've got these oak units in here,
0:44:33 > 0:44:35and I think that looks quite good,
0:44:35 > 0:44:38in keeping with the country cottage-style theme.
0:44:38 > 0:44:42In here, obviously there was a major problem with damp.
0:44:42 > 0:44:44Wallpaper was kind of falling off the walls,
0:44:44 > 0:44:47so I had to take everything back to the stone.
0:44:47 > 0:44:51The only thing in the whole house that didn't need doing,
0:44:51 > 0:44:53at the time when I bought it,
0:44:53 > 0:44:54was the ceiling in this room.
0:44:54 > 0:44:58But actually the pipes burst last winter, so there was a major leak.
0:44:58 > 0:45:01So this ceiling had to come down.
0:45:01 > 0:45:04But, actually, happy accident, cos it has these lovely beams now.
0:45:04 > 0:45:07So, a bit of extra work, but not too much of a problem.
0:45:07 > 0:45:08I like how it's turned out.
0:45:08 > 0:45:11A happy accident, indeed, Rachel.
0:45:11 > 0:45:15The beams have put the cottage look back into this room,
0:45:15 > 0:45:18and the quirky but stylish kitchen looks great, too.
0:45:18 > 0:45:20OK, so there's no natural light at the back,
0:45:20 > 0:45:22but there's still ample lighting to make up for it.
0:45:22 > 0:45:25So that's one problem solved.
0:45:26 > 0:45:30Time to head up to the first floor,
0:45:30 > 0:45:32where Rachel's done some reconfiguration
0:45:32 > 0:45:36to make the space much more practical, and create a corridor.
0:45:36 > 0:45:42So, in here, originally there was a bathroom over in the other corner.
0:45:42 > 0:45:44I got sledgehammer-happy one weekend,
0:45:44 > 0:45:46knocked that down,
0:45:46 > 0:45:48and put up this wall, here,
0:45:48 > 0:45:50to make a separate bathroom.
0:45:50 > 0:45:53And then you've got your separate spare bedroom here.
0:45:53 > 0:45:55Previously you had to walk through the bedroom
0:45:55 > 0:45:57to go up to the main bedroom.
0:45:57 > 0:45:59So it separates everything else.
0:45:59 > 0:46:03Another problem solved, with a bathroom also added.
0:46:05 > 0:46:08Up on the top floor, a total refurbishment
0:46:08 > 0:46:09has given the main bedroom,
0:46:09 > 0:46:12with its original floorboards and doors restored,
0:46:12 > 0:46:14a lovely warm, rustic feel.
0:46:14 > 0:46:16So, was the renovation
0:46:16 > 0:46:19a heart-warming experience for Rachel?
0:46:19 > 0:46:22This room was actually one of my first jobs.
0:46:22 > 0:46:25I set about demolishing all the plaster straightaway,
0:46:25 > 0:46:27but I had to get a professional in.
0:46:27 > 0:46:30I got a builder in, and put my trust in him.
0:46:30 > 0:46:34I had a bit of a difference of opinion, and fell out a little bit.
0:46:34 > 0:46:36And went our separate ways.
0:46:36 > 0:46:40With only half the work complete, the fall out with her builder
0:46:40 > 0:46:43hampered Rachel's enthusiasm for the project.
0:46:43 > 0:46:47So, metaphorically, she closed the door on the renovation
0:46:47 > 0:46:48for over a year and a half.
0:46:48 > 0:46:52If I'm honest, I never really felt the push to get things sorted,
0:46:52 > 0:46:55because, financially, the climate as it is at the moment,
0:46:55 > 0:46:58the market wasn't very good to sell.
0:46:58 > 0:47:00So I knew I had a bit of breathing space, anyway.
0:47:00 > 0:47:02After getting her breath back,
0:47:02 > 0:47:06Rachel restarted the renovation eight months ago,
0:47:06 > 0:47:09and did some of the demolition jobs, as well as project managing.
0:47:11 > 0:47:14There are only a few days' work left
0:47:14 > 0:47:16before the house is 100 percent complete,
0:47:16 > 0:47:20but it seems that Rachel won't be around to enjoy it.
0:47:20 > 0:47:22Unfortunately, three years, obviously lives change.
0:47:22 > 0:47:26I've been very fortunate enough to be given a career break from my job,
0:47:26 > 0:47:27for six months.
0:47:27 > 0:47:29So, I'm actually going travelling.
0:47:29 > 0:47:32It would make more sense for me now to put this on the market,
0:47:32 > 0:47:34and hope that it sells.
0:47:34 > 0:47:35I go in four days,
0:47:35 > 0:47:37so it doesn't give me long to get things tied up.
0:47:37 > 0:47:39But, nothing like living on the edge.
0:47:39 > 0:47:40Good for you, Rachel.
0:47:40 > 0:47:43But, while she may feel she's living on the edge,
0:47:43 > 0:47:48did the long delay push her 20 to 30 grand budget over it?
0:47:48 > 0:47:50I haven't done my final sums yet.
0:47:50 > 0:47:52We're nearly there, but not quite yet.
0:47:52 > 0:47:56But I'm think around the £25,000 to £30,000 mark.
0:47:56 > 0:47:58So it wasn't too far out.
0:47:58 > 0:48:02Add that to her original purchase price, back in 2009,
0:48:02 > 0:48:05of £61,000,
0:48:05 > 0:48:09and her total outlay could be a possible £91,000.
0:48:09 > 0:48:13So, what do two local property experts make of her efforts?
0:48:15 > 0:48:18First impressions are actually quite lovely.
0:48:18 > 0:48:21It's far different to when I first saw it.
0:48:21 > 0:48:23Clean, tidy, appealing.
0:48:23 > 0:48:25And got some lovely character to it, too.
0:48:25 > 0:48:28I suppose it always had that. It's that it's been exploited.
0:48:30 > 0:48:32First impressions, it's been finished very well.
0:48:32 > 0:48:36It's light and bright, which is unusual for a cottage.
0:48:36 > 0:48:39I particularly like that she's put character windows in here,
0:48:39 > 0:48:41that it's got the oak finish in the kitchen,
0:48:41 > 0:48:43the original fireplaces.
0:48:43 > 0:48:45It still has quite a lot of character.
0:48:45 > 0:48:48Looking at the quality of what's been achieved,
0:48:48 > 0:48:51I would say quite a lot of thought,
0:48:51 > 0:48:53quite a lot of care has gone into it.
0:48:53 > 0:48:55And the workmanship appears to be good.
0:48:55 > 0:48:59Specification of the kitchen is fine. Bathroom looks good, too.
0:48:59 > 0:49:00And, looking around,
0:49:00 > 0:49:02I think she's done all she could do with it.
0:49:02 > 0:49:05So, with Rachel planning to sell it,
0:49:05 > 0:49:08and bearing that 91 grand outlay in mind,
0:49:08 > 0:49:11how much could this property achieve, if sold?
0:49:12 > 0:49:15I would suggest it would probably have a value of about £120,000
0:49:15 > 0:49:18to £125,000.
0:49:18 > 0:49:21I'd market this property at £138,000.
0:49:21 > 0:49:24Hopefully to achieve £135,000.
0:49:24 > 0:49:26That range of sales figures
0:49:26 > 0:49:28could give Rachel a potential pre-tax profit
0:49:28 > 0:49:32of between 29,000 and 44,000 quid.
0:49:34 > 0:49:37Obviously, that's a fairly decent profit,
0:49:37 > 0:49:40even if you go for the lower amount, if it was only to fetch £120,000.
0:49:40 > 0:49:44So, I think I'd be happy to say that's quite a good success!
0:49:44 > 0:49:47Well, let's hope that Rachel can make that sort of profit
0:49:47 > 0:49:49before she ups sticks and starts her travels.
0:49:49 > 0:49:52Then, what are her plans for the future?
0:49:52 > 0:49:56# Am I making all the right moves? #
0:49:56 > 0:49:58The plan for me now is obviously, in four days,
0:49:58 > 0:50:02I'm jetting off on my travels, for six months.
0:50:02 > 0:50:06Then, when I come back, I'll definitely be looking
0:50:06 > 0:50:09for somewhere to live, somewhere to buy.
0:50:09 > 0:50:11So, watch this space.
0:50:18 > 0:50:20It's now back to Tisbury, in Wiltshire,
0:50:20 > 0:50:23where earlier we met Emma and Nick,
0:50:23 > 0:50:25and their five-month-old baby, George,
0:50:25 > 0:50:29who bought this three bedroom bungalow for £227,000.
0:50:29 > 0:50:32This was going to be their first family home.
0:50:32 > 0:50:37with lots of space and potential, the future looked rosy.
0:50:37 > 0:50:38OK, the decor was dated,
0:50:38 > 0:50:42and there was a bathroom you had to squeeze to get into,
0:50:42 > 0:50:47but financing the move had put a real squeeze on their finances.
0:50:47 > 0:50:51How much money has that left you for renovations for this house?
0:50:51 > 0:50:52Zero pounds.
0:50:52 > 0:50:54HE LAUGHS
0:50:54 > 0:50:58Literally, you have nothing to spend on this house?
0:50:58 > 0:51:01Well, once we get our deposit back from our rental property,
0:51:01 > 0:51:02we've got £1,000.
0:51:02 > 0:51:04But, until then, nothing.
0:51:04 > 0:51:08It's just as well for Emma and Nick that, apart from its tired state,
0:51:08 > 0:51:10there wasn't a lot wrong with the bungalow.
0:51:10 > 0:51:13But it will be interesting to see what they did
0:51:13 > 0:51:15with that £1,000 budget.
0:51:18 > 0:51:23Well, 13 months later, and the living room hasn't been redecorated.
0:51:23 > 0:51:26But with furnishings, it does now look much more
0:51:26 > 0:51:28like a cosy family space.
0:51:31 > 0:51:35But the kitchen has had a mini make over, as Nick explains.
0:51:39 > 0:51:40Right, this is the kitchen.
0:51:40 > 0:51:44We've done a fair amount of work in here.
0:51:44 > 0:51:47We've painted the cupboards, we've painted the walls.
0:51:47 > 0:51:50We've put in some under-cupboard lighting, as well,
0:51:50 > 0:51:53to give it a nice feel later on in the evening.
0:51:53 > 0:51:57Next step is to change the work surfaces, and then do the floor,
0:51:57 > 0:51:59and then we're done.
0:51:59 > 0:52:03There's also been a splash of paint in the main bedroom,
0:52:03 > 0:52:05with the walls redecorated.
0:52:05 > 0:52:09The spare bedroom has also had the same sort of refurbishment.
0:52:11 > 0:52:14Unfortunately, Nick and Emma's tight budget
0:52:14 > 0:52:17means the bathroom and loo have remained untouched,
0:52:17 > 0:52:19although they hope to rectify that soon.
0:52:19 > 0:52:24But out of all the rooms, it's toddler George, now 17 months,
0:52:24 > 0:52:28whose bedroom had the five-star treatment.
0:52:28 > 0:52:30Right, this is George's room.
0:52:30 > 0:52:33We've painted the walls quite a nice yellow.
0:52:33 > 0:52:36We've re-carpeted it. He really likes it in here.
0:52:36 > 0:52:39He loves sitting in here, and reading his books on his own
0:52:43 > 0:52:45George is in the living room now,
0:52:45 > 0:52:48clearly at home in his new surroundings.
0:52:48 > 0:52:50It appears it didn't take Nick and Emma long
0:52:50 > 0:52:52to get settled in, either.
0:52:52 > 0:52:55The house wasn't unliveable.
0:52:55 > 0:52:57It's just not to our taste.
0:52:57 > 0:53:01We've literally been doing stuff up until two days before you came.
0:53:01 > 0:53:04I was doing stuff last night, I think.
0:53:04 > 0:53:07Yeah. I was sweeping the drive, or trying to.
0:53:07 > 0:53:10So, it's an ongoing project.
0:53:13 > 0:53:15They will redecorate the living room next,
0:53:15 > 0:53:18which means getting to grips with the Artex ceiling,
0:53:18 > 0:53:20and getting that bathroom sorted.
0:53:20 > 0:53:22Fortunately, as their budget was limited,
0:53:22 > 0:53:25there were no big surprises.
0:53:25 > 0:53:28There haven't really been any problems,
0:53:28 > 0:53:32but we both work. We've got George.
0:53:32 > 0:53:33And it's just a matter of time.
0:53:33 > 0:53:35Nick works long hours,
0:53:35 > 0:53:38so by the time he gets home, the last thing he wants to do is DIY.
0:53:38 > 0:53:40But we haven't had any major problems.
0:53:40 > 0:53:44In fact, one area full of changes and surprises was the garden,
0:53:44 > 0:53:48where the couple have embraced the good life.
0:53:51 > 0:53:53And it's not just vegetables they're rearing.
0:53:53 > 0:53:56Nick has built a large chicken coop,
0:53:56 > 0:53:57and, with Woody the dog on guard,
0:53:57 > 0:54:01hopefully there will be lots of fresh eggs on the menu.
0:54:01 > 0:54:03MUSIC: "Do The Funky Chicken" by Rufus Thomas
0:54:03 > 0:54:05# Do the funky chicken now
0:54:05 > 0:54:08# Do the funky chicken now. #
0:54:08 > 0:54:11And it's out here that with their budget already thinly-stretched,
0:54:11 > 0:54:14they had to purchase a new oil tank for the heating.
0:54:14 > 0:54:18Obviously, spending money on the oil tank has been a pain,
0:54:18 > 0:54:20because if we had a choice,
0:54:20 > 0:54:24we wouldn't choose to spend money on an oil tank.
0:54:24 > 0:54:26We'd probably do something different,
0:54:26 > 0:54:28but, unfortunately, that's the way it's happened.
0:54:28 > 0:54:31Yeah. You need heating.
0:54:31 > 0:54:33HE LAUGHS C'est la vie.
0:54:33 > 0:54:35Along with the other improvements,
0:54:35 > 0:54:37the new oil tank has pumped up the budget
0:54:37 > 0:54:40from £1,000 to £2,500.
0:54:40 > 0:54:43Add that to the purchase price of £227,000,
0:54:43 > 0:54:47and the couple's outlay is just under 230 grand.
0:54:47 > 0:54:51Was it money well spent?
0:54:53 > 0:54:57Time to hear the thoughts of two local estate agents.
0:54:59 > 0:55:01I think they've made a good start.
0:55:01 > 0:55:03Obviously, I did expect to see more,
0:55:03 > 0:55:06but they have made a good start, and it looks in good order.
0:55:06 > 0:55:09It's a very nice bungalow, lovely location.
0:55:09 > 0:55:11Tisbury's a very popular village,
0:55:11 > 0:55:14and people look for those aspects when considering a move to an area.
0:55:14 > 0:55:18Both agree that the bungalow still needs upgrading.
0:55:18 > 0:55:21For the present, though, this will be a family home.
0:55:21 > 0:55:25Bearing in mind their total spend of around £230,000,
0:55:25 > 0:55:28what sort of resale figure could it achieve?
0:55:29 > 0:55:31In terms of sale price,
0:55:31 > 0:55:33I would recommend an asking price
0:55:33 > 0:55:35in the region of £250,000 for the property.
0:55:35 > 0:55:40I would see the property selling somewhere in the region of £250,000.
0:55:40 > 0:55:43- That's about right. - That's what we sort of expected.
0:55:43 > 0:55:45Yeah, I expected that.
0:55:45 > 0:55:47That figure could give the couple
0:55:47 > 0:55:50a possible pre-tax profit of £20,000.
0:55:50 > 0:55:54But the real value for them is having a lovely family home.
0:55:54 > 0:55:57And any work that needs doing, well that can just wait its turn.
0:55:57 > 0:56:00MUSIC: "WE Have All The Time In The World" by Louis Armstrong
0:56:00 > 0:56:04# We have all the time in the world. #
0:56:07 > 0:56:11We are planning to stay here for a long time.
0:56:11 > 0:56:15Moving is so stressful, I don't think I can cope with it again.
0:56:15 > 0:56:19So, we're not intending to move.
0:56:19 > 0:56:22We can build up into the loft,
0:56:22 > 0:56:24and make it a bit bigger,
0:56:24 > 0:56:27and generally I think we can grow into this quite well.
0:56:27 > 0:56:29Yeah. We're really happy here,
0:56:29 > 0:56:31so I don't think there's any reason to move.
0:56:42 > 0:56:45Look forward to seeing you next time, on Homes Under The Hammer.
0:56:45 > 0:56:47Yes, we'll have lots more interesting properties,
0:56:47 > 0:56:51- and ambitious buyers for you then. - Take care.- Goodbye.- Bye.
0:57:11 > 0:57:14Subtitles by Red Bee Media Ltd