0:00:00 > 0:00:02Hello and welcome to the show.
0:00:02 > 0:00:05Now, as a nation, we are obsessed with property,
0:00:05 > 0:00:07and nobody more so than Lucy and me.
0:00:07 > 0:00:10Yes, it is a topic that keeps conversation going
0:00:10 > 0:00:13into the small hours of the morning, and everybody's got an opinion.
0:00:13 > 0:00:16Yes, and we think that buying at auction is the way to go.
0:00:42 > 0:00:44Well, the auction catalogue can give you an idea
0:00:44 > 0:00:46of what a property might be like,
0:00:46 > 0:00:49but it's not until you look inside that you know for sure
0:00:49 > 0:00:52whether it's going to be a money pit or a goldmine.
0:00:52 > 0:00:55Yeah, it's important to do your research and make sure
0:00:55 > 0:00:58you scratch beneath the surface of your potential investment.
0:00:58 > 0:01:00So, what's coming up on today's show?
0:01:02 > 0:01:06This Derbyshire property has got to me giddy with giggles.
0:01:06 > 0:01:10I'm laughing cos it's just charming! I love it already!
0:01:12 > 0:01:16Things could tot up nicely at this end-of-terrace in Twickenham.
0:01:16 > 0:01:18As far as development opportunities go,
0:01:18 > 0:01:21this one is a profit just waiting to happen.
0:01:21 > 0:01:25And a one-bedroomed flat in Newcastle
0:01:25 > 0:01:27makes me spill some secrets.
0:01:27 > 0:01:31You thought it was a property show? Oh, no. It's so much more.
0:01:33 > 0:01:35All these properties were sold at auction.
0:01:35 > 0:01:37We'll find out who bought them
0:01:37 > 0:01:41- and what they paid for them when they went under the hammer.- Sold.
0:01:51 > 0:01:54I'm in Derbyshire. The village of Hatton, to be precise,
0:01:54 > 0:01:58and I will definitely be keeping MY hat on.
0:01:58 > 0:02:02This has become somewhat of an overgrown village,
0:02:02 > 0:02:06but this used to be the main road through the area
0:02:06 > 0:02:10until they built a relief road. It's still fairly noisy, though.
0:02:10 > 0:02:13This is the property I'm here to see -
0:02:13 > 0:02:15a three-bedroomed detached house.
0:02:15 > 0:02:19From the outside, well, definitely 1920s, 1930s.
0:02:19 > 0:02:22It doesn't look to be in too bad a condition and I love the fact
0:02:22 > 0:02:25that in the front here you've got this glorious magnolia.
0:02:26 > 0:02:31# Magnolia you sweet thing
0:02:33 > 0:02:36# You're driving me mad... #
0:02:38 > 0:02:42I love this little entrance. Erm, so what are we going...?
0:02:42 > 0:02:45I was just about to say what are we going to find?
0:02:45 > 0:02:47You don't have to go more than an inch into the property.
0:02:47 > 0:02:51You're hit by this beautiful Minton floor here. Great start.
0:02:51 > 0:02:54You just walk through the door, there's an immediate feeling
0:02:54 > 0:02:57that this is a house that hasn't been touched.
0:02:57 > 0:03:01Fingers crossed that means lots of lovely original features,
0:03:01 > 0:03:04and certainly glance into the front room there,
0:03:04 > 0:03:05fantastic old fireplace.
0:03:05 > 0:03:08Very much of the era when this property was built.
0:03:08 > 0:03:11And it seems, yes, just looking around,
0:03:11 > 0:03:14there's another fireplace in that rear sitting-room area there.
0:03:14 > 0:03:17Again, very 1920s, 1930s, and back in fashion.
0:03:17 > 0:03:21Through to the rear of the property here where you've got a kitchen.
0:03:21 > 0:03:25You'll have to spend time and money on this. It's not big enough.
0:03:25 > 0:03:29So maybe that wall comes down. It's got this bare brick in here.
0:03:29 > 0:03:33I'm laughing cos it's just... It's charming!
0:03:33 > 0:03:35I love it already!
0:03:40 > 0:03:43Charming it may be, but you're going to need a pretty penny
0:03:43 > 0:03:45to bring this place up to date.
0:03:45 > 0:03:48New kitchen, rewiring, double glazing.
0:03:48 > 0:03:50Well, quite a lot of work, really.
0:03:50 > 0:03:53So, upstairs - any more delights in store?
0:03:53 > 0:03:56Well, before I even get here, the staircase, pull this off,
0:03:56 > 0:03:59I bet there's original spindles underneath there,
0:03:59 > 0:04:01which would be lovely. Good size bathroom.
0:04:01 > 0:04:03Not sure about the colour, but a great space.
0:04:03 > 0:04:06Put a new suite in there, it would make all the difference.
0:04:06 > 0:04:09Back bedroom's a good size. You've got a fire.
0:04:09 > 0:04:11A smaller single bedroom there,
0:04:11 > 0:04:15and through to the front where you've got your third bedroom.
0:04:15 > 0:04:19And, er... Well, yes, it all needs a bit of sorting out, doesn't it?
0:04:19 > 0:04:24But it's one of those houses where it's just worth the effort.
0:04:26 > 0:04:29At a guide price of 85,000, there's a great deal of house,
0:04:29 > 0:04:32and there's more - a humongous garden.
0:04:32 > 0:04:35Well, I love the house so much that I would forgive it
0:04:35 > 0:04:38if it had a really tiny garden, but it doesn't.
0:04:38 > 0:04:42It stretches all the way down to that privet hedge at the bottom.
0:04:42 > 0:04:46It's in need of tender-loving care and certainly a bit of a mow,
0:04:46 > 0:04:49but get this planted out, it'd be a really, really nice space.
0:04:49 > 0:04:53You've also got this fairly ramshackle wooden garage
0:04:53 > 0:04:55and then over this side, a log store.
0:04:55 > 0:04:58But look at this - a real brilliant little building!
0:04:58 > 0:05:00It's an outside store area.
0:05:00 > 0:05:04It's got a loo, another little area in there, but the best thing
0:05:04 > 0:05:08is it's got that chimney stack. I don't know why, but I love it!
0:05:10 > 0:05:12On reflection, if this was the old wash house,
0:05:12 > 0:05:15there must have been a fire or a stove for hot water.
0:05:15 > 0:05:18Whatever the case, as they would have said in the 1920s,
0:05:18 > 0:05:22it's all rather hotsy-totsy from an era of elegance.
0:05:22 > 0:05:25Speaking of which, what did the auctioneer
0:05:25 > 0:05:28who sold this detached house make of it?
0:05:28 > 0:05:30I like it, but I, you know,
0:05:30 > 0:05:34I'm getting long in the tooth and I like older things.
0:05:34 > 0:05:37It's a solid house. It's got some space to it,
0:05:37 > 0:05:41it's got some original character to it. You could exploit it, you know.
0:05:41 > 0:05:45You could extend it at the back, which probably is what it needs.
0:05:45 > 0:05:49You could do a lot with it. So, yeah, it's got a lot of tick boxes.
0:05:50 > 0:05:52Ah, an extension.
0:05:52 > 0:05:55I hadn't considered that. But why not?
0:05:55 > 0:05:59So, bearing in mind the auction guide price of £85,000,
0:05:59 > 0:06:03what does he think that the refurbished property
0:06:03 > 0:06:06without an extension could fetch if it was sold on?
0:06:06 > 0:06:10I think this would have an ultimate value
0:06:10 > 0:06:12of probably around £180,000.
0:06:14 > 0:06:17And with, say, a cheeky new extension at the back?
0:06:19 > 0:06:22I think it would probably have a value of about £225,000.
0:06:23 > 0:06:28What about putting the refurbished house up for rental?
0:06:28 > 0:06:31Rental value here, once renovated, would be in the order
0:06:31 > 0:06:35of £600 a calendar month. Maybe towards 650.
0:06:35 > 0:06:39Um, assuming extension, you'd probably increase that
0:06:39 > 0:06:43by about £50 a month. So, 650 to £700 a month.
0:06:43 > 0:06:47You'd almost feel like you were restoring a piece of history
0:06:47 > 0:06:49if you took on this place,
0:06:49 > 0:06:52and I just hope that whoever bought it is going to be sympathetic.
0:06:52 > 0:06:54I love this house. Let's see who agreed
0:06:54 > 0:06:57when it went under the hammer.
0:06:57 > 0:07:00Lot number 68.
0:07:00 > 0:07:02I'll start it with a proxy bid at 90,000.
0:07:02 > 0:07:05I'm in at £90,000. 91 somewhere else?
0:07:05 > 0:07:07At 90,000...
0:07:07 > 0:07:11This one took a while to get going, so we rejoin the bidding
0:07:11 > 0:07:13at £118,000.
0:07:14 > 0:07:15118.
0:07:15 > 0:07:17119.
0:07:17 > 0:07:18120.
0:07:18 > 0:07:20121.
0:07:20 > 0:07:22122, a new bidder.
0:07:22 > 0:07:24123.
0:07:24 > 0:07:26124.
0:07:26 > 0:07:28125.
0:07:28 > 0:07:2926.
0:07:29 > 0:07:32127. 128.
0:07:33 > 0:07:34129.
0:07:35 > 0:07:37129.
0:07:37 > 0:07:39130? 130.
0:07:40 > 0:07:4231.
0:07:42 > 0:07:4432 somewhere else?
0:07:44 > 0:07:46£131,000.
0:07:46 > 0:07:49Once...twice...
0:07:49 > 0:07:51third time.
0:07:51 > 0:07:53# I'm so excited
0:07:53 > 0:07:55# And I just can't hid it
0:07:55 > 0:07:57# No, no
0:07:57 > 0:07:59# I know, I know, I know, I know
0:07:59 > 0:08:03# I know I want you I want you... #
0:08:03 > 0:08:07Well, clearly delighted with their £131,000 purchase
0:08:07 > 0:08:10were Sharon and her fiance Zach.
0:08:10 > 0:08:13Sharon runs the pub where the couple met.
0:08:13 > 0:08:16I caught up with them at the property
0:08:16 > 0:08:17to see what they were planning,
0:08:17 > 0:08:20apart from their wedding in six months' time.
0:08:20 > 0:08:22- Sharon, Zach, great to meet you. - Nice to meet you.
0:08:22 > 0:08:26- How are you, OK?- Congratulations! Delighted to be in this house.
0:08:26 > 0:08:27It's lovely, isn't it?
0:08:27 > 0:08:31Fantastic, absolutely fantastic. What we've been looking for.
0:08:31 > 0:08:36It's a lovely village and it just ticked all the boxes for us.
0:08:36 > 0:08:38So you've bought it to live in?
0:08:38 > 0:08:42Eventually, yes. Obviously, when it's all done up, we'll be in.
0:08:42 > 0:08:44What was it about it that you loved so much?
0:08:44 > 0:08:48The character, everything. The tiles in the hallway there.
0:08:48 > 0:08:51Just everything about it was spot-on. The space...
0:08:51 > 0:08:53The size of the rooms is fantastic.
0:08:53 > 0:08:56Like we said, we ticked all the boxes.
0:08:56 > 0:08:59All of the unique features about it were just fantastic.
0:08:59 > 0:09:01A bit of TLC and it should be exactly what we want.
0:09:01 > 0:09:04Yeah, it's lovely that it's survived the ravages of time
0:09:04 > 0:09:07without having to many, you know, changes done to it.
0:09:07 > 0:09:10There's some lovely, lovely features.
0:09:10 > 0:09:12Tell me what you're going to do to it, then?
0:09:12 > 0:09:16Really, structurally, it's going to pretty much stay the same,
0:09:16 > 0:09:20bar the dining room wall's to get knocked through to the kitchen.
0:09:20 > 0:09:22- Obviously a full rewire. - New windows...
0:09:22 > 0:09:24New windows throughout as well.
0:09:24 > 0:09:27And then the bathroom. In an ideal world,
0:09:27 > 0:09:30if we could possibly get an en suite off the main bedroom
0:09:30 > 0:09:34and a family bathroom as well, then that would be perfect.
0:09:34 > 0:09:37And then internal decoration. I mean,
0:09:37 > 0:09:40it's almost come back in fashion, some of the wallpapers and stuff.
0:09:40 > 0:09:44You pay a fortune for this kind of thing. For instance, in this room.
0:09:44 > 0:09:47I think it's going to be a tough call when we get to that point
0:09:47 > 0:09:50as to whether we keep things or let them go.
0:09:50 > 0:09:52You're laughing, Zach, as if...
0:09:52 > 0:09:54- Well, I'm a decorator.- Oh, are you?
0:09:54 > 0:09:57So it'll be me that's doing the tough calling, I think,
0:09:57 > 0:10:00but it might have to go, I think, eventually.
0:10:02 > 0:10:04Even if the wallpaper does have to go,
0:10:04 > 0:10:06Sharon and Zach are intent on keeping
0:10:06 > 0:10:11as many of the other period features as they can.
0:10:11 > 0:10:12The tiled floor in the hallway
0:10:12 > 0:10:15apparently has been covered with carpet for a lot of its life
0:10:15 > 0:10:19so it's kept it in really good condition, so we want to keep that.
0:10:19 > 0:10:21And all the floorboards we'd like to try and use,
0:10:21 > 0:10:23if we can, if it's practical.
0:10:23 > 0:10:27And any plans for, like, patio doors out of this room, perhaps?
0:10:27 > 0:10:30I think it's crying out for French doors here, yes, onto the garden.
0:10:30 > 0:10:32I'm not sure yet whether that would involve
0:10:32 > 0:10:34blocking the back door from the kitchen.
0:10:34 > 0:10:37But if you're knocking this wall in here down and then you have that.
0:10:37 > 0:10:40That'd be a fantastic room, wouldn't it? Kitchen stroke...
0:10:40 > 0:10:41This is where you spend all the time.
0:10:41 > 0:10:44- Exactly, yeah.- Definitely.
0:10:44 > 0:10:47And what about the kitchen? Any ideas for a style for that?
0:10:47 > 0:10:49Started loosely researching
0:10:49 > 0:10:52what a 1920s kitchen style would look like...
0:10:52 > 0:10:55- Oh, golly, really? - ..to see if that's appropriate.
0:10:55 > 0:10:58Because it was built in the '20s we'd like to have a look
0:10:58 > 0:11:01at whether that's going to be a theme
0:11:01 > 0:11:03we'd like to follow through the house.
0:11:03 > 0:11:06It's great to see you so excited about this. You are, aren't you?
0:11:06 > 0:11:09- Yeah, we really are. - Fantastic. Absolutely spot-on.
0:11:09 > 0:11:10Brilliant!
0:11:12 > 0:11:15These two are really thrilled about the task in hand.
0:11:15 > 0:11:19On top of their sympathetic refurbishment of the interior,
0:11:19 > 0:11:22they plan to overhaul the garden, the outbuildings
0:11:22 > 0:11:25and make the driveway a bit more user-friendly.
0:11:25 > 0:11:28All of this in a six to eight-month timescale,
0:11:28 > 0:11:31during which they're also going to get married.
0:11:31 > 0:11:34What's the budget for the work that they're going to do here?
0:11:37 > 0:11:40- 25-30, we think is realistic... - Oh, wow.
0:11:40 > 0:11:44- ..and would still hopefully keep us adding value to the house...- Yeah.
0:11:44 > 0:11:48..so it becomes an investment for us for our future together.
0:11:48 > 0:11:49Sounds like a very healthy budget.
0:11:49 > 0:11:52- Obviously it's for our own use as well.- OK.
0:11:52 > 0:11:53So we don't want to cut corners.
0:11:53 > 0:11:56We want the windows to be nice, we want hardwood windows.
0:11:56 > 0:12:00We want all of the things that might cost us a little bit more,
0:12:00 > 0:12:02so it's possibly on the generous side,
0:12:02 > 0:12:05but it's where we want to live and where we want to stay.
0:12:05 > 0:12:07And you've got the driveway to do outside.
0:12:07 > 0:12:09- That always costs a lot, doesn't it?- Exactly.
0:12:09 > 0:12:11There's always little additions there.
0:12:11 > 0:12:13Maybe a little bit of roof work but nothing that major.
0:12:13 > 0:12:16But better to have it in the budget than not, really.
0:12:16 > 0:12:19Will you wait until it's completely finished before you move in
0:12:19 > 0:12:21or will you sneak in here when it's half-finished?
0:12:21 > 0:12:24- Oh, possibly. - I think the temptation will be
0:12:24 > 0:12:27to get in as soon as we can and work round ourselves.
0:12:27 > 0:12:30I think as soon as the drive's on the front, we'll be in.
0:12:30 > 0:12:33As long as there's a kettle in the kitchen, we'll be there.
0:12:33 > 0:12:36- I can understand why! Great. - Looking forward to it.
0:12:36 > 0:12:38Yeah, well it's lovely to see you both so excited by it.
0:12:38 > 0:12:40- Good luck with it. - Thank you very much.
0:12:40 > 0:12:43- Can't wait to see how you get on. - Thank you, thank you.
0:12:43 > 0:12:47Well, how fantastic that Sharon and Zach have found this place
0:12:47 > 0:12:50and they're going to turn it into their home.
0:12:50 > 0:12:53In fact, their first home together. Wonderful.
0:12:53 > 0:12:55And they obviously love it and they're going to look after it
0:12:55 > 0:12:57and do it up so perfectly and...
0:12:57 > 0:12:59Well, I can't wait to see how they get on.
0:12:59 > 0:13:00You can find out later in the show.
0:13:05 > 0:13:08Want to be 30 minutes from the centre of London,
0:13:08 > 0:13:10but with a riverside setting
0:13:10 > 0:13:13and shops and restaurants with a villagey vibe?
0:13:13 > 0:13:16If so, Twickenham might take your fancy.
0:13:16 > 0:13:20It's times like this that I love my job.
0:13:20 > 0:13:22A nice part of Twickenham,
0:13:22 > 0:13:25an attractive road lined with period properties,
0:13:25 > 0:13:29and the lot I'm here to see isn't a complicated flat conversion
0:13:29 > 0:13:33with badly carved-up space and lease issues to cause you a world of pain.
0:13:33 > 0:13:36No - it's a really nice, straightforward house
0:13:36 > 0:13:41with two bedrooms and a guide price of £430,000.
0:13:41 > 0:13:43Perfect! I'm going to check it out.
0:13:45 > 0:13:47Now, that's still a lot of money,
0:13:47 > 0:13:50but this is a highly desirable area where properties can go
0:13:50 > 0:13:54for around a couple of hundred thousand more than this.
0:13:56 > 0:13:59Well, I don't want to jinx it or speak too soon,
0:13:59 > 0:14:04and it is tired and dated, but it's not bad in here at all.
0:14:04 > 0:14:07You've really got to have a bit of vision for this place,
0:14:07 > 0:14:10but, look - you've got a lovely sized lounge in there,
0:14:10 > 0:14:13beautiful windows looking out to the tree-lined street,
0:14:13 > 0:14:15second reception room.
0:14:15 > 0:14:18You know, with these types of houses you can knock through here
0:14:18 > 0:14:21to create a lovely, large open-plan space, works really well,
0:14:21 > 0:14:25but, of course, it just depends on how you want to live.
0:14:25 > 0:14:28There's already double glazed units in here, which is fantastic,
0:14:28 > 0:14:33and the kitchen - a great space. Not a small as I'd thought.
0:14:33 > 0:14:36It needs brand-new units, it needs a freshen up.
0:14:36 > 0:14:38You could put a beautiful big window
0:14:38 > 0:14:40or even some bi-fold doors at the back there
0:14:40 > 0:14:42so you have a view of the garden.
0:14:42 > 0:14:45And there is the potential to extend.
0:14:45 > 0:14:49There's a side return so you could push out. Loads of potential.
0:14:49 > 0:14:51I know I seem like I'm getting excited,
0:14:51 > 0:14:53but it is a good house, this one.
0:14:53 > 0:14:57# I get so excited
0:14:57 > 0:15:03# I get so excited in your arms. #
0:15:03 > 0:15:07The phrase "a blank canvas" could have been coined for this property,
0:15:07 > 0:15:09but it's also crying out for inspiration.
0:15:09 > 0:15:13In its favour, it's clean and tidy, doesn't smell damp
0:15:13 > 0:15:16and it's really pretty much liveable as it is.
0:15:16 > 0:15:20Upstairs, the front bedroom spans the whole width of the house
0:15:20 > 0:15:22and is bright and spacious.
0:15:23 > 0:15:27The second bedroom is also a great size and the bathroom is massive.
0:15:31 > 0:15:35This is a disproportionately large bathroom for the house,
0:15:35 > 0:15:38but the alternative of having it downstairs,
0:15:38 > 0:15:41really, around here, is unthinkable.
0:15:41 > 0:15:43And I don't want to start changing the layout,
0:15:43 > 0:15:47trying to squeeze it into a corner, turn it into an internal bathroom -
0:15:47 > 0:15:50that is just not happening for me, so I think leave it there,
0:15:50 > 0:15:53make it luxurious and turn it into a real selling point.
0:15:53 > 0:15:55# And just leave it alone
0:15:55 > 0:15:58# Ah, ah
0:15:58 > 0:16:01# Just leave it alone. #
0:16:03 > 0:16:05Yes, I would definitely leave the layout alone.
0:16:05 > 0:16:08This is not the sort of property where buyers will accept
0:16:08 > 0:16:11pokey shower rooms or titchy bathrooms,
0:16:11 > 0:16:14but there is scope for a valuable change elsewhere.
0:16:15 > 0:16:19Of course, the opportunity screaming out here is in the roof space.
0:16:19 > 0:16:21That's right - you could create a loft conversion.
0:16:21 > 0:16:25Now, the house is big enough for your average family,
0:16:25 > 0:16:28and with 2.4 children you need three bedrooms.
0:16:28 > 0:16:31Now, there's space in the landing for a turn in the staircase,
0:16:31 > 0:16:34and there is enough square footage in the loft for a master bedroom
0:16:34 > 0:16:36and that all-important en suite.
0:16:36 > 0:16:39Now, you would have to apply for planning, but as you can imagine
0:16:39 > 0:16:42the precedent has been well and truly set around here
0:16:42 > 0:16:48and you could add around £100,000 on to the value of the home.
0:16:48 > 0:16:50As far as development opportunities go,
0:16:50 > 0:16:53this one is a profit just waiting to happen.
0:16:55 > 0:16:57I'm thinking that going up
0:16:57 > 0:17:01and that side return could make this a fantastic family house,
0:17:01 > 0:17:05coupled with what is a pretty decent-sized garden.
0:17:05 > 0:17:07I reckon this is a corker!
0:17:07 > 0:17:09But what does the local property expert think
0:17:09 > 0:17:14of the possibilities for this place, guided at 430,000?
0:17:14 > 0:17:17Well, it obviously needs some work, but there's loads of potential.
0:17:17 > 0:17:20It's not too bad, it's not as bad as I thought it would be,
0:17:20 > 0:17:22but then you've got a really good size garden.
0:17:22 > 0:17:25I would certainly look to go into the loft, do a loft conversion
0:17:25 > 0:17:29and also go out the back and do a kitchen extension.
0:17:29 > 0:17:32So, we're agreed - what this house needs is a revival,
0:17:32 > 0:17:34but let's talk dosh.
0:17:34 > 0:17:37Firstly, how could this fare sales-wise?
0:17:37 > 0:17:40If you didn't extend and kept it as a two-bedroom,
0:17:40 > 0:17:44it would probably be worth maximum £550,000.
0:17:44 > 0:17:46And if someone did extend,
0:17:46 > 0:17:50soaking up around 80,000 to £100,000 of the renovation budget?
0:17:50 > 0:17:53Once it's actually been renovated and extended,
0:17:53 > 0:17:58it's probably worth in the region of about £625,000.
0:17:58 > 0:18:00If you choose to let the property,
0:18:00 > 0:18:02what monthly rental income could you expect?
0:18:02 > 0:18:05It's a really good rental area. If you let as a two-bed
0:18:05 > 0:18:07you'd get in the region of 1,800 per calendar month.
0:18:07 > 0:18:10If you let it as a three-bed, you'd probably get in the region
0:18:10 > 0:18:12of 2,500 per calendar month.
0:18:12 > 0:18:16This lot is more than enough to get my investor's heart racing.
0:18:16 > 0:18:21A dated freehold house in a desirable area with scope to extend.
0:18:21 > 0:18:24It is a developer's dream!
0:18:24 > 0:18:26There is work to do, but bought for the right price
0:18:26 > 0:18:28there's profit in it for sure.
0:18:28 > 0:18:31Let's see what it went for under the hammer.
0:18:31 > 0:18:34I'd like to kick off, I don't know, 380?
0:18:34 > 0:18:37I'm not going to go below 380. 380, anywhere?
0:18:37 > 0:18:40With you, £380,000. Anyone else?
0:18:40 > 0:18:42385?
0:18:42 > 0:18:45390. 386.
0:18:45 > 0:18:48387.
0:18:48 > 0:18:50388, 389.
0:18:50 > 0:18:52390.
0:18:54 > 0:18:56391.
0:18:56 > 0:18:57392.
0:18:59 > 0:19:02What's that, 395? I'm not taking at 395.
0:19:02 > 0:19:04396.
0:19:04 > 0:19:07397. 398.
0:19:07 > 0:19:10399. 400.
0:19:10 > 0:19:12401.
0:19:13 > 0:19:14Anyone else?
0:19:14 > 0:19:19£400,000, first time, second time,
0:19:19 > 0:19:22third and last time, if you're all done?
0:19:22 > 0:19:24Sold, 400,000.
0:19:24 > 0:19:29# Well, I'm a lucky man... #
0:19:29 > 0:19:33Striking it lucky with Giles and his clearly delighted wife Cecilia.
0:19:34 > 0:19:38With their successful £400,000 bid,
0:19:38 > 0:19:42they bagged this pad for 30 grand under the guide price.
0:19:42 > 0:19:46The only relatively small catch was they had to pay the seller's fees,
0:19:46 > 0:19:49which cost an additional £1,000.
0:19:49 > 0:19:53I met up with Giles to hear about his plans for it.
0:19:53 > 0:19:56- Giles, congratulations.- Thank you.
0:19:56 > 0:19:58Well done! How was the auction? Did you enjoy that?
0:19:58 > 0:20:01It was a little bit daunting, but it turned out to be a better...
0:20:01 > 0:20:04I was so nervous because I set myself a limit,
0:20:04 > 0:20:06which I obviously didn't want to go over,
0:20:06 > 0:20:08and I had my wife there to try to keep me in tow,
0:20:08 > 0:20:11cos I'm a little bit too competitive from time to time,
0:20:11 > 0:20:15but it went for significantly less than I was prepared to pay,
0:20:15 > 0:20:17so I was somewhat overwhelmed and somewhat worried
0:20:17 > 0:20:21that perhaps there was something wrong with the property,
0:20:21 > 0:20:23which I hadn't identified prior to the auction.
0:20:23 > 0:20:27I was very surprised to hear you got this for 400.
0:20:27 > 0:20:29I mean, that is an incredible price,
0:20:29 > 0:20:32- but you didn't get a survey, did you?- No.
0:20:32 > 0:20:34So you don't know if there is anything wrong with this,
0:20:34 > 0:20:37- you haven't done much research into the property?- Only as far as...
0:20:37 > 0:20:39I mean, the property's been standing for 100 years,
0:20:39 > 0:20:42so I'm fairly confident it will stand for another hundred.
0:20:42 > 0:20:46And I did have a look at the house on a number of open-floor inspections
0:20:46 > 0:20:48so I could get a good feel for it and have a look and see
0:20:48 > 0:20:52if I could identify anything that maybe was structural or more serious.
0:20:52 > 0:20:56# I'm still standing Yeah, yeah, yeah
0:20:57 > 0:21:02# I'm still standing Yeah, yeah, yeah... #
0:21:02 > 0:21:04I'm not going to say it...
0:21:04 > 0:21:07Oh, blow it - I am. You really have to do your research.
0:21:07 > 0:21:09You just can't assume anything.
0:21:09 > 0:21:11At least Giles read the legal pack -
0:21:11 > 0:21:15just as well, since it said he had to pay the seller's fees.
0:21:15 > 0:21:17He currently lives in rented accommodation
0:21:17 > 0:21:20as he's just returned from a long spell in Australia.
0:21:20 > 0:21:22So what's the plan here?
0:21:22 > 0:21:25How forward do you want to go with this?
0:21:25 > 0:21:27Knowing that you've got this at quite a good price
0:21:27 > 0:21:31would you like to renovate this, you know, top spec and then sell it on?
0:21:31 > 0:21:34Yeah, I'd like to renovate it to a high standard,
0:21:34 > 0:21:37but I will also leave an element for a future purchaser
0:21:37 > 0:21:42to take it to an even greater development opportunity.
0:21:42 > 0:21:45I mean, you only need to stand outside and look up
0:21:45 > 0:21:47and you can see all the properties, they've all gone into the loft.
0:21:47 > 0:21:49They've got the extra bathroom up there.
0:21:49 > 0:21:51Are you going to take it to that kind of level?
0:21:51 > 0:21:54Yes, what I wanted to do is to do a loft conversion,
0:21:54 > 0:21:56which would be an L-shaped dorm extension,
0:21:56 > 0:21:58similar to the one on the neighbouring property,
0:21:58 > 0:22:00which would actually facilitate an additional bedroom,
0:22:00 > 0:22:03a master bedroom, with an en suite shower room
0:22:03 > 0:22:04and a fourth room as well,
0:22:04 > 0:22:07which could be a fourth bedroom or a nursery or a study.
0:22:07 > 0:22:09Fantastic, and what about the downstairs space?
0:22:09 > 0:22:11I mean, you've got enough room to,
0:22:11 > 0:22:13sort of, push out into the side return?
0:22:13 > 0:22:15Yeah, what I'm going to do at this stage
0:22:15 > 0:22:16is I'm looking to open up the kitchen
0:22:16 > 0:22:19by putting some French outward-opening doors at the end
0:22:19 > 0:22:21and probably similarly from the dining room
0:22:21 > 0:22:24to allow that to open out onto a paved area,
0:22:24 > 0:22:26and then put in a galley-style kitchen,
0:22:26 > 0:22:31but I won't actually expand the full width of the ground floor area.
0:22:31 > 0:22:32The family would love that,
0:22:32 > 0:22:35and you have got a fair-sized garden out there, too.
0:22:35 > 0:22:38Yeah, the garden's fantastic, and it's south-facing as well,
0:22:38 > 0:22:39so it's just bathed in sunlight.
0:22:39 > 0:22:41So have you ever done anything like this before?
0:22:41 > 0:22:44I haven't. I've dabbled in bit of DIY,
0:22:44 > 0:22:47so hopefully that will provide me
0:22:47 > 0:22:49with some of the knowledge that I need.
0:22:49 > 0:22:51And what sort of budget have you got for the work here,
0:22:51 > 0:22:54because you could spend so much money on a house like this?
0:22:54 > 0:22:55You've just got to be very careful.
0:22:55 > 0:22:58Yeah, I think I was looking at around £100,000 -
0:22:58 > 0:23:01including my acquisition costs for the property,
0:23:01 > 0:23:05so my stamp duty and legal fees - as a budget for the project.
0:23:05 > 0:23:08# That's enough Come on, now
0:23:08 > 0:23:11# That's enough... Yeah. #
0:23:11 > 0:23:14That should certainly be enough for a lovely job
0:23:14 > 0:23:17and make this a fantastic family home.
0:23:17 > 0:23:19Giles did think at one stage
0:23:19 > 0:23:22it might be his family moving into the house,
0:23:22 > 0:23:24but I think it's much less likely
0:23:24 > 0:23:27since he's realised the potential of what he's bought.
0:23:27 > 0:23:30Do you feel quite smug about the fact that you did pick up a bargain?
0:23:30 > 0:23:33Yeah, I have spoken to a couple of local agents to get an idea...
0:23:33 > 0:23:35I wanted to get some input from them
0:23:35 > 0:23:38as to what the local demographic would be looking for in the property
0:23:38 > 0:23:40and one of them has suggested they might have a buyer
0:23:40 > 0:23:44who would be interested in taking it in its current state,
0:23:44 > 0:23:46- off my hands immediately.- Oh!
0:23:46 > 0:23:49So I'm obviously going to entertain that and see if it materialises,
0:23:49 > 0:23:53but I'm also obviously getting ready to carry out the renovation project.
0:23:53 > 0:23:55Wow! I mean, that could be tempting.
0:23:55 > 0:23:58So you could turn it, not do a thing, and still make a profit.
0:23:58 > 0:24:00- Yes.- But that would be boring for us.
0:24:00 > 0:24:02We want to come back and see what you're going to do.
0:24:02 > 0:24:05Yeah, I mean, I am quite excited about doing the project,
0:24:05 > 0:24:07but, I mean... Well, they say money talks and, yeah,
0:24:07 > 0:24:09if the price is right then I'd have to consider that.
0:24:09 > 0:24:12Giles, I'm so excited to see what you do here.
0:24:12 > 0:24:13Good luck with this project.
0:24:13 > 0:24:15- Thank you very much. - Lovely to meet you.
0:24:15 > 0:24:18Money does indeed talk and I can see why Giles is tempted
0:24:18 > 0:24:20to sell this place on without touching a brick,
0:24:20 > 0:24:23but I would love to see him do the work, though.
0:24:23 > 0:24:25I think it's an exciting project
0:24:25 > 0:24:28and there's potentially double the profit in this
0:24:28 > 0:24:30if he renovates and extends.
0:24:30 > 0:24:33What's going to happen? I just don't know.
0:24:33 > 0:24:35You can find out later in the show.
0:24:36 > 0:24:40Coming up, I'm baffled by parts of this Newcastle one-bed...
0:24:41 > 0:24:43What's that for? Is it a design thing?
0:24:43 > 0:24:46It's a dust gatherer, that's for sure. Look at that.
0:24:46 > 0:24:50We'll find out how Giles fared with the Twickenham two-bed,
0:24:50 > 0:24:52but not from the man himself.
0:24:52 > 0:24:54He definitely got a bargain!
0:24:54 > 0:24:57We got a little bit of a bargain, he got a big bargain.
0:24:57 > 0:25:00But first, in Derbyshire did Sharon and Zach
0:25:00 > 0:25:03let their purse or their heartstrings win?
0:25:03 > 0:25:05We have exceeded our budget.
0:25:11 > 0:25:16Back now to Hatton in Derbyshire and this three-bed detached house,
0:25:16 > 0:25:20which simply oozed 1920s charm.
0:25:22 > 0:25:26It was bought at auction for £131,000
0:25:26 > 0:25:30by pub landlady Sharon and her fiance, Zach.
0:25:30 > 0:25:31They were intent on retaining
0:25:31 > 0:25:34as many of the period details as possible.
0:25:34 > 0:25:36It's almost come back in fashion,
0:25:36 > 0:25:39some of the wallpapers and stuff, haven't they?
0:25:39 > 0:25:40You pay a fortune for this kind of thing.
0:25:40 > 0:25:42For instance, in this room...
0:25:42 > 0:25:45Yeah, I think it's going to be a tough call when we get to that point
0:25:45 > 0:25:48as to whether we keep things or whether we let them go.
0:25:48 > 0:25:53They'd given themselves a budget of £25,000-£30,000
0:25:53 > 0:25:56and a six to eight-month timescale to renovate the property,
0:25:56 > 0:25:58get married and then move in.
0:26:00 > 0:26:03Well, 11 months after our first visit and we're back.
0:26:03 > 0:26:07The couple are now married and have nearly finished the makeover here.
0:26:07 > 0:26:11# Every night in my dreams
0:26:11 > 0:26:16# I see you, I feel you... #
0:26:16 > 0:26:21# Hoots, mon, there's a moose loose aboot this hoose. #
0:26:35 > 0:26:37Well done, Sharon and Zach.
0:26:37 > 0:26:40They've done a great job of retaining period details
0:26:40 > 0:26:43and adding their own contemporary twist.
0:26:45 > 0:26:49We were really bowled over by the original features
0:26:49 > 0:26:52that were still here in the house and the condition that they were in.
0:26:52 > 0:26:55We've lost a few, like the picture rails,
0:26:55 > 0:26:57which we've chosen not to reinstall.
0:26:57 > 0:27:00However, we've managed to keep all of the doors original,
0:27:00 > 0:27:02all the door handles...
0:27:02 > 0:27:05We found the spindles when we took all the covering off the banisters.
0:27:05 > 0:27:08They were boarded in, yes, and we found those
0:27:08 > 0:27:11and had to keep the Minton tile floor because it's so beautiful,
0:27:11 > 0:27:14and we're lucky it's in such good condition.
0:27:15 > 0:27:18As well as the beautiful original hall tiles,
0:27:18 > 0:27:21they've reinstated the open fire in the sitting-room.
0:27:21 > 0:27:24And in one of those contemporary twists,
0:27:24 > 0:27:28the log-burner works a treat in the new kitchen-dining room.
0:27:29 > 0:27:31With us blocking up the doors to the pantry
0:27:31 > 0:27:33and also the original kitchen door as well,
0:27:33 > 0:27:36that's allowed us to have a lot more space in the kitchen
0:27:36 > 0:27:38giving us a lot more work space and worktops and that,
0:27:38 > 0:27:42so in the long-run it has worked out a lot better for us this way.
0:27:42 > 0:27:48They've squeezed a WC into the under-stairs cupboard.
0:27:48 > 0:27:52And the French doors out onto the garden work really well.
0:27:52 > 0:27:55Sharon and Zach are still planning to tidy up the back garden
0:27:55 > 0:27:58and those fabulous outbuildings,
0:27:58 > 0:28:00but there's been a lot more work to do on the house
0:28:00 > 0:28:04than originally thought, not least a whole new roof.
0:28:04 > 0:28:07Clearing the trees on the lawn at the front
0:28:07 > 0:28:08has certainly opened things up.
0:28:08 > 0:28:13Upstairs the layout remains the same, apart from one big change -
0:28:13 > 0:28:16the addition of an en suite to the master bedroom.
0:28:19 > 0:28:21Just putting a stud wall in enabled us to have
0:28:21 > 0:28:23a very decent-sized en suite
0:28:23 > 0:28:26and still keep a good-sized bathroom as well.
0:28:26 > 0:28:27Yeah, a really good bathroom.
0:28:27 > 0:28:29Probably the easiest room to work out, really.
0:28:29 > 0:28:32Went straight in, all the pipework's been fine,
0:28:32 > 0:28:33so it was quite straightforward.
0:28:33 > 0:28:36And it seems to suit the house as well, and suit our needs.
0:28:36 > 0:28:38Definitely, definitely.
0:28:39 > 0:28:41But it hasn't all been so easy.
0:28:41 > 0:28:44They had to take the whole building back to the brick and start again,
0:28:44 > 0:28:48which allowed them to insulate the property well.
0:28:48 > 0:28:49Replastering from top to bottom
0:28:49 > 0:28:52was a help to painter-decorator Zach.
0:28:55 > 0:28:57The builders left us a fantastic plaster finish
0:28:57 > 0:28:59so it's been relatively easy,
0:28:59 > 0:29:02with all the new woodwork on the skirts, the sills and everything,
0:29:02 > 0:29:04the blues and the creams we're quite happy with, so...
0:29:04 > 0:29:06Sharon's good with the colours.
0:29:06 > 0:29:09As you can probably tell by the curtains upstairs.
0:29:11 > 0:29:13Yes, it's those little touches
0:29:13 > 0:29:16that really do make this house a beautiful home.
0:29:16 > 0:29:18There's still a bit to do in the kitchen.
0:29:18 > 0:29:21Over a bit, over a bit...
0:29:21 > 0:29:22Yup, that's fine.
0:29:22 > 0:29:26But Sharon and Zach didn't start straight away on the renovation,
0:29:26 > 0:29:28so they are happy with the time the work has taken.
0:29:28 > 0:29:33But what became of their £25,000-£35,000 budget?
0:29:33 > 0:29:35We have exceeded our budget.
0:29:35 > 0:29:37- HE CHUCKLES:- A tad.
0:29:37 > 0:29:40Certain expenses we hadn't planned for,
0:29:40 > 0:29:45so we are currently at a spend of around 42,
0:29:45 > 0:29:49but for that we have everything that we could really have wanted
0:29:49 > 0:29:51and we have an almost-new house.
0:29:54 > 0:29:57That £42,000 spend
0:29:57 > 0:30:03brings their total outlay here so far to £173,000.
0:30:03 > 0:30:05We asked two local property experts
0:30:05 > 0:30:08for their thoughts on this renovated house.
0:30:10 > 0:30:13I think the property is a delight to enter.
0:30:13 > 0:30:17The open space, it's bright, airy, light, and it's truly superb.
0:30:17 > 0:30:20The highlights of this property for me are the beautiful features
0:30:20 > 0:30:22the current owners have actually left in,
0:30:22 > 0:30:24such as the Minton tiled floor on entering
0:30:24 > 0:30:29and the fireplace that's been left in the lounge is really lovely.
0:30:32 > 0:30:35What do they suggest the property might fetch if it was let?
0:30:37 > 0:30:40The rental income would be somewhere between
0:30:40 > 0:30:44£675 and £700 per calendar month.
0:30:44 > 0:30:46I think it would be popular with families
0:30:46 > 0:30:48and I think it would achieve a monthly rent
0:30:48 > 0:30:51somewhere in the region of £700 per calendar month.
0:30:53 > 0:30:56Those rental valuations would give a yield
0:30:56 > 0:30:58of just under 5%, which is OK.
0:30:58 > 0:31:01But what if Sharon and Zach wanted to sell the house on?
0:31:03 > 0:31:05If I were looking to put this property on the market,
0:31:05 > 0:31:10I would expect it to achieve a sale somewhere in the region of £180,000.
0:31:10 > 0:31:13If I was to bring this property to the market in its current condition,
0:31:13 > 0:31:20I would recommend an asking price of £180,000-£185,000.
0:31:20 > 0:31:22MUSIC: "You Can Leave Your Hat On" by Tom Jones
0:31:22 > 0:31:24So there may just be a slim profit
0:31:24 > 0:31:27of £7,000-£12,000 if they chose to sell.
0:31:27 > 0:31:31However, Sharon and Zach are intent of keeping their "Hatt-on" property.
0:31:35 > 0:31:39So what's next on the agenda for this newlywed couple?
0:31:41 > 0:31:45- Have a day off. Sleep. - I think it's been...
0:31:45 > 0:31:48Yeah, it's been hard work and a labour of love, really.
0:31:48 > 0:31:49Yeah, we certainly enjoyed it though.
0:31:49 > 0:31:51We wouldn't do it if we didn't enjoy it.
0:31:51 > 0:31:53It's been hard, but it's been very enjoyable.
0:31:53 > 0:31:55We've had a laugh all the way as well.
0:31:55 > 0:31:58Yeah. Looking forward to living in it, having some time together
0:31:58 > 0:32:01and, you know, possibly sneak in a little holiday in there if we can.
0:32:01 > 0:32:04- A cheeky one, if possible, would be nice.- Yeah.
0:32:09 > 0:32:14And so to the highest point of the Metropolitan Borough of Gateshead,
0:32:14 > 0:32:17with views over Newcastle to the North
0:32:17 > 0:32:20and the Team Valley to the West, this is Sheriff Hill.
0:32:23 > 0:32:26So, how did Sheriff Hill get its name?
0:32:26 > 0:32:30Well, in years gone by the Sheriff of Northumberland
0:32:30 > 0:32:33would meet with judges and other law enforcement people
0:32:33 > 0:32:37from around the area before they'd travel together across the Tyne
0:32:37 > 0:32:41into Newcastle to pass judgement on ne'er-do-wells.
0:32:41 > 0:32:45You thought it was a property show? Oh, no. It's so much more.
0:32:45 > 0:32:48# Stand and deliver. #
0:32:49 > 0:32:52Well, hopefully not too many bandits and highwaymen
0:32:52 > 0:32:56around here these days, but as a popular location,
0:32:56 > 0:32:59Sheriff Hill stands on its own two feet
0:32:59 > 0:33:02and may yet deliver a property bargain.
0:33:03 > 0:33:05Well, properties in Sheriff Hill
0:33:05 > 0:33:09benefit from really good transport links into Gateshead,
0:33:09 > 0:33:13and Gateshead itself is undergoing massive regeneration at the moment,
0:33:13 > 0:33:16so a fantastic place to invest in property.
0:33:16 > 0:33:19So what am I here to see? It's a one-bedroom flat.
0:33:19 > 0:33:23It had a guide price of £25,000 plus.
0:33:23 > 0:33:25This is it. Let's take a look.
0:33:25 > 0:33:28Dum-ba-da-ba-da...
0:33:28 > 0:33:30So, what have we got? Well, I tell you what.
0:33:30 > 0:33:32I don't have to go very far to see some really strange things.
0:33:32 > 0:33:34Look at this door!
0:33:34 > 0:33:37Have you ever seen an internal door with this kind of...
0:33:40 > 0:33:41What's that for? Is it a design thing?
0:33:41 > 0:33:44It's a dust gatherer, that's for sure. Look at that.
0:33:44 > 0:33:48Anyway, into the flat. What have we got? A little corridor...
0:33:48 > 0:33:50Really nice-sized front living room. Actually, or is it?
0:33:50 > 0:33:52Or is it the bedroom? I'm not sure.
0:33:52 > 0:33:54Probably have that as the living area
0:33:54 > 0:33:56because it's actually on that fairly busy road,
0:33:56 > 0:33:59and you'd want to have your bedroom towards the back.
0:33:59 > 0:34:02Bathroom there. Good size. I mean, it's got a bath in there.
0:34:02 > 0:34:05You could have a much bigger bath, perhaps, even, and a shower,
0:34:05 > 0:34:06so lots of things to be played with there,
0:34:06 > 0:34:10and then through to a room... And I'm now going to have to completely go back
0:34:10 > 0:34:11on everything I've currently said
0:34:11 > 0:34:13because this is clearly your living room
0:34:13 > 0:34:16because you've got the big fireplace and off it is your kitchen.
0:34:16 > 0:34:18So my idea of moving the bedroom here...
0:34:18 > 0:34:21Well, it ain't going to work,
0:34:21 > 0:34:23so major need for some double or even triple glazing.
0:34:23 > 0:34:27It's got double already, but a good-sized living room here.
0:34:27 > 0:34:28I love the fireplace.
0:34:28 > 0:34:32And then through down into the kitchen. It's not huge,
0:34:32 > 0:34:35but this really is just a one-bedroom flat at the moment,
0:34:35 > 0:34:38so maybe it's adequate, and then out into a little courtyard there.
0:34:38 > 0:34:42So it seems like a pretty good start. Um...
0:34:42 > 0:34:46Nothing majorly structural or damp-wise to worry about so far.
0:34:46 > 0:34:48So, yeah.
0:34:48 > 0:34:50Double thumbs.
0:34:51 > 0:34:54And if I had a spare I'd give the third thumb too
0:34:54 > 0:34:57for this lovely shared courtyard.
0:34:57 > 0:34:59To have this at the back is a real bonus,
0:34:59 > 0:35:02particularly as the guide price was just £25,000 plus.
0:35:05 > 0:35:08We asked a local estate agent for her thoughts on it.
0:35:08 > 0:35:11This is a spacious one-bedroom flat.
0:35:11 > 0:35:15Needs redecoration, refurbishment, a new kitchen, obviously.
0:35:15 > 0:35:16Some works done to it.
0:35:16 > 0:35:20It would benefit greatly if we could get a second bedroom in here,
0:35:20 > 0:35:23and perhaps that's something that the owners could look into.
0:35:23 > 0:35:27I think in this case it would be sad to sacrifice the space,
0:35:27 > 0:35:29but the decision could hinge
0:35:29 > 0:35:33on the difference it would make to the financial returns.
0:35:33 > 0:35:35If this flat was refurbished to a high standard
0:35:35 > 0:35:40then in this market it could expect to achieve approximately £60,000.
0:35:40 > 0:35:42If it had a second bedroom
0:35:42 > 0:35:46then it could possibly achieve £70,000-£75,000.
0:35:48 > 0:35:51And as a rental?
0:35:51 > 0:35:54As a one-bedroom flat in today's market,
0:35:54 > 0:35:57in good condition this property could expect to achieve
0:35:57 > 0:36:01approximately 475 pounds per calendar month.
0:36:01 > 0:36:03If it was made into a two-bedroom flat
0:36:03 > 0:36:05then I would expect that to increase
0:36:05 > 0:36:08to approximately £550 per calendar month.
0:36:09 > 0:36:11Well, it's a nice flat in a great location
0:36:11 > 0:36:13and a good guide price, too.
0:36:13 > 0:36:17Currently one-bedroom. Would you bother converting it into two?
0:36:17 > 0:36:18Well, I personally wouldn't.
0:36:18 > 0:36:21Let's see what happened when it went under the hammer.
0:36:22 > 0:36:25So we're going to go this time to Gateshead.
0:36:25 > 0:36:28It's a one-bedroom, ground floor flat.
0:36:28 > 0:36:30Do I have 25,000 anywhere?
0:36:30 > 0:36:34Third row, £25,000 bid. Do I have 27 anywhere else?
0:36:34 > 0:36:36It's the lady's bid at 25,000.
0:36:36 > 0:36:3827 on the telephone.
0:36:38 > 0:36:4029. 29 bid. 31?
0:36:40 > 0:36:4231 bid. 33?
0:36:42 > 0:36:4533 bid. 35?
0:36:47 > 0:36:49It's in the room at £33,000.
0:36:49 > 0:36:51On the back wall at 35,000.
0:36:51 > 0:36:5437. 37 bid.
0:36:54 > 0:36:5639? 39 bid.
0:36:56 > 0:36:5941? 40,000 bid.
0:36:59 > 0:37:0541? With the lady on the third row at £40,000. 41.
0:37:05 > 0:37:08You're out as well, Janet? It's for the lady at £40,000.
0:37:08 > 0:37:12You're both out. I'm here, I'm selling at £40,000.
0:37:12 > 0:37:15I'm selling once at 40,000.
0:37:15 > 0:37:18I'm selling for the second time at £40,000.
0:37:18 > 0:37:20Sold.
0:37:20 > 0:37:23That successful bid of £40,000
0:37:23 > 0:37:25was placed by Philippa on the right here.
0:37:25 > 0:37:28She was at the auction with her civil partner, Tiana,
0:37:28 > 0:37:30who's also in on the deal.
0:37:30 > 0:37:35Philippa's originally from Zimbabwe and Tiana's from South Africa.
0:37:35 > 0:37:37They've lived in the UK for three years
0:37:37 > 0:37:40and split their time between property developing
0:37:40 > 0:37:41and importing handmade gifts,
0:37:41 > 0:37:44such as candles made in the South African village
0:37:44 > 0:37:46where they used to live.
0:37:46 > 0:37:50- Philippa, Tiana, good to see you. - Good to see you, too.
0:37:50 > 0:37:52- Congratulations.- Thank you.
0:37:52 > 0:37:54Tell me why you wanted to buy this flat.
0:37:54 > 0:37:57Firstly, its location. It's on a great bus route
0:37:57 > 0:38:01and transport links to Newcastle and Gateshead.
0:38:01 > 0:38:03And it was so spacious.
0:38:03 > 0:38:06Walking in, I just loved the feeling of space.
0:38:06 > 0:38:08And nice one-bedroom. The hospital's up the road.
0:38:08 > 0:38:10It's a good renter, I think.
0:38:10 > 0:38:13- Is that the plan, then? You bought it to rent it out?- Yes.
0:38:13 > 0:38:17We looked at the area and found that,
0:38:17 > 0:38:20with the hospital up the road, schools just up the road,
0:38:20 > 0:38:24there's definitely a rental demand in this area,
0:38:24 > 0:38:26so that's definitely our plan.
0:38:27 > 0:38:29This will be the fourth renovation
0:38:29 > 0:38:32the couple have taken on since moving to the UK,
0:38:32 > 0:38:36but they did dabble in property development back in South Africa.
0:38:43 > 0:38:45I bought an airport in South Africa.
0:38:45 > 0:38:46- An airport?!- Yes.
0:38:46 > 0:38:51It was a rural airport with an operational airstrip,
0:38:51 > 0:38:54but the building was built in Spanish style.
0:38:54 > 0:38:57Huge building, and it was in disuse.
0:38:57 > 0:39:00And it was originally built for the Dakotas.
0:39:00 > 0:39:03They couldn't make it all the way from Johannesburg to Cape Town
0:39:03 > 0:39:05and they needed a refuelling bay.
0:39:05 > 0:39:07It was about five hours from Cape Town,
0:39:07 > 0:39:10and it was that airport
0:39:10 > 0:39:13and I bought it and renovated it and made it into a guesthouse.
0:39:13 > 0:39:17- Oh, wow!- So it was a huge project and great fun. Loved it.
0:39:17 > 0:39:20- And is the runway still operational? - Oh, yes.
0:39:20 > 0:39:22It was operational all along for light aircraft and...
0:39:22 > 0:39:25Well, Dakotas, it must have been reasonably long?
0:39:25 > 0:39:28- Yeah, a mile.- A mi... Wow!
0:39:28 > 0:39:30Beautiful property. Beautiful property.
0:39:31 > 0:39:35I told you this was so much more than a property programme!
0:39:35 > 0:39:37This particular travelogue,
0:39:37 > 0:39:40from South African airstrip to a flat in Gateshead,
0:39:40 > 0:39:42is a bit of a departure.
0:39:42 > 0:39:46Fingers crossed Philippa and Tiana will avoid any delays.
0:39:46 > 0:39:49So, tell me what you're going to do to sort it out.
0:39:49 > 0:39:52Well, there's not that much work.
0:39:52 > 0:39:54Obviously a new kitchen.
0:39:54 > 0:39:56Strip all the wallpaper off,
0:39:56 > 0:39:59if we skim the ceilings and possibly the walls...
0:39:59 > 0:40:02The bathroom, we're going to install a nice, big shower.
0:40:02 > 0:40:04It's spacious enough for that.
0:40:04 > 0:40:08The floors, some of it we're thinking of bringing back to wood.
0:40:08 > 0:40:11To sand it down and make it nice again.
0:40:11 > 0:40:13So we're sort of toying with that.
0:40:13 > 0:40:16And then under the stairs in that little room
0:40:16 > 0:40:19we're going to make a little utility area
0:40:19 > 0:40:21with a washing machine and that kind of thing.
0:40:21 > 0:40:24Because the kitchen is so small, we can utilise that space.
0:40:24 > 0:40:28So it's basically just a general little refurb. Nothing too serious.
0:40:31 > 0:40:35Philippa and Tiana are working on another property at the moment
0:40:35 > 0:40:39and their gift-importing business is approaching a busy time.
0:40:39 > 0:40:44So they aim to have the flat ready for the rental market within four months,
0:40:44 > 0:40:49even though the work here should only take around six weeks.
0:40:49 > 0:40:52So what's the budget for the work?
0:40:52 > 0:40:56We've worked out about 5,000, with a contingency of 1,000.
0:40:56 > 0:40:59So we are expecting to come in under six,
0:40:59 > 0:41:02but we're really thinking five will do it.
0:41:02 > 0:41:03And are you doing a lot of the work?
0:41:03 > 0:41:06- 90% of the work.- 90? OK.
0:41:06 > 0:41:10Um, we'll get a spark in, obviously, to do all of that.
0:41:10 > 0:41:12It needs a complete rewire,
0:41:12 > 0:41:15and we'll get our gas man in to come and check out
0:41:15 > 0:41:18all the central heating and the boiler and all of that.
0:41:18 > 0:41:20And apart from that, yeah, it's us.
0:41:20 > 0:41:23We'll exercise our plastering skills on this property.
0:41:23 > 0:41:25- Plastering skills? - We've just completed a course
0:41:25 > 0:41:28at Newcastle Construction Academy on plastering.
0:41:28 > 0:41:31- Wow!- Because it always crops up in these properties.
0:41:31 > 0:41:33You always need a bit of plastering,
0:41:33 > 0:41:36so we've just completed and we're going to take it on.
0:41:36 > 0:41:38- So we'll be plastering.- Really?
0:41:38 > 0:41:41It's funny, cos it is. You mentioned electricity and gas -
0:41:41 > 0:41:43the majority of people have to bring people in to do them,
0:41:43 > 0:41:46but actually the other thing which people get people in to do
0:41:46 > 0:41:49is the plastering, because actually things like ceilings - nightmare!
0:41:49 > 0:41:51Yeah, they are. But I have to confess,
0:41:51 > 0:41:52we're not going to do the ceilings.
0:41:52 > 0:41:55Our instructor is going to come and do the ceilings for us.
0:41:55 > 0:41:58Oh, well done! But how did you get on, because it's not easy?
0:41:58 > 0:42:01- Or is it easy? I don't know. - No, I wouldn't call it easy.
0:42:01 > 0:42:03Not easy. It's an art. It's a skill.
0:42:03 > 0:42:06Yes, it's a skill that you learn with time, I would say.
0:42:06 > 0:42:09You get more proficient as time goes on, so it's a bit of...
0:42:09 > 0:42:11And definitely there's different styles.
0:42:11 > 0:42:13We found from the people who were instructing
0:42:13 > 0:42:15that they had different styles
0:42:15 > 0:42:17and you can just develop your own style
0:42:17 > 0:42:20- to what is comfortable for you. - Wow. Well, lovely to meet you both.
0:42:20 > 0:42:22- Congratulations.- Thank you so much. - Good luck with it.
0:42:22 > 0:42:26- Thank you very much.- I look forward to seeing how you get on. - Thanks.- Thank you.
0:42:26 > 0:42:30Well, from an airport in South Africa
0:42:30 > 0:42:34to a flat in Gateshead. Hopefully this project
0:42:34 > 0:42:38will be a RUN-A-WAY success for Philippa and Tiana.
0:42:38 > 0:42:41But you never know - the sky is the limit.
0:42:41 > 0:42:45- LAUGHING:- You can find out how they get on later in the show.
0:42:48 > 0:42:49Well, time has passed.
0:42:49 > 0:42:52Let's go back to our properties and find out the truth.
0:42:52 > 0:42:56Have they been a triumph of engineering or a house of cards?
0:42:56 > 0:42:57Let's find out.
0:43:00 > 0:43:03Let's take a trip back to Twickenham on the outskirts of West London
0:43:03 > 0:43:06where I viewed this two-bedroom end-of-terrace
0:43:06 > 0:43:08in a highly desirable area.
0:43:10 > 0:43:13Inside the decor was a blast from the past,
0:43:13 > 0:43:16but it wasn't retro - it was, "Oh, no!"
0:43:19 > 0:43:21But structurally it was sound
0:43:21 > 0:43:26and at a bargain guide price for this area of £430,000
0:43:26 > 0:43:30and there was plenty of potential for profit.
0:43:31 > 0:43:34On auction day, the successful bidder was Giles
0:43:34 > 0:43:38who paid 30 grand less than the guide price. Is that lucky?
0:43:38 > 0:43:41Well, you've got to be in it to win it, as they say.
0:43:41 > 0:43:43He planned to renovate the property
0:43:43 > 0:43:46and add a loft conversion, plus side extension.
0:43:46 > 0:43:48But there was also another option.
0:43:50 > 0:43:54Do you feel quite smug about the fact that you did pick up a bargain?
0:43:54 > 0:43:56Yeah, I have spoken to a couple of local agents
0:43:56 > 0:43:59and one of them has suggested they might have a buyer
0:43:59 > 0:44:02who would be interested in taking it in its current state
0:44:02 > 0:44:05- off my hands immediately.- Oh!
0:44:05 > 0:44:08So I'm obviously going to entertain that and see if it materialises,
0:44:08 > 0:44:12but I'm also obviously getting ready to carry out the renovation project.
0:44:12 > 0:44:15So did Giles flip it or forge ahead
0:44:15 > 0:44:18with his grand plans for the renovation?
0:44:20 > 0:44:23Just under a year and a half later, we're back.
0:44:30 > 0:44:34Fantastic - this end terrace has been transformed from retro shriek
0:44:34 > 0:44:37to a chic and contemporary family home.
0:44:39 > 0:44:42However, these aren't the fruits of Giles' labour.
0:44:42 > 0:44:45He did choose to sell the property as it was
0:44:45 > 0:44:48to Alex, James and their baby Charlie.
0:44:48 > 0:44:50Giles has moved back to Australia,
0:44:50 > 0:44:52so it was Alex, who works in fashion PR,
0:44:52 > 0:44:55and James, a financial controller,
0:44:55 > 0:44:58who did the renovation and are now living in the house.
0:44:58 > 0:45:01We always wanted a property to renovate,
0:45:01 > 0:45:06so we started our search quite wide in West London
0:45:06 > 0:45:10and found the property and decided to make an offer.
0:45:10 > 0:45:13We were actively put off by properties that were done.
0:45:13 > 0:45:17- We wanted to do the work ourselves. - Yeah.
0:45:17 > 0:45:20And what a tremendous job they've done.
0:45:20 > 0:45:24By removing the internal wall and extending out into the back garden,
0:45:24 > 0:45:29they've created a fantastic open-plan living kitchen area.
0:45:29 > 0:45:33I absolutely adore it. It's spacious yet cosy.
0:45:33 > 0:45:36In the kitchen I just love that rustic shelving,
0:45:36 > 0:45:40a beautiful touch which, added to the log burner in the living area,
0:45:40 > 0:45:43gives this room a warm and comfy, country vibe.
0:45:44 > 0:45:47We wanted to have a bit of, kind of, oldness to it as well,
0:45:47 > 0:45:51- not just all stark and brand-new. - Yeah. We're really happy with it.
0:45:51 > 0:45:53- Yeah. We think it works.- Mm.
0:45:53 > 0:45:57Upstairs, with its garish carpets and peeling wallpaper,
0:45:57 > 0:45:59was far from the modern family home
0:45:59 > 0:46:02the local property market normally attracts.
0:46:04 > 0:46:07Alex and James have again worked wonders.
0:46:07 > 0:46:11Their interior design choices radiate peace and tranquillity,
0:46:11 > 0:46:13and I'm pleased to see they have uncovered and restored
0:46:13 > 0:46:16a period fireplace. Fantastic!
0:46:19 > 0:46:21The bathroom no longer feels oversized
0:46:21 > 0:46:25due to the addition of built-in cupboards. Always handy.
0:46:30 > 0:46:33It's now ideal for baby bath time,
0:46:33 > 0:46:38and then enjoying a relaxing soak in the tub once baby's in bed.
0:46:39 > 0:46:44But we're not done yet. The couple have added an attic conversion.
0:46:44 > 0:46:47Ooh, exciting! Let's go exploring.
0:46:50 > 0:46:53Charlie's nursery bedroom's upstairs,
0:46:53 > 0:46:56along with another oh-so-cosy bedroom.
0:46:56 > 0:46:59And it would appear I'm not the only one who thinks so.
0:47:04 > 0:47:07We've added two bedrooms and a bathroom.
0:47:07 > 0:47:09We decided not to go en suite, so it's a separate bathroom
0:47:09 > 0:47:13just so it makes it a little bit more of a proper additional bathroom
0:47:13 > 0:47:15that can be used by both those rooms.
0:47:15 > 0:47:18Yeah, cos we thought with having two rooms up there rather than just one
0:47:18 > 0:47:21it would benefit from having a separate bathroom.
0:47:21 > 0:47:23- Which... It works, I think.- Yeah.
0:47:27 > 0:47:28Alex and James have created
0:47:28 > 0:47:31a fantastic family home for themselves here.
0:47:35 > 0:47:38The couple put in an offer for the property
0:47:38 > 0:47:43less than two months after Giles bought it at auction for £400,000.
0:47:43 > 0:47:48So if they don't mind telling us, how much did THEY pay Giles for it?
0:47:48 > 0:47:51For the property itself we paid 500,000
0:47:51 > 0:47:54and, on reflection of other properties in the area,
0:47:54 > 0:47:58- we thought that was quite a competitive and fair price.- Yep.
0:47:58 > 0:48:03And were they aware that Giles had only just snapped it up at auction
0:48:03 > 0:48:05for £100,000 less than they paid?
0:48:07 > 0:48:10No we weren't. We weren't.
0:48:10 > 0:48:14We only found that out later, actually.
0:48:14 > 0:48:17Well, Giles really did bag himself a bargain!
0:48:17 > 0:48:20Yes, he did get a bargain. He definitely got a bargain.
0:48:20 > 0:48:23We got a little bit of a bargain, he got a big bargain.
0:48:23 > 0:48:25We try not to talk about that very much.
0:48:27 > 0:48:30OK, let's move swiftly on.
0:48:30 > 0:48:34From the moment building work began, it took six months to complete.
0:48:34 > 0:48:40It cost £150,000, which, added to the couple's purchase price of 500,000,
0:48:40 > 0:48:43brings their total outlay to £650,000.
0:48:49 > 0:48:52We invited two local estate agents
0:48:52 > 0:48:55to give us their opinion on this property,
0:48:55 > 0:48:57including the one who viewed it previously.
0:48:57 > 0:48:59Well, after seeing the property before
0:48:59 > 0:49:01they've clearly done an amazing job in here.
0:49:01 > 0:49:06It's absolutely transformed from what it was before. It looks stunning.
0:49:06 > 0:49:09Property in very good condition. Presented very nicely.
0:49:09 > 0:49:12Loft conversion's been done to a good standard to create a good space.
0:49:12 > 0:49:14The finish is all very good throughout the property.
0:49:14 > 0:49:17I think it will definitely appeal to a lot of families in the area.
0:49:17 > 0:49:20Alex and James have no intention of selling their home
0:49:20 > 0:49:22for the foreseeable future.
0:49:22 > 0:49:26But bearing in mind their total spend of 650,000,
0:49:26 > 0:49:29how much do the estate agents believe it could sell for?
0:49:31 > 0:49:34If we put this up for sale we would look to achieve
0:49:34 > 0:49:36in the region of about £690,000.
0:49:36 > 0:49:38In the current market I would expect to achieve
0:49:38 > 0:49:40around £700,000 for this property.
0:49:40 > 0:49:43Those estimated figures, if they were to sell the place on,
0:49:43 > 0:49:48would give them a pre-tax profit of between 40,000 and 50,000,
0:49:48 > 0:49:51minus the usual deductions, of course.
0:49:51 > 0:49:53What do they think of that?
0:49:53 > 0:49:57- That's exactly what I would have expected, actually.- Yeah.- So, um...
0:49:57 > 0:49:59Yeah, it's good to know that we're, kind of, on par
0:49:59 > 0:50:03- and we've made a bit of money on it as well, so... - Yeah, that's good to know.
0:50:03 > 0:50:07Rental-wise, the estate agents believe this property could achieve
0:50:07 > 0:50:11as much as £2,250 per calendar month,
0:50:11 > 0:50:14which is a tad over a 4% yield.
0:50:19 > 0:50:22This house is Alex and James' home
0:50:22 > 0:50:25and it's been an investment in their future happiness
0:50:25 > 0:50:28rather than a fast financial reward.
0:50:28 > 0:50:31Are they as happy here as they hoped they would be?
0:50:33 > 0:50:36I think, yeah. And actually, in comparison to buying it
0:50:36 > 0:50:39with it like this already done, it gives us more satisfaction, I think.
0:50:39 > 0:50:41I probably, kind of, like it more
0:50:41 > 0:50:43given the fact that we've done it ourselves.
0:50:43 > 0:50:47- No, we're really pleased to be here. - Yeah. It's a good family home.- Mm.
0:50:51 > 0:50:53Back now to Sheriff Hill, Gateshead,
0:50:53 > 0:50:56and this one-bedroom ground floor flat.
0:50:56 > 0:51:01It was bought at auction for £40,000 by Philippa and Tiana.
0:51:01 > 0:51:05But these two were no renovation novices.
0:51:05 > 0:51:08Philippa, on the left, had stretched her wings
0:51:08 > 0:51:11buying property at auction back in South Africa.
0:51:13 > 0:51:17- I bought an airport in South Africa. - An airport?!- Yes.
0:51:17 > 0:51:21It was a rural airport with an operational airstrip,
0:51:21 > 0:51:25- but the building was in disuse. - Oh, wow!
0:51:25 > 0:51:29And I bought it and renovated it and made it into a guesthouse.
0:51:29 > 0:51:31- INTERCOM CHIMES - Ladies and gentlemen,
0:51:31 > 0:51:35my name is Martin and I'll be making sure you are comfortable
0:51:35 > 0:51:39during this short flight from before to after.
0:51:39 > 0:51:41Philip and Tiana are at the controls
0:51:41 > 0:51:45and they're estimating a renovation budget ceiling
0:51:45 > 0:51:49of £5,000-£6000 and a flight time of around four months.
0:51:50 > 0:51:53- INTERCOM CHIMES - So please sit back, enjoy the flight
0:51:53 > 0:51:56and, of course, the in-flight entertainment.
0:52:25 > 0:52:27Well, it looks like Philippa and Tiana
0:52:27 > 0:52:31have successfully piloted this one to its destination.
0:52:31 > 0:52:33The new kitchen is complete.
0:52:33 > 0:52:34Well, almost.
0:52:37 > 0:52:39Thank you, Philippa.
0:52:40 > 0:52:43While the new bathroom is looking fabulous.
0:52:44 > 0:52:47Over to you, Tiana.
0:52:47 > 0:52:49Well, in the bathroom, first of all,
0:52:49 > 0:52:53when we arrived we had a big airing cupboard
0:52:53 > 0:52:57with the old storage tank in, so that we removed.
0:52:57 > 0:52:59And then, because the bathroom is so large,
0:52:59 > 0:53:01we decided to put in a nice, big shower.
0:53:01 > 0:53:04And then, of course, on that side above the bath
0:53:04 > 0:53:07we had tiles which was different shapes and different sizes
0:53:07 > 0:53:09so it really didn't work,
0:53:09 > 0:53:12so we took all of that off and we tiled that as well.
0:53:12 > 0:53:15So now you have a really nice, spacious bathroom
0:53:15 > 0:53:18and we are quite pleased with the end result.
0:53:20 > 0:53:26Yes, the bathroom and the rest of the flat are looking spick and span.
0:53:26 > 0:53:31I was rather fond of the fireplace. I'm sorry that's gone.
0:53:31 > 0:53:32But it's all very impressive,
0:53:32 > 0:53:35especially given that Philippa and Tiana
0:53:35 > 0:53:37have done most of the work themselves.
0:53:37 > 0:53:41Did that plastering course they did come in handy?
0:53:41 > 0:53:44When we took the wallpaper off, which was one of the first jobs,
0:53:44 > 0:53:47we realised that the condition of the walls wasn't great,
0:53:47 > 0:53:49so we decided to replaster the entire property,
0:53:49 > 0:53:52excluding one small ceiling,
0:53:52 > 0:53:56and that gave us an opportunity to develop our plastering skills.
0:53:56 > 0:53:58And we also had help from our instructor who came along
0:53:58 > 0:54:01and did ceilings and some of the walls with us,
0:54:01 > 0:54:03so we had more learning experience from him,
0:54:03 > 0:54:06but we really enjoyed it. Really enjoyed it.
0:54:08 > 0:54:13They have also had help with the rewiring, gas and plumbing jobs
0:54:13 > 0:54:15from certified installers.
0:54:15 > 0:54:18Delays on another property they were working on
0:54:18 > 0:54:21has pushed them a little over on their schedule,
0:54:21 > 0:54:24but how have they fared on the budget front?
0:54:25 > 0:54:29The budget was 5,000 with a 1,000 reserve,
0:54:29 > 0:54:31but we've gone to 7,300
0:54:31 > 0:54:34and the reason being that we had to put in a new boiler,
0:54:34 > 0:54:36which we didn't think we'd have to,
0:54:36 > 0:54:40so that was just over 1,000 there, and then the shower.
0:54:40 > 0:54:42Once we took away that storage cabinet in the corner
0:54:42 > 0:54:46we had so much space a smaller, or a normal-sized shower unit,
0:54:46 > 0:54:50would have been lost in there, so we had to go for a bigger unit,
0:54:50 > 0:54:52so there was a bit more money spent there,
0:54:52 > 0:54:55so that drove us up to 7,300.
0:54:55 > 0:55:03That £7,300 spend brings their total outlay here to £47,300.
0:55:03 > 0:55:05We asked two local estate agents,
0:55:05 > 0:55:08including the one who saw the flat before,
0:55:08 > 0:55:10to give us their thoughts on the renovation.
0:55:13 > 0:55:15I think they've done the property to a good standard,
0:55:15 > 0:55:17especially for renting out.
0:55:17 > 0:55:19Perhaps they could have done a little bit more
0:55:19 > 0:55:22if they were living here themselves, but, yeah, I like it.
0:55:22 > 0:55:25I particularly like the bathroom. I think the size of it's brilliant.
0:55:25 > 0:55:28The walk-in shower works really well, as well as having a bath.
0:55:28 > 0:55:31I think that's a real positive future.
0:55:31 > 0:55:34The estate agents reckon the flat could sell
0:55:34 > 0:55:37for between £60,000 and £65,000,
0:55:37 > 0:55:40which would mean a profit, before tax and expenses,
0:55:40 > 0:55:45of between £12,700 and £17,700.
0:55:45 > 0:55:49But this was always going to be for the rental market
0:55:49 > 0:55:53and, as you can probably see, they already have a tenant.
0:55:53 > 0:55:57Will the experts think the rent the couple are getting is about right?
0:55:57 > 0:56:01I think if this property was placed on the market unfurnished
0:56:01 > 0:56:05then it should be put on at £395 per calendar month.
0:56:05 > 0:56:07I think this property would achieve
0:56:07 > 0:56:10£450 per calendar month on the rental market.
0:56:10 > 0:56:13We're getting 400 and we are very happy. We've got a good tenant.
0:56:15 > 0:56:18A rental income of £400 per month
0:56:18 > 0:56:21works out as a yield of just over 10%,
0:56:21 > 0:56:23which is very healthy indeed.
0:56:25 > 0:56:28So, what's on the cards for these two in the future?
0:56:28 > 0:56:30Another auction property?
0:56:30 > 0:56:33- Oh, definitely. Yes.- Definitely.
0:56:33 > 0:56:35You have to do your research,
0:56:35 > 0:56:37as we've learned from Homes Under The Hammer,
0:56:37 > 0:56:40you have to do your research on property before you buy,
0:56:40 > 0:56:43but, yes, we'll definitely go back to auctions.
0:56:46 > 0:56:47That's it for today's show.
0:56:47 > 0:56:49Join us next time for more thrills and spills
0:56:49 > 0:56:52- here on Homes Under The Hammer. - We'll see you soon.- Goodbye.
0:57:11 > 0:57:14Subtitles by Red Bee Media Ltd