0:00:02 > 0:00:04Hello! There are many property auctions around the UK -
0:00:04 > 0:00:06it's a thriving business,
0:00:06 > 0:00:08and millions of pounds worth of property is sold there every year.
0:00:08 > 0:00:11Yes, and if you're looking at learning the tricks
0:00:11 > 0:00:14of how to buy your home under the hammer,
0:00:14 > 0:00:15you've come to the right place.
0:00:41 > 0:00:44We're always telling you that you should do your research
0:00:44 > 0:00:46before you buy at auction, but what does that mean?
0:00:46 > 0:00:49Yes, you should always go and see the property, if you can.
0:00:49 > 0:00:52That way, at least you know what you're taking on.
0:00:52 > 0:00:55So, what's tempted the buyers on today's show?
0:00:56 > 0:01:01In Gateshead, I think this house has got that something special.
0:01:01 > 0:01:03Quite exciting, actually.
0:01:03 > 0:01:05I can't wait to explore the rest of the house.
0:01:06 > 0:01:08Whereas in Stoke-on-Trent, well,
0:01:08 > 0:01:11quite frankly, this place is going down the drain.
0:01:11 > 0:01:15Right! Well, clearly the guttering needs a bit of looking at.
0:01:17 > 0:01:19But in Derbyshire, I am not looking
0:01:19 > 0:01:23to throw it all away quite so quickly.
0:01:23 > 0:01:25That...is beautiful!
0:01:27 > 0:01:29All these properties have been sold at auction.
0:01:29 > 0:01:32We'll find out who bought them and what they paid for them
0:01:32 > 0:01:34when they went...
0:01:34 > 0:01:36- under the hammer. - You bought it, sir.
0:01:41 > 0:01:44And now for a trip to Tyne and Wear
0:01:44 > 0:01:46and the Aighton area of Gateshead.
0:01:46 > 0:01:50Aighton Banks is a residential area, popular with families,
0:01:50 > 0:01:54within easy commuting distance of Newcastle and Durham.
0:01:54 > 0:01:57But with commuting comes cars...
0:01:57 > 0:01:59and the property I'm here to see
0:01:59 > 0:02:01is on this fairly busy-ish road,
0:02:01 > 0:02:03so that's one downside.
0:02:03 > 0:02:06But, luckily, this house, well, look, it's quite set-back.
0:02:06 > 0:02:08It's a three-bedroom semidetached
0:02:08 > 0:02:11and it does have its own driveway and garage.
0:02:11 > 0:02:16All for a guide price of £120,000 to £140,000.
0:02:16 > 0:02:20At first glance, this stone-built semi seems to be in good condition.
0:02:20 > 0:02:23It's got modern windows and a front porch.
0:02:23 > 0:02:26Let's hope the inside is as neat and tidy.
0:02:26 > 0:02:31Now, I do like that original stonework on the outside,
0:02:31 > 0:02:33but I didn't expect this.
0:02:33 > 0:02:36An amazing, generous hall - wow!
0:02:36 > 0:02:40It's really got a luxurious, spacious feel to it.
0:02:40 > 0:02:42I mean, it's incredibly dated.
0:02:42 > 0:02:44You can see the wallpaper needs stripping,
0:02:44 > 0:02:45the carpets needs replacing,
0:02:45 > 0:02:48but look, you've got a wonderful big bay window
0:02:48 > 0:02:50letting in loads of light.
0:02:50 > 0:02:52Gorgeous cornicing.
0:02:52 > 0:02:55Some really nice, interesting '30s features in this property.
0:02:55 > 0:02:59You could probably replace all this with something a little more modern.
0:02:59 > 0:03:01But it's a brilliant room.
0:03:01 > 0:03:04Really big and it's quite exciting, actually.
0:03:04 > 0:03:06I can't wait to explore the rest of the house.
0:03:08 > 0:03:11The great proportions carry on with the sweeping staircase,
0:03:11 > 0:03:13which leads up to three bedrooms
0:03:13 > 0:03:16which are all really good, family-friendly size -
0:03:16 > 0:03:19two doubles and a smaller third bedroom.
0:03:19 > 0:03:23The large rear bedroom has already had the wallpaper stripped
0:03:23 > 0:03:25and I just love that fireplace!
0:03:27 > 0:03:28The second bedroom...
0:03:28 > 0:03:31Well, this would be a great room for a couple of kids to share.
0:03:31 > 0:03:33There's plenty of...erm, space!
0:03:33 > 0:03:37# All the stars are coming out tonight
0:03:37 > 0:03:42# They're lighting up the sky tonight
0:03:42 > 0:03:44# For you
0:03:44 > 0:03:47# For you... #
0:03:47 > 0:03:52But before I get too starry-eyed, we leave space behind
0:03:52 > 0:03:54and travel back in time
0:03:54 > 0:03:56to a time when peach was peachy!
0:03:56 > 0:03:58Oh, dear!
0:03:58 > 0:04:02On the plus side, there's loads of room for a modern, luxurious set-up.
0:04:02 > 0:04:05Space is definitely the story of this house, though -
0:04:05 > 0:04:08upstairs and downstairs.
0:04:08 > 0:04:10I don't want to appear over-excited,
0:04:10 > 0:04:14but for a semidetached house, this really is spacious!
0:04:14 > 0:04:16I mean, look at this room -
0:04:16 > 0:04:17it's magnificent!
0:04:17 > 0:04:19It's got lovely high ceilings,
0:04:19 > 0:04:23and that garden goes on for ever and a day!
0:04:23 > 0:04:24I mean, it's just brilliant.
0:04:24 > 0:04:26There is a lot of work to do here,
0:04:26 > 0:04:29but what an incredible family house this is!
0:04:29 > 0:04:32Kitchen? Mm-mm! This is where it goes downhill.
0:04:32 > 0:04:34So, what we do about that?
0:04:34 > 0:04:35Knock through here
0:04:35 > 0:04:40and you can create a really nice open-plan kitchen/dining area,
0:04:40 > 0:04:43family room with wonderful views out to that garden.
0:04:43 > 0:04:45Or, possibly at a later stage,
0:04:45 > 0:04:48you could think about knocking through
0:04:48 > 0:04:50and creating a really nice extension.
0:04:50 > 0:04:52I reckon you could easily extend to the side
0:04:52 > 0:04:55where the current garage is, then put a replacement garage
0:04:55 > 0:04:58in front of any new extension.
0:04:58 > 0:05:01And there's plenty of room to accommodate all this.
0:05:01 > 0:05:04The garden is really spacious in this property,
0:05:04 > 0:05:06guided at 120,000 to 140,000,
0:05:06 > 0:05:09but not all this greenery is welcome.
0:05:13 > 0:05:17I've spotted one potential problem - ivy.
0:05:17 > 0:05:19And I'm not talking about the mother-in-law.
0:05:19 > 0:05:24Now, ivy roots can penetrate any cracks or joints in a building
0:05:24 > 0:05:27and then cause structural damage.
0:05:27 > 0:05:29But the current thinking is that ivy is often
0:05:29 > 0:05:32unfairly blamed for damage to buildings,
0:05:32 > 0:05:35and if your masonry is sound,
0:05:35 > 0:05:38then ivy - well, it should leave it unaffected.
0:05:38 > 0:05:41But whatever your opinion is of this clinging climber,
0:05:41 > 0:05:42it can damage gutters,
0:05:42 > 0:05:45make it hard to do building maintenance like painting,
0:05:45 > 0:05:49and it can block light from windows.
0:05:49 > 0:05:52But, personally, I would remove this pesky plant
0:05:52 > 0:05:55or, at least, give it a severe haircut.
0:05:55 > 0:06:00# Nothing clings like ivy...#
0:06:00 > 0:06:04Ivy aside, this seems to be a pretty good buy to me.
0:06:05 > 0:06:08Time to get some advice from a local property expert.
0:06:08 > 0:06:12So how much could the semi achieve after a basic refurbishment?
0:06:12 > 0:06:15I think this property, as it stands,
0:06:15 > 0:06:17as a three-bedroom house,
0:06:17 > 0:06:20could easily fetch in its modern condition
0:06:20 > 0:06:22£200,000 to £225,000.
0:06:22 > 0:06:26And how much would it be worth if you added an extension?
0:06:26 > 0:06:30I think if they extended this and put an extra bedroom on,
0:06:30 > 0:06:32then it would perhaps fetch £250,000.
0:06:32 > 0:06:37So that extension could make quite a difference to the sale price.
0:06:37 > 0:06:39Would the same be true for rental values?
0:06:39 > 0:06:42I think if this was done to a good standard,
0:06:42 > 0:06:47rental income could fetch £850 per calendar month.
0:06:47 > 0:06:48I think if they extend this property,
0:06:48 > 0:06:51and added another bedroom, then it could possibly fetch
0:06:51 > 0:06:53over £1,000 per calendar month.
0:06:54 > 0:06:56I love this house.
0:06:56 > 0:06:58But this property does need a bit of work.
0:06:58 > 0:07:01But it gives you the opportunity to renovate and extend
0:07:01 > 0:07:04and turn it into a lovely family home.
0:07:04 > 0:07:07And there could also be a bit of profit in there somewhere too.
0:07:07 > 0:07:09So, who bid for this semi?
0:07:09 > 0:07:11Let's find out at the auction.
0:07:14 > 0:07:17Lot 11. A good-sized property.
0:07:17 > 0:07:18A very nice sized garden.
0:07:18 > 0:07:21Make a lovely family home. £120,000?
0:07:22 > 0:07:24Start me off, 120.
0:07:24 > 0:07:25I'll take it in fives.
0:07:25 > 0:07:27At £120,000.
0:07:27 > 0:07:29Looking for 125. At 125. 130.
0:07:29 > 0:07:31135.
0:07:31 > 0:07:32140.
0:07:32 > 0:07:35145. Shake of the head.
0:07:35 > 0:07:37Take two, if you like? 142?
0:07:37 > 0:07:38142. 144.
0:07:38 > 0:07:40146.
0:07:40 > 0:07:42145.
0:07:42 > 0:07:43145.
0:07:43 > 0:07:45146.
0:07:45 > 0:07:46147.
0:07:46 > 0:07:48147, fresh bidder.
0:07:48 > 0:07:50148. 149.
0:07:50 > 0:07:52149. 150.
0:07:52 > 0:07:54And one?
0:07:55 > 0:07:58Take half from you. 150 and a half.
0:07:58 > 0:08:00150 and a half.
0:08:00 > 0:08:01151.
0:08:01 > 0:08:02And a half.
0:08:02 > 0:08:04152.
0:08:04 > 0:08:06And a half.
0:08:06 > 0:08:07Take a quarter?
0:08:07 > 0:08:09£250.
0:08:10 > 0:08:11One more?
0:08:11 > 0:08:13152,250.
0:08:13 > 0:08:14152 and a half.
0:08:14 > 0:08:17152,750.
0:08:17 > 0:08:18153.
0:08:18 > 0:08:20153,250.
0:08:20 > 0:08:21153 and a half.
0:08:21 > 0:08:24No. Definite shake of the head this time.
0:08:24 > 0:08:27So, £153,500. First time?
0:08:27 > 0:08:28Second time?
0:08:28 > 0:08:32Are you all done and out at £153,500?
0:08:32 > 0:08:33Congratulations!
0:08:33 > 0:08:36Well done. Thank you very much indeed.
0:08:36 > 0:08:39# This is a big opportunity... #
0:08:39 > 0:08:41And so, for £153,500,
0:08:41 > 0:08:46the Gateshead house was bought by Stephen and Amy
0:08:46 > 0:08:49and they see this as a great opportunity
0:08:49 > 0:08:51to make it a fab first family home.
0:08:53 > 0:08:57They came along to meet us with their daughter Mia
0:08:57 > 0:08:59who took a seat on the stairs to listen to Mum and Dad's plans.
0:08:59 > 0:09:01Stephen and Amy, congratulations.
0:09:01 > 0:09:04What was it about this property that you loved so much?
0:09:04 > 0:09:05Well, it was the garden.
0:09:05 > 0:09:07- That was the seller. - Yeah.
0:09:07 > 0:09:10And where it is, as well. It's, like, in a lovely quiet place.
0:09:10 > 0:09:13- And, for your money, you can't get a house like this.- No.
0:09:13 > 0:09:16We've looked at loads of houses, and you can't.
0:09:16 > 0:09:19Do you feel that you really have got yourself a bargain?
0:09:19 > 0:09:21- Oh, definitely! - Definitely.- Yeah.
0:09:21 > 0:09:23I do agree with them on that.
0:09:23 > 0:09:28£153,500 for this fantastic family home, has to be a winner!
0:09:28 > 0:09:31And it's less than the couple thought it would go for.
0:09:31 > 0:09:33They must be delighted
0:09:33 > 0:09:37because very soon they are going to need plenty of extra space.
0:09:37 > 0:09:39So where are you currently living?
0:09:39 > 0:09:40We're living with my parents.
0:09:40 > 0:09:43And how long have you been living there?
0:09:43 > 0:09:45We've been living there over two years now.
0:09:45 > 0:09:47And it's just time to leave.
0:09:47 > 0:09:50I'm pregnant. And we've got Mia, who's nearly three.
0:09:50 > 0:09:51So, yes, it's all systems go.
0:09:51 > 0:09:53It's going to be a family home.
0:09:53 > 0:09:55Trying to get it done before the next one is due. Hopefully.
0:09:55 > 0:09:59- So, hold on... When's your baby due? - Be about six months.- Yeah.
0:09:59 > 0:10:02Six months until you have a baby - you've already got a three-year-old
0:10:02 > 0:10:04and you're planning on making this your family home.
0:10:04 > 0:10:06Quite a lot to contend with!
0:10:06 > 0:10:08- Yeah.- A lot. Yeah, a lot.
0:10:09 > 0:10:11Wow. This is going to be a challenge,
0:10:11 > 0:10:13but it's SO going to be worth it!
0:10:13 > 0:10:17At the moment, the family share one bedroom at Amy's mum's house,
0:10:17 > 0:10:20so the sooner they can move in the better.
0:10:20 > 0:10:23You're going to be very hands on with the project... Especially you?
0:10:23 > 0:10:25- Oh, definitely. - You'll have to be.
0:10:25 > 0:10:26I'm re-doing the bathrooms.
0:10:26 > 0:10:29Any plumbing that needs to be done, I'll be doing that.
0:10:29 > 0:10:32But, everything else - plastering, electrics, or stuff -
0:10:32 > 0:10:35I'll leave it to the professionals to do that.
0:10:35 > 0:10:36Stephen is a tiler,
0:10:36 > 0:10:39and has recently completed a plumbing course,
0:10:39 > 0:10:41so those skills are going to be very handy.
0:10:41 > 0:10:44But, of course he's got his job as well,
0:10:44 > 0:10:45so he's going to be busy.
0:10:45 > 0:10:47Amy works in accounts,
0:10:47 > 0:10:49and with Mia and a baby on the way,
0:10:49 > 0:10:53I'm wondering if she is going to have any time to do anything.
0:10:53 > 0:10:55Amy, what are you going to add to this property?
0:10:55 > 0:10:58I think I'll probably help with the decorating.
0:10:58 > 0:11:00I've already got Mia's room planned.
0:11:00 > 0:11:03I can't wait to do her room. A pink boudoir!
0:11:03 > 0:11:06Mia's going to have a pink boudoir!
0:11:06 > 0:11:08- I love the sound of that. - Yeah.
0:11:08 > 0:11:11- What about the new baby?- Obviously, have you any idea, boy or girl?
0:11:11 > 0:11:12No, we don't know.
0:11:12 > 0:11:15Because it could possibly be twins.
0:11:15 > 0:11:17- What?! - As well.
0:11:17 > 0:11:19Because we're both twins.
0:11:19 > 0:11:20So, we find out next week.
0:11:21 > 0:11:23# Double trouble
0:11:23 > 0:11:26# Twice as much as anybody else
0:11:26 > 0:11:28# Oh, yeah. #
0:11:28 > 0:11:29Blimey!
0:11:29 > 0:11:32Just as well this is a spacious home, and has room for expansion.
0:11:34 > 0:11:36Roughly how much have you got to spend on the property?
0:11:36 > 0:11:38Our budget for the work really...
0:11:38 > 0:11:40It's capped off at 15,000.
0:11:40 > 0:11:41Beg, borrow AND stealing(!)
0:11:41 > 0:11:43I mean, it's not much to do it
0:11:43 > 0:11:44and it's a massive house,
0:11:44 > 0:11:46but one thing we've got going for it
0:11:46 > 0:11:49is we already have a kitchen we bought, which is in storage.
0:11:49 > 0:11:51So, hold on a minute. Why have you got a kitchen already?
0:11:51 > 0:11:53Well, we've seen it, liked it,
0:11:53 > 0:11:55even before we saw any house...
0:11:55 > 0:11:58- Yeah. - ..and just got it.
0:11:58 > 0:12:00I got it for a really cheap price, so...
0:12:00 > 0:12:03- So, how much did you pay for it? - £1,000.- £1,000? What's it like?
0:12:03 > 0:12:06Oh, it's fab - it's got coffee machines and everything, hasn't it?
0:12:06 > 0:12:08- We've done well. - No...!- Yeah.
0:12:08 > 0:12:11Well, that's a novel one - buy a kitchen
0:12:11 > 0:12:13and fit your house around it.
0:12:13 > 0:12:15That's exactly what they're going to do.
0:12:15 > 0:12:17Open out the space and create a kitchen-diner,
0:12:17 > 0:12:19just as I was hoping.
0:12:19 > 0:12:22That will certainly make the most of their bargain kitchen.
0:12:22 > 0:12:25But even with that saving,
0:12:25 > 0:12:27£15,000 is tight,
0:12:27 > 0:12:31and might not allow for those unexpected extras.
0:12:31 > 0:12:33Have you any structural concerns?
0:12:33 > 0:12:35I've noticed some ivy creeping up back wall.
0:12:35 > 0:12:36Is there any damp?
0:12:36 > 0:12:38I've never had a good look, to be honest with you.
0:12:38 > 0:12:40We just got the keys yesterday.
0:12:40 > 0:12:42- We both wanted the house so much... - You don't care - "Whatever!"
0:12:42 > 0:12:45It still wouldn't have stopped us getting it, no.
0:12:45 > 0:12:47I am so excited for the both of you.
0:12:47 > 0:12:49Good luck with everything, and the baby,
0:12:49 > 0:12:52I know you'll do a great job. Lovely to meet you both.
0:12:52 > 0:12:54- Thank you. - And you, well done.
0:12:54 > 0:12:57Well, with the second baby - or babies - on the way,
0:12:57 > 0:13:01Stephen and Amy have a very definite deadline to work to.
0:13:01 > 0:13:04So, will they get this house renovated and ready
0:13:04 > 0:13:06before the six months was up?
0:13:06 > 0:13:08You can find out how they all get on
0:13:08 > 0:13:10and if they move in on time, later in the programme.
0:13:13 > 0:13:16From what will hopefully be a family home
0:13:16 > 0:13:19to a place which was home to a now famous singer.
0:13:21 > 0:13:23Today I'm in Robbie Williams territory -
0:13:23 > 0:13:26Burslem in Stoke-on-Trent.
0:13:26 > 0:13:29# And all the Burslem lads
0:13:29 > 0:13:30# Now that they're all dads
0:13:30 > 0:13:32# They meant so much to me... #
0:13:33 > 0:13:36Well, ten minutes from the town centre of Burslem,
0:13:36 > 0:13:37and about two miles from Hanley
0:13:37 > 0:13:39is the property I'm here to see.
0:13:39 > 0:13:41It's a four-bed, end-of-terrace.
0:13:41 > 0:13:44Sounds pretty spacious from the specs.
0:13:44 > 0:13:47Guide price was £42,000 plus.
0:13:47 > 0:13:49In we go.
0:13:53 > 0:13:55So, what have we got? Whoa...!
0:13:56 > 0:13:58That's green!
0:13:58 > 0:14:00HE LAUGHS
0:14:00 > 0:14:02Nice entrance hall, but what a colour.
0:14:02 > 0:14:03I feel like Kermit the Frog!
0:14:03 > 0:14:05Stairs up to your bedrooms there.
0:14:05 > 0:14:07Whoa...!
0:14:07 > 0:14:10The subtle colour schemes continue.
0:14:10 > 0:14:11The colour of this pink?!
0:14:11 > 0:14:14Um, bizarrely, this rather...
0:14:14 > 0:14:18garish, dare I say it, wallpaper is back in fashion,
0:14:18 > 0:14:21although...I'm not sure about the pink.
0:14:21 > 0:14:24But let's forget about that - big-sized room,
0:14:24 > 0:14:26through this sort of little archway into a sort of recess
0:14:26 > 0:14:30that they've used to create this absolutely massive space.
0:14:30 > 0:14:32A deceptive property, for sure,
0:14:32 > 0:14:35because it carries on into here, which is the kitchen.
0:14:35 > 0:14:40As you can see, not at all being utilised as it could.
0:14:40 > 0:14:44And it continues through there with a sort of little utility area.
0:14:44 > 0:14:46So, loads and loads of space.
0:14:46 > 0:14:50And you can possibly create even more if you utilise the cellar.
0:14:50 > 0:14:52Which we can't access today,
0:14:52 > 0:14:55but has the same dimensions as this ground floor.
0:14:55 > 0:14:58To be honest, I think your energies would be much better focused
0:14:58 > 0:15:00on sorting this lot out.
0:15:00 > 0:15:02Everything needs doing -
0:15:02 > 0:15:04fitting a proper kitchen,
0:15:04 > 0:15:05toning down the colours,
0:15:05 > 0:15:07new flooring - you name it.
0:15:07 > 0:15:11Although it is nice to see some features worth keeping.
0:15:11 > 0:15:14I'm talking about the cornicing, not the lampshade!
0:15:14 > 0:15:17And, if you got a downstairs loo in here, as well,
0:15:17 > 0:15:21it would widen your target market and appeal to families.
0:15:21 > 0:15:24But, what's on offer upstairs for them?
0:15:24 > 0:15:28Upstairs and back to the Kermit theme.
0:15:28 > 0:15:31# It's not easy being green... #
0:15:31 > 0:15:34Do you remember that song? He was so sweet, the way he did it!
0:15:34 > 0:15:36Anyway, what've we got here?
0:15:36 > 0:15:37Three bedrooms this way.
0:15:37 > 0:15:39VERY odd layout.
0:15:39 > 0:15:41All these strange walls.
0:15:41 > 0:15:43A boxy bit in there.
0:15:43 > 0:15:46Almost like this was a much bigger space up here,
0:15:46 > 0:15:47in terms of bedrooms.
0:15:47 > 0:15:50It's been changed around to get more bedrooms.
0:15:50 > 0:15:52I'm not sure it quite worked.
0:15:52 > 0:15:55Small room there, and then, if you think that's bad,
0:15:55 > 0:15:58come here and this is the fourth bedroom.
0:15:58 > 0:16:00For a start, I never like to see this.
0:16:00 > 0:16:03It's a boiler - a gas boiler - in the bedroom.
0:16:03 > 0:16:05And if something is going to go wrong with a gas boiler,
0:16:05 > 0:16:09the worst place in the world it can be is in a bedroom.
0:16:09 > 0:16:11Carbon monoxide poisoning - all that kind of stuff.
0:16:11 > 0:16:13But, worse than that... No.
0:16:13 > 0:16:15Not worse than that, that is about as bad as it gets.
0:16:15 > 0:16:18The bedroom itself is walk-through.
0:16:18 > 0:16:21To get to the only bathroom on the property.
0:16:21 > 0:16:23So...that doesn't work.
0:16:23 > 0:16:26What I would do, probably, is sacrifice maybe the smaller
0:16:26 > 0:16:28of those bedrooms there, make this a bedroom with an en-suite.
0:16:28 > 0:16:31You've reduced the number of bedrooms,
0:16:31 > 0:16:33but you've created a much more liveable house.
0:16:38 > 0:16:39With four bedrooms,
0:16:39 > 0:16:42just one bathroom that you need to access via a room
0:16:42 > 0:16:43doesn't cut it.
0:16:46 > 0:16:49Someone has obviously had a WHALE of a time carving up the rooms here,
0:16:49 > 0:16:51so it's up to whoever buys it
0:16:51 > 0:16:54to recarve them to suit modern living.
0:16:55 > 0:16:57Let's take a look outside.
0:16:57 > 0:17:00Well, at the side and the rear of the property -
0:17:00 > 0:17:02no garden, to speak of.
0:17:02 > 0:17:05But it's low-maintenance. Looking on the positive side.
0:17:05 > 0:17:08What I'm concerned about, is all those basic things -
0:17:08 > 0:17:10I mean, here's a downpipe from the toilets.
0:17:10 > 0:17:12It's all wet at the bottom.
0:17:12 > 0:17:14That means there is some problem there.
0:17:14 > 0:17:16The water's going into the foundations.
0:17:16 > 0:17:19The guttering looks to be in a bit of a mess. It's the simple...
0:17:19 > 0:17:20Hello!
0:17:20 > 0:17:22GRUNTS
0:17:22 > 0:17:27Right, well, clearly the guttering needs a little looking at.
0:17:27 > 0:17:29These pipes cost pounds...
0:17:29 > 0:17:31Literally just a few pounds,
0:17:31 > 0:17:34and yet the damage they can do
0:17:34 > 0:17:36if they're not adequately maintained is...
0:17:36 > 0:17:38Can run into the thousands.
0:17:40 > 0:17:41OK.
0:17:41 > 0:17:42Lesson for today.
0:17:44 > 0:17:46I know maintenance seems boring,
0:17:46 > 0:17:49when you can have fun choosing kitchens and bathrooms,
0:17:49 > 0:17:52but take my advice and do it.
0:17:52 > 0:17:53You'll thank me later.
0:17:56 > 0:17:59We asked a local property expert along to cast his eye
0:17:59 > 0:18:03over the large end-of-terrace guided at £42,000.
0:18:04 > 0:18:07Positives are the fact that there's four bedrooms,
0:18:07 > 0:18:08and a bathroom upstairs.
0:18:08 > 0:18:10It will appeal to large families.
0:18:10 > 0:18:12The negatives, to some people, would be
0:18:12 > 0:18:16because of the size of the property, it would require extra money
0:18:16 > 0:18:17to refurbish the property,
0:18:17 > 0:18:20and it might not be to everybody's budget.
0:18:21 > 0:18:24So with those thoughts in mind,
0:18:24 > 0:18:27what route did he recommend for this property?
0:18:27 > 0:18:30In the current climate, I think I'd look to refurbish the property
0:18:30 > 0:18:34and possibly keep it as a long-term investment.
0:18:34 > 0:18:35The market does seem to be improving
0:18:35 > 0:18:38and, hopefully, in the near future we will also see capital growth.
0:18:38 > 0:18:42Hanging onto the property for a while might be a good move,
0:18:42 > 0:18:45so what kind of numbers are we talking about?
0:18:45 > 0:18:46Once renovated,
0:18:46 > 0:18:48I would anticipate a rental income
0:18:48 > 0:18:51in the region of £500 per calendar month.
0:18:51 > 0:18:53After renovation,
0:18:53 > 0:18:57I would anticipate a resale value in the region of £85,000.
0:18:59 > 0:19:02Well, you may have some issues with the layout of property,
0:19:02 > 0:19:05and certainly the state inside,
0:19:05 > 0:19:08but one thing you can't argue about is that guide price -
0:19:08 > 0:19:10£42,000 plus...
0:19:10 > 0:19:13Let's see who went for it when it went under the hammer.
0:19:15 > 0:19:19Number 1, which is the substantial terrace house.
0:19:19 > 0:19:2235 to start me on this?
0:19:22 > 0:19:23Make it 30, then.
0:19:23 > 0:19:2530 bid. Thank you. At £30,000.
0:19:25 > 0:19:2732 anywhere? 32 bid.
0:19:27 > 0:19:29At 32,000.
0:19:29 > 0:19:3134? 36?
0:19:31 > 0:19:33At £38,000?
0:19:33 > 0:19:35Bid on front row. 39.
0:19:35 > 0:19:38At 39. 40 is it? 40, it is.
0:19:38 > 0:19:40£41,000.
0:19:40 > 0:19:4242? New bid at 42.
0:19:43 > 0:19:45Shaking his head. 42 standing left now.
0:19:45 > 0:19:46New bidder, 43.
0:19:47 > 0:19:4944?
0:19:49 > 0:19:5044.
0:19:50 > 0:19:5245.
0:19:53 > 0:19:5545.
0:19:55 > 0:19:5746.
0:19:57 > 0:19:5846.
0:19:58 > 0:20:0047? 47.
0:20:00 > 0:20:0248? 48.
0:20:02 > 0:20:0449?
0:20:04 > 0:20:0649.
0:20:06 > 0:20:0750?
0:20:09 > 0:20:1050.
0:20:10 > 0:20:1151?
0:20:11 > 0:20:1351.
0:20:13 > 0:20:1452.
0:20:15 > 0:20:1753.
0:20:20 > 0:20:2154.
0:20:23 > 0:20:25No? 54 anywhere else?
0:20:25 > 0:20:28If not... £53,000 for the first time?
0:20:28 > 0:20:31£53,000 for second time?
0:20:31 > 0:20:33Third and last time, at £53,000.
0:20:33 > 0:20:35You bought it, sir. Well done.
0:20:37 > 0:20:40The gavel came down on a bid of £53,000,
0:20:40 > 0:20:43made by financial services worker Riz,
0:20:43 > 0:20:46who I met back at the property to get the lowdown.
0:20:52 > 0:20:54- Riz, good to meet you.- You, too.
0:20:54 > 0:20:56- Congratulations. - Thank you.
0:20:56 > 0:21:00- Do you like the colour green? - Erm... Yeah, I think, erm...
0:21:00 > 0:21:03It's not quite grown on me, to be honest.
0:21:03 > 0:21:04Thank goodness for that.
0:21:04 > 0:21:07Tell me why you wanted to buy the house.
0:21:07 > 0:21:09It was really for investment purposes,
0:21:09 > 0:21:11and to be completely honest,
0:21:11 > 0:21:15when I turned up at the auction, which was actually my first time -
0:21:15 > 0:21:17I'd not been to an auction before -
0:21:17 > 0:21:20it was the first lot and I just kind of put my hand up
0:21:20 > 0:21:22- and it went from there. - Really?!- Yeah!
0:21:22 > 0:21:24You didn't anticipate buying it, then?
0:21:24 > 0:21:26No, I'd had a look at it, briefly,
0:21:26 > 0:21:28for probably five minutes, a week before.
0:21:28 > 0:21:32I didn't turn up thinking I was going to leave with... erm...
0:21:32 > 0:21:34after paying a deposit.
0:21:34 > 0:21:35Is it something you do?
0:21:35 > 0:21:37Otherwise you wouldn't be so nonchalant about it.
0:21:37 > 0:21:40I've had a mini project before with a property quite close to here.
0:21:40 > 0:21:43And that that needed quite a bit more work,
0:21:43 > 0:21:47and we've managed to find tenants for it and that's going quite...
0:21:47 > 0:21:49You know... It's quite easy once it's up and running.
0:21:49 > 0:21:52And that's really what attracted me to this, as well.
0:21:52 > 0:21:56For someone relatively fresh to developing,
0:21:56 > 0:21:59Riz has a great, laid-back attitude.
0:21:59 > 0:22:01He's got a budget of £8,000 to £10,000
0:22:01 > 0:22:04and a rough timescale of two and a half months.
0:22:08 > 0:22:11Riz intends on making this house more energy efficient.
0:22:11 > 0:22:13He's planning on researching government schemes
0:22:13 > 0:22:17that could help pay for loft and cavity wall installation,
0:22:17 > 0:22:20so he's hoping make this house suitable for a family house let.
0:22:20 > 0:22:23So what else is on the to-do list
0:22:23 > 0:22:25to give this place a star turn?
0:22:25 > 0:22:27Upstairs there's a few issues with the floorboards.
0:22:27 > 0:22:30I think, previously, the bathroom,
0:22:30 > 0:22:32being upstairs, has actually caved through.
0:22:32 > 0:22:34So all the floorboards are bowed.
0:22:34 > 0:22:37So they'll need replacing.
0:22:37 > 0:22:41All new carpets, and completely new replastering throughout.
0:22:41 > 0:22:44Certainly the walls are a little bit wonky, I think.
0:22:44 > 0:22:46That includes the ceilings, as well. Some of the Artex ceilings.
0:22:46 > 0:22:48What about the layout?
0:22:48 > 0:22:51Because you've got this bedroom which leads to the bathroom,
0:22:51 > 0:22:53which is never ideal, is it?
0:22:53 > 0:22:55That's something I need to give a bit more thought to,
0:22:55 > 0:22:58because I think there's potential to have a bathroom downstairs,
0:22:58 > 0:23:01which probably may make a bit more sense.
0:23:01 > 0:23:03- What - have that as an en-suite, then?- Yes.- That's a good idea.
0:23:03 > 0:23:05Potentially, but then again, I think
0:23:05 > 0:23:08originally the plans for this property were to have it
0:23:08 > 0:23:11as two separate flats - something I may well consider in the future.
0:23:11 > 0:23:14- Well, congratulations.- Thank you. - And good luck with it.
0:23:14 > 0:23:17- Look forward to seeing how you get on.- Brilliant, thanks.
0:23:17 > 0:23:21So, a bit of a spur-of-the-moment purchase for Riz,
0:23:21 > 0:23:23but I actually think he's got a good property here.
0:23:23 > 0:23:30And, looks like the multicoloured walls will be gone when we return.
0:23:30 > 0:23:31Probably.
0:23:31 > 0:23:36You can find out how he gets on later in the show.
0:23:36 > 0:23:40Coming up: In Derbyshire, we see what £40,000 might get you.
0:23:40 > 0:23:44Intrinsically, this is a lot of house for the money, I think.
0:23:44 > 0:23:48And back in Stoke, we catch up on Riz's... hmm...
0:23:48 > 0:23:51steady refurbishment progress.
0:23:51 > 0:23:55I've come so far in... Well, not such a short time!
0:24:00 > 0:24:02Now we return to Gateshead, Tyne and Wear,
0:24:02 > 0:24:05where we first saw the three-bedroom semidetached property
0:24:05 > 0:24:08that had bags of space, loads of character,
0:24:08 > 0:24:10lots of refurbishment work to do
0:24:10 > 0:24:13and one of the longest gardens I've seen!
0:24:15 > 0:24:18And for plumber and tiler Stephen and wife Amy,
0:24:18 > 0:24:21it offered the much-needed room for their young family.
0:24:22 > 0:24:26# Let it grow, let it grow
0:24:28 > 0:24:32# Let it blossom, let it flow... #
0:24:32 > 0:24:33So, where are you currently living?
0:24:33 > 0:24:35We're living with my parents.
0:24:35 > 0:24:40- How long have you been living with your parents?- Over two year now.
0:24:40 > 0:24:42- And it's just time we're... Time to leave.- And I'm pregnant.
0:24:42 > 0:24:45And we've got little Mia, haven't we? Who's nearly three.
0:24:45 > 0:24:49So it's all systems go. Trying to get it done before the next one's due.
0:24:49 > 0:24:52- Hopefully.- So, hold on, when's your baby due?
0:24:52 > 0:24:53- Be about six months.- Yep.
0:24:53 > 0:24:55So you've got six months before you have a baby,
0:24:55 > 0:24:57you've already got a three-year-old,
0:24:57 > 0:24:59and you're planning on making this your family home.
0:24:59 > 0:25:02- So, quite a lot to contend with. - A lot.
0:25:02 > 0:25:03Yeah. A lot.
0:25:03 > 0:25:07And having paid £153,500 for the house at auction,
0:25:07 > 0:25:09they were hoping that with a £15,000 budget
0:25:09 > 0:25:12they could get the place refurbished in six months.
0:25:12 > 0:25:16Ready for their growing family to move into.
0:25:16 > 0:25:21And now, 11 months later, we're back with Stephen to check on progress.
0:25:22 > 0:25:25Well, the outside was always in decent nick,
0:25:25 > 0:25:27it was inside where the work was needed.
0:25:33 > 0:25:35Wow! Just look at that!
0:25:35 > 0:25:38With solid wood floors and wood-burning stove,
0:25:38 > 0:25:41the front reception is very stylish.
0:25:41 > 0:25:42I like it.
0:25:47 > 0:25:54That modern twist has also been applied to the back dining room.
0:25:59 > 0:26:02But, just remember that poky, dated kitchen?
0:26:03 > 0:26:06Well, it certainly isn't that any more.
0:26:06 > 0:26:09It's also not the kitchen they bought before buying the house.
0:26:09 > 0:26:11So what has been going on?
0:26:12 > 0:26:15As you can see, we had a massive change of the kitchen.
0:26:15 > 0:26:19There used to be a large brick wall... online with this wall here.
0:26:19 > 0:26:24We've knocked this wall down and we've created a massive space.
0:26:24 > 0:26:26So we've put marble all the way through, as well.
0:26:26 > 0:26:28Put this brand-new kitchen in,
0:26:28 > 0:26:31which wasn't the kitchen which was originally mentioned, but...
0:26:31 > 0:26:34We had a white gloss kitchen, which wouldn't tie in
0:26:34 > 0:26:37with the period of what we're trying to do with this property, so...
0:26:37 > 0:26:39basically, everything's pretty much brand-new.
0:26:39 > 0:26:41Oh, fabulous.
0:26:41 > 0:26:43What a great space.
0:26:43 > 0:26:44And upstairs?
0:26:47 > 0:26:49Stephen and Amy's master bedroom
0:26:49 > 0:26:51is plush, vibrant, modern and very grown-up.
0:26:55 > 0:26:59His daughter Mia got the pink room she hoped for.
0:26:59 > 0:27:03I think you'll agree, she sure has!
0:27:03 > 0:27:05And it has the bonus of being en suite, too.
0:27:05 > 0:27:09But perhaps more excitingly, she has got a new baby brother!
0:27:10 > 0:27:12Three and a half month old Louis.
0:27:21 > 0:27:25I think I can guess which room his might be!
0:27:25 > 0:27:29But what about that rather sorry bathroom and toilet set-up?
0:27:29 > 0:27:31We knocked the wall down
0:27:31 > 0:27:33and we've made one large family bathroom.
0:27:33 > 0:27:37Pretty much kept the theme running from downstairs with the marble,
0:27:37 > 0:27:39up into the bathroom.
0:27:39 > 0:27:42I think it dates well, doesn't really go out of fashion.
0:27:42 > 0:27:44You can polish it every year
0:27:44 > 0:27:46and pretty much have a new bathroom.
0:27:46 > 0:27:50Well, Stephen's plumbing and tiling skills have really come to the fore
0:27:50 > 0:27:52in the bathrooms and kitchen.
0:27:52 > 0:27:55And the house is at last ready for them to move into,
0:27:55 > 0:27:59with a plan to properly tackle that large garden
0:27:59 > 0:28:02and that ivy once they've settled in.
0:28:02 > 0:28:06Mind you, it's already got that all-important slide and swing.
0:28:06 > 0:28:08# It don't mean a thing
0:28:08 > 0:28:11# If it ain't got that swing... #
0:28:11 > 0:28:15But why has it taken nearly twice as long as planned?
0:28:15 > 0:28:18Well, I wanted to do it a lot earlier, but with work
0:28:18 > 0:28:21it made it very difficult to try and spend time in the house
0:28:21 > 0:28:23to get anything done.
0:28:23 > 0:28:27Sometimes the house was left standing there
0:28:27 > 0:28:30for a month at a time, but at the same time
0:28:30 > 0:28:35you've got to work to pay for the things you want.
0:28:36 > 0:28:38Yes, with Stephen having a full-time job and Amy having
0:28:38 > 0:28:42both baby Louis and daughter Mia to look after,
0:28:42 > 0:28:44doing such a comprehensive renovation -
0:28:44 > 0:28:46well, it can't have been easy!
0:28:46 > 0:28:50And to finish it to such high standards can't have been cheap.
0:28:50 > 0:28:52Originally, it was 15,000.
0:28:52 > 0:28:57It went to 40, only because it is a house that we're living in.
0:28:57 > 0:29:00We plan to live here for a long time.
0:29:00 > 0:29:03So I suppose you've to pay a bit extra money to get what you want,
0:29:03 > 0:29:05especially if you're living in it,
0:29:05 > 0:29:09so it's worth every penny, I think,
0:29:09 > 0:29:11what I've put into it.
0:29:11 > 0:29:16Stephen and Amy waited a while to have the perfect home,
0:29:16 > 0:29:20so I would imagine it's been well worth the money and the graft.
0:29:20 > 0:29:22With that 40 grand budget,
0:29:22 > 0:29:25they've now spent just under 194,000 on the house.
0:29:26 > 0:29:30What will two agents make of this transformation?
0:29:32 > 0:29:34The property is a lovely home.
0:29:34 > 0:29:36They've modernised it to a high standard,
0:29:36 > 0:29:39and it is ideal for a growing family.
0:29:39 > 0:29:40The property is excellent.
0:29:40 > 0:29:43Obviously, a good-sized property to start with, but the work
0:29:43 > 0:29:45is to a very high standard.
0:29:45 > 0:29:47The open-plan kitchen,
0:29:47 > 0:29:48I think's very nice.
0:29:50 > 0:29:53Stephen and Amy really have done a terrific job,
0:29:53 > 0:29:57but they've invested £193,500
0:29:57 > 0:30:00into making this house their home.
0:30:00 > 0:30:02Has it paid off?
0:30:02 > 0:30:06I would look to achieve a sale price between £220,000, and £230,000.
0:30:06 > 0:30:08To put this property on the market for sale
0:30:08 > 0:30:11I'd value it in the region of £225,000.
0:30:11 > 0:30:15- But what do Stephen make of those valuations?- Very pleased.
0:30:15 > 0:30:17Not looking to sell, though.
0:30:17 > 0:30:22This is a family home, so it's still a little profit there.
0:30:22 > 0:30:25Yes, clearly having putting so much time and money into the house,
0:30:25 > 0:30:28Stephen and Amy aren't planning to sell any time soon,
0:30:28 > 0:30:30but it's good to know there's a potential pre-tax
0:30:30 > 0:30:36profit of between 27 and 37,000 and, if for whatever reason they did
0:30:36 > 0:30:40rent it, they should get a 5% yield on their investment.
0:30:43 > 0:30:45But this house was never about financial returns.
0:30:45 > 0:30:50Most importantly, it was getting a home for Stephen, Amy, Mia
0:30:50 > 0:30:51and now little baby Louis.
0:30:53 > 0:30:57So, how does Stephen feel about their slightly protracted project?
0:30:57 > 0:31:00It feels excellent that we can finally move into our brand-new
0:31:00 > 0:31:06house, enjoy the house that we've built
0:31:06 > 0:31:10and basically watch the family grow up in it.
0:31:11 > 0:31:16And let's hope this will be a happy family home for many years to come.
0:31:30 > 0:31:34I'm in the market town of Swadlincote in South Derbyshire
0:31:34 > 0:31:36which flourished during the Industrial Revolution
0:31:36 > 0:31:40due to the deposits of clay and coal in the area.
0:31:40 > 0:31:43Here, the potteries and brickworks manufactured
0:31:43 > 0:31:47an amazing variety of wares and sewerage pipes made in the town
0:31:47 > 0:31:49were exported all over the world.
0:31:49 > 0:31:53So much of our industrial heritage has been lost,
0:31:53 > 0:31:57but it's really lovely when you come across something
0:31:57 > 0:31:59like this here in Swadlincote.
0:31:59 > 0:32:03This is one of the last remaining bottle shaped kilns in the UK.
0:32:03 > 0:32:06It's been preserved, it's been restored and it now forms
0:32:06 > 0:32:11a centrepiece of museums, some reinvigorated local businesses.
0:32:11 > 0:32:13It's just great to see.
0:32:13 > 0:32:16And along with the restoration of the town's historic hub,
0:32:16 > 0:32:20there are signs of improvement too in Swadlincote's housing stock.
0:32:21 > 0:32:25Old buildings are being restored and new houses being built.
0:32:25 > 0:32:28An encouraging environment for any would-be property investor.
0:32:29 > 0:32:33Well, walking distance from the town centre is the property
0:32:33 > 0:32:34I'm here to see.
0:32:34 > 0:32:40Two-bedroomed mid-terrace, a guide price of £40,000 plus.
0:32:40 > 0:32:43This is it, but you'll notice straightaway, no door on the front.
0:32:43 > 0:32:46To get in, you have to go down this little corridor.
0:32:54 > 0:32:57It takes a bit of getting used to, that whole coming down that
0:32:57 > 0:33:00little alleyway to the front... Well, is it the front door?
0:33:00 > 0:33:02It's the side door, I suppose.
0:33:02 > 0:33:05When you come into the house, what have we got?
0:33:05 > 0:33:07Big understairs cupboard facing you.
0:33:07 > 0:33:09Stairs up to the bedrooms there.
0:33:09 > 0:33:12Large sort of front living room area there
0:33:12 > 0:33:17and through to the rear of the property and look at this floor.
0:33:17 > 0:33:20The original tiles, quarry tiles.
0:33:20 > 0:33:23My guess, judging where it's all higgledy-piggledy,
0:33:23 > 0:33:26is there is something going on with the substrate there which is
0:33:26 > 0:33:29causing that to come up in places.
0:33:29 > 0:33:32I'd also guess that there's no damp proof course.
0:33:32 > 0:33:37It does feel and smell quite damp, but in terms of room size,
0:33:37 > 0:33:38it's good.
0:33:38 > 0:33:41Through here into the kitchen and again,
0:33:41 > 0:33:45damp seems to be the biggest issue. Space is not.
0:33:45 > 0:33:51It's a really good size and certainly deceptive from the front.
0:33:51 > 0:33:55Canary yellow, wow! That is bright.
0:33:55 > 0:34:00Lots of space to play with and pots of paint required.
0:34:07 > 0:34:09Well, outside, you may not have a coal mine
0:34:09 > 0:34:13but you've certainly got a coal shed and an outside loo.
0:34:13 > 0:34:16A couple of really useful little outbuildings that, perhaps,
0:34:16 > 0:34:18with a bit of imagination, could be
0:34:18 > 0:34:22incorporated into the interior of the house.
0:34:22 > 0:34:25All depends, of course, on how much you want to spend here.
0:34:25 > 0:34:29A nice little bit of garden too, complete with a shed.
0:34:29 > 0:34:33This seems to be a house of many parts.
0:34:33 > 0:34:35Upstairs, the labyrinth continues.
0:34:35 > 0:34:39Down that way, a bedroom, a really nice sized bathroom.
0:34:39 > 0:34:41It needs a bit of sorting out.
0:34:41 > 0:34:47You've then got this sort of landing area here. It doesn't do much.
0:34:47 > 0:34:50I suppose it's a bit of a waste of space.
0:34:50 > 0:34:52A few floorboards need to be sorted out.
0:34:52 > 0:34:57But it does give a nice open feel to this part of the house.
0:34:57 > 0:35:01Odd little room there. Got no idea whatsoever what that is.
0:35:01 > 0:35:02It could be, I guess,
0:35:02 > 0:35:05an en-suite to one of the bedrooms if you wanted to make it that.
0:35:05 > 0:35:08Second bedroom here. Again, it's a good size.
0:35:08 > 0:35:10A few more signs of damp here
0:35:10 > 0:35:13and obviously those windows need replacing.
0:35:13 > 0:35:17It's nothing I haven't seen before or you haven't seen before
0:35:17 > 0:35:22and intrinsically, this is a lot of house for the money, I think.
0:35:22 > 0:35:25What I've also seen before is a spiralling spend,
0:35:25 > 0:35:29so you'd need to take on board the potential costs of tackling whatever
0:35:29 > 0:35:34that rather sinister floor issue is and getting rid of that damp.
0:35:34 > 0:35:38But there's one thing I definitely don't want anyone to get rid of.
0:35:38 > 0:35:41Right, I'm going to do something on behalf of the
0:35:41 > 0:35:43Fireplace Preservation Society now.
0:35:43 > 0:35:50That is beautiful. Look at that. Absolutely gorgeous. Art Deco.
0:35:50 > 0:35:53You might have seen something similar in terms of these tiles,
0:35:53 > 0:35:57but what makes it unusual is these wings on the edges.
0:35:57 > 0:35:59I know what you're thinking, yuck!
0:35:59 > 0:36:02But, no, it's a piece of architectural history.
0:36:02 > 0:36:05Do what you like with the rest of the house
0:36:05 > 0:36:07but touch that at your peril!
0:36:07 > 0:36:09# You can't touch this
0:36:11 > 0:36:13# You can't touch this
0:36:15 > 0:36:16# You can't touch this... #
0:36:16 > 0:36:19Well, what you spend in here, of course,
0:36:19 > 0:36:22all depends on what you want to do once the renovation is complete.
0:36:22 > 0:36:27At a guide price of £45,000, I don't think you can quibble too much here.
0:36:27 > 0:36:30What does the auctioneer who sold the property think about this
0:36:30 > 0:36:32terrace with an Art Deco touch?
0:36:34 > 0:36:36In layout, traditional terraced house
0:36:36 > 0:36:40and really does need everything doing to it, with one exception,
0:36:40 > 0:36:43and that is the fact that the council did a grant scheme
0:36:43 > 0:36:47many years ago to re-roof all these properties, so we're
0:36:47 > 0:36:50OK on the top, but everything beneath that needs looking at.
0:36:50 > 0:36:52The whole thing wants damp proofing.
0:36:52 > 0:36:55That has got repercussions for plastering as well
0:36:55 > 0:36:59and timber treatment, then you've got to look at wiring,
0:36:59 > 0:37:02heating and plumbing, you've got to look at windows.
0:37:02 > 0:37:05I think if you do the job properly, but without going overboard,
0:37:05 > 0:37:08you could actually spend at least 18, £19,000 here.
0:37:09 > 0:37:13Yikes! What did I say earlier about spiralling costs?
0:37:13 > 0:37:16Is there a way of clawing back some of the money?
0:37:16 > 0:37:21Could that little, odd room upstairs be a small family bathroom?
0:37:21 > 0:37:23And that big bathroom become a third bedroom
0:37:23 > 0:37:26and therefore increase the value of the house?
0:37:26 > 0:37:28I think if you were a bit ambitious
0:37:28 > 0:37:30and tried to get three bedrooms out of this, I have to say,
0:37:30 > 0:37:33it's not going to make a big difference to what you
0:37:33 > 0:37:35achieve for it in terms of a sale.
0:37:35 > 0:37:39If it's renovated, this would have a value of around £80,000
0:37:39 > 0:37:41when it's done.
0:37:41 > 0:37:44In terms of rental value, it would rent out at about £450,
0:37:44 > 0:37:48£475 a calendar month.
0:37:48 > 0:37:51Well, there's a few bits and pieces you'd want to do to sort this
0:37:51 > 0:37:58place out, but don't forget that guide price of just £40,000 plus.
0:37:58 > 0:38:00It's a lot of house for the money.
0:38:00 > 0:38:03Let's see who bought it when it went under the hammer.
0:38:05 > 0:38:0940,000 to start on the guide price. 40,000.
0:38:09 > 0:38:1540, thank you, £40,000, I have. At £40,000. 41 somewhere else?
0:38:15 > 0:38:2041 is bid. At 41, 42, 42 on the phone.
0:38:20 > 0:38:2843, 43. 44. 45, 46?
0:38:28 > 0:38:32Thank you, 46. 47, 47,000.
0:38:32 > 0:38:35That tempting guide price attracted plenty of bidding
0:38:35 > 0:38:39and we rejoin at 57,000.
0:38:39 > 0:38:43At £57,000, it's going, for the first time.
0:38:43 > 0:38:4757,500. 58, 58,000.
0:38:47 > 0:38:54Five again? £58,000, once, twice,
0:38:54 > 0:38:58third time 58,500, 59. At 59. Five again.
0:39:00 > 0:39:05£59,000. Once, twice, third chance, sold at 59. Thank you.
0:39:07 > 0:39:10And that very relieved looking buyer was Paula, who got
0:39:10 > 0:39:11the house for 59,000.
0:39:15 > 0:39:19She was working in her job at a local supermarket on the day
0:39:19 > 0:39:23we came to visit, so it was husband Tom who met me at the property.
0:39:23 > 0:39:26He works at a car manufacturers in Crewe.
0:39:26 > 0:39:28The couple have two young children
0:39:28 > 0:39:32and this is the family's first venture into property investment.
0:39:32 > 0:39:37- Tom, great to meet you.- And you, thank you.- Congratulations.- Yes.
0:39:37 > 0:39:39Tell me why you wanted to buy this place.
0:39:39 > 0:39:41Erm, it's mainly a long-term investment thing
0:39:41 > 0:39:43and the whole family is involved.
0:39:43 > 0:39:48My mum and my brother, we've bought it on savings
0:39:48 > 0:39:51and we're looking, as a long-term investment, to rent, really,
0:39:51 > 0:39:55and in the future, it's a little bit of something for the grandkids.
0:39:55 > 0:39:59- Great. Obviously got a few issues, mostly damp.- Yeah.
0:39:59 > 0:40:03What have you found in your investigations since you bought it?
0:40:03 > 0:40:06The front wall, particularly, is extremely damp
0:40:06 > 0:40:09and we think that was... a main contributor to that was
0:40:09 > 0:40:15the front garden was actually three bricks above actual floor level on
0:40:15 > 0:40:20the inside, so obviously all the damp was coming straight into the walls.
0:40:20 > 0:40:24The internal walls have got no damp course and
0:40:24 > 0:40:27probably by the age of the building, they are potentially straight
0:40:27 > 0:40:32down into soil, so the internal walls are sucking up a lot of moisture.
0:40:32 > 0:40:35Definitely damp course probably on every wall.
0:40:35 > 0:40:38Once that's done, it'll need rewiring.
0:40:38 > 0:40:41We're looking at completely redoing the plumbing,
0:40:41 > 0:40:47obviously new boiler, change the storage units to central heating.
0:40:47 > 0:40:49Definitely replacing the windows.
0:40:49 > 0:40:52We're completely undecided yet on whether we're going to move
0:40:52 > 0:40:55- the bathroom from upstairs to downstairs...- Oh, wow!
0:40:55 > 0:40:58..to give us a three-bedroom property,
0:40:58 > 0:40:59but with us looking at renting
0:40:59 > 0:41:03and more that side of things and turning it round quick
0:41:03 > 0:41:07and selling it again, we're still in discussion on whether we
0:41:07 > 0:41:11actually do that or whether we rent it in the current state that it's in.
0:41:11 > 0:41:15Most people look to moving the bathroom from downstairs, upstairs.
0:41:15 > 0:41:17You're doing the opposite. Where would you put it?
0:41:17 > 0:41:18We've got options.
0:41:18 > 0:41:21There's a little room under the stairs which is a size...
0:41:21 > 0:41:24For under the stairs, it's very sizeable.
0:41:24 > 0:41:27We've also got the back of the kitchen leading onto the existing
0:41:27 > 0:41:28outside toilet.
0:41:28 > 0:41:34- You haven't mentioned the fireplace in the front living room.- No.
0:41:34 > 0:41:38- Not yet.- What are you going to do with that?- Potentially, keep it.
0:41:38 > 0:41:40- Good.- Potentially keep it. It's a nice feature.
0:41:40 > 0:41:43- You're just saying that to placate me, aren't you?- No.
0:41:43 > 0:41:46I bet I come back and it's gone.
0:41:46 > 0:41:48At your peril, Tom.
0:41:49 > 0:41:51Anyway, whether he keeps it or not,
0:41:51 > 0:41:55he sounds as if he knows what he's doing and doesn't seem fazed
0:41:55 > 0:41:59by the amount of work it's going to take to get this place shipshape.
0:41:59 > 0:42:03But his timescale of three months does sound rather tight to me,
0:42:03 > 0:42:05especially as he has a full-time job,
0:42:05 > 0:42:09and will his budget of just £10,000 be enough?
0:42:09 > 0:42:13Well, somehow, I think he'll be able to overpower any challenges
0:42:13 > 0:42:17that come his way, because Tom has a rather unusual pastime.
0:42:17 > 0:42:21One of my main hobbies is professional wrestling.
0:42:21 > 0:42:24- Wow, watching it or doing it? - Doing it.- Doing it?- Yes.
0:42:24 > 0:42:28- What weight are you, then? - I'm little but I'm nicely formed.
0:42:30 > 0:42:32If you say so yourself.
0:42:33 > 0:42:36It's more the American-style wrestling where, you know,
0:42:36 > 0:42:40a play about. A few of the lads from the gym I go to regularly,
0:42:40 > 0:42:43we're all fans and we thought, why don't we have a go one day?
0:42:43 > 0:42:46- Are you a goodie or a baddie? - A baddie.- You're a baddie?
0:42:46 > 0:42:47What's your name?
0:42:49 > 0:42:54- T Virus.- T Virus?- Yeah. - What do you do that is really nasty?
0:42:54 > 0:42:59- I cheat relentlessly and unashamedly. - What fun. A bit of escapism.
0:42:59 > 0:43:00Yeah, definitely, yes.
0:43:00 > 0:43:03It's just fun, is just a fun hobby and it keeps you fit
0:43:03 > 0:43:05while you're doing it.
0:43:05 > 0:43:08Well, listen, congratulations, good to meet you, Tom. Good luck with it.
0:43:08 > 0:43:09Thank you.
0:43:11 > 0:43:16Well, wrestler Tom clearly thinks this place is a bit of a knockout.
0:43:16 > 0:43:19How is he going to get on wrestling with it to sort it out?
0:43:19 > 0:43:21Will he end up on the ropes?
0:43:21 > 0:43:23You can find out how he gets on with this particular bout
0:43:23 > 0:43:25later in the show.
0:43:29 > 0:43:30Well, the big question is,
0:43:30 > 0:43:33have our buyers made money on their investments?
0:43:33 > 0:43:38Well, time has passed, so let's go back and take a look.
0:43:38 > 0:43:42It was in Burslem in Stoke-on-Trent where we first saw a pretty
0:43:42 > 0:43:47large and colourful four-bed end-of-terrace house.
0:43:47 > 0:43:51If pink and green were your colours, then this was the house for you,
0:43:51 > 0:43:55but underneath all that bright paintwork lurked a house
0:43:55 > 0:44:00in need of a full upgrade with signs of damp and general neglect.
0:44:00 > 0:44:04And it was bought for £53,000 by financial services expert Riz,
0:44:04 > 0:44:07as his second property project.
0:44:07 > 0:44:10So, was he tickled pink to get it?
0:44:10 > 0:44:12Tell me why you wanted to buy the house.
0:44:12 > 0:44:15To be completely honest, when I turned up at the auction which
0:44:15 > 0:44:18was actually my first time, I'd not been to an auction before,
0:44:18 > 0:44:22it was the first lot and I kind of put my hand up and went from there.
0:44:22 > 0:44:24- Really?- Yeah.- You didn't anticipate buying it then?
0:44:24 > 0:44:29No, I had a look at it briefly for about five minutes, you know,
0:44:29 > 0:44:33- a week before... - You bought it, sir, well done.
0:44:36 > 0:44:38Yes, that's the thing with auctions.
0:44:38 > 0:44:43Stick your hand up, no-one else bids and the property could be yours.
0:44:43 > 0:44:45But it's one thing buying a house,
0:44:45 > 0:44:47it's another getting it up to scratch,
0:44:47 > 0:44:50so with plans to rent it out and an £8,000 budget
0:44:50 > 0:44:52and a two and a half month timescale,
0:44:52 > 0:44:56Riz needed to make his slightly surprising purchase work for him.
0:44:58 > 0:45:01And now four and a half months later, we're back with Riz to
0:45:01 > 0:45:05check on progress. Is it still good to be green or pretty in pink?
0:45:07 > 0:45:08Well, no more.
0:45:08 > 0:45:14It's more cool and contemporary with neutral tones in the living area,
0:45:14 > 0:45:17though the changes in the kitchen are more black and white
0:45:17 > 0:45:20and where once was a utility area, there is now
0:45:20 > 0:45:24a downstairs shower room, or it will be when it's finished.
0:45:24 > 0:45:26So, what is the state of play?
0:45:28 > 0:45:31There is still a lot of things that need to be doing,
0:45:31 > 0:45:35especially around tidying up in the back yard, repainting,
0:45:35 > 0:45:41decorating, but, yes, it feels good overall to come so far in,
0:45:41 > 0:45:44well, not such a short time but, you know, we're nearly there.
0:45:46 > 0:45:48Well, kind of nearly there.
0:45:48 > 0:45:51Riz hopes it can all be finished off in about a month.
0:45:52 > 0:45:54And then this four bedroomed house can finally be
0:45:54 > 0:45:56ready for the rental market.
0:45:57 > 0:46:00But what was the biggest hold-up with the project?
0:46:04 > 0:46:07One of the main reasons for the delay in that was the weather,
0:46:07 > 0:46:09especially the rain that we had.
0:46:10 > 0:46:14The upstairs bathroom roof was actually leaking
0:46:14 > 0:46:19so that had to be re-felted and re-tiled. That's now repaired.
0:46:19 > 0:46:21The time it took for the plaster to dry,
0:46:21 > 0:46:24it took three to four weeks for it to dry.
0:46:24 > 0:46:27Some of it collapsed from the ceilings and that had to be
0:46:27 > 0:46:31redone and that was another three weeks of time on top of that.
0:46:31 > 0:46:35Getting your house damp free can be really time consuming.
0:46:35 > 0:46:39Sometimes it's necessary to bring in dehumidifiers to really
0:46:39 > 0:46:42get the walls bone dry and ready for painting
0:46:42 > 0:46:43and often, all you can do is wait.
0:46:45 > 0:46:47# I will wait
0:46:47 > 0:46:49# I will wait for you... #
0:46:49 > 0:46:51And while Riz was tackling the damp,
0:46:51 > 0:46:55he also decided to do some layout changes.
0:46:55 > 0:46:58The logic behind having a bathroom downstairs,
0:46:58 > 0:47:03I mean, this was previously just used as a utility room.
0:47:03 > 0:47:04The logic was twofold.
0:47:05 > 0:47:11Firstly, upstairs room, we've used that as a bedroom with an en-suite,
0:47:11 > 0:47:13so we have a bathroom downstairs, as well,
0:47:13 > 0:47:16that can be used as a family bathroom.
0:47:16 > 0:47:19Secondly, there was originally planning permission for this
0:47:19 > 0:47:23property to have it as two separate flats, so that still leaves
0:47:23 > 0:47:26open the potential of doing that in the future.
0:47:26 > 0:47:28This was definitely a sensible move,
0:47:28 > 0:47:30not only making that fourth bedroom better
0:47:30 > 0:47:34but giving himself the option to turn it into a flat at a later date.
0:47:34 > 0:47:38But delays and an extra bathroom surely added to his costs.
0:47:38 > 0:47:42The original budget was going to be around £8,000.
0:47:42 > 0:47:46So far, we're at around 7,500, so, well within budget despite
0:47:46 > 0:47:48the problems that we've been having.
0:47:50 > 0:47:51There is still some work to do
0:47:51 > 0:47:56but if Riz sticks to his £8,000 budget along with his £53,000
0:47:56 > 0:48:02purchase price, his total spend will be £61,000 without taxes and fees.
0:48:02 > 0:48:05So, will this end up as a good purchase?
0:48:05 > 0:48:07What do two local estate agents think?
0:48:09 > 0:48:13First impressions is that it's been re-skimmed throughout
0:48:13 > 0:48:17which obviously makes the property a lot fresher and brighter,
0:48:17 > 0:48:20however, of course, there is still further works to be completed.
0:48:20 > 0:48:23Certainly, there's aspects of the property that I think could
0:48:23 > 0:48:27have been improved, architraves, I feel an updated kitchen with
0:48:27 > 0:48:30built-in cooker, hob and extractor would have been an advantage.
0:48:30 > 0:48:33Certain aspects of updating, doors, etc,
0:48:33 > 0:48:37to the property would have been beneficial.
0:48:37 > 0:48:39Well, yes, it's definitely a work in progress,
0:48:39 > 0:48:45but can there still be profit to be made on Riz's £61,000 investment?
0:48:45 > 0:48:48I feel when the property's renovation works have been
0:48:48 > 0:48:49carried out, in today's market,
0:48:49 > 0:48:53I would expect the property to achieve in the region of £65,000.
0:48:53 > 0:48:56If the property is done to a basic standard,
0:48:56 > 0:49:00I can see the resale value being in the region of £70,000.
0:49:00 > 0:49:03Well, there could be a small profit on resale,
0:49:03 > 0:49:06so what does Riz think of those valuations?
0:49:06 > 0:49:11I bought it for 53 and invested less than 8K.
0:49:11 > 0:49:14In the current market, that's not bad.
0:49:14 > 0:49:19So, potentially, a pre-tax profit of around £4-£9000
0:49:19 > 0:49:22but more importantly, how about its rental potential.
0:49:22 > 0:49:24In today's market,
0:49:24 > 0:49:29I would expect the rental to be set around £425 per calendar month.
0:49:29 > 0:49:32The rental figure would be in the region of £450 per calendar month.
0:49:32 > 0:49:35OK, that's pretty much in line with what I expected, in fact,
0:49:35 > 0:49:37it's slightly higher than what I expected.
0:49:37 > 0:49:41Even the lower £425 per calendar month would generate
0:49:41 > 0:49:45an annual rental yield above 8%, so, as a rental vehicle,
0:49:45 > 0:49:48this has worked out pretty well.
0:49:48 > 0:49:52So, would Riz buy a property at auction again?
0:49:52 > 0:49:55Yes, I would, I would definitely do it again
0:49:55 > 0:49:57but hopefully in less time next time.
0:50:00 > 0:50:03Yes, and we've got no time to waste either,
0:50:03 > 0:50:06as we're heading back to the market town of
0:50:06 > 0:50:09Swadlincote in Derbyshire...
0:50:09 > 0:50:13where earlier, mum-of-two Paula looked delighted to get this
0:50:13 > 0:50:16two-bed mid terrace for £59,000.
0:50:18 > 0:50:21It was her husband Tom I spoke to on the day,
0:50:21 > 0:50:25and he explained why he and Paula had bought the house.
0:50:26 > 0:50:30It's mainly a long-term investment - the whole family's involved,
0:50:30 > 0:50:35my mum and my brother, we've bought it on savings
0:50:35 > 0:50:38and we're looking at it as a long-term investment to rent,
0:50:38 > 0:50:42and then, in the future it's a little something for the grandkids.
0:50:42 > 0:50:43Great.
0:50:43 > 0:50:45Tom, who enjoys wrestling in his spare time,
0:50:45 > 0:50:48had a lot to grapple with within this property.
0:50:48 > 0:50:50It was going to be a challenge for the family,
0:50:50 > 0:50:54with a £10,000 budget and timescale of 12 weeks.
0:50:54 > 0:50:56There was also a possibility of trying to make this
0:50:56 > 0:50:58a three-bed house by moving the bathroom,
0:50:58 > 0:51:02so what would we find when returned four months later?
0:51:28 > 0:51:31This might be a first for Homes Under The Hammer -
0:51:31 > 0:51:34the kitchen is actually smaller than when we last saw it,
0:51:34 > 0:51:37but there is a good reason for that.
0:51:37 > 0:51:38When we bought the property,
0:51:38 > 0:51:42the kitchen had been extended into the outhouse.
0:51:42 > 0:51:47What that was doing was bringing a lot of damp from the outhouse
0:51:47 > 0:51:49into the house itself.
0:51:49 > 0:51:52So, on balance, and weighing up our options,
0:51:52 > 0:51:56we decided to put the kitchen back to how it was when the house was built.
0:51:56 > 0:52:01So we've shortened the kitchen slightly, put a new studded wall in,
0:52:01 > 0:52:05insulated, plastered and made it good.
0:52:05 > 0:52:09A small but dry kitchen seems like a good compromise.
0:52:09 > 0:52:11What about upstairs?
0:52:35 > 0:52:39Clean, bright and modern - they've done a great job here.
0:52:39 > 0:52:41Even more impressive because, as I suspected,
0:52:41 > 0:52:46the property had no damp course in place, meaning the job in hand
0:52:46 > 0:52:50would prove to be a big one, especially downstairs.
0:52:50 > 0:52:54Starting in here in the front room, we took all the floors up -
0:52:54 > 0:52:58this was a wooden floor that had gone rotten due to damp.
0:52:58 > 0:53:01We dug also the floor up in the dining room,
0:53:01 > 0:53:04which was just quarry tiles on top of soil.
0:53:04 > 0:53:07We then had to remove all the plaster, up to a metre high,
0:53:07 > 0:53:11in some cases higher, where it was basically falling off the walls.
0:53:11 > 0:53:17Then every internal wall was drilled and chemically damp proofed.
0:53:17 > 0:53:23We then had to level the floors out, insulation, damp course -
0:53:23 > 0:53:26that was from front to back all the way through.
0:53:26 > 0:53:31And then insulated, poured the new concrete down and levelled out.
0:53:33 > 0:53:34Phew! Well, on top of all that,
0:53:34 > 0:53:36there's been a total rewire,
0:53:36 > 0:53:42double glazing throughout, plus gas central heating and a new boiler.
0:53:42 > 0:53:45Plans to move the bathroom downstairs
0:53:45 > 0:53:48and turn the space into a third bedroom were shelved.
0:53:50 > 0:53:54The second-hand kitchen units look a bit dated to me,
0:53:54 > 0:53:56and could be a bit of a false economy.
0:53:56 > 0:53:59But... uh-oh, I'm gutted to see
0:53:59 > 0:54:04that the Art Deco fireplace has gone.
0:54:04 > 0:54:08The Fireplace Preservation Society will not be pleased!
0:54:08 > 0:54:11That aside, the family have worked hard and created a nice,
0:54:11 > 0:54:13dry home for someone.
0:54:13 > 0:54:16How does it feel for it to be finished?
0:54:16 > 0:54:18It feels really good to be finished.
0:54:18 > 0:54:22Everybody involved's had enough, to say the least,
0:54:22 > 0:54:26and we'll be glad to get the tenants moved in.
0:54:26 > 0:54:29Myself and my brother have done a great deal of the manual
0:54:29 > 0:54:30labour on the house.
0:54:30 > 0:54:32My mum, my wife, sister-in-law,
0:54:32 > 0:54:37have also done a great deal of decorating, doing a lot
0:54:37 > 0:54:41of the tidying up, has been a lot of extended family members as well,
0:54:41 > 0:54:42so we've all mucked in.
0:54:42 > 0:54:46The only tradesmen we've had in have been the plumber, electrician
0:54:46 > 0:54:49and the plasterers.
0:54:49 > 0:54:50There's been big changes here,
0:54:50 > 0:54:53but what happened to those bathroom plans?
0:54:55 > 0:55:00Originally we did consider moving the bathroom into the big cupboard
0:55:00 > 0:55:06upstairs or under the stairs, but when we looked at these options,
0:55:06 > 0:55:12it wasn't financially viable to move it, so we've left it where it is.
0:55:12 > 0:55:16It's adequate, it's a nice-sized bathroom, so we've left it upstairs.
0:55:16 > 0:55:20It's so important to be mindful of your budget,
0:55:20 > 0:55:24and by adapting their plans, Tom and family have done just that.
0:55:25 > 0:55:29So, how is their budget looking?
0:55:29 > 0:55:31The budget was originally 10,000,
0:55:31 > 0:55:34with a very small contingency,
0:55:34 > 0:55:38and we've spent approximately 11,000,
0:55:38 > 0:55:41so in terms of budget, I think we've done quite well.
0:55:41 > 0:55:42I have to agree.
0:55:42 > 0:55:44Give all the damp course work,
0:55:44 > 0:55:45along with the refurbishment,
0:55:45 > 0:55:49the family have kept control of their spend,
0:55:49 > 0:55:50and their 12-week timescale.
0:55:50 > 0:55:54Not only that, they've managed to get themselves a tenant as well.
0:55:56 > 0:55:58What will two estate agents make
0:55:58 > 0:56:02of this first renovation by this family?
0:56:02 > 0:56:05My first impression is that they've made a really nice job of it.
0:56:05 > 0:56:08It's clean, tidy, gas central heated, double glazed -
0:56:08 > 0:56:09a very good job.
0:56:09 > 0:56:12It would be a sought-after property.
0:56:12 > 0:56:16Clean lines, fresh - an old character home,
0:56:16 > 0:56:19but new inside. Really nice.
0:56:19 > 0:56:23With £11,000 on top of the purchase price of 59,000,
0:56:23 > 0:56:26that makes a total investment of £70,000.
0:56:26 > 0:56:29So, what could it sell on for in the open market?
0:56:31 > 0:56:33If I was putting this property on the market,
0:56:33 > 0:56:36I'd put it on at about £85,000.
0:56:36 > 0:56:43This home would sell for, certainly, £85,000 to £90,000.
0:56:43 > 0:56:47I have to say, that could change in six or 12 months' time,
0:56:47 > 0:56:50and my personal view is, that could be higher.
0:56:52 > 0:56:56An £85,000 sale would mean a pre-tax profit of 15,000.
0:56:56 > 0:56:58What does Tom make of that?
0:56:58 > 0:57:01It's a little bit higher than we expected, so, yeah, very good.
0:57:01 > 0:57:02Very happy with that.
0:57:02 > 0:57:06But for the family, this is all about rental income.
0:57:06 > 0:57:07I would put this property
0:57:07 > 0:57:10on the rental market for £450 per calendar month.
0:57:10 > 0:57:13This home would certainly have
0:57:13 > 0:57:16a rental value of £500 per calendar month.
0:57:17 > 0:57:20That lower valuation of £450 per calendar month
0:57:20 > 0:57:24would give the family a yield of over 7%.
0:57:24 > 0:57:28How does that compare with what they've agreed with their tenant?
0:57:28 > 0:57:33We're going to get 450, so quite happy with those figures.
0:57:33 > 0:57:34Obviously, we could get a little bit more,
0:57:34 > 0:57:38but we are where we are right now - tenant's moving in.
0:57:38 > 0:57:40But would they do it all again?
0:57:41 > 0:57:43We'd potentially look at doing another property.
0:57:43 > 0:57:46Myself and my brother have done a lot of work,
0:57:46 > 0:57:49we've managed to get a lot done in a short space of time,
0:57:49 > 0:57:52but I think this was the last one for my mum.
0:57:55 > 0:57:58That's it for today. We'll be back with more property-buying stories
0:57:58 > 0:58:02for you next time - some successful, others maybe not so.
0:58:02 > 0:58:05- We look forward to seeing you then on Homes Under The Hammer.- Goodbye.
0:58:05 > 0:58:06Goodbye.