0:00:02 > 0:00:05Hello. More and more people would love to have a property portfolio,
0:00:05 > 0:00:07but that doesn't have to be as grand as it sounds.
0:00:07 > 0:00:10No, even if you can raise a small sum,
0:00:10 > 0:00:12you can usually find something to buy.
0:00:12 > 0:00:14And at least you've got your foot on the property ladder.
0:00:14 > 0:00:18But where do you start? Try a property auction.
0:00:43 > 0:00:46Because of the variety on offer at an auction,
0:00:46 > 0:00:48it's a great place to invest your money.
0:00:48 > 0:00:52And if you do your research and make sure your finances are sorted out,
0:00:52 > 0:00:55you should be on your way to making a success of it.
0:00:55 > 0:00:59So, let's see what our buyers invested in on today's programme.
0:01:00 > 0:01:03The buyer of this mid-terrace in Carlisle wasn't quite sure
0:01:03 > 0:01:06what was in store until she got the keys.
0:01:06 > 0:01:09- Which was when?- Today.- Today.
0:01:10 > 0:01:12But a much nicer surprise was awaiting me
0:01:12 > 0:01:16in this multi-storey property in Kent.
0:01:16 > 0:01:19Upstairs is where it gets rather exciting.
0:01:20 > 0:01:23And at this community centre in Dunfermline,
0:01:23 > 0:01:26there's lots of space, but...
0:01:26 > 0:01:28what you do with it...
0:01:28 > 0:01:30Now, that's the tricky bit.
0:01:32 > 0:01:34All these properties have been sold at auction.
0:01:34 > 0:01:37We'll find out who bought them and what they paid for them
0:01:37 > 0:01:39when they went under the hammer.
0:01:39 > 0:01:41Sold.
0:01:44 > 0:01:47Carlisle has its roots far back in history,
0:01:47 > 0:01:51as is evident by the castle and its defensive walls.
0:01:52 > 0:01:55But it's also a modern, vibrant place
0:01:55 > 0:01:59with excellent public transport and a variety of shops and markets,
0:01:59 > 0:02:03earning the city the title of Shopping Capital of Cumbria.
0:02:03 > 0:02:08So, 15 minutes' walk from the train station and the town centre
0:02:08 > 0:02:10is the property I'm here to see.
0:02:10 > 0:02:16Two-bedroomed, mid-terrace, a guide price of £20,000.
0:02:16 > 0:02:17Not a lot.
0:02:17 > 0:02:21However, initial signs aren't good.
0:02:21 > 0:02:27Boarded-up windows, what are we going to find inside?
0:02:27 > 0:02:31Well, it's going to be dark, that's for sure. But what have we got?
0:02:31 > 0:02:36Oh, actually, surprisingly, nice, high ceilings. Yeah, we like that.
0:02:36 > 0:02:38Fairly standard layout.
0:02:38 > 0:02:41Sort of corridor here, front living room there.
0:02:41 > 0:02:43Yeah, looks all right.
0:02:43 > 0:02:44Could do with a coat of paint.
0:02:44 > 0:02:46Stairs up to your bedrooms
0:02:46 > 0:02:49and through into the, sort of, rear living area.
0:02:49 > 0:02:51I'd love to see a big, open fire there,
0:02:51 > 0:02:53it's obviously got a gas one at the moment.
0:02:53 > 0:02:57It's all a bit, well, dingy, but again, that could be to do with
0:02:57 > 0:03:01those shutter-wood things on the windows.
0:03:01 > 0:03:06But, oh, dear. That's the kitchen.
0:03:06 > 0:03:09And by the look of it, the loo, as well.
0:03:14 > 0:03:16# What a state I'm in... #
0:03:19 > 0:03:23It is, indeed, in an awful state.
0:03:23 > 0:03:26The kitchen and bathroom have been extensively damaged
0:03:26 > 0:03:29and, of course, it's not just fire that damages.
0:03:29 > 0:03:32So does the water used to put it out.
0:03:32 > 0:03:35So, a particularly close inspection of this property
0:03:35 > 0:03:37is going to be paramount.
0:03:37 > 0:03:40# Oh, oh-oh-oh
0:03:40 > 0:03:41# What a state I'm in... #
0:03:44 > 0:03:49So, up here, two really good-sized double bedrooms. No loo, obviously.
0:03:49 > 0:03:53Maybe enough space to put a loo here? I don't know.
0:03:53 > 0:03:55You could play around with the layout a little bit.
0:03:55 > 0:03:59And look, this bedroom even comes with a house plant.
0:03:59 > 0:04:01This should really be on the outside.
0:04:01 > 0:04:05It just gives an indication of the, kind of, state of disrepair
0:04:05 > 0:04:07this place has got into.
0:04:07 > 0:04:08But from up here,
0:04:08 > 0:04:14a really useful chance to check out exactly how much damage that fire in
0:04:14 > 0:04:16the kitchen has caused and you can see, looking over that roof,
0:04:16 > 0:04:20it looks to me like it's going to be a new roof job.
0:04:20 > 0:04:22You really do need to know what you're doing
0:04:22 > 0:04:25when it comes to fire-damaged properties and the first question
0:04:25 > 0:04:29is whether the building is still structurally sound.
0:04:29 > 0:04:31Once you've passed that hurdle,
0:04:31 > 0:04:34then there's still a lot of work you need to do, just to clear
0:04:34 > 0:04:35the property out safely
0:04:35 > 0:04:39and, only then, can you start cleaning up the remaining surfaces.
0:04:39 > 0:04:42Whoever is doing the work needs to remember,
0:04:42 > 0:04:45you're not just dealing with the fire and water,
0:04:45 > 0:04:49but also, the potential chemicals produced from all sorts of materials
0:04:49 > 0:04:51burning at high temperatures.
0:04:51 > 0:04:55So, what will a local property expert think of this scarred,
0:04:55 > 0:05:00but nicely-proportioned property, guided at £20,000?
0:05:00 > 0:05:04My first impressions of the property are good. It's a spacious property -
0:05:04 > 0:05:08two reception rooms, two big double bedrooms, it's in a good location.
0:05:08 > 0:05:10So, all positive.
0:05:10 > 0:05:13- But what about the damage? - There has been fire damage.
0:05:13 > 0:05:15There's a lot of work to be done in this house.
0:05:15 > 0:05:17The integrity of the building is yet to be seen.
0:05:17 > 0:05:19Once they start pulling things apart
0:05:19 > 0:05:22then they'll find out exactly what they need to do.
0:05:22 > 0:05:24There are always surprises when you're renovating a property.
0:05:24 > 0:05:27You know, the tree growing through into the bedroom and things.
0:05:27 > 0:05:30So how much will all this work cost?
0:05:30 > 0:05:33I would imagine somewhere in the region of £25,000 to £30,000
0:05:33 > 0:05:35would be a sensible kind of budget.
0:05:35 > 0:05:39You know, taking into consideration it needs double glazing, it needs
0:05:39 > 0:05:42central heating putting in and then bathrooms, kitchens, etc, etc.
0:05:42 > 0:05:45So, you know, it does need an amount of work.
0:05:45 > 0:05:47I think, with a property like this, when it comes up to auction,
0:05:47 > 0:05:50when we're doing the viewings and things like that,
0:05:50 > 0:05:53because we get such a whole variety of people looking,
0:05:53 > 0:05:57your weekend DIY-er, your builders, all those sorts of people,
0:05:57 > 0:06:00if it's the guy looking for something to do over the winter
0:06:00 > 0:06:04or whatever, then probably something like that will probably put him off.
0:06:04 > 0:06:07As always, if you know what you're doing, then it's all very simple,
0:06:07 > 0:06:11but if you don't, this property could be a whole heap of pain.
0:06:12 > 0:06:16But would the final return on the property be worth it?
0:06:16 > 0:06:19Once it's been refurbished to a good standard,
0:06:19 > 0:06:25I would be probably looking to market it at £89,995.
0:06:25 > 0:06:26If this property came up for rental,
0:06:26 > 0:06:30I would expect it to achieve between £400 and £450 per calendar month.
0:06:32 > 0:06:35Well, a wee bit of patching up to be done on this one,
0:06:35 > 0:06:38especially in that kitchen and bathroom.
0:06:38 > 0:06:40But it's a good-sized house and just remember that guide price,
0:06:40 > 0:06:4420,000 quid. I think it's a great one to go for.
0:06:44 > 0:06:47Let's see who agreed when it went under the hammer.
0:06:50 > 0:06:53OK, 20,000 is the guide. 20, then?
0:06:53 > 0:06:5620 here. At 20, I'm bid. In once.
0:06:56 > 0:06:5921, 22, 3, 4,
0:06:59 > 0:07:015, 6, 7.
0:07:01 > 0:07:04Shake of the head. With you, it's £26,000.
0:07:04 > 0:07:08This fire-damaged sale is off to a very brisk start.
0:07:08 > 0:07:13Bids rapidly climb to £46,000 as we rejoin the action.
0:07:13 > 0:07:1646, 46, I'm bid, 7.
0:07:18 > 0:07:22With you then... Oh, you're back in at 47. 48?
0:07:22 > 0:07:2348, I'm bid. 49?
0:07:25 > 0:07:28You're out, you're in. £48,000, with you, sir.
0:07:28 > 0:07:31Against you, against a load of other people.
0:07:31 > 0:07:34At £48,000, first time.
0:07:34 > 0:07:37At £48,000, second time. Are we done?
0:07:37 > 0:07:40- Selling away, then, at £48,000... - HAMMER SLAMS
0:07:40 > 0:07:42Well done, sir.
0:07:42 > 0:07:45Stephen made that final bid of 48,000.
0:07:47 > 0:07:51He bought the house in partnership with his sister, Tina,
0:07:51 > 0:07:55who came along to meet us with Stephen's daughter, Courtney.
0:07:56 > 0:07:59- Courtney, Tina, great to meet you both.- Nice to meet you.
0:07:59 > 0:08:04Congratulations. Tell me why you wanted to buy this place, then.
0:08:04 > 0:08:05Well, we went to the auction
0:08:05 > 0:08:08because it was at such a good price in the auction book.
0:08:08 > 0:08:11It's in a good area, it's close to, in fact,
0:08:11 > 0:08:13it's very good walking distance into town.
0:08:13 > 0:08:16And it is quite a good size,
0:08:16 > 0:08:19with having two downstairs rooms plus your kitchen and bathroom.
0:08:19 > 0:08:23Tell me a bit more about what you do when you're not doing this.
0:08:23 > 0:08:27I run a letting agency and my brother runs the estate side of it.
0:08:27 > 0:08:31I manage my landlords' properties.
0:08:31 > 0:08:34And when Tina's not managing other people's properties,
0:08:34 > 0:08:37the family are doing up their own.
0:08:37 > 0:08:40Brother Stephen has a building company and this will be
0:08:40 > 0:08:43their second property that they've renovated together.
0:08:43 > 0:08:46Tina has renovated and sold on three properties already
0:08:46 > 0:08:48and she rents out two more.
0:08:48 > 0:08:51She sees the work as part of her DNA.
0:08:51 > 0:08:55It's a family thing. My dad was a builder. It's just what we do.
0:08:55 > 0:08:59- We just build them or renovate them and then we sell them on.- Right.
0:08:59 > 0:09:01But the whole family is very much involved in this whole
0:09:01 > 0:09:04- world of property. - We are, yes.- All of us.
0:09:04 > 0:09:06So, tell me a bit about you and Courtney,
0:09:06 > 0:09:11- what's going on here, then?- Well, Courtney left school in September
0:09:11 > 0:09:16and, with this being our second one, she asked if she could learn
0:09:16 > 0:09:19- and pick up what we know.- Oh, great.
0:09:19 > 0:09:21So you're learning to become a property developer?
0:09:21 > 0:09:23Yeah, I want to be trained up to be one.
0:09:23 > 0:09:26Well, maybe we'll be seeing more of Courtney on Hammer in the future.
0:09:26 > 0:09:28Here's hoping.
0:09:28 > 0:09:31In the meantime, the question of the roofless rooms.
0:09:31 > 0:09:34- Now, the kitchen, obviously some fire damage there.- Yes.
0:09:34 > 0:09:36Were you aware of that?
0:09:36 > 0:09:39We knew there had been fire damage done,
0:09:39 > 0:09:44we didn't know the extent of it until we got the keys and we came in.
0:09:44 > 0:09:46- Which was when?- Today.- Today.
0:09:47 > 0:09:51- So, are you in a state of shock or are you quite happy?- Um, yes.
0:09:51 > 0:09:55I didn't realise that the roof at the bottom end was actually down,
0:09:55 > 0:09:56but that's fine.
0:09:56 > 0:09:59We had a little bit of contingency money, anyway,
0:09:59 > 0:10:04- so that will go towards that.- Right. So, not too much of an issue, then?
0:10:04 > 0:10:07- No.- And obviously fire damage can be superficial,
0:10:07 > 0:10:12but it can have caused structural problems. Any thoughts on that?
0:10:12 > 0:10:15My brother will look at that.
0:10:15 > 0:10:19But looking at it, it does only look like it's the roof. Yeah.
0:10:19 > 0:10:21- Only the roof, then?- Yes.
0:10:22 > 0:10:26Well, I guess people with building connections can say
0:10:26 > 0:10:29"Just the roof", but experience always pays off.
0:10:29 > 0:10:31Tina's planning a full renovation.
0:10:31 > 0:10:35I wonder if that includes moving the downstairs bathroom.
0:10:35 > 0:10:36You couldn't really do that,
0:10:36 > 0:10:39because people still like two good-sized double bedrooms
0:10:39 > 0:10:44in a property, so we're looking to put an en-suite over the hallway.
0:10:44 > 0:10:47Right. So what's the budget?
0:10:47 > 0:10:51- Our budget is about 20,000.- OK.
0:10:51 > 0:10:54So it's fairly, sort of, reasonable, actually.
0:10:54 > 0:10:58Yes, we have realised that we're going to have to put a new roof on
0:10:58 > 0:11:00in the kitchen and the bathroom, as well,
0:11:00 > 0:11:02so that has taken it up a little bit, to the 20,000.
0:11:02 > 0:11:05Right. And what's the, sort of, time scale?
0:11:05 > 0:11:09- We work on round about 12 weeks.- Right.
0:11:09 > 0:11:13- And we usually come in on time, as well.- And are your hands-on?
0:11:13 > 0:11:16Um, no, I tend not to be, because I've got a business that I run,
0:11:16 > 0:11:19so it'll be down to Stephen
0:11:19 > 0:11:22- and I've got a younger brother, who looks after things, as well.- Great.
0:11:22 > 0:11:24So, on a day-to-day basis, Courtney,
0:11:24 > 0:11:26how much time are you going to spend here?
0:11:26 > 0:11:28For the next couple of weeks, like, most of the day, like
0:11:28 > 0:11:32full working day here and then from there, I'll be going round,
0:11:32 > 0:11:35like, doing more of the design stuff, like looking at kitchens
0:11:35 > 0:11:37and bathrooms to go into the house.
0:11:37 > 0:11:40Yeah, so I'll be pretty hands-on with my family, as well.
0:11:40 > 0:11:41So what's the idea, then?
0:11:41 > 0:11:44Is it to do it up and rent it out or to sell it on?
0:11:44 > 0:11:46No, we'll just sell it on.
0:11:46 > 0:11:51- And why not rent?- We just like to turn them over, really.
0:11:51 > 0:11:54- And are you looking forward to having Courtney involved?- Oh, yes.
0:11:54 > 0:11:59Yes, we're very family-orientated anyway. So yes, no problems, at all.
0:11:59 > 0:12:01Good, it sounds like you've got a good mentor.
0:12:01 > 0:12:03- Congratulations. Good luck with it.- Thank you.
0:12:03 > 0:12:06- I'm going to look forward to seeing how you get on.- Nice to meet you.
0:12:06 > 0:12:07Thank you.
0:12:08 > 0:12:13So, Courtney learning the tricks of the property developing business
0:12:13 > 0:12:17at the age of 18, from Tina and the rest of the family.
0:12:17 > 0:12:20Quite a challenging project to start with, especially that kitchen.
0:12:20 > 0:12:24How will everyone get on? You can find out later in the show.
0:12:27 > 0:12:31Ashford in Kent is home to the fantastic high-speed rail line,
0:12:31 > 0:12:34which will take you into London in only 38 minutes,
0:12:34 > 0:12:38as well as providing connections abroad, to both Lille and Paris.
0:12:38 > 0:12:41And not only does Ashford have a fast train line,
0:12:41 > 0:12:46it's also one of the most rapidly-expanding areas in England,
0:12:46 > 0:12:50now home to a wide range of high street and independent shops,
0:12:50 > 0:12:52restaurants and cafes.
0:12:52 > 0:12:55Well, my interest has certainly increased in size together
0:12:55 > 0:12:59with this town, so time to pick up my pace and explore further.
0:12:59 > 0:13:02MUSIC: "Totally Connected" by T-Connection
0:13:02 > 0:13:04# Totally connected... #
0:13:04 > 0:13:07And it's those fantastic rail links that has attracted
0:13:07 > 0:13:09so many commuters to this area...
0:13:10 > 0:13:13..and the town is a busy, bustling place to be.
0:13:13 > 0:13:17The property I'm here to see today is slap-bang in the middle
0:13:17 > 0:13:19of Ashford's town centre
0:13:19 > 0:13:23and you certainly couldn't have more amenities right on your doorstep.
0:13:23 > 0:13:27Sandwiched between a barber on one side and a cafe on the other
0:13:27 > 0:13:31is this former travel agent with an all-inclusive deal,
0:13:31 > 0:13:35which includes four floors in total.
0:13:35 > 0:13:40Plenty of property on offer for a guide price of 100,000-105,000.
0:13:40 > 0:13:43Let's fly on inside and take a tour.
0:13:43 > 0:13:45MUSIC: "Fly Away" by Lenny Kravitz
0:13:45 > 0:13:50# I want to get away, I want to fly away... #
0:13:50 > 0:13:53Well, this is a lovely space for any business.
0:13:53 > 0:13:56Nice and bright and you can tell it was a travel agent's!
0:13:56 > 0:14:00You'd have a big screen up here, showing the sunny Caribbean island
0:14:00 > 0:14:02or somewhere beautiful like that,
0:14:02 > 0:14:05lots of glossy travel brochures all along here,
0:14:05 > 0:14:07the desk, to welcome people,
0:14:07 > 0:14:11and even somewhere that you can exchange your traveller's cheques.
0:14:11 > 0:14:13Love it, fantastic.
0:14:13 > 0:14:16It's got everything you need. A little area out the back,
0:14:16 > 0:14:19this would probably be another office.
0:14:19 > 0:14:20Downstairs in the basement,
0:14:20 > 0:14:25there are three good-sized rooms that are being used for storage.
0:14:25 > 0:14:29But without windows, could they be used for anything else?
0:14:29 > 0:14:33One thing to bear in mind is that this is a conservation area,
0:14:33 > 0:14:37so major work would need to meet with a planner's approval.
0:14:37 > 0:14:43But upstairs is where it gets rather exciting. I'm going to investigate.
0:14:45 > 0:14:49At first-floor level, there's a decent-sized kitchen area.
0:14:52 > 0:14:55And then, there's this lovely, bright,
0:14:55 > 0:14:57airy room at the front of the building.
0:14:57 > 0:15:00The bay window lets light stream in.
0:15:00 > 0:15:03That's when conservation regulations come into their own.
0:15:03 > 0:15:07They preserve lovely features like these and, as you know,
0:15:07 > 0:15:09I do like my period features.
0:15:09 > 0:15:11It's not all sweetness and light, though.
0:15:11 > 0:15:14There's a pretty big hole in the ceiling.
0:15:15 > 0:15:20But don't forget, there's another floor upstairs to investigate.
0:15:21 > 0:15:25Hmm, it all feels terribly wonky, walking up here.
0:15:25 > 0:15:27I mean, just take a look at the doorframe.
0:15:27 > 0:15:29You don't need anyone to tell you there's been
0:15:29 > 0:15:31a bit of movement in this house.
0:15:31 > 0:15:34I reckon, get a surveyor in and check this place out,
0:15:34 > 0:15:38as soon as possible. Oh, now, look at this.
0:15:38 > 0:15:43The bathroom is massive! It is a total waste of space, I might add.
0:15:43 > 0:15:44You've got the loo over here,
0:15:44 > 0:15:48then you've got to walk all the way over here to the sink.
0:15:48 > 0:15:51I think you really need to think about this layout,
0:15:51 > 0:15:56because it's not working, as it is. Why not have a self-contained flat?
0:15:56 > 0:15:57You've got the square footage,
0:15:57 > 0:16:01so all you need is to have this space cleverly laid out
0:16:01 > 0:16:05because if you leave it as it is, a bathroom, well,
0:16:05 > 0:16:08you can flush your profit straight down the pan, for starters.
0:16:08 > 0:16:11MUSIC: "Wash Your Face In My Sink" by Dream Warriors
0:16:11 > 0:16:13# You wash your face in my sink? In my sink? Sink?
0:16:13 > 0:16:16# You wash your face in my sink? In my sink? Sink?
0:16:16 > 0:16:17# You wash your face in my sink... #
0:16:17 > 0:16:20You also have a lovely large and bright room to the front of
0:16:20 > 0:16:25the second floor, which I'm pleased to see still has a fireplace intact.
0:16:25 > 0:16:28I think you could create a two-bedroom flat
0:16:28 > 0:16:31and it could really work well on these two upper floors.
0:16:31 > 0:16:33You'd need to get an architect in, to work out the correct
0:16:33 > 0:16:38use of space, who could also help you plan a separate entrance.
0:16:38 > 0:16:40But I think this would be fairly straightforward,
0:16:40 > 0:16:44with a partition wall on the ground floor, to create a new
0:16:44 > 0:16:47corridor to the staircase, which you could then turn around.
0:16:47 > 0:16:51Yes, you would lose a little bit of space from the shop, but I think
0:16:51 > 0:16:55it could be worth it, to gain a flat on those two floors above.
0:16:55 > 0:16:59So, if you convert the first and second floors into a flat,
0:16:59 > 0:17:02what would you do with this, the ground floor?
0:17:02 > 0:17:06Now, I know the property currently has a business classing of A-1,
0:17:06 > 0:17:10which means it can be used as a variety of different shop types,
0:17:10 > 0:17:13such as a hairdressers. It could be a gift shop
0:17:13 > 0:17:15or, perhaps, even a sandwich bar.
0:17:15 > 0:17:18Or you could think about applying for change of use,
0:17:18 > 0:17:22for, perhaps, an estate agents or a solicitors' firm here.
0:17:22 > 0:17:25Although times are hard on the high street, I think it would
0:17:25 > 0:17:29be such a wasted opportunity not to take advantage of this
0:17:29 > 0:17:32central town location and all the passing footfall.
0:17:34 > 0:17:38It does have to be noted that parking is an issue here -
0:17:38 > 0:17:39there isn't any.
0:17:39 > 0:17:42So, that's a bit of a downer for a business or a resident,
0:17:42 > 0:17:44but will that put buyers off?
0:17:44 > 0:17:48A local property agent came along, to give us her thoughts
0:17:48 > 0:17:50on this interesting property,
0:17:50 > 0:17:53guided at £100,000 to £105,000.
0:17:55 > 0:17:59My thoughts on the property are that it's a fantastic location,
0:17:59 > 0:18:02there's a lot of scope to alter the building
0:18:02 > 0:18:05and make changes to it to improve it.
0:18:05 > 0:18:08If this was my property, I would convert it into residential
0:18:08 > 0:18:11and commercial, to maximise the profits.
0:18:11 > 0:18:16Having a flat near the town centre is quite attractive to some people.
0:18:16 > 0:18:19We're agreed, then, on the potential here.
0:18:19 > 0:18:21But this will be a numbers game.
0:18:21 > 0:18:24What if, for instance, this was just done as a straightforward
0:18:24 > 0:18:26renovation with no conversion?
0:18:26 > 0:18:30The whole property renovated would resell for approximately
0:18:30 > 0:18:33£180,000 to £190,000.
0:18:33 > 0:18:37And if the new owner did decide to make the two floors into one flat,
0:18:37 > 0:18:41how much would that be worth on the resale market on its own?
0:18:41 > 0:18:45The resale value of a two-bedroom flat in this area would be within
0:18:45 > 0:18:49the region of £125,000 to £130,000.
0:18:49 > 0:18:52The agent thinks that if the whole building was just refurbished,
0:18:52 > 0:18:56it could get you about £24,000 a year in rent.
0:18:56 > 0:18:58But if you went ahead with conversion,
0:18:58 > 0:19:01what rentals could you get, then?
0:19:01 > 0:19:04The shop on its own, once the conversions have taken place,
0:19:04 > 0:19:10would rent for approximately £18,000 to £20,000 per annum.
0:19:10 > 0:19:13A two-bedroom flat in this area would rent
0:19:13 > 0:19:17for approximately £650 to £700, per calendar month.
0:19:17 > 0:19:20Dividing this property could really pay off.
0:19:20 > 0:19:26These top valuations could bring you in an income of £28,400 per year.
0:19:26 > 0:19:29An extremely convenient location
0:19:29 > 0:19:33and there's no doubt that this property has plenty of potential.
0:19:33 > 0:19:35But it's not without its issues.
0:19:35 > 0:19:38It's in a conservation area, there's no parking
0:19:38 > 0:19:41and as a fully-commercial property,
0:19:41 > 0:19:45I really don't think the space is being fully utilised at the moment.
0:19:45 > 0:19:46Time to head to the auction
0:19:46 > 0:19:51and see who wanted to exchange their money for this.
0:19:51 > 0:19:53Lot 41, say 90,000?
0:19:53 > 0:19:5790,000, I thought you might. £90,000 I have.
0:19:57 > 0:20:0192, 92, I don't mind, sir, 94 if it helps.
0:20:01 > 0:20:0492 is on my left. Then 94 and 96
0:20:04 > 0:20:08and 98, 98, and 100. 102.
0:20:08 > 0:20:12The packed auction room means bids came in thick and fast.
0:20:12 > 0:20:15We rejoin the bidding at 111,000.
0:20:15 > 0:20:18111 at my left. 112, 112 is bed.
0:20:18 > 0:20:20113?
0:20:20 > 0:20:24113. 114? 114, 115?
0:20:24 > 0:20:27You said that three times before.
0:20:27 > 0:20:29You mean it, this time?
0:20:29 > 0:20:33At £114,000, still in the centre of the room, for the first time,
0:20:33 > 0:20:36then, at 114,000.
0:20:36 > 0:20:39For the second time at 114,000.
0:20:39 > 0:20:41You're out on my far left, last chance.
0:20:41 > 0:20:44114,000, third and final time, are you all done?
0:20:44 > 0:20:48- HAMMER SLAMS - Sold at 114,000.
0:20:48 > 0:20:51And that calm and collected buyer was Adrian,
0:20:51 > 0:20:55who bought the property for 114,000.
0:20:55 > 0:20:59Adrian used to work in financial services, but since 2007,
0:20:59 > 0:21:02he's been buying commercial and residential properties
0:21:02 > 0:21:05and working as a developer, full-time.
0:21:05 > 0:21:08- Well, congratulations. You did well. - Thank you very much.
0:21:08 > 0:21:10You got the property you wanted on auction day.
0:21:10 > 0:21:13Now, you used to be in finance. Why the swap?
0:21:13 > 0:21:15Well, when I was in the financial services world,
0:21:15 > 0:21:19I used to be involved in equipment leasing and renting,
0:21:19 > 0:21:22but that was, sort of, cars, trucks, lorries, busses,
0:21:22 > 0:21:26that type of thing, so renting and buying property is actually
0:21:26 > 0:21:30quite similar. It's just a different type of facet, really.
0:21:30 > 0:21:32Why this building? Tell me more.
0:21:32 > 0:21:35Really, I bought this because I think it's a great location.
0:21:35 > 0:21:38It's just off the high street, it's walking distance from
0:21:38 > 0:21:42the international train station and I think it's got a lot of potential.
0:21:42 > 0:21:47Adrian and I totally agree on what a good buy this property is.
0:21:47 > 0:21:50So, will he agree on how much it should be transformed?
0:21:50 > 0:21:54Well, my plan is really to see if I can subdivide it
0:21:54 > 0:21:58into two separate parts, so a self-contained shop
0:21:58 > 0:22:00and then, a two-bedroom apartment.
0:22:00 > 0:22:03So, let's talk through how you're going to work it upstairs,
0:22:03 > 0:22:05because you've got two different levels...
0:22:05 > 0:22:09Yeah, on the first floor, I'd like to create an open-plan kitchen,
0:22:09 > 0:22:13diner, living area, which will be double aspect, so it will have
0:22:13 > 0:22:16lots of natural light coming through and be a nice, sort of, living space.
0:22:16 > 0:22:18Hopefully, up on the second floor
0:22:18 > 0:22:20we can create two bedrooms and a bathroom.
0:22:20 > 0:22:22Now, how are you going to do that?
0:22:22 > 0:22:25Well, I think we'd need to look at the natural light and the windows,
0:22:25 > 0:22:27so I think we'll probably have two bedrooms at the front
0:22:27 > 0:22:31and keep the bathroom at the back, where you've got all the pipework.
0:22:31 > 0:22:35Great. Adrian and I are certainly singing from the same song sheet.
0:22:35 > 0:22:37He's got a clear plan in his head,
0:22:37 > 0:22:40as you'd expect from a seasoned developer.
0:22:40 > 0:22:44His intention is to open up the shop area and put a staff kitchen and loo
0:22:44 > 0:22:48in the basement, completing all the work in three to four months' time.
0:22:50 > 0:22:52He's well used to dealing with planners,
0:22:52 > 0:22:55so this being a conservation area shouldn't worry him.
0:22:55 > 0:22:57How lucky do you think you're going to be with that?
0:22:57 > 0:22:59Have you had a chat with the planners already?
0:22:59 > 0:23:01Yeah, we had a word with the planners.
0:23:01 > 0:23:05They'd be happy, in principle with the idea of residential,
0:23:05 > 0:23:08provided we keep the shop unit,
0:23:08 > 0:23:11because they want to make sure that there's continued employment.
0:23:11 > 0:23:13And also, we won't be able to make many changes
0:23:13 > 0:23:14to the front of the building.
0:23:14 > 0:23:19Adrian's plans for making the second floor rooms open-plan
0:23:19 > 0:23:23may mean using steel supports and this might also involve him
0:23:23 > 0:23:28in a Party Wall Agreement, which usually means time and money.
0:23:28 > 0:23:31So, what sort of budget are you looking at, to do all the work here?
0:23:31 > 0:23:33I'm thinking we're going to need to spend
0:23:33 > 0:23:36around 30,000 to 35,000, in total.
0:23:36 > 0:23:37Adrian, good luck with this project.
0:23:37 > 0:23:40It's going to be exciting to see what happens
0:23:40 > 0:23:42and I hope you get the planning permission.
0:23:42 > 0:23:43- Thank you very much.- Thank you.
0:23:44 > 0:23:47With his financial services background,
0:23:47 > 0:23:50I hope Adrian will keep a close eye on the figures during this project,
0:23:50 > 0:23:54but will he get that all-important planning permission
0:23:54 > 0:23:56for the flat on these upper floors,
0:23:56 > 0:23:59so that he can really make the most of this space?
0:23:59 > 0:24:01I hope so.
0:24:01 > 0:24:03You can join me later in the programme,
0:24:03 > 0:24:06to find out how he gets on.
0:24:06 > 0:24:08Still to come, it might not be beautiful,
0:24:08 > 0:24:11but this community centre won someone's heart.
0:24:11 > 0:24:14I had a skip in my step when I went up to hand over the cheque.
0:24:18 > 0:24:22And Adrian lets us back in, to shed some light on
0:24:22 > 0:24:25whether his upstairs/downstairs plan has paid off.
0:24:34 > 0:24:36Time to head back to Cumbria,
0:24:36 > 0:24:39where earlier, I met aunt and niece team, Tina and Courtney.
0:24:42 > 0:24:45They bought this fire-damaged mid-terrace two-bed property
0:24:45 > 0:24:48for over twice the guide price.
0:24:49 > 0:24:53Mind you, that guide price was a modest £20,000.
0:24:53 > 0:24:56Tina, and Courtney's father, Stephen,
0:24:56 > 0:25:00run a lettings agency together and are seasoned renovators.
0:25:00 > 0:25:04But for Courtney, this was something of a training exercise.
0:25:04 > 0:25:08And to be honest, they couldn't have picked a tougher one to start with.
0:25:10 > 0:25:14- Now, the kitchen, obviously, some fire damage there.- Yes.
0:25:14 > 0:25:18- Were you aware of that?- We knew there had been fire damage done.
0:25:18 > 0:25:23We didn't know the extent of it until we got the keys and we came in.
0:25:23 > 0:25:25- Which was when?- Today.- Today.
0:25:26 > 0:25:30So are you in a state of shock, or are you quite happy?
0:25:30 > 0:25:34Yes, I didn't realise the roof at the bottom end was actually down,
0:25:34 > 0:25:38but that's fine, we had a little bit of contingency money, anyway,
0:25:38 > 0:25:41so that will go towards that.
0:25:41 > 0:25:42So on a day-to-day basis, Courtney,
0:25:42 > 0:25:45how much time are you going to spend here?
0:25:45 > 0:25:48For the next couple of weeks, like, most of the day,
0:25:48 > 0:25:52like full working day here and then, from there, I'll be going round,
0:25:52 > 0:25:56like, doing more of the design stuff, like, looking at kitchens
0:25:56 > 0:25:58and bathrooms to go into the house.
0:26:00 > 0:26:04Before any designing was to take place, though, there was
0:26:04 > 0:26:06a lot of dirty work to be done.
0:26:06 > 0:26:09It wasn't just the kitchen that needed sorting, either.
0:26:09 > 0:26:12The bathroom had also been ravaged by the fire and I think this
0:26:12 > 0:26:16was definitely the first bedroom I'd seen that needed pruning.
0:26:20 > 0:26:24They reckoned it would take 12 weeks to make this place habitable.
0:26:24 > 0:26:27Well, just 11 weeks later, we're back.
0:26:35 > 0:26:38It's hard to believe it's the same kitchen.
0:26:57 > 0:27:01The change downstairs is phenomenal.
0:27:02 > 0:27:05By using contemporary design, they've transformed this
0:27:05 > 0:27:09once-neglected property into a fresh, beautiful home.
0:27:11 > 0:27:14The kitchen is unrecognisable,
0:27:14 > 0:27:17with a fantastic new skylight in the brand-new roof.
0:27:20 > 0:27:23To find the new bathroom, you'll need to pop upstairs.
0:27:29 > 0:27:33Tina and her team have squeezed a bathroom between the two bedrooms
0:27:33 > 0:27:37and created a corridor to accommodate the change.
0:27:37 > 0:27:42It's made one bedroom smaller, but I think it's a very smart move.
0:27:48 > 0:27:52The transformation of the kitchen is key to this renovation
0:27:52 > 0:27:56and, for me, it's the attention to detail and the high-quality finishes
0:27:56 > 0:27:59throughout this property that will set it apart.
0:28:02 > 0:28:05Tina and Courtney came along to tell us
0:28:05 > 0:28:08just how successful this renovation project has turned out to be.
0:28:10 > 0:28:12Well, we did put the property on the market.
0:28:12 > 0:28:14It went on the market on the Thursday,
0:28:14 > 0:28:17ready for going into the paper on the Friday,
0:28:17 > 0:28:21but by the Thursday night, we did actually have viewings going round
0:28:21 > 0:28:23and, by Saturday morning,
0:28:23 > 0:28:26those viewers were actually putting offers in.
0:28:26 > 0:28:28Wow. Rewind, though.
0:28:28 > 0:28:31Let's hear what's been done here first, starting with the kitchen.
0:28:33 > 0:28:38We stripped it out, totally. We took all the roof off, all the beams out.
0:28:38 > 0:28:42We raised it all up, so we raised the walls up to give it the height,
0:28:42 > 0:28:46then we put skylights in on the roof just to make it light and airy.
0:28:46 > 0:28:49We decided we wanted to make it more of a kitchen/diner,
0:28:49 > 0:28:54that way, giving the use of two full rooms in the main part of the house.
0:28:54 > 0:28:58So, we went upstairs, had a look at the back room,
0:28:58 > 0:29:03we measured everything out and we felt it was fine to put the bathroom
0:29:03 > 0:29:08upstairs and then still have a good sized room as the second bedroom.
0:29:08 > 0:29:12Whilst Tina is very experienced, her niece, Courtney,
0:29:12 > 0:29:14had one or two things to learn.
0:29:14 > 0:29:17Well, she has learned a lot as she's gone along.
0:29:17 > 0:29:20The first job was for stripping all the walls.
0:29:20 > 0:29:23I handed her a steam stripper
0:29:23 > 0:29:25and she looked at it and didn't know what it was.
0:29:25 > 0:29:28So, we had to give her a quick course on how to strip the walls.
0:29:28 > 0:29:30We had to strip everything off the walls,
0:29:30 > 0:29:35including the woodchip wallpaper which took quite a while
0:29:35 > 0:29:39and, pretty much, just rip off all the skirting boards
0:29:39 > 0:29:43and just everything from the house, so it was just back to the basics.
0:29:43 > 0:29:45So, with Courtney working hard
0:29:45 > 0:29:49and her uncles doing the majority of the big jobs,
0:29:49 > 0:29:52there was little need for tradesmen to come in,
0:29:52 > 0:29:57meaning a total transformation here took just ten weeks.
0:29:57 > 0:30:02But what about the original budget of £20,000? Is that still intact?
0:30:02 > 0:30:08We ended up spending 27,000, in total, which was over the budget,
0:30:08 > 0:30:13but with the kitchen and all the work that we've done in the kitchen
0:30:13 > 0:30:17and moving the bathroom upstairs, that is what sent the budget up,
0:30:17 > 0:30:21really, and we did go for a much nicer kitchen in the end, as well.
0:30:21 > 0:30:23Along with all the obvious changes here,
0:30:23 > 0:30:28they've also done a total rewire, installed central heating
0:30:28 > 0:30:31and replaced all the windows.
0:30:31 > 0:30:34And considering the standard of finish here,
0:30:34 > 0:30:37I don't think the overspend on the budget is anything to worry about.
0:30:39 > 0:30:45Add that £27,000 renovation cost to the purchase price of 48,000
0:30:45 > 0:30:50and they've invested £75,000 on this once-dilapidated property.
0:30:50 > 0:30:53We asked two estate agents along
0:30:53 > 0:30:55to assess whether it's all been worth it.
0:30:56 > 0:30:58I think the property's been refurbished
0:30:58 > 0:31:01to an excellent standard. It's very spacious.
0:31:01 > 0:31:02Both bedrooms are a good size
0:31:02 > 0:31:05and the kitchen, in particular, is fabulous.
0:31:05 > 0:31:09The kitchen also impressed the agent who saw the house before work began.
0:31:09 > 0:31:11You know, it's got all the integrated goods.
0:31:11 > 0:31:15It's got the oven and things like that. It really does give you
0:31:15 > 0:31:16the wow factor, as you walk through.
0:31:16 > 0:31:19It's not something I've seen before, so it's very good.
0:31:19 > 0:31:22The decor of the property has been finished to a lovely standard.
0:31:22 > 0:31:25The addition of feature walls in some of the rooms should really
0:31:25 > 0:31:28help the property to stand out from others available on the market.
0:31:28 > 0:31:30What they've done here is particularly good,
0:31:30 > 0:31:32they've moved the bathroom upstairs.
0:31:32 > 0:31:35With that in mind, I would market the property at around £100,000
0:31:35 > 0:31:38and expect to achieve offers of around 90,000 onwards.
0:31:38 > 0:31:41If I was to bring this property to the market for sale, I would
0:31:41 > 0:31:45suggest an asking price of somewhere in the region of £90,000 to £95,000.
0:31:45 > 0:31:50£90,000 would give them a pre-tax profit of 15,000.
0:31:50 > 0:31:53It's been a good learning curve for Courtney
0:31:53 > 0:31:56and did the marketing experience live up to the expectations?
0:31:56 > 0:31:59We did viewings on the Thursday night.
0:31:59 > 0:32:03By Saturday morning, we had offers on it and, by Monday morning,
0:32:03 > 0:32:05we'd actually accepted an offer on the property.
0:32:05 > 0:32:09We accepted an offer of £90,000, which we were very happy with.
0:32:15 > 0:32:17A hop over the border now into Scotland,
0:32:17 > 0:32:22and then on to Dunfermline in Fife, a place steeped in history.
0:32:22 > 0:32:25Robert the Bruce was born in the palace here.
0:32:25 > 0:32:29Nowadays, it's a vibrant place, with some major employers,
0:32:29 > 0:32:31and it's also well-placed for commuting,
0:32:31 > 0:32:36with plenty of bridges to take you to Glasgow, Edinburgh and beyond.
0:32:36 > 0:32:37I don't know about you,
0:32:37 > 0:32:40but every time I see the legendary Forth Rail Bridge,
0:32:40 > 0:32:42it makes me wonder,
0:32:42 > 0:32:45what happened to the first, second and third bridges(?)
0:32:45 > 0:32:46You never hear about them.
0:32:46 > 0:32:48Well, seven miles from Dunfermline
0:32:48 > 0:32:51and about ten miles from the Forth Road Bridge
0:32:51 > 0:32:57is the little community of Blairhall and that's where this is located.
0:32:57 > 0:33:01Up for grabs at the auction was a former community centre.
0:33:03 > 0:33:07Touch of '70s about it, touch of needing a lot of work about it.
0:33:07 > 0:33:09Let's take a look inside.
0:33:11 > 0:33:15Its guide price of £30,000 would still make it hard to overcome
0:33:15 > 0:33:17the lack of curve appeal here.
0:33:17 > 0:33:19MUSIC: "As Ugly As I Seem" by The White Stripes
0:33:19 > 0:33:23# I am as ugly as I seem
0:33:23 > 0:33:28# Worse than all your dreams
0:33:28 > 0:33:33# Could ever make me out to be... #
0:33:33 > 0:33:35With a generous car parking area,
0:33:35 > 0:33:40this could be a commercial proposition, but what?
0:33:40 > 0:33:44As it stands, it's easy to see why this community centre
0:33:44 > 0:33:49is no longer a valued member of the community. So, what's on offer?
0:33:49 > 0:33:52Well, into the entrance area here, you've got loos,
0:33:52 > 0:33:57you've got a little, sort of, office area there.
0:33:57 > 0:34:01Obviously, in a bit of a state, but that's just the start.
0:34:03 > 0:34:07You could imagine plenty of '70s discos taking place here,
0:34:07 > 0:34:09back in the day.
0:34:09 > 0:34:12But now, it will take more than a little TLC
0:34:12 > 0:34:15to restore this to its former glory.
0:34:22 > 0:34:27Through here is the kind of room you would expect in a community centre -
0:34:27 > 0:34:29one very big space.
0:34:29 > 0:34:32A couple of ancillary rooms off it, which presumably were used
0:34:32 > 0:34:35for storing equipment and stuff like that.
0:34:35 > 0:34:39I mean, very typical of things that were built around this time
0:34:39 > 0:34:44for this kind of use and what you've got is just a lot of square footage.
0:34:44 > 0:34:48What you do with it, now that's the tricky bit.
0:34:48 > 0:34:51And that is the issue with this place.
0:34:51 > 0:34:55It's a big footprint for 30 grand, but it's not the bonniest
0:34:55 > 0:34:59building ever and what kind of business could work here?
0:34:59 > 0:35:03Could it be a shop or are we talking some kind of workshop?
0:35:03 > 0:35:06Would you get a change of use or could you get planning permission
0:35:06 > 0:35:09to build something in its place?
0:35:09 > 0:35:11Well, it comes back down to research.
0:35:11 > 0:35:13You've got to know the local area,
0:35:13 > 0:35:16you've got to know what you might do with this place,
0:35:16 > 0:35:18you've got to know how much it would cost you to do whatever you
0:35:18 > 0:35:22wanted to do with it and how much the end product could sell for.
0:35:22 > 0:35:24But get all that right and you could be laughing.
0:35:24 > 0:35:26MUSIC: "The Laughing Gnome" by David Bowie
0:35:26 > 0:35:29# Ha, ha, ha, hee, hee, hee,
0:35:29 > 0:35:33# I'm a laughing gnome and you don't catch me
0:35:33 > 0:35:35# Said the laughing gnome... #
0:35:35 > 0:35:39Seeing that gnome has made me think of outdoors.
0:35:39 > 0:35:41So, with this, what are you looking at?
0:35:41 > 0:35:44Well, for me, I'm looking at the land itself.
0:35:44 > 0:35:47How flat is it, how close to local amenities,
0:35:47 > 0:35:49services, gas, electric...?
0:35:49 > 0:35:52Well, obvious the fact it was used as a community centre
0:35:52 > 0:35:54is great news, cos all things like sewerage and electricity
0:35:54 > 0:35:56and water are already there.
0:35:56 > 0:35:59The other good bonus is the amount of land you've got around it.
0:35:59 > 0:36:04A nice bit at the back here and it's flat. Easy access to the road.
0:36:04 > 0:36:07Forget about the building, knock it down, clear the site
0:36:07 > 0:36:10and you've got yourself a fantastic building plot.
0:36:10 > 0:36:13I'm picturing a very nice house on this site.
0:36:13 > 0:36:18There's a total of 2,235 square feet in old money, here,
0:36:18 > 0:36:22and on offer for a guide price of around £30,000.
0:36:22 > 0:36:24You could do a lot with that.
0:36:24 > 0:36:25But the question is,
0:36:25 > 0:36:28would that be a viable proposition here?
0:36:28 > 0:36:31A property expert came along to tell us.
0:36:31 > 0:36:36Looking at what the new build detached houses are achieving,
0:36:36 > 0:36:38I would have thought it would be
0:36:38 > 0:36:42in the region of around about £180,000 to £200,000.
0:36:42 > 0:36:45You'd have to add in demolition costs to your purchase price
0:36:45 > 0:36:49and then your build costs, but still worth considering.
0:36:49 > 0:36:52Are there any other options that would work here?
0:36:52 > 0:36:57If you could get planning consent, I think it might convert to a shop.
0:36:57 > 0:37:00There doesn't seem to be a decent-sized shop in the village
0:37:00 > 0:37:02and with the car parking, that's a major plus,
0:37:02 > 0:37:04because vehicles could get off the road.
0:37:04 > 0:37:09You ought to be able to achieve a rental of around about
0:37:09 > 0:37:10£7,500 per annum.
0:37:11 > 0:37:14Well, definitely one of those projects for somebody who can
0:37:14 > 0:37:16think outside the box, this one.
0:37:16 > 0:37:20It could be so much, but you've got to get the numbers right.
0:37:20 > 0:37:24Let's see who fancied the challenge, when it went under the hammer.
0:37:24 > 0:37:26So, we'll move onto lot 15.
0:37:27 > 0:37:29It's a former community centre,
0:37:29 > 0:37:31with associated car-parking.
0:37:31 > 0:37:34Looking for 30,000, to get started.
0:37:34 > 0:37:3525, then.
0:37:37 > 0:37:40Sorry. 10? 10, OK.
0:37:40 > 0:37:4210 I'll take, 12 I need.
0:37:42 > 0:37:45Worth a try, but just 45 seconds later,
0:37:45 > 0:37:49the offers have climbed up to a more respectable 20,000.
0:37:49 > 0:37:5120, 20,000 I have at the moment.
0:37:51 > 0:37:54Are we all done at 20,000?
0:37:54 > 0:37:5720 and a half? 21, 21 and a half?
0:37:57 > 0:37:5922, 22 and a half?
0:37:59 > 0:38:0123, 23 and a half?
0:38:01 > 0:38:0324, 24 and a half?
0:38:03 > 0:38:0525, 25 and a half?
0:38:06 > 0:38:0825 and a half. 26?
0:38:08 > 0:38:1026 and a half?
0:38:10 > 0:38:1226 and a half? Yep, 27.
0:38:12 > 0:38:1727 and a half? 28, 28 and half?
0:38:17 > 0:38:19Are we all done at 28,000?
0:38:19 > 0:38:22All done? Going once...
0:38:22 > 0:38:24Twice...
0:38:24 > 0:38:28Third and final time... Sold to the gentleman sat down on my left.
0:38:28 > 0:38:31Well, right in there from the beginning was Phil
0:38:31 > 0:38:35and he finally got it for £28,000.
0:38:35 > 0:38:38When it comes to buildings like this one, Phil has plenty of form,
0:38:38 > 0:38:43including a police station he turned into a block of offices.
0:38:43 > 0:38:45His friend, Brian, has come along with him to tell us
0:38:45 > 0:38:48more about what he has planned for this centre.
0:38:48 > 0:38:51- Brian, Phil, great to meet you both. - Hi.- Good to meet you.
0:38:51 > 0:38:52Congratulations.
0:38:52 > 0:38:55Tell me why you wanted to buy this place, then.
0:38:55 > 0:38:59I didn't really want to buy it. I just bought it on spec.
0:38:59 > 0:39:02- What do you mean, on spec?- Well, in the hope that I could rent it.
0:39:02 > 0:39:04It was a very good price,
0:39:04 > 0:39:06it was an opportunity to buy somewhere of this size
0:39:06 > 0:39:08for a certain amount of money
0:39:08 > 0:39:11and I thought I perhaps could make some profit by renting it.
0:39:11 > 0:39:15- Rent it out?- Definitely renting it out.- What, as it is?
0:39:15 > 0:39:19No, we'll need to renovate the place, cos it's in quite a mess.
0:39:19 > 0:39:23- It needs new windows, new heating, lots of stuff...- Right.
0:39:23 > 0:39:26But I'm very lucky, because I've got Brian to help me with that.
0:39:26 > 0:39:28And what's the relationship between you too?
0:39:28 > 0:39:30Me and Brian have been friends for 30 years
0:39:30 > 0:39:33and we've worked together for quite some time.
0:39:33 > 0:39:37- Brian's basically the brains. - The brains?- The brains.
0:39:37 > 0:39:40I'm the brawn and Brian's the brains, but he'll help me get it done.
0:39:40 > 0:39:43So are you a builder or a project manager?
0:39:43 > 0:39:46- No, actually, I'm self-employed.- As a...?
0:39:46 > 0:39:51- Maintenance, all this sort of maintenance, yeah.- Right, brilliant.
0:39:51 > 0:39:53So why did Brawn and Brains
0:39:53 > 0:39:56think this rundown community centre was for them?
0:39:56 > 0:40:00I went to the auction to buy a toilet and I didn't get the toilet,
0:40:00 > 0:40:04- so I bought this.- You went to buy a toilet?- Yes. But I didn't get it.
0:40:04 > 0:40:07You're a man of interesting tastes when it comes to property.
0:40:07 > 0:40:09Aye, very much so. Very much so.
0:40:09 > 0:40:12"I wanted a toilet first. I bought a community centre."
0:40:12 > 0:40:15Well, we used to buy a lot of houses and rent houses out.
0:40:15 > 0:40:17That is your traditional...
0:40:17 > 0:40:20We still have the houses, but we try to get something a bit different now.
0:40:20 > 0:40:22- Right.- So, that's what we're trying.
0:40:22 > 0:40:25Whether it'll work out or not, time will tell. I don't know.
0:40:25 > 0:40:27Have you narrowed down your property to just
0:40:27 > 0:40:30toilets and community centres?
0:40:30 > 0:40:33No, no, we're wide open to anything else, something a bit different.
0:40:33 > 0:40:38Well, Phil and Brian may have a rather unorthodox approach,
0:40:38 > 0:40:40but it seems to work.
0:40:40 > 0:40:43Phil has some 40 commercial properties and, for those
0:40:43 > 0:40:46of you wondering, he has bought a public convenience before.
0:40:46 > 0:40:50Phil does seem keen that this building will serve
0:40:50 > 0:40:52some kind of function in the community.
0:40:52 > 0:40:55There's things I think it could be used for.
0:40:55 > 0:40:58It might be perhaps for childminding,
0:40:58 > 0:41:00it may be used as a nursery.
0:41:00 > 0:41:03Somebody might want to rent it, as a hall,
0:41:03 > 0:41:05and they could rent it out to individual people.
0:41:05 > 0:41:07I've had a number of individual people ask me
0:41:07 > 0:41:10if they could use it, but that's not what I would do.
0:41:10 > 0:41:13I would rent it to somebody else and they could do that.
0:41:13 > 0:41:17- And then, keeping, what, the layout pretty much...?- Exactly as it is.
0:41:17 > 0:41:19- Really?- Yes, aye. - What about outside?
0:41:19 > 0:41:23We'll put in fencing and we'll pave it and make it rather nice,
0:41:23 > 0:41:25that's what we'll do.
0:41:25 > 0:41:28I would have thought somebody would buy this and knock it down...
0:41:28 > 0:41:30Well, that's the option that's open to me.
0:41:30 > 0:41:31Brian said this to me,
0:41:31 > 0:41:33he said we could see if we could get it rented
0:41:33 > 0:41:36and even if we got it rented, perhaps for maybe for five or ten years,
0:41:36 > 0:41:38we could then sell it on to a developer.
0:41:38 > 0:41:41We could sell it on to a developer now, but where was the developer
0:41:41 > 0:41:44when it was for sale just now? It's not really a...
0:41:44 > 0:41:48They're not really buying things just now, are they? Or are they?
0:41:48 > 0:41:49I don't know.
0:41:49 > 0:41:52- Was it a bit of a punt for you? - Oh, it's a definite punt.
0:41:52 > 0:41:54Oh, aye, definitely a punt.
0:41:54 > 0:41:57Do you know, when I was at the auction and I bought it,
0:41:57 > 0:41:59the guy in front of me turned and said to me,
0:41:59 > 0:42:02"What do you intend to do with that?" I says, "I really don't know."
0:42:02 > 0:42:05He said, "I'd like to rent it for a fight club.
0:42:05 > 0:42:08He said, "I run a fight club." I said, "Well, come and see me."
0:42:08 > 0:42:10- And he's been up and he's seen me.- Wow.
0:42:10 > 0:42:12Aye, was sitting right in front of me.
0:42:12 > 0:42:14That must have given you a bit of confidence, actually.
0:42:14 > 0:42:17I had a skip in my step when I went up to hand over the cheque.
0:42:18 > 0:42:20Phil's definitely a one-off,
0:42:20 > 0:42:24but why did he move into buying one-off properties?
0:42:24 > 0:42:28We did do a lot of houses but then we started buying shops and things like
0:42:28 > 0:42:32that and they're better contracts for us, they're longer, as you'll know.
0:42:32 > 0:42:34So, that's the idea of this, it gives you a mixture.
0:42:34 > 0:42:36Had you seen it before you bought it?
0:42:36 > 0:42:40Only from the outside and I was very pleased when I came in.
0:42:40 > 0:42:44- It's really not as bad as it looks. - It's not as bad as it looks, no.
0:42:44 > 0:42:47- No, it isn't.- You'd be surprised when it's cleaned up.- Aye.
0:42:47 > 0:42:50A lot of redecorating is required, right enough,
0:42:50 > 0:42:51but once that's done, you'd be amazed.
0:42:51 > 0:42:53So, who's going to be doing the work?
0:42:53 > 0:42:55Well, Brian will help me enormously,
0:42:55 > 0:42:58but we have other chaps who will take care of the heating
0:42:58 > 0:43:02and we've got a decorator. So, various people will come.
0:43:02 > 0:43:04And what do you think about this?
0:43:04 > 0:43:07I think it's great. I really do.
0:43:07 > 0:43:11I think it's an amazing place, very good value for money.
0:43:11 > 0:43:13It's a pretty safe gamble.
0:43:13 > 0:43:15Costs you more to buy a half-decent car
0:43:15 > 0:43:18than it would be for what I paid for this.
0:43:18 > 0:43:20And what's the kind of...
0:43:20 > 0:43:21How do I talk about budget?
0:43:21 > 0:43:24OK, yeah, I mean, what is the budget for...?
0:43:24 > 0:43:26- We were speaking about that today.- We were.
0:43:26 > 0:43:30And we reckon it's 15,000 to 20,000. We reckon, to do it correctly, aye.
0:43:30 > 0:43:32If it doesn't rent, we can knock it down.
0:43:32 > 0:43:35You know, we'll have five or six windows lying in a garage,
0:43:35 > 0:43:39but we can knock it down. But I wouldn't want to be knocking it down.
0:43:39 > 0:43:42Not necessarily what I was expecting, so there you go.
0:43:42 > 0:43:45- Well, we'll see how we get on. - Good luck with it.- Thanks very much.
0:43:45 > 0:43:48- Thank you very much. - Nice to meet you both.
0:43:49 > 0:43:51Well, what a turn up for the books.
0:43:51 > 0:43:56I was 95% sure this would go to a developer and surely, knocking
0:43:56 > 0:43:59it down and building something here is the most profitable option.
0:43:59 > 0:44:01It just goes to show that, for some people,
0:44:01 > 0:44:05it's not just about the money. Jolly good it is to hear, too.
0:44:05 > 0:44:08How will they get on? What will happen with this place?
0:44:08 > 0:44:10You can find out later in the show.
0:44:13 > 0:44:15Well, the big question is,
0:44:15 > 0:44:18have our buyers made money on their investments?
0:44:18 > 0:44:22Well, time has passed, so let's go back and take a look.
0:44:27 > 0:44:31We return now to Ashford in Kent, where earlier, I met full-time
0:44:31 > 0:44:35property developer Adrian, who bought this former travel agency.
0:44:36 > 0:44:38Boasting four floors in total,
0:44:38 > 0:44:43Adrian had managed to buy it for a very reasonable £114,000.
0:44:44 > 0:44:47I thought this property had bags of potential
0:44:47 > 0:44:51and Adrian had some very interesting ideas for it.
0:44:51 > 0:44:53What potential have you seen with this?
0:44:53 > 0:44:55Cos I think there's quite a lot to offer here.
0:44:55 > 0:44:58Yeah, well, my plan is really to see
0:44:58 > 0:45:01if I can subdivide it into two separate parts,
0:45:01 > 0:45:05so a self-contained shop and then, a two-bedroom apartment.
0:45:07 > 0:45:09Adrian has lots of experience.
0:45:09 > 0:45:13Good job. This property needed someone with know-how.
0:45:14 > 0:45:16Did this mixed-use project get off the ground
0:45:16 > 0:45:19in his three to four months' time scale?
0:45:19 > 0:45:24Well, almost one year on, we're back to find out if we got lift off.
0:45:26 > 0:45:30The old travel agency is now a lovely deli cafe,
0:45:30 > 0:45:33with a spacious seating area.
0:45:35 > 0:45:38There's room in the basement, as well, for food storage,
0:45:38 > 0:45:41prep area, and an employee's cloakroom.
0:45:48 > 0:45:51Wow, what a difference a year has made.
0:45:51 > 0:45:54If you think that looks good, let's go through the new door,
0:45:54 > 0:45:58up the private stairs, into the upstairs flat.
0:46:08 > 0:46:11It's turned out nice, hasn't it?
0:46:12 > 0:46:14So, here on the first floor,
0:46:14 > 0:46:19we originally had two rooms, with an office area at the front.
0:46:19 > 0:46:20We knocked through the wall here
0:46:20 > 0:46:24and created a nice spacious galley-style kitchen
0:46:24 > 0:46:26and opened up the room, to provide
0:46:26 > 0:46:31a nice living, dining and eating area.
0:46:31 > 0:46:34We also have a nice double aspect here,
0:46:34 > 0:46:37with light coming through from the back and from the front.
0:46:37 > 0:46:40So, it's provided a really nice, comfortable space.
0:46:40 > 0:46:42Oh, Adrian, you are spot on, there.
0:46:42 > 0:46:44I always liked this bright, airy space
0:46:44 > 0:46:47and I think this has made the best of it.
0:46:47 > 0:46:51Will the second floor level impress as much?
0:47:00 > 0:47:03Up here, they've split the large back bedroom, to create
0:47:03 > 0:47:07a lovely modern bathroom and then, also, a smaller bedroom.
0:47:07 > 0:47:11It's quite a transformation from the oversized bathroom that it was.
0:47:16 > 0:47:20And there's a handy loo on the half-landing, as well.
0:47:23 > 0:47:27I always thought that this property had real potential
0:47:27 > 0:47:29and Adrian has certainly fulfilled it,
0:47:29 > 0:47:31with a vibrant business using the two lower floors
0:47:31 > 0:47:35and a very smart centrally-located flat on the two upper floors.
0:47:35 > 0:47:39But this is a conservation area. He will have had to apply
0:47:39 > 0:47:44for change of use for the shop, to a classification that allows hot food.
0:47:46 > 0:47:48Has it been a bumpy ride?
0:47:48 > 0:47:50The planning process was quite straightforward,
0:47:50 > 0:47:53it took about three or four months to get everything agreed
0:47:53 > 0:47:55and then we started the building work,
0:47:55 > 0:47:58which was about six or seven months in total.
0:47:58 > 0:48:02But we found a tenant for the shop within about seven or eight months
0:48:02 > 0:48:04of the original purchase.
0:48:05 > 0:48:07Adrian really hasn't hung about here
0:48:07 > 0:48:09and if it wasn't for local flood damage
0:48:09 > 0:48:12needing the attention of his builders,
0:48:12 > 0:48:14he would have been done much sooner.
0:48:16 > 0:48:20So, how did his original budget of 30,000 hold up?
0:48:20 > 0:48:22Well, we went a little bit over.
0:48:22 > 0:48:25We came in at a total spend of 43,000,
0:48:25 > 0:48:28but that was mainly due to the additional structural work
0:48:28 > 0:48:30that we had to do on the rear extension.
0:48:30 > 0:48:36So, that had to be strengthened with an RSJ and some new flooring put it.
0:48:36 > 0:48:40We also had to do a bit more work on the roof than we expected,
0:48:40 > 0:48:42but other than that, it was pretty straightforward.
0:48:45 > 0:48:48Adrian already had a tenant lined up for the flat.
0:48:48 > 0:48:50But will two local property experts
0:48:50 > 0:48:55think his spend of 157,000 was a wise investment?
0:48:57 > 0:48:59My first impressions were good,
0:48:59 > 0:49:02that it's been a good, well thought-out conversion,
0:49:02 > 0:49:04maximising the potential.
0:49:04 > 0:49:08Town centre flats like this are very sellable.
0:49:08 > 0:49:12There's plenty of space further out of town, but this is prime.
0:49:12 > 0:49:15And what about the shop?
0:49:15 > 0:49:18It's a great use for the town centre, a deli takeaway,
0:49:18 > 0:49:22just what's required at lunchtime, with a lot of workers in the area.
0:49:22 > 0:49:24It's slightly different.
0:49:24 > 0:49:27We've got a little, sort of, Indian takeaway-cum-restaurant
0:49:27 > 0:49:30and it's, sort of, light and airy - well fitted, well presented.
0:49:30 > 0:49:34If it's got good food, it should prosper.
0:49:34 > 0:49:38I would expect the shop to let for £14,000 per annum.
0:49:38 > 0:49:42The shop, I think, would be around, sort of. 14,000 a year.
0:49:42 > 0:49:47Which is in fact what Adrian is getting from the existing tenant.
0:49:47 > 0:49:50But what about that lovely flat?
0:49:50 > 0:49:56I would expect to be able to obtain £650 per calendar month for the flat.
0:49:56 > 0:49:59I think it may well achieve 700.
0:49:59 > 0:50:02I'm very pleased with those valuations. They're pretty much where
0:50:02 > 0:50:06I thought they would be and, yeah, it's been a good outcome, overall.
0:50:06 > 0:50:09Both agents think if the building was to be sold as a whole,
0:50:09 > 0:50:12with sitting tenants in both the flat and the shop,
0:50:12 > 0:50:17it would fetch between 200,000 and 225,000, with the shop
0:50:17 > 0:50:19earning £14,000 per annum
0:50:19 > 0:50:23and the flat bringing around £8,000 per annum.
0:50:23 > 0:50:27This would mean a total rental of around £22,000.
0:50:27 > 0:50:30Yeah, very worthwhile, from the financial point of view, yeah.
0:50:30 > 0:50:31It's been a good project.
0:50:34 > 0:50:37That commercial property proved a winner for Adrian,
0:50:37 > 0:50:41so would this former community centre in Blairhall, Scotland,
0:50:41 > 0:50:43also do the same?
0:50:43 > 0:50:47Once again, finding just the right use was the big question.
0:50:47 > 0:50:50Or would it be best just to knock it down and start again?
0:50:51 > 0:50:55Enter Phil on the left here, the brawn,
0:50:55 > 0:50:58and his pal, the brains, otherwise known as Brian.
0:51:00 > 0:51:04Phil bought the property as a pure punt for £28,000,
0:51:04 > 0:51:07but he'd originally gone to spend a penny.
0:51:07 > 0:51:10I went to the auction to buy a toilet
0:51:10 > 0:51:12and I didn't get the toilet, so I bought this.
0:51:12 > 0:51:16- You would buy a toilet? - Yes, I'd buy a toilet, yeah.
0:51:16 > 0:51:18Well, instead, he got three toilets
0:51:18 > 0:51:23and over 2,200 square feet of 1970s nostalgia
0:51:23 > 0:51:25and, much to my surprise,
0:51:25 > 0:51:29wanted to renovate the centre to its former glory.
0:51:29 > 0:51:32Phil still had a hankering for the old community centre,
0:51:32 > 0:51:34as a place for locals to stage events
0:51:34 > 0:51:38and just over four months later, that's exactly what he's achieved.
0:51:38 > 0:51:41MUSIC: "The Nutcracker" by Pyotr Ilyich Tchaikovsky
0:51:45 > 0:51:50Dance teacher Lorraine has 100 to 120 students
0:51:50 > 0:51:53attending classes in ballet, tap, jazz and competitive dance
0:51:53 > 0:51:56and there are adult activities, too.
0:51:56 > 0:51:59It keeps kids off the streets, gives the kids ambition,
0:51:59 > 0:52:01somewhere to go at nighttimes after school
0:52:01 > 0:52:04and I've also got a few students that are looking to
0:52:04 > 0:52:08further their career in dance and actually become teachers,
0:52:08 > 0:52:11so it's given them a career and a job and a lifestyle, which is nice.
0:52:11 > 0:52:14Lorraine sounds like a happy customer.
0:52:14 > 0:52:18So what did Brian and Phil have to do to create this dance studio?
0:52:18 > 0:52:20'Everything's been renovated.
0:52:20 > 0:52:25'The roof was repaired, all the windows were replaced,'
0:52:25 > 0:52:30the heating was upgraded, plasterboard throughout was repaired,
0:52:30 > 0:52:33the electrics were checked, security lighting has been fitted.
0:52:33 > 0:52:39New alarms, new fire alarms, the toilets have been totally renovated.
0:52:39 > 0:52:41- A lot of plastering, Brian? - A lot of plastering, yes, aye.
0:52:41 > 0:52:43- Willie the painter did that. - That's right.
0:52:43 > 0:52:46In fact, we thought he was living in there at one point.
0:52:46 > 0:52:49An impressive job in just four months
0:52:49 > 0:52:52and only four weeks longer than Phil's original estimate.
0:52:52 > 0:52:56Brian uses a tried and tested team of four specialists
0:52:56 > 0:52:58on all Phil's restoration work.
0:52:58 > 0:53:02As well as Willie the painter, there's Chris the plumber,
0:53:02 > 0:53:05Campbell the cleaner and Rab the slabber,
0:53:05 > 0:53:09whose job it was to tackle the external paths and fencing...
0:53:09 > 0:53:13plus, one of the most daunting of all the tasks they faced.
0:53:13 > 0:53:15There was a choked drain,
0:53:15 > 0:53:18but we weren't able to clear the drain, it had to be dug up
0:53:18 > 0:53:24and completely renewed from one corner to the other of the building.
0:53:24 > 0:53:26The drain had collapsed.
0:53:26 > 0:53:29That's what had caused a lot of the problems with the building,
0:53:29 > 0:53:32because the water that was coming off the roof wasn't being removed
0:53:32 > 0:53:35from the premise and as soon as we did that, the place started to,
0:53:35 > 0:53:38sort of, recover, shall we say?
0:53:38 > 0:53:40Dodgy flat roofs, faulty drainage,
0:53:40 > 0:53:43no matter how many times I mention them, they still keep
0:53:43 > 0:53:47cropping up, but obviously that wasn't all that needed tackling.
0:53:47 > 0:53:50This old building presented plenty of challenges
0:53:50 > 0:53:52for Phil and Brian's trusty team.
0:53:52 > 0:53:55So, this room needed quite a lot of work done to it.
0:53:55 > 0:53:57We had to replace all the broken plasterboard here,
0:53:57 > 0:54:01reattach the electrical fittings, the floor required repair,
0:54:01 > 0:54:05the radiators needed reattached, we had a hole in the roof up here
0:54:05 > 0:54:09and also damaged plasterboard here, all done and repaired.
0:54:09 > 0:54:13And then we went in here and we have created an attic space
0:54:13 > 0:54:17and a space we found that was wood-lined. We've put power
0:54:17 > 0:54:20and we've put light up there, so it's extra storage space
0:54:20 > 0:54:23and, obviously, we've revamped the cupboard.
0:54:23 > 0:54:25Was that all, then? Of course not.
0:54:25 > 0:54:29The kitchen, too, had more than its fair share of problems
0:54:29 > 0:54:30that needed sorting out.
0:54:30 > 0:54:34We had to rip out the old kitchen and put in a new kitchen.
0:54:34 > 0:54:38New sinks, the plumbing had to be all renewed.
0:54:38 > 0:54:41There had been a leak and there was a hole in the floor,
0:54:41 > 0:54:43but that's been fixed.
0:54:43 > 0:54:46It's all been retiled and redecorated,
0:54:46 > 0:54:47new ceiling, new lights.
0:54:47 > 0:54:49As you can see, it's been a lot of work
0:54:49 > 0:54:51and a considerable amount of expense, as well.
0:54:51 > 0:54:53MUSIC: "Money" by Pink Floyd
0:54:53 > 0:54:55Ah-hah, yes, the money.
0:54:55 > 0:54:57Phil's original estimate for all this work was
0:54:57 > 0:55:01an optimistic 15,000 to 20,000.
0:55:01 > 0:55:03So, what did it actually cost?
0:55:03 > 0:55:06We spent £28,000.
0:55:06 > 0:55:10So it cost £28,000, we spent £28,000.
0:55:10 > 0:55:14Well, we'll soon find out if it's all been worth it.
0:55:14 > 0:55:17But I can't help wondering if this project has put a strain
0:55:17 > 0:55:20on Phil and Brian's working relationship.
0:55:20 > 0:55:23Ten years ago, I started to do buy-to-lets
0:55:23 > 0:55:27and we've worked continually for the ten years without a fall-out.
0:55:27 > 0:55:30- Yes, that's true.- That's true.
0:55:30 > 0:55:33And what's been the highlight of the past four months?
0:55:34 > 0:55:38- Seeing the place finished is the highlight.- The end of the job.
0:55:38 > 0:55:41Well, there could be more highlights to come,
0:55:41 > 0:55:45because we asked two property experts to give us their valuations.
0:55:46 > 0:55:51Will it be lots more than the £56,000 total spend?
0:55:51 > 0:55:53If you bought the building, as it stands at the moment,
0:55:53 > 0:55:57ready to go, with vacant possession on the market,
0:55:57 > 0:56:02I would think you're probably talking about £60,000 to £65,000.
0:56:02 > 0:56:06That could mean a profit of between £4,000 and £9,000.
0:56:06 > 0:56:07Is Phil impressed with that?
0:56:07 > 0:56:11- I really think it's worth more money than that.- That'll be a no, then.
0:56:11 > 0:56:16To be fair, commercial properties are notoriously difficult to value.
0:56:16 > 0:56:18What does the other agent think?
0:56:18 > 0:56:21Well, it is an unusual property.
0:56:21 > 0:56:22But given the market,
0:56:22 > 0:56:27I believe we could achieve between £95,000 and £105,000.
0:56:27 > 0:56:31Well, that's realistic. I think that's about right, aye.
0:56:31 > 0:56:33I think that's about right.
0:56:33 > 0:56:37A commercial property is often worth what someone is willing to pay.
0:56:37 > 0:56:41In this case, being tailored for a very specialist purpose
0:56:41 > 0:56:44has determined what it is worth to the dance school,
0:56:44 > 0:56:48who are renting it for £18,000 per annum.
0:56:48 > 0:56:53I am delighted and I'm sure that it's a fairly good rent I've got for it.
0:56:53 > 0:56:56But at the same time, the pleasure really for me is
0:56:56 > 0:57:00it's a young business and I do think that they could grow
0:57:00 > 0:57:01and do very well here.
0:57:01 > 0:57:04Plus the fact that the local people can use it,
0:57:04 > 0:57:06which to me was a good thing.
0:57:06 > 0:57:08This studio is a lot better than our old studio.
0:57:08 > 0:57:11We have disabled access, pram access,
0:57:11 > 0:57:15we also have a kitchen, so we can cater for different events.
0:57:15 > 0:57:19It's a lot bigger, cleaner and safer environment for the kids.
0:57:19 > 0:57:21Since I was three years old, I wanted to be a dance teacher
0:57:21 > 0:57:24and I thought, with my old studio, that was it.
0:57:24 > 0:57:28When I got this opportunity to have the larger studio,
0:57:28 > 0:57:31it was my dream come true.
0:57:31 > 0:57:32It does sound like a win-win.
0:57:32 > 0:57:37And another quirky building has worked out for Phil and Brian.
0:57:37 > 0:57:42He'll have his investment pay for itself in just over three years.
0:57:42 > 0:57:46So, what advice does he have for fellow auction-goers?
0:57:46 > 0:57:48I've always been of the opinion that, when you go to an auction,
0:57:48 > 0:57:50don't go looking to buy something.
0:57:50 > 0:57:53Go looking for a situation to exploit.
0:57:53 > 0:57:56Houses are fine, but if you buy a commercial property,
0:57:56 > 0:57:58nobody knows the value of the thing
0:57:58 > 0:58:01and you can make a good return on your money.
0:58:01 > 0:58:03Yeah.
0:58:06 > 0:58:08Well, that's it for today's show.
0:58:08 > 0:58:10We hope you've enjoyed watching today's buyers
0:58:10 > 0:58:12and maybe got some inspiration along the way.
0:58:12 > 0:58:15- Yeah, look forward to seeing you next time.- Goodbye for now.- Goodbye.