0:00:02 > 0:00:03Hello, and welcome to the show.
0:00:03 > 0:00:05Now, if you want to head somewhere where there is a huge
0:00:05 > 0:00:08number of properties available for sale all under one roof,
0:00:08 > 0:00:11then head to your local property auction.
0:00:11 > 0:00:14Yeah, you might be able to bag yourself a decent deal as well.
0:00:14 > 0:00:17Yes. Now, auctions have become so popular over the years,
0:00:17 > 0:00:20so why not think about buying your next property under the hammer?
0:00:47 > 0:00:49If you are a seasoned property developer,
0:00:49 > 0:00:51you might have some tricks of the trade up your sleeve.
0:00:51 > 0:00:54Yes, but let's not forget first-timers who have still got
0:00:54 > 0:00:56a lot to learn.
0:00:56 > 0:00:58Yes. We see buyers from all different backgrounds,
0:00:58 > 0:01:01but which properties did they go for today?
0:01:03 > 0:01:07Will this Chingford three-bed semi turn out to be the apple of my eye?
0:01:07 > 0:01:09Added bonus of an apple tree just there now.
0:01:09 > 0:01:11My choice is always apple crumble.
0:01:13 > 0:01:17And I'm dazzled by the decor in this one-bed flat in Brighton.
0:01:17 > 0:01:21So, here we have the one-bedroom property. Oh, hello!
0:01:22 > 0:01:26And in this Derby terraced house, are my eyes deceiving me?
0:01:26 > 0:01:28That is actually a first.
0:01:28 > 0:01:31I've never seen a sliding patio door in the middle of a room like that.
0:01:31 > 0:01:32That is brilliant.
0:01:33 > 0:01:35All these properties have been sold at auction.
0:01:35 > 0:01:38We will find out who bought them and what they paid for them
0:01:38 > 0:01:40when they went under the hammer.
0:01:40 > 0:01:42Sold, 280.
0:01:49 > 0:01:52Believe it or not, this is Chingford in north-east London.
0:01:52 > 0:01:55But with its leafy streets and lovely parks,
0:01:55 > 0:01:58it feels a long way from the hustle and bustle of the city centre.
0:02:00 > 0:02:03It has a lot to offer as a residential area.
0:02:03 > 0:02:06One negative is the lack of a Tube station,
0:02:06 > 0:02:11but there are overground trains that go into Liverpool Street station.
0:02:11 > 0:02:13So, if this is the kind of London living you are after,
0:02:13 > 0:02:15Chingford could be for you.
0:02:23 > 0:02:26The property I am here to see is a three-bed semidetached house
0:02:26 > 0:02:29just a short walk away from the local amenities
0:02:29 > 0:02:32in a very popular residential area.
0:02:32 > 0:02:34OK, here it is. And it looks neat to me. And tidy.
0:02:34 > 0:02:38And the guide price may surprise you - £250,000-plus.
0:02:38 > 0:02:39Let's take a look.
0:02:41 > 0:02:44Not quite love at first sight, but a promising start.
0:02:45 > 0:02:47The lack of off-street parking shouldn't be
0:02:47 > 0:02:50a problem as there are no parking restrictions on the road.
0:02:51 > 0:02:53It's nice to have a grassy area out front
0:02:53 > 0:02:57but it does mean a longer walk to get your shopping in from the car.
0:03:02 > 0:03:06Nice space in the entrance hall. There's a small porch just there.
0:03:06 > 0:03:10Stairs here. Now, I'd be inclined to change the stairs
0:03:10 > 0:03:11or just fill in the gaps.
0:03:11 > 0:03:14Not good for children, quite dangerous.
0:03:14 > 0:03:19Kitchen in here which looks to be a nice size. Just needs modernizing.
0:03:19 > 0:03:23Through into the two rooms that are made into one.
0:03:23 > 0:03:25With quite a small gap here.
0:03:25 > 0:03:29I do like a bigger gap if I'm going to have two rooms made into one.
0:03:29 > 0:03:33Radiators, so central heating is in. Electric seems to be OK.
0:03:33 > 0:03:34Get everything checked.
0:03:34 > 0:03:36But you've got two big windows on either end
0:03:36 > 0:03:38so lots of light coming in here.
0:03:38 > 0:03:40Not too bad so far.
0:03:40 > 0:03:42Upstairs there are three bedrooms -
0:03:42 > 0:03:46not the largest I've seen - and a modest-sized bathroom.
0:03:46 > 0:03:49But the layout works, unlike downstairs.
0:03:50 > 0:03:52The more I think about this gap on the ground floor,
0:03:52 > 0:03:53the stranger it seems.
0:03:55 > 0:03:57# Ain't it strange?
0:03:57 > 0:03:59# Ain't it strange? #
0:03:59 > 0:04:01Would it be better as two separate rooms?
0:04:01 > 0:04:04Or perhaps open the kitchen up into the back room
0:04:04 > 0:04:07and make an L-shape, allowing the open-plan dining area.
0:04:09 > 0:04:12While you ponder that, I'll take a look at the back of the house.
0:04:14 > 0:04:16Just like the inside of the property,
0:04:16 > 0:04:19the garden just seems to need a little bit of TLC.
0:04:19 > 0:04:21Get the grass cut down maybe.
0:04:21 > 0:04:23But always have a look back at the property.
0:04:23 > 0:04:25Check the guttering, check the slates.
0:04:25 > 0:04:27On this occasion, it looks OK.
0:04:27 > 0:04:30Now, added bonus of an apple tree just there now.
0:04:30 > 0:04:33Apple crumble, apple pie - it is your choice.
0:04:33 > 0:04:35My choice is always apple crumble.
0:04:35 > 0:04:38# And I'm good at cooking crumble... #
0:04:38 > 0:04:41Here is a man with more than just apple crumble on his mind.
0:04:41 > 0:04:45This local property expert is here to give us his opinion on the property.
0:04:47 > 0:04:49Will it be Golden Delicious or a bit of a crab apple?
0:04:51 > 0:04:53This property is a very good property.
0:04:53 > 0:04:55It does need a little bit of redecoration,
0:04:55 > 0:04:59but other than that, it should be ready to sell or rent.
0:04:59 > 0:05:02If you did have a bigger kitchen by cutting into the walls
0:05:02 > 0:05:04and making it L-shaped, it would make it more beneficial.
0:05:04 > 0:05:08It is suitable to either resale or to let out.
0:05:08 > 0:05:11But my personal opinion, to rent out would be more beneficial.
0:05:14 > 0:05:18And what sort of valuations would he place on this house?
0:05:18 > 0:05:20Once this property is renovated, this property could
0:05:20 > 0:05:26resell from anything between £300,000 to £310,000.
0:05:26 > 0:05:27And for rental?
0:05:27 > 0:05:29Once this property has been renovated,
0:05:29 > 0:05:34it can achieve anything between £1,400 to £1,500 per calendar month.
0:05:36 > 0:05:39Yes, it is in need of modernization, but at a guide price
0:05:39 > 0:05:44of £250,000-plus, you do get a decent house with a sensible layout.
0:05:44 > 0:05:47Let's see who agreed when it went under the hammer.
0:05:48 > 0:05:54Three-bed semi. So, who would like to kick off on this? 250?
0:05:55 > 0:05:57250.
0:05:57 > 0:06:01Not going to go much below 250. 250 anywhere?
0:06:01 > 0:06:05If you are here you better... Oh, sorry. 250. Sorry, it's those hands.
0:06:05 > 0:06:07I don't see them.
0:06:07 > 0:06:09Make sure you catch my attention.
0:06:09 > 0:06:12The bidding was slow to get started on this property.
0:06:12 > 0:06:16The priced edged up in £1,000 increments.
0:06:16 > 0:06:20We rejoin with the bid standing at £278,000.
0:06:21 > 0:06:23278?
0:06:25 > 0:06:27279?
0:06:29 > 0:06:34279. 280, round it off to 280.
0:06:34 > 0:06:37One more crack? Yeah? 280. 281.
0:06:39 > 0:06:42Have a think. 280 in the front. 281 elsewhere?
0:06:43 > 0:06:47Down here at £280,000, anyone else?
0:06:47 > 0:06:51At 280, first time, second time,
0:06:51 > 0:06:54third and last time, if you're all done.
0:06:55 > 0:06:57Sold, £280,000.
0:07:00 > 0:07:02That happy lady sitting with her dad was Sabia,
0:07:02 > 0:07:06who bought the house with her sister, Nasreen.
0:07:06 > 0:07:09The girls met me back at their new property to tell me their plans.
0:07:12 > 0:07:13- Sabia, nice to meet you.- Hi.
0:07:13 > 0:07:16Nasreen, nice to meet you, and congratulations.
0:07:16 > 0:07:18Tell us about the auction experience. How was it?
0:07:18 > 0:07:19It was quite nerve-racking.
0:07:19 > 0:07:22- And you didn't go? Couldn't make it? - I couldn't make it, I was at work.
0:07:22 > 0:07:24Ah, busy, you see.
0:07:24 > 0:07:27- Are you happy with what you have got? - Yes, we are. We are really happy.
0:07:27 > 0:07:30So, have you ever done anything like this before with properties?
0:07:30 > 0:07:32Not us, but my dad has.
0:07:32 > 0:07:34He owns a few other properties that he has refurbished.
0:07:34 > 0:07:37Ah, so you've got some experience in your dad.
0:07:37 > 0:07:39What made you want to get into property?
0:07:39 > 0:07:42Well, it was all of us brothers and sisters that wanted to get
0:07:42 > 0:07:45involved in the property market, follow what my dad's been doing.
0:07:45 > 0:07:48- So, Dad is a top man?- Yeah.- And you've got brothers and sisters?
0:07:48 > 0:07:51What other brothers and sisters have you got? Give them a name check.
0:07:51 > 0:07:54- Shanaz, Noreen, and Rashid. - Good, you gave him a name check.
0:07:54 > 0:07:55They are now famous.
0:07:56 > 0:08:01# Fame, makes a man take things over... #
0:08:01 > 0:08:04Many hands will hopefully make light work.
0:08:04 > 0:08:07And with dad Liakat overseeing the project,
0:08:07 > 0:08:10his experience should prove invaluable.
0:08:10 > 0:08:12So what are they planning to do with this place?
0:08:13 > 0:08:15- The property is in good condition. - Yeah.
0:08:15 > 0:08:18So what we're looking to do is just sort of clean it up,
0:08:18 > 0:08:21get rid of the wallpaper, paint it over.
0:08:21 > 0:08:24With the kitchen, we are looking to make it open-plan,
0:08:24 > 0:08:26like a kitchen-diner.
0:08:26 > 0:08:30- Ohh.- And just make as much space as we can upstairs.- So, you might...
0:08:30 > 0:08:33You're going to knock the wall down?
0:08:33 > 0:08:34- Yeah, thinking...- Options.- Yes.
0:08:34 > 0:08:37You've got plenty of options cos you could knock the wall down or
0:08:37 > 0:08:40- put a door there. - Or we could just keep it as it is.
0:08:40 > 0:08:42We want to try to make as much space as there is.
0:08:42 > 0:08:44OK, put in a new kitchen.
0:08:44 > 0:08:46And who has got the eye for the decor?
0:08:46 > 0:08:49THEY LAUGH Not sure? You sharing the responsibilities?
0:08:49 > 0:08:52- We'll probably share.- Will you do some of the work yourself?
0:08:52 > 0:08:54We do get involved yourselves?
0:08:54 > 0:08:57Well, my dad has got his builders so they are going to do
0:08:57 > 0:08:59most of the work, and then I will probably do finishing touches.
0:08:59 > 0:09:02OK. And yourself, Nasreen? Will you get involved yourself?
0:09:02 > 0:09:06- Just probably help with the finishing touches.- Painting?- Yeah.
0:09:06 > 0:09:09- You want to get down and dirty and get involved?- Maybe.- Yeah?
0:09:09 > 0:09:13And upstairs, what about upstairs? Are you going to change anything?
0:09:13 > 0:09:16The rooms are quite small, so what we're going to do is we are just
0:09:16 > 0:09:20going to try to make as much space as we can, take out the wardrobes.
0:09:20 > 0:09:22OK. And the stairs?
0:09:22 > 0:09:24We might fit in new stairs
0:09:24 > 0:09:26just because the stairs we have now are quite old.
0:09:26 > 0:09:29OK. The whole staircase or fill it in,
0:09:29 > 0:09:30cos you've got gaps in between the stairs.
0:09:30 > 0:09:33We might fill it or might change the whole staircase, but...
0:09:33 > 0:09:36- I suppose it's a good idea to speak to your dad about that.- Yeah.
0:09:36 > 0:09:38- And the builders.- Yeah. - Are they ready to come in?
0:09:38 > 0:09:40- Yeah.- They're ready to come in next week.
0:09:40 > 0:09:42- Wow. You are not hanging about, are you?- No.
0:09:43 > 0:09:46So, the renovation project is about to get off to the best
0:09:46 > 0:09:47possible start.
0:09:49 > 0:09:50But I am wondering - have the
0:09:50 > 0:09:53girls done much research into this property before the auction?
0:09:56 > 0:09:57Well, a week before the auction,
0:09:57 > 0:10:00my dad did actually go to see some properties
0:10:00 > 0:10:04and I thought this was one of the houses that he came to see.
0:10:04 > 0:10:07But I found out after we bough it that he didn't.
0:10:07 > 0:10:10- So, you hadn't seen the property before you bought it? BOTH:- No.
0:10:10 > 0:10:13That's one of the Hammer rules, you have to view the property
0:10:13 > 0:10:14and look at the legal pack.
0:10:14 > 0:10:17Now, that is an official telling-off for both of you.
0:10:17 > 0:10:20So, when you first saw the property, what were you thinking? You happy?
0:10:20 > 0:10:23- Was your dad happy? - Yeah, he was really happy with it.
0:10:23 > 0:10:26I thought the rooms upstairs would be a bit bigger, but overall,
0:10:26 > 0:10:28I was happy with it.
0:10:28 > 0:10:30- Well, now you have got it. - Very happy.
0:10:30 > 0:10:32- You'll turn it around. You're very happy?- Yeah.
0:10:32 > 0:10:34That is good to hear. Will you live in it?
0:10:34 > 0:10:36Are you going to sell it? Rent it?
0:10:36 > 0:10:38We are looking to rent it out but we might...
0:10:38 > 0:10:41We're going to think about it once it is done.
0:10:41 > 0:10:43Maybe to resell or...
0:10:43 > 0:10:44OK.
0:10:44 > 0:10:48And your budget, how much are you looking not to spend,
0:10:48 > 0:10:50or how much are you going to spend?
0:10:50 > 0:10:52We are thinking maybe ten to...
0:10:52 > 0:10:53Maybe 15 to 20.
0:10:53 > 0:10:55£15,000 to £20,000.
0:10:55 > 0:10:58OK, and tell me about how long you would like that to take.
0:10:58 > 0:11:01- Within two to three months, we're thinking.- OK, that's good.
0:11:01 > 0:11:03Tell me a little bit about what you both do.
0:11:03 > 0:11:05Nasreen, what do you do away from property?
0:11:05 > 0:11:07I'm a physiologist. A work in a hospital.
0:11:07 > 0:11:10I look at people's brain activity for a living.
0:11:10 > 0:11:12Really? Don't look too closely at me.
0:11:12 > 0:11:15You never know what is going on in here. That's an amazing job.
0:11:15 > 0:11:17- How long have you been doing that? - Six years now.
0:11:17 > 0:11:20Wow. And yourself, Sabia?
0:11:20 > 0:11:22I'm currently studying to become a legal executive
0:11:22 > 0:11:25and I am specialising in conveyancing.
0:11:25 > 0:11:27Wow. Far too brilliant for me.
0:11:27 > 0:11:31OK, there is an apple tree outside. Apple crumble or apple pie?
0:11:31 > 0:11:34- Apple crumble.- Apple pie.
0:11:34 > 0:11:38- Apple crumble. Good luck.- Thank you. - Good luck.- Thank you.
0:11:38 > 0:11:41Nasreen and Sabia got lucky with their first project,
0:11:41 > 0:11:42but they did break rule number one.
0:11:42 > 0:11:45They didn't view the house first.
0:11:45 > 0:11:48Now, will it be apple pie or will it be apple crumble?
0:11:48 > 0:11:49Oh, and the house. How will they get on?
0:11:49 > 0:11:51You can find out later on in the programme.
0:11:55 > 0:11:57Well, today I am about 50 miles
0:11:57 > 0:12:01south of London in the beautiful seaside city of Brighton.
0:12:01 > 0:12:04Alternatively known as London-on-Sea.
0:12:04 > 0:12:07Now, I'm not quite in the thick of it all here,
0:12:07 > 0:12:11but I'm about 20 minutes from the centre in the Elm Grove area.
0:12:11 > 0:12:15It is ideal for somebody looking for that little Brighton escape.
0:12:16 > 0:12:18# Brighton
0:12:18 > 0:12:21# Brighton
0:12:21 > 0:12:25# All your lights are shining. #
0:12:25 > 0:12:27We are about a 20-minute walk from the beach
0:12:27 > 0:12:30and about a 15-minute walk from Brighton station
0:12:30 > 0:12:33and the property I am here to see is this.
0:12:33 > 0:12:35And it's in amongst this really nice row of terraces.
0:12:35 > 0:12:38It is a one-bedroom flat, apparently with a nice, long lease
0:12:38 > 0:12:42and the guide price, £100,000-plus.
0:12:42 > 0:12:44I like the look of it already.
0:12:48 > 0:12:51So, the first thing you notice walking into this flat is
0:12:51 > 0:12:53the devastation on this wall.
0:12:53 > 0:12:57Unfortunately, there is loads of plaster down here on the wall
0:12:57 > 0:13:00because it is damp. You can really, really smell it.
0:13:00 > 0:13:04And when you look up there as well, there's a huge problem area.
0:13:04 > 0:13:07I'm not sure whether water has been leaking from the above
0:13:07 > 0:13:09or coming in from the exterior wall.
0:13:09 > 0:13:11But whatever, that needs to get sorted.
0:13:11 > 0:13:15So, here we have the one-bedroom property. Oh, hello!
0:13:15 > 0:13:19Don't you love that '80s wallpaper? I think mine was just like that.
0:13:19 > 0:13:22But, mm, there's a sink in the middle of the room that is
0:13:22 > 0:13:25doing absolutely nothing at all, so that has got to go.
0:13:25 > 0:13:28And, again, you've got some flaky paper up there.
0:13:28 > 0:13:30Not sure whether it is another area of damp,
0:13:30 > 0:13:32something I'd like to look into.
0:13:32 > 0:13:34And through here, we've got
0:13:34 > 0:13:36a bit of a useless cupboard with a big water tank.
0:13:36 > 0:13:39That could go to free up some space in there
0:13:39 > 0:13:42and you could perhaps put a combi boiler in the kitchen.
0:13:42 > 0:13:45And a rather small bathroom with only a shower in it.
0:13:45 > 0:13:47That is a really bugbear of mine.
0:13:47 > 0:13:50If you can get a bath in with an overhead shower,
0:13:50 > 0:13:54I think that is what you need to do in a one-bedroom flat.
0:13:54 > 0:13:58And this is the lounge area. Now, it is disappointingly small.
0:13:58 > 0:14:01You don't expect it to be massive with a one-bedroom flat,
0:14:01 > 0:14:05but I am just wondering how we can improve on this space.
0:14:05 > 0:14:07Let's do the wall test.
0:14:07 > 0:14:09- KNOCKING - Yep, nice bit of partitioning.
0:14:09 > 0:14:11You know what I'm going to say, don't you?
0:14:11 > 0:14:15Let's bring that down because through here is the kitchen area.
0:14:15 > 0:14:18It's not fantastic, but when you take this wall away
0:14:18 > 0:14:22and you have a nice bank of shiny, gleaming kitchen units,
0:14:22 > 0:14:24I think that would really add to this space.
0:14:24 > 0:14:27You'll also get more light in from this window.
0:14:27 > 0:14:30So, there is a lot you can do to improve it and I think it
0:14:30 > 0:14:34will be a great place to live, easy to rent and easy to sell on.
0:14:38 > 0:14:40Yes, trust me - the Brighton property market
0:14:40 > 0:14:42is one of the hottest in the country.
0:14:42 > 0:14:45So, although this flat might not look terribly
0:14:45 > 0:14:47appealing at the moment, once renovated,
0:14:47 > 0:14:49you shouldn't have any trouble selling or renting.
0:14:49 > 0:14:51But just in case you don't believe me,
0:14:51 > 0:14:54here is a local property expert to back me up.
0:14:57 > 0:14:59There always seems to be a demand for properties within this
0:14:59 > 0:15:03catchment. It appeals to the young and the old alike.
0:15:03 > 0:15:06We've got the universities just north of us, we've got the mainline
0:15:06 > 0:15:09station just south of us, so if you are working and you want to
0:15:09 > 0:15:11get into London all you want to get into the city, it is great.
0:15:11 > 0:15:14If you are a student, you want to get universities,
0:15:14 > 0:15:15it is absolutely ideal.
0:15:15 > 0:15:18So, it is one of those rental properties that just
0:15:18 > 0:15:20sort of hits all the buttons, really.
0:15:23 > 0:15:26So, it can't be faulted on location.
0:15:26 > 0:15:28But what about the accommodation itself?
0:15:29 > 0:15:32Lots of potential. There is a wealth to do.
0:15:32 > 0:15:35Firstly, I would take this wall out between the lounge
0:15:35 > 0:15:38and the kitchen because it seems to serve no purpose whatsoever.
0:15:38 > 0:15:41Make it a much more social space, much more entertaining.
0:15:41 > 0:15:44Sort of make it into a much more usable room.
0:15:44 > 0:15:46Revamp the bathroom.
0:15:46 > 0:15:48Perhaps make that into a wet room cos that would
0:15:48 > 0:15:50sort of sit quite nicely with the Brighton market.
0:15:50 > 0:15:53And maybe do something with the bedroom, take out the chimney.
0:15:53 > 0:15:55But that is just to increase the size a little bit.
0:15:57 > 0:16:00With a guide price of £100,000-plus,
0:16:00 > 0:16:04I'm wondering how much extra value could be added to this flat.
0:16:04 > 0:16:06What could it sell for?
0:16:06 > 0:16:11Sales-wise, probably something between £175,000 and £185,000.
0:16:15 > 0:16:16And what about rental value?
0:16:18 > 0:16:20You are probably looking at something around
0:16:20 > 0:16:25£750 per calendar month up to about £800 per calendar month.
0:16:25 > 0:16:29Well, once the damp gets sorted and the layout gets tweaked,
0:16:29 > 0:16:33I think this one-bedder could have all the ingredients
0:16:33 > 0:16:35to BRIGHTEN somebody's life up.
0:16:35 > 0:16:38Let's go to auction and find out.
0:16:38 > 0:16:42First lot, self-contained flat. A lot of interest in this one.
0:16:42 > 0:16:45Where do you want to start me? Shall we say 90?
0:16:45 > 0:16:4990,000 opening bid. Yes, thank you. Opening bid of £90,000.
0:16:49 > 0:16:5192 anywhere now? 92.
0:16:51 > 0:16:56I'll take 94, 96, 98. 100,000.
0:16:56 > 0:16:58Brighton's popularity was evident at this auction,
0:16:58 > 0:17:01with bids flying in from all corners of the room.
0:17:01 > 0:17:04The price crept up steadily.
0:17:04 > 0:17:08We join the bidding at £140,000.
0:17:08 > 0:17:13140. 142. 144.
0:17:13 > 0:17:16No? I'll try and help you, 143. I will take 1,000.
0:17:16 > 0:17:19143, thank you. 144. No?
0:17:19 > 0:17:20Sure?
0:17:20 > 0:17:22It's at £143,000 straight ahead of me.
0:17:22 > 0:17:26144 anywhere else? Are we all done on this one? 144 new place.
0:17:26 > 0:17:28Standing next to you. 145?
0:17:28 > 0:17:32You can almost punch him. 145. 146.
0:17:33 > 0:17:38146, sir? 146. 147. 147, 148.
0:17:39 > 0:17:44148? Otherwise at 147. 148, 149.
0:17:44 > 0:17:48Sure? It is currently at £148,000. Another 1,000?
0:17:49 > 0:17:54Sure? We are all done at £148,000 with you, sir, then for the first...
0:17:54 > 0:17:58Give you a last chance. 148 then for the second.
0:17:58 > 0:18:01149 in the new place in the aisle. Try not to leave it so late.
0:18:01 > 0:18:02150 now.
0:18:02 > 0:18:05Round it up. Thank you, 150. 151.
0:18:05 > 0:18:09Sure? Standing then at £150,000.
0:18:09 > 0:18:11Got to be quick then for the first...
0:18:11 > 0:18:15£150,000 standing up then for the second...
0:18:15 > 0:18:20Third and final time at £150,000. Are we all done?
0:18:20 > 0:18:21Sold.
0:18:23 > 0:18:26# I want the whole world to celebrate. #
0:18:26 > 0:18:30Well, that final bid of £150,000 was made by David,
0:18:30 > 0:18:33who owns a local buy-to-let property business.
0:18:34 > 0:18:37This purchase took his total number of properties to 21.
0:18:37 > 0:18:41So it is quite appropriate he should get the keys to the door.
0:18:41 > 0:18:44I met David and his builder Sean back at the flat
0:18:44 > 0:18:46to share in the celebrations.
0:18:48 > 0:18:50David and Sean, congratulations.
0:18:50 > 0:18:53Now, David, you have actually bought this property, haven't you?
0:18:53 > 0:18:55- That's right.- You went to the auction?- Yeah, I did.
0:18:55 > 0:18:58- What was that like for you?- It was pretty cool. I've been to a few
0:18:58 > 0:19:01- before. It was the first one I've bid successfully on.- Yeah?- Yeah.
0:19:01 > 0:19:04- What sort of a price to do put in your mind that you'd pay?- 150.
0:19:04 > 0:19:05And that is what it came in as.
0:19:05 > 0:19:09I only kind of started bidding at the last minute.
0:19:09 > 0:19:12I didn't want to raise up the price so I went to the back,
0:19:12 > 0:19:15saw what was happening, and then I just sort of bid at the end.
0:19:15 > 0:19:17Is that your special auction tactic?
0:19:17 > 0:19:19You thought, "I'm not going to get involved too early,
0:19:19 > 0:19:22"I'll just sit back, hold tight and just pop one in at the end."
0:19:22 > 0:19:23That is what I did, yeah.
0:19:23 > 0:19:26- So, were you happy when the hammer went down?- Yeah, I was.
0:19:26 > 0:19:29I was a bit surprised as well cos I thought it would keep going.
0:19:29 > 0:19:33But I was quite happy that it did settle at my exit price.
0:19:33 > 0:19:36So, do you think you can add a certain amount of value to
0:19:36 > 0:19:39- this property?- Yeah, I hope so. We have got a few ideas.
0:19:39 > 0:19:42We'll stretch it out, make it a bit better.
0:19:42 > 0:19:43I mean, working on some finishes.
0:19:43 > 0:19:46And that is where our lovely man Sean comes in.
0:19:46 > 0:19:48Now, how do you guys know each other
0:19:48 > 0:19:50and what is Sean going to be doing with this project?
0:19:50 > 0:19:53I've worked with Sean on a few of my projects.
0:19:53 > 0:19:57He is a great tradesperson. He can bring in the technical expertise.
0:19:57 > 0:20:01He kind of puts my ideas into practice. That's where he comes in.
0:20:01 > 0:20:04Well, anybody with a pencil behind their ear I trust straightaway.
0:20:04 > 0:20:06So, Sean, I am loving your work.
0:20:06 > 0:20:10So, tell me what you see or what you think you can do to add value
0:20:10 > 0:20:12to this place. Or just to make it better,
0:20:12 > 0:20:14- cos it just doesn't have a great flow at the moment, does it?- No.
0:20:14 > 0:20:17I mean, generally, it wants obviously decorating.
0:20:17 > 0:20:19There is some plaster work to be done.
0:20:19 > 0:20:22We're going to take this wall out up to this high
0:20:22 > 0:20:26and open up the kitchen, bring it in so it is more of a kitchen-diner.
0:20:26 > 0:20:30And just generally, you know, make it look and feel a lot better.
0:20:30 > 0:20:33- Whose idea was that, then?- Mine. - That was your idea.- Yeah.
0:20:33 > 0:20:36- But you just get to do it. - THEY LAUGH
0:20:38 > 0:20:42I doubt Sean will be phased by anything he has to tackle in here.
0:20:42 > 0:20:44But what about in the stairwell?
0:20:44 > 0:20:46That damp could be caused by any number of things
0:20:46 > 0:20:48and it looks quite bad to me.
0:20:49 > 0:20:51Tell me about the damp problem, Sean.
0:20:51 > 0:20:54I know you're not an expert, but are you worried about that,
0:20:54 > 0:20:55and what do you think it is?
0:20:55 > 0:20:58I've yet to have a look outside, see if there's any problems outside.
0:20:58 > 0:21:01But hopefully we can treat it, plaster and make it look good.
0:21:01 > 0:21:03And then paint it.
0:21:03 > 0:21:05Hopefully it should be, you know,
0:21:05 > 0:21:09look a lot more welcoming to coming in, initially.
0:21:09 > 0:21:11So, how long is it going to take you, do you think,
0:21:11 > 0:21:14to get this place in tiptop condition ready for the market?
0:21:14 > 0:21:16It is probably a week, week and a half, probably.
0:21:16 > 0:21:19One week and a half? Right, give us that pencil.
0:21:19 > 0:21:22- Give us that pencil. Can I write on your wall?- Yeah, go for it.
0:21:22 > 0:21:26One week and a half.
0:21:26 > 0:21:29That is what I want to work towards, OK? It's on the wall.
0:21:29 > 0:21:32- You have got a week and a half to do this.- Thank you very much.
0:21:32 > 0:21:33- That is a challenge.- Right.
0:21:33 > 0:21:35- Shouldn't have said that! - ALL LAUGH
0:21:35 > 0:21:37What sort of budget have you got?
0:21:37 > 0:21:41It depends on what contingencies we hit, really. If...
0:21:41 > 0:21:44Basically it is about £3,000. If we've got put in a new boiler,
0:21:44 > 0:21:46it will go up to £4,000.
0:21:46 > 0:21:47And what are your plans?
0:21:47 > 0:21:49I mean, do you want to sell this as quick as you can or do you
0:21:49 > 0:21:51want to let it out?
0:21:51 > 0:21:54We'll probably do buy-to-let for two years and then we will flip it
0:21:54 > 0:21:57and do some more finishes on it just to flip it.
0:21:57 > 0:21:59Do you think one-bedroom flats
0:21:59 > 0:22:01are hard to come by in the Brighton area?
0:22:01 > 0:22:03I mean, was this a bit of a steal even to find
0:22:03 > 0:22:06- one of these at auction?- Yeah. There is not much supply at the moment.
0:22:06 > 0:22:10Everyone is chasing these kind of properties,
0:22:10 > 0:22:14so for the amount it costs to do it up, it's, you know, cost effective.
0:22:14 > 0:22:17Well, guys, I am really excited. I've set you the challenge.
0:22:17 > 0:22:19One week and a half, £4,000.
0:22:19 > 0:22:21- You got it. - Can't wait to see it!- OK.
0:22:21 > 0:22:24- Lovely to meet you, David. - Nice to meet you.- Sean, thank you.
0:22:24 > 0:22:26Congratulations.
0:22:26 > 0:22:29Properties like this are quite difficult to come by in Brighton,
0:22:29 > 0:22:32so David has done really well to get it.
0:22:32 > 0:22:34A week and a half, £4,000 budget,
0:22:34 > 0:22:37a tin of magnolia and Sean.
0:22:37 > 0:22:41The writing really is on the wall. Or is it?
0:22:41 > 0:22:44You can find out how the boys get on later in the programme.
0:22:45 > 0:22:49- MARTIN:- Still to come, in Derby, I talk to the animals.
0:22:49 > 0:22:52Pretty much what you... Shush! ..expect.
0:22:52 > 0:22:54- It did... - DOG BARKS
0:22:54 > 0:22:55It did as well for a second.
0:22:57 > 0:23:00And never mind Dolittle, in Brighton we find out
0:23:00 > 0:23:03if David managed to do much in that week and a half.
0:23:12 > 0:23:14Our next stop is Chingford,
0:23:14 > 0:23:17where earlier I visited this three-bed semidetached house.
0:23:19 > 0:23:23It was brought to auction at a guide price of £250,000-plus.
0:23:26 > 0:23:29The whole house needed modernizing, new kitchen, new bathroom
0:23:29 > 0:23:31and perhaps new stairs.
0:23:33 > 0:23:35But aside from the smallish bedrooms, there was
0:23:35 > 0:23:37nothing really that was setting alarm bells ringing.
0:23:37 > 0:23:39In fact, I quite liked it.
0:23:40 > 0:23:42You've got two big windows either end,
0:23:42 > 0:23:44so lots of light coming in here.
0:23:44 > 0:23:45Not too bad so far.
0:23:46 > 0:23:49Best of all, in the back garden I found a fruit machine.
0:23:49 > 0:23:51Well, sort of.
0:23:52 > 0:23:54Apple crumble, apple pie - it is your choice.
0:23:54 > 0:23:56My choice is always apple crumble.
0:23:59 > 0:24:02This tasty property dish was bought by sisters Sabia
0:24:02 > 0:24:05and Nasreen for £280,000.
0:24:05 > 0:24:08Their plan was to renovate and then put it on to the rental market.
0:24:10 > 0:24:12It sounded like the whole family would be lending a hand.
0:24:14 > 0:24:16It was all of us brothers and sisters that wanted to get
0:24:16 > 0:24:19involved in the property market, follow with my dad has been doing.
0:24:22 > 0:24:26With a timescale of three months and a budget of in between £15,000
0:24:26 > 0:24:30and £20,000, would this turn out to be a straightforward renovation?
0:24:30 > 0:24:33Well, eight months later, we are back to find out.
0:24:40 > 0:24:44Hang on - an attic extension wasn't in the original plan!
0:24:44 > 0:24:46What prompted that decision?
0:24:46 > 0:24:47Ladies, tell me more.
0:24:48 > 0:24:51The idea of it was at the back of our minds
0:24:51 > 0:24:54but when the builders were doing the work, we just thought,
0:24:54 > 0:24:57"Well, it is a messy job anyway renovating the house,
0:24:57 > 0:25:00"so we might as well just get the loft done."
0:25:05 > 0:25:08And with two brand-new bedrooms plus a shower room,
0:25:08 > 0:25:12what was a three-bed house should nearly now have five.
0:25:12 > 0:25:15But there are only four and therein lies the tale.
0:25:19 > 0:25:23# Well, we know where we are going
0:25:23 > 0:25:27# But we don't know where we have been... #
0:25:27 > 0:25:31Extending upwards meant that the new staircase had to be added.
0:25:31 > 0:25:34To make space for this, the bathroom was moved into the boxroom.
0:25:34 > 0:25:37However, all was not as it seemed.
0:25:38 > 0:25:41# We're on a road to nowhere... #
0:25:41 > 0:25:44We got our builder to inspect the house to see what work needed
0:25:44 > 0:25:47to be done. And then he felt like there wasn't something
0:25:47 > 0:25:49right about the bathroom.
0:25:49 > 0:25:52So, he wanted to check the piping connections, so when he removed the
0:25:52 > 0:25:55sink, first of all, he noticed that it wasn't connected to anything.
0:25:55 > 0:25:58There was just a hole at the back.
0:25:58 > 0:26:00And then he took off the bathtub
0:26:00 > 0:26:03and then he noticed that, again, it wasn't connected to anything.
0:26:03 > 0:26:07So the room which was just in front of the stairs, he removed
0:26:07 > 0:26:10the flooring and then he saw that all the connections were there.
0:26:10 > 0:26:12So that's where the bathroom should have been.
0:26:12 > 0:26:15# We're on a road to nowhere... #
0:26:15 > 0:26:16I guess the lesson here is -
0:26:16 > 0:26:20don't always assume the plumbing has gone where you'll expect.
0:26:20 > 0:26:24# We are on a road to nowhere. #
0:26:27 > 0:26:29After all the excitement upstairs,
0:26:29 > 0:26:32the ground-floor layout remains pretty much as it was.
0:26:32 > 0:26:35Except the girls have filled in the gap
0:26:35 > 0:26:37and created two separate reception rooms.
0:26:37 > 0:26:39This is a far more sensible use of space.
0:26:43 > 0:26:46The kitchen has been completely modernized,
0:26:46 > 0:26:50but they decided against opening up the wall to create the kitchen-diner.
0:26:51 > 0:26:54But I'm glad to say they have closed off the open-tread staircase.
0:26:54 > 0:26:55That is much safer.
0:26:59 > 0:27:02Changes in the back garden too, with a brand-new outhouse sitting
0:27:02 > 0:27:05exactly where the apple tree used to be.
0:27:05 > 0:27:06Girls, what have you done?
0:27:09 > 0:27:11The apple tree is no more.
0:27:11 > 0:27:12My mum was upset by it.
0:27:16 > 0:27:19The apple tree has been axed and I can't believe it.
0:27:19 > 0:27:23And I can't quite believe what a great job has been done here.
0:27:25 > 0:27:29Obviously, the original £15-20,000 budget hadn't
0:27:29 > 0:27:33allowed for the attic extension, so how much did they spend?
0:27:34 > 0:27:38With the loft, in total, it came up to just over £52,000.
0:27:40 > 0:27:43We all know an apple a day keeps the doctor away.
0:27:43 > 0:27:47But you may not know the best way of attracting estate agents is to
0:27:47 > 0:27:49build a loft extension and then invite them
0:27:49 > 0:27:51along to give your property valuation.
0:27:54 > 0:27:57The property has been developed to a high standard,
0:27:57 > 0:28:00and what they have done with the loft conversion is brilliant.
0:28:00 > 0:28:04It is a good idea and it got extra room, obviously, as bedrooms.
0:28:04 > 0:28:07And the shower room is brilliant, so, yeah.
0:28:07 > 0:28:10The separation of the front room and the backroom is not a bad idea
0:28:10 > 0:28:13because you can have a separate room if you've got a family with young
0:28:13 > 0:28:18children and you can have your own space for yourself as well, so, yes.
0:28:18 > 0:28:21I think the house is brilliant. It is a really nice home.
0:28:21 > 0:28:26It's warm, it's big, it's nicely refurbished.
0:28:26 > 0:28:27So, I really like the house.
0:28:30 > 0:28:33And so to values, is there a ka-ching to be heard in Chingford?
0:28:36 > 0:28:43This property could rent in between £1,700 to £1,800 per calendar month.
0:28:43 > 0:28:47I think this property would rent for £1,700 or £1,800
0:28:47 > 0:28:49per calendar month.
0:28:49 > 0:28:53That is round about what I was thinking to begin with anyway.
0:28:53 > 0:28:54So that is good.
0:28:57 > 0:29:03Having spent a total of £332,000 on the purchase and renovation,
0:29:03 > 0:29:06if they were to rent the house for £1,800 per calendar month,
0:29:06 > 0:29:10it would generate a yield of around 6.5%.
0:29:10 > 0:29:12What about sales?
0:29:12 > 0:29:16This property, as it is, as a four-bedroom house,
0:29:16 > 0:29:22can sell in between £410,000 to £413,000.
0:29:22 > 0:29:27I think the property would actually sell for £430,000 to £440,000.
0:29:27 > 0:29:28That is really good.
0:29:28 > 0:29:32I didn't really expect it to be that high, but that is very good.
0:29:32 > 0:29:34It is really good, yeah. Surprised.
0:29:37 > 0:29:41Hmm, if they manage to sell the house for £440,000,
0:29:41 > 0:29:45they would earn a pre-tax profit of £108,000.
0:29:45 > 0:29:49So it looks like the girls and their siblings have a decision to make.
0:29:50 > 0:29:54In terms of selling, it is a good idea,
0:29:54 > 0:29:57but again, I have to speak to everyone to see what they think.
0:29:57 > 0:29:59I'll maybe sell later on.
0:29:59 > 0:30:02I think we are going to take a little break for a while
0:30:02 > 0:30:05and see how things go just with this property in terms of renting
0:30:05 > 0:30:08and then we will think about what the future holds.
0:30:11 > 0:30:14- MARTIN:- Today, I'm just south of Derby city centre
0:30:14 > 0:30:16in the suburb of Normanton.
0:30:16 > 0:30:20It is a mainly residential area with a diverse ethnic population.
0:30:20 > 0:30:23Normanton even gets a mention in the Domesday Book
0:30:23 > 0:30:26when the settlement was known as Normanstune.
0:30:33 > 0:30:37So, this is Normanton, about a mile and a half from Derby city centre.
0:30:37 > 0:30:41I'm here to see a very traditional mid terrace.
0:30:41 > 0:30:45Guide price £75,000-plus, three bedrooms, let's have a look.
0:30:48 > 0:30:50Oh, that is nice.
0:30:50 > 0:30:53The moment you walk through that front door to be
0:30:53 > 0:30:57greeted by this beautiful bit of ceramic tile work.
0:30:57 > 0:30:58Absolutely gorgeous.
0:30:58 > 0:31:01I wonder if there's any other bits of original old stuff
0:31:01 > 0:31:02that we can find.
0:31:02 > 0:31:06Well, hopefully so cos actually some of these houses in Derby were
0:31:06 > 0:31:08actually quite grand in their day.
0:31:08 > 0:31:13And so you might just find a few little indications of that.
0:31:13 > 0:31:16Little corridor there through into your main living areas.
0:31:16 > 0:31:18A front sitting room here,
0:31:18 > 0:31:23and then linking the rear sitting room with our front sitting room...
0:31:26 > 0:31:27Eh...
0:31:27 > 0:31:29HE SIGHS
0:31:29 > 0:31:33What on earth were they thinking? Anyway, into the rear sitting room.
0:31:33 > 0:31:37A very old-looking gas fire, probably can get that replaced.
0:31:37 > 0:31:38(I still can't believe that.)
0:31:38 > 0:31:39That is actually a first.
0:31:39 > 0:31:43I've never seen a sliding patio door in the middle of a room like that.
0:31:43 > 0:31:44That is brilliant.
0:31:44 > 0:31:47But as you head into the property, you find this, which kind of
0:31:47 > 0:31:52helps the whole place redeem itself, a really nice-sized kitchen.
0:31:52 > 0:31:53How about this?
0:31:53 > 0:31:57You can imagine this being, you know, done out nicely,
0:31:57 > 0:31:59place for maybe a sofa there or a telly.
0:31:59 > 0:32:03A real living environment. Yeah. OK.
0:32:03 > 0:32:06That weirdness in there aside, I like it.
0:32:08 > 0:32:11This house certainly has a lot going for it so far.
0:32:11 > 0:32:14Really well proportioned rooms, and on first look,
0:32:14 > 0:32:17not much work needing to be done.
0:32:17 > 0:32:19But hands up if anyone in Derby would like to buy
0:32:19 > 0:32:22some second-hand patio doors, because otherwise,
0:32:22 > 0:32:24these boys will be ending up in a skip.
0:32:27 > 0:32:30# I can't go for that, no
0:32:30 > 0:32:32# No, no can do
0:32:32 > 0:32:34# I can't go for that, no. #
0:32:36 > 0:32:38Well, at the rear of the property,
0:32:38 > 0:32:41the actual garden itself is quite pleasant. It goes to the back there.
0:32:41 > 0:32:44Looks like there's some sort of access. Not big enough to get
0:32:44 > 0:32:46a car in, which is a bit disappointing.
0:32:46 > 0:32:49From the back here, roof looks in reasonable condition.
0:32:49 > 0:32:51- DOG BARKS - The extension...
0:32:51 > 0:32:55Yeah, all in all, it is pretty much what you... Shush! ..expect.
0:32:55 > 0:32:57It did...it did as well for a second.
0:32:57 > 0:32:59HE LAUGHS
0:32:59 > 0:33:03# Ain't no big dog coming to bite you... #
0:33:06 > 0:33:09There are a few other bones of contention out in the back.
0:33:09 > 0:33:13That shed, or what is left of it, doesn't look particularly solid
0:33:13 > 0:33:16and I can think of a better location for a bathroom sink.
0:33:16 > 0:33:20But if you can't see the potential in this place, you must be barking.
0:33:23 > 0:33:27So, upstairs, three good-sized bedrooms and a bathroom.
0:33:27 > 0:33:31Everything you could want. In fact, this house is just...
0:33:31 > 0:33:34It is spot on for what it is.
0:33:34 > 0:33:37And whenever I see houses like this in the North,
0:33:37 > 0:33:41Derby here for instance, it just really highlights that whole
0:33:41 > 0:33:45North-South divide which still very much exists in property prices.
0:33:45 > 0:33:47I mean, £75,000 for this.
0:33:47 > 0:33:49A similar house for this in the South East,
0:33:49 > 0:33:55you are going to be paying, I don't know, 500... £550,000, £600,000 for.
0:33:55 > 0:33:58Seven times as much.
0:33:58 > 0:34:01And in central London, I mean, the mind boggles.
0:34:01 > 0:34:05What, 1.5, maybe £1.8 million.
0:34:05 > 0:34:09So, based on doing this whole property investment thing
0:34:09 > 0:34:13for yield, as in how much are you going to get from rental
0:34:13 > 0:34:17compared to what you have to pay, £75,000 is going to rent for, what?
0:34:17 > 0:34:20£500, £550 a month.
0:34:20 > 0:34:24Yeah, £1.8 million property in London is going to have to rent out
0:34:24 > 0:34:26to get the same yield at around...
0:34:28 > 0:34:33£13,000 a month rent.
0:34:33 > 0:34:36You're not going to get that, are you?
0:34:36 > 0:34:38Just food...food for thought.
0:34:42 > 0:34:44While you chew that one over,
0:34:44 > 0:34:47we asked the agent from the auction house who sold it to feast
0:34:47 > 0:34:51his eyes on what I think could be a pretty mouthwatering opportunity.
0:34:53 > 0:34:56My first impressions of the property is, actually, it is quite good.
0:34:56 > 0:34:59It's got two large interconnected living rooms, you've got
0:34:59 > 0:35:03a sizable kitchen, three good bedrooms and a bathroom upstairs.
0:35:03 > 0:35:07These were good family houses and they were very much in demand
0:35:07 > 0:35:11by owner-occupiers turning the clock back quite a long way.
0:35:11 > 0:35:14But from a rental point of view, they are good and there isn't really
0:35:14 > 0:35:17a lot that you need to do to this place to be able to rent it out.
0:35:18 > 0:35:22And what would be his valuation for this three-bed terraced house?
0:35:23 > 0:35:26Once brought up to a good standard,
0:35:26 > 0:35:29this will have a value of about £95,000.
0:35:29 > 0:35:30In terms of the rental market,
0:35:30 > 0:35:33you are looking at £550 per calendar month.
0:35:35 > 0:35:38So, a bit of updating and renovating required, but intrinsically,
0:35:38 > 0:35:42nothing too much wrong with this one. Yeah. A good solid property.
0:35:42 > 0:35:44Let's see who agreed when it went under the hammer.
0:35:46 > 0:35:47We are on lot number three,
0:35:47 > 0:35:50large passaged house with three double bedrooms.
0:35:50 > 0:35:54Start me where you are with this one. May I say 75 for this? 75,000?
0:35:54 > 0:35:5775, start me at 72.
0:35:57 > 0:36:0072,000, who has got 70 to kick it off?
0:36:00 > 0:36:0370,000? Thank you. 70 I have.
0:36:03 > 0:36:0771 is bid. At 71,000. 71, 72.
0:36:07 > 0:36:11At 72,000. 73, 74.
0:36:11 > 0:36:14At 74,000. And five.
0:36:14 > 0:36:1875. 75 on my right. 76, quickly.
0:36:18 > 0:36:21At £75,000, one more.
0:36:21 > 0:36:25At 75,000 for the first time.
0:36:25 > 0:36:28At £75,000 for the second time.
0:36:28 > 0:36:30Third opportunity, all done.
0:36:30 > 0:36:35Got you at 76. At 76. 77. 77.
0:36:35 > 0:36:4077,000. 78. 78 is bid.
0:36:40 > 0:36:44500. 78.5. 79.
0:36:44 > 0:36:4879. At 79. One more?
0:36:48 > 0:36:51Against you at 79. 500.
0:36:51 > 0:36:5379.5. 80.
0:36:53 > 0:36:55It's worth another shot.
0:36:55 > 0:36:58£79,500. All done?
0:36:59 > 0:37:02For the first time at 79,500.
0:37:02 > 0:37:06Second time at 79,500. It is against you, no mistakes.
0:37:06 > 0:37:09Third opportunity at £79,500.
0:37:11 > 0:37:14That is very near to where I can sell it, but not quite.
0:37:14 > 0:37:17I am withdrawing it at 79,500.
0:37:17 > 0:37:20I can sell it to you at 80,000, madam.
0:37:20 > 0:37:21That is my minimum figure.
0:37:22 > 0:37:25Yes? No? No, OK.
0:37:28 > 0:37:32It was Rosie that turned down the auctioneer's final offer.
0:37:32 > 0:37:34But after some behind-the-scenes haggling,
0:37:34 > 0:37:39she managed to seal the deal for £79,000.
0:37:39 > 0:37:42Rosie and her husband Conrad own several buy-to-let properties
0:37:42 > 0:37:46and I met up with them back at the house to chat about their plans.
0:37:49 > 0:37:51- Rosie, Conrad, good to meet you both.- Good to meet you.
0:37:51 > 0:37:55Congratulations. Tell me why you wanted to buy this house.
0:37:55 > 0:37:59Basically because it seemed to be a perfectly nice house,
0:37:59 > 0:38:02in a respectable locality.
0:38:02 > 0:38:05And basically, who can go wrong with a three-bedroomed
0:38:05 > 0:38:07Edwardian/Victorian house?
0:38:07 > 0:38:11It's lovely. Have you invested in this area a lot?
0:38:11 > 0:38:12Not in this area a lot.
0:38:12 > 0:38:15We've got odd hotchpotches around the place
0:38:15 > 0:38:19from the southwest to the southeast to Derbyshire.
0:38:19 > 0:38:23But I have the sin of being a supporter of the local
0:38:23 > 0:38:24- football team.- Oh, well done.
0:38:24 > 0:38:27It is my ex locality, so that is the other reason
0:38:27 > 0:38:29we have sort of come back and pondered around here.
0:38:29 > 0:38:31Right. So it this just going to be a pad
0:38:31 > 0:38:33that you can use for match days or what?
0:38:33 > 0:38:35I pondered that but it actually has to earn some money.
0:38:35 > 0:38:37THEY LAUGH
0:38:39 > 0:38:42So, it is not going to be a match day crash pad then.
0:38:42 > 0:38:44But what is it for?
0:38:45 > 0:38:51So, it is either going to be a tart up or titivate for a rental
0:38:51 > 0:38:54or something a little bit more substantial.
0:38:54 > 0:38:57If we want to, perhaps, fulfil its potential.
0:38:59 > 0:39:04Rosie works in finance and Conrad has his own surveying practice.
0:39:04 > 0:39:07Being a surveyor, you would be forgiven for thinking that
0:39:07 > 0:39:11Conrad would have had a good look at this property before the auction.
0:39:12 > 0:39:16I didn't even see it before she bid and bought it.
0:39:16 > 0:39:18- So that is trust for you, eh? - That is trust.
0:39:18 > 0:39:21But you have got all the expertise you need.
0:39:21 > 0:39:23Surely you've got to wheel him in and...
0:39:23 > 0:39:26No, because we have done it often enough, so, you know...
0:39:26 > 0:39:29He says what you've got to watch out for is the roof,
0:39:29 > 0:39:30and this, that and the other.
0:39:30 > 0:39:34But one thing I have got wrong here is that we've
0:39:34 > 0:39:36- got trees in the garden.- Ah.
0:39:36 > 0:39:38And trees in the garden, we are learning,
0:39:38 > 0:39:41are actually quite often quite a big issue.
0:39:41 > 0:39:45So I've got to remember next time round to think about the trees.
0:39:45 > 0:39:49So, how does it work between you two then as a property team?
0:39:49 > 0:39:53Are you the finder and you are the...? I mean, how does it work?
0:39:53 > 0:39:56That tends to be how it has worked out.
0:39:56 > 0:39:59That I find them and because, on the whole, the ones that...
0:39:59 > 0:40:02Yes, I'm the dogsbody.
0:40:02 > 0:40:03Very definitely the dogsbody.
0:40:03 > 0:40:07But I'm just intrigued you've got this amazing resource there
0:40:07 > 0:40:10and you didn't bring him in to see it beforehand.
0:40:10 > 0:40:12- It's not necessary. - What you mean it is not necessary?
0:40:12 > 0:40:14Not necessary. When you're looking at a house,
0:40:14 > 0:40:16she knows what to look at.
0:40:16 > 0:40:20Look, there's a crack in the wall upstairs. OK? Erm...
0:40:20 > 0:40:22But that is not going to be a problem.
0:40:22 > 0:40:25But how do you know it is not going to be a problem?
0:40:25 > 0:40:28Because I've typed up enough of his survey reports that
0:40:28 > 0:40:32I am pretty clear on what is a problem, what hairline cracks we
0:40:32 > 0:40:35have to worry about, which are vertical and which are horizontal
0:40:35 > 0:40:39or whatever. In fact, the other day he asked me about something and I
0:40:39 > 0:40:41said, "Well, it was probably a garage."
0:40:41 > 0:40:44And the whole survey report went on an analysis of what I suggested.
0:40:44 > 0:40:45Really?
0:40:45 > 0:40:48- So, it is...- She does have her uses. - Yeah, I'm sure she does.
0:40:48 > 0:40:51Tell me what you're going to do then to sort it out.
0:40:51 > 0:40:54- Refurb the kitchen.- It's a big space, the kitchen, isn't it?
0:40:54 > 0:40:56It is a very big space, yeah.
0:40:56 > 0:40:59We've got a debate going on because there's actually an outside loo.
0:40:59 > 0:41:03We're trying to determine whether we actually just nick a bit more
0:41:03 > 0:41:05of the kitchen, turn the outside loo into an inside loo,
0:41:05 > 0:41:07which is always useful to have one downstairs.
0:41:07 > 0:41:11And it has only got a small bathroom upstairs and the room
0:41:11 > 0:41:15up at the front is large enough to put in a shower and an en-suite.
0:41:15 > 0:41:17So, what is the budget?
0:41:17 > 0:41:20- About 10% of cost.- 10% of cost?
0:41:20 > 0:41:21Well, that is roughly what...
0:41:21 > 0:41:23You shouldn't be spending too much more than that.
0:41:23 > 0:41:26Really? Is that another rule of thumb?
0:41:26 > 0:41:31Erm... We've been caught on things not playing by that rule of thumb.
0:41:31 > 0:41:35- Because otherwise you are dependent on a market going up.- Right.
0:41:35 > 0:41:37And the market here is reasonable
0:41:37 > 0:41:39but it is not going to go shooting up.
0:41:39 > 0:41:42And you find that people are literally buying buy-to-lets
0:41:42 > 0:41:44on the basis that capital value isn't going up.
0:41:44 > 0:41:47You realise that things are beginning to look
0:41:47 > 0:41:49a little bit suspect, so you don't want to pay too much.
0:41:49 > 0:41:52We are not going to get too much more by way of rental
0:41:52 > 0:41:55if we spruce it up too much, but just balance the books.
0:41:55 > 0:41:56OK.
0:41:56 > 0:41:59And what is the timescale for sorting it out?
0:41:59 > 0:42:02Well, I said three months and he said, no, two months.
0:42:02 > 0:42:04- But I think judging by what we've... - Three months.
0:42:04 > 0:42:06He is now agreeing with me, three months.
0:42:06 > 0:42:08MARTIN LAUGHS
0:42:08 > 0:42:10- Well, listen, congratulations. - BOTH:- Thank you.
0:42:10 > 0:42:11- Good luck with it.- Thank you.
0:42:11 > 0:42:14We look forward to seeing how you get on.
0:42:14 > 0:42:17Well, Rosie and Conrad obviously having great experience
0:42:17 > 0:42:20when it comes to properties and the world of surveying, for sure.
0:42:20 > 0:42:23Though it would actually make perfect sense for Conrad
0:42:23 > 0:42:26to have a look round them before they actually buy them.
0:42:26 > 0:42:29I like the plans they've got for this house.
0:42:29 > 0:42:31It is already nice, I think it is going to
0:42:31 > 0:42:33be really impressive when we come back.
0:42:33 > 0:42:36You can see how it turns out later in the show.
0:42:40 > 0:42:42You've seen what one of our buyers has been up to,
0:42:42 > 0:42:45- but what about the other two? - Yes, did it all go to plan?
0:42:45 > 0:42:49- Cos we know, ahem, it's not always the case.- That is true, Martin.
0:42:49 > 0:42:50Let's find out how they got on.
0:42:52 > 0:42:55We're back at the seaside in Brighton, East Sussex.
0:42:55 > 0:42:58A town were thrills and spills are practically guaranteed.
0:43:02 > 0:43:04Away from the excitement of the seafront
0:43:04 > 0:43:07and in much need of a bit of pizzazz
0:43:07 > 0:43:09was this modest one-bed flat
0:43:09 > 0:43:11with a guide price of £100,000-plus.
0:43:14 > 0:43:18Although limited in size, there was scope to change the layout.
0:43:19 > 0:43:21Let's do the wall test.
0:43:21 > 0:43:23Yep, nice bit of partitioning.
0:43:23 > 0:43:24You know what I'm going to say, don't you?
0:43:24 > 0:43:28Let's bring that down because through here is the kitchen area.
0:43:28 > 0:43:31It is not fantastic but when you take this wall away
0:43:31 > 0:43:35and you have a nice bank of shiny, gleaming kitchen units,
0:43:35 > 0:43:38I think that would really add to this space.
0:43:38 > 0:43:40Where do you want to start me? Should we say 90?
0:43:40 > 0:43:42After a ding-dong of an auction,
0:43:42 > 0:43:45it was David that emerged victorious, paying
0:43:45 > 0:43:51£150,000 for what was his 21st property in the buy-to-let market.
0:43:51 > 0:43:53Together with handyman Sean,
0:43:53 > 0:43:55they weren't in the mood to take their time.
0:43:55 > 0:43:57So, how long is it going to take you, do you think?
0:43:57 > 0:43:59Probably a week, week and a half.
0:43:59 > 0:44:02All right, give us that pencil. Give us that pencil.
0:44:02 > 0:44:04- Can I write on your wall? - Yeah, go for it.
0:44:04 > 0:44:08One week and a half.
0:44:08 > 0:44:10- You've got a week and a half to do this.- Thank you.
0:44:10 > 0:44:11- That is a challenge.- Right.
0:44:13 > 0:44:15# You've got to beat the clock
0:44:15 > 0:44:17# You've got to beat the clock
0:44:17 > 0:44:20# You've got to beat the clock... #
0:44:20 > 0:44:22So, the challenge was set - one week and a half
0:44:22 > 0:44:25and a maximum budget of £4,000.
0:44:25 > 0:44:26Ohh, the tension!
0:44:28 > 0:44:30# You've got to beat the clock. #
0:44:33 > 0:44:35Four weeks later, the cameras are back,
0:44:35 > 0:44:38not only to see what David and Sean have done to the flat
0:44:38 > 0:44:41but to hear if they managed to keep to the bargain.
0:44:41 > 0:44:42Time to reveal all.
0:44:50 > 0:44:54Now, isn't it funny how removing a small wall can make such
0:44:54 > 0:44:55a difference to a room?
0:44:55 > 0:44:59With light flooding in from both windows and the fresh decor
0:44:59 > 0:45:03and new tiling, you'd be forgiven for thinking this was a new kitchen.
0:45:03 > 0:45:05Well, with a tight budget,
0:45:05 > 0:45:08David wasn't going to fritter away cash unnecessarily.
0:45:11 > 0:45:13We've retained all these cabinets because, you know,
0:45:13 > 0:45:15they are OK for letting.
0:45:15 > 0:45:20We've put in oak worktops and we've put in an oven
0:45:20 > 0:45:24and a fridge as well as we've put in a lino floor,
0:45:24 > 0:45:27which is a wood effect.
0:45:27 > 0:45:30And the main sort of feature of this area
0:45:30 > 0:45:33is the worktop kitchen/breakfast bar.
0:45:33 > 0:45:37A similar economic strategy has been employed in the shower room.
0:45:37 > 0:45:40New flooring and a new sink unit aside,
0:45:40 > 0:45:42things are pretty much as they were.
0:45:46 > 0:45:49Happily, the bedroom that had been abandoned in the '80s
0:45:49 > 0:45:52has been relocated to the 21st century.
0:45:54 > 0:45:56So far, so good.
0:45:56 > 0:46:00But how did David set about tackling the damp in the stairwell?
0:46:01 > 0:46:03That was just historic staining.
0:46:03 > 0:46:04There wasn't really a damp issue,
0:46:04 > 0:46:06so we've just over-boarded and plastered.
0:46:06 > 0:46:08We've had a few rainy nights and it seems fine.
0:46:14 > 0:46:16With the damp taken care of,
0:46:16 > 0:46:18this place is ready for the rental market.
0:46:19 > 0:46:23David had set his budget between £3,000-4,000,
0:46:23 > 0:46:26but that would all depend on the viability of the boiler.
0:46:27 > 0:46:30The boiler wasn't fit for purpose.
0:46:30 > 0:46:33We condemned it and we've gone over to using the immersion heater
0:46:33 > 0:46:37for the water and electric for the heating.
0:46:37 > 0:46:40We got away with around £4,000 in the end.
0:46:40 > 0:46:45There were few contingencies with the extra plastering
0:46:45 > 0:46:48and putting in heaters because of the boiler issue.
0:46:48 > 0:46:50But it was pretty close to what we expected
0:46:50 > 0:46:53and we were pretty disciplined sticking to that budget.
0:46:55 > 0:46:58Being strict with the budget is one thing,
0:46:58 > 0:47:00but remember my scribble on the wall?
0:47:00 > 0:47:04How strict was he with the 1.5-week schedule? I want to know.
0:47:05 > 0:47:10# I can read the writing on the wall... #
0:47:10 > 0:47:14Probably all in all it was two, two and a half weeks.
0:47:14 > 0:47:17Some issues with scheduling, people not coming in on time
0:47:17 > 0:47:19and that delayed us a bit.
0:47:19 > 0:47:22But, all in all, it was pretty close to the scheduled time.
0:47:26 > 0:47:29In fact, David's main man Sean had to move on to another job
0:47:29 > 0:47:32and his place was taken by another handyman, Sid.
0:47:33 > 0:47:36And David wasn't adverse to a spot of grafting either.
0:47:37 > 0:47:39I was pretty hands-on.
0:47:39 > 0:47:43I'd come in, pick up a paintbrush and do some touching up
0:47:43 > 0:47:46and just directing people and trying to schedule everything
0:47:46 > 0:47:50and making sure everything was running on time to the schedule.
0:47:52 > 0:47:55With 21 properties under his belt, I think it is
0:47:55 > 0:47:58safe to say David knows what he is doing.
0:47:58 > 0:48:00What is the secret to his success?
0:48:01 > 0:48:04The budget, it is really kind of having the discipline to
0:48:04 > 0:48:07stick to what you must do compared to what you want to do.
0:48:07 > 0:48:10You know, there are some finishings you want to put in aesthetically
0:48:10 > 0:48:13but you have to stick to this budget to make it cost-effective.
0:48:15 > 0:48:17Hm, sound advice there.
0:48:17 > 0:48:20And here are two local property experts we've invited along
0:48:20 > 0:48:22to tell us what they think of David's project.
0:48:24 > 0:48:27It definitely looks a lot fresher and cleaner.
0:48:27 > 0:48:30And saying that,
0:48:30 > 0:48:33more appealing to anybody to come in to make it a home.
0:48:33 > 0:48:36The way that the owner has done it, opened up the kitchen area here
0:48:36 > 0:48:39is really good for the rental market.
0:48:39 > 0:48:42So I think it would be very popular indeed.
0:48:44 > 0:48:47David bought and renovated this flat to put up for rent,
0:48:47 > 0:48:51so what could he realistically expect in terms of rental income?
0:48:52 > 0:48:54As the property stands at the moment,
0:48:54 > 0:48:58sort of unfurnished, it would be somewhere between £650, maybe up
0:48:58 > 0:49:01to £700 per calendar month
0:49:01 > 0:49:03depending on who's looking at the time.
0:49:03 > 0:49:05For the rental market,
0:49:05 > 0:49:10we should be looking at a figure of £850 per calendar month.
0:49:10 > 0:49:12It's quite a spread. I think in the middle,
0:49:12 > 0:49:15something like £750 would be realistic.
0:49:15 > 0:49:20Well, having spent a total of £154,000, a rent of £750 per
0:49:20 > 0:49:25calendar month would give it a return of almost 6%.
0:49:25 > 0:49:28And what about resale values?
0:49:28 > 0:49:33I'd look to put it on the market at £180,000 to £185,000.
0:49:33 > 0:49:37I think a residential sales value for this property is going
0:49:37 > 0:49:40to be something in the region of about £175,000.
0:49:42 > 0:49:45Based on those values, David could emerge with a profit
0:49:45 > 0:49:50of between £21,000 and £31,000 before tax and other expenses.
0:49:50 > 0:49:52Has that changed his plan?
0:49:54 > 0:49:57Well, the market is going up as you know, so we are going to hold
0:49:57 > 0:50:00it for a year and probably sell it in the next year, next tax year.
0:50:05 > 0:50:08- MARTIN:- It is time to return to Normanton in Derby
0:50:08 > 0:50:11and this mid-terraced three-bedroom house
0:50:11 > 0:50:15which was up for auction at a guide price of £75,000-plus.
0:50:16 > 0:50:19# Middle of the road... #
0:50:19 > 0:50:21It may have been in the middle of the road,
0:50:21 > 0:50:25but inside, what was this stuck in the middle of the living room.
0:50:27 > 0:50:28That is actually a first.
0:50:28 > 0:50:32I've never seen a sliding patio door in the middle of a room like that.
0:50:32 > 0:50:33That is brilliant.
0:50:33 > 0:50:34Ha, or not.
0:50:34 > 0:50:37Thankfully the rest of the house followed a more conventional
0:50:37 > 0:50:40design and with generous room sizes
0:50:40 > 0:50:44and plenty of scope to add value, I sensed a bit of an opportunity.
0:50:44 > 0:50:48This house is just... It is spot-on for what it is.
0:50:50 > 0:50:53It was married couple and buy-to-let investors Rosie
0:50:53 > 0:50:57and Conrad who paid £79,000 for this place.
0:50:57 > 0:50:59Although Conrad is a building surveyor,
0:50:59 > 0:51:02it was Rosie who picked it out and bid for this auction lot.
0:51:05 > 0:51:07Got you at 76.
0:51:07 > 0:51:10Dare I say he left the whole lot to Rosie?
0:51:10 > 0:51:12# Whole lotta Rosie... #
0:51:12 > 0:51:15I've typed up enough of his survey reports that
0:51:15 > 0:51:18I am pretty clear on what is a problem, what hairline cracks
0:51:18 > 0:51:21we have to worry about, which are vertical and which are horizontal.
0:51:23 > 0:51:26I don't reckon these two will crack under the pressure
0:51:26 > 0:51:29because they have supreme confidence in each other's abilities.
0:51:29 > 0:51:32And so, with a timescale of three months
0:51:32 > 0:51:36and a budget of around £8,000, I left them to get on with the job.
0:51:39 > 0:51:41We are back six months later to see if Rosie
0:51:41 > 0:51:44and Conrad have worked some magic in Normanton.
0:51:58 > 0:52:02Rosie and Conrad have made such a difference to this place.
0:52:02 > 0:52:05Taking pride of place is the beautiful new kitchen
0:52:05 > 0:52:08and they managed to bring the outdoor loo indoors.
0:52:08 > 0:52:11Best of all, not a patio door to be seen.
0:52:17 > 0:52:21Well, this is where the patio doors were. We've...
0:52:21 > 0:52:24..blocked the opening, as you can see.
0:52:24 > 0:52:27And created the two reception rooms.
0:52:27 > 0:52:30Yes, it is actually a relatively straightforward job
0:52:30 > 0:52:33and I think it was one of the first things that we actually did,
0:52:33 > 0:52:35so we are quite happy with it.
0:52:35 > 0:52:38Yeah, it was painless. Painless and highly necessary.
0:52:40 > 0:52:43With two reception rooms, the ground-floor space feels
0:52:43 > 0:52:46more in keeping with the overall size of the house.
0:52:52 > 0:52:56Upstairs, the bedrooms have been redecorated and carpeted,
0:52:56 > 0:52:58freshened up and ready to be furnished.
0:52:58 > 0:53:02The biggest change upstairs is in the bathroom, which has been
0:53:02 > 0:53:05enlarged thanks to some space donated from the back bedroom.
0:53:08 > 0:53:11It feels now like a family bathroom and the third bedroom is
0:53:11 > 0:53:14still of an adequate size to put a double bed in it.
0:53:17 > 0:53:20And did the cracks in the wall prove to be problematic?
0:53:20 > 0:53:25We did a proper repair. Stitched across them and...
0:53:25 > 0:53:29So they will hold together and that will not reopen.
0:53:29 > 0:53:31It hasn't reopened since it has been repaired.
0:53:31 > 0:53:33And I'm confident it won't.
0:53:35 > 0:53:38In the back garden, asbestos in the shed roof was a factor
0:53:38 > 0:53:40they hadn't anticipated,
0:53:40 > 0:53:44and its safe removal added time to the outdoor work.
0:53:44 > 0:53:47But with the garden now clear, it is ready for a bit of landscaping.
0:53:47 > 0:53:50Having set themselves a three-month timeframe,
0:53:50 > 0:53:52how good was their time management?
0:53:54 > 0:53:58We did have a joke whether it would be two or three months.
0:53:58 > 0:54:02In reality, we actually started it a month later than we were
0:54:02 > 0:54:06because, compared to when we were last getting works done in Derby,
0:54:06 > 0:54:10everybody that we were planning on using was actually incredibly busy.
0:54:10 > 0:54:14But in reality, it has only taken us about three months
0:54:14 > 0:54:18if we put it in terms of how many days a week are allocated, etc.
0:54:18 > 0:54:22And for us, we were a little bit sort of slower because we were
0:54:22 > 0:54:27held up quite often on the M1 due to 21 miles of road works.
0:54:27 > 0:54:30So, just don't feel quite so inspired to come up so often.
0:54:35 > 0:54:39Rosie and Conrad were aiming to spend 10% of the purchase cost,
0:54:39 > 0:54:42which worked out at around £8,000.
0:54:42 > 0:54:45Was that sufficient to get the job finished?
0:54:45 > 0:54:50Due to various people deciding that they were going to
0:54:50 > 0:54:54replaster walls, which took a lot of time, etc,
0:54:54 > 0:54:57we probably ended up probably spending 20% more than
0:54:57 > 0:55:01we needed to, which is about the order of about £10,000.
0:55:02 > 0:55:05Oh, dear. Conrad, looks like you're in the doghouse.
0:55:05 > 0:55:08With a total spend of £89,000,
0:55:08 > 0:55:12Rosie and Conrad have created a very appealing family home.
0:55:12 > 0:55:15But will they add this to their rental portfolio?
0:55:16 > 0:55:18I think the jury is out.
0:55:18 > 0:55:20It's only just gone up for rental,
0:55:20 > 0:55:25so let's see what interest we get, what levels of rent are viable
0:55:25 > 0:55:31and if that is not going to work best that way,
0:55:31 > 0:55:33we will put it up for sale.
0:55:35 > 0:55:36Well, there's only one thing to do
0:55:36 > 0:55:41when indecision rears its ugly head - bring in the estate agents.
0:55:41 > 0:55:45Perhaps their expert valuations will provide some clarity.
0:55:46 > 0:55:48Good layout, nice and spacious accommodation.
0:55:48 > 0:55:50Three double bedrooms
0:55:50 > 0:55:53and also I like the way they have managed to incorporate
0:55:53 > 0:55:55a toilet at the back of the kitchen,
0:55:55 > 0:55:57which will appeal to the families.
0:55:57 > 0:56:00The standard finish on this house is quite interesting
0:56:00 > 0:56:02because initially, there is almost a wow factor,
0:56:02 > 0:56:05which - when you're selling a house - is what you want.
0:56:05 > 0:56:08When you look closer, the finish of the paint work and the wood,
0:56:08 > 0:56:10the second fixing is really poor.
0:56:13 > 0:56:18A black mark for decoration then, but will it affect the valuations?
0:56:18 > 0:56:20On the sales market,
0:56:20 > 0:56:24I would expect this property to achieve a price of around £100,000.
0:56:24 > 0:56:29I would recommend a sales valuation between £110,000 to £ 115,000.
0:56:29 > 0:56:31Nothing controversial about it whatsoever.
0:56:31 > 0:56:37There's one across the road on for 110,000 and we know that
0:56:37 > 0:56:40other ones down the road have gone for less than 100,000.
0:56:42 > 0:56:46Achieving a sale at the top valuation of 115,000 would
0:56:46 > 0:56:49mean a potential pre-tax profit of £26,000.
0:56:49 > 0:56:51Not bad for a few months' work.
0:56:51 > 0:56:55But, as Rosie and Conrad are already offering the house for rent,
0:56:55 > 0:56:58will the estate agents' figures match their expectations?
0:57:00 > 0:57:05I would recommend a rental valuation of £525 per calendar month.
0:57:05 > 0:57:09In my opinion, if this property were to be offered on the rental market,
0:57:09 > 0:57:13it would achieve a rental price of around £525 per calendar month.
0:57:13 > 0:57:16With the house fully redecorated, re-carpeted,
0:57:16 > 0:57:20with the kitchen as it is and the bathroom downstairs loo,
0:57:20 > 0:57:24we would be expecting towards the upper level of the rents
0:57:24 > 0:57:25that have been quoted.
0:57:28 > 0:57:33A monthly rent of £525 would represent a return on investment
0:57:33 > 0:57:38of 7%, an amount that leaves these two buy-to-let veterans satisfied.
0:57:38 > 0:57:41But did they learn anything new from this project?
0:57:43 > 0:57:46Yep. We have learnt who makes the best egg mayonnaise sandwiches
0:57:46 > 0:57:49and who does the best cream cakes.
0:57:53 > 0:57:54We hope you have enjoyed the show
0:57:54 > 0:57:57and maybe picked up a few tips along the way as well.
0:57:57 > 0:58:00Could you be tempted to follow in the footsteps of our buyers?
0:58:00 > 0:58:03Well, there are plenty more properties and auctions out there,
0:58:03 > 0:58:07so make sure you join us next time for more Homes Under The Hammer.
0:58:07 > 0:58:09- Goodbye.- Goodbye.- Bye-bye.