Episode 74 Homes Under the Hammer


Episode 74

A detached house in Strood in Kent, a prefab bungalow in Alvaston in Derby and a large three-bedroom semi-detached in Caterham in Surrey are all sold at auction.


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Transcript


LineFromTo

Hello and welcome to the show.

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Now, property auctions are not for the faint-hearted.

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The action happens thick and fast

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and it's an adrenaline-filled environment.

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And you could have those keys in your hand

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if you're the successful bidder in just four weeks.

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So, do you think you have what it takes and would you consider buying

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under the hammer?

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Well, every auction lot tells its own story,

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and we have seen literally thousands of them over the years.

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And guess what, Martin, we've got another three for you today.

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So, what are we waiting for? Let's find out what today's buyers got.

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Lucy struggles to get a handle on the situation

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in this detached house in Kent.

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The door... Oh! And the handle that's just come off.

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In Derby this prefab has me unhinged with excitement.

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Woohoo! Talk about making an entrance.

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I've not seen doors like that before.

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And in Surrey, I make quite the entrance myself

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when I visited this semidetached house.

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They call...

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They... They call me Roberts.

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All these properties have been sold at auction and we'll find out who

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bought them and what they paid for them when they went under the hammer.

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It's gone, it's yours, sir.

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Lucy is in Strood, one of the Medway towns in Kent.

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Its development was dominated by the river, its bridges,

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and the resulting road and rail links.

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Well, this is a really convenient spot

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with the high-street only a short walk away.

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However, one thing that I've noticed - well,

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there's no on-street parking, which isn't so convenient.

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More about that later.

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Well, I'm here to see our house and it went to auction with a guide price

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of £150,000-155,000, and it's right here.

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So, from stepping outside you walk straight into the lounge,

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which is, oh, fairly good actually.

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Because what I really like about this room are the high ceilings.

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I do love a property with high ceilings.

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It just makes it feel so much more spacious.

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You've got central heating in here, which is a good thing.

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There is a little waft of damp.

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I can smell something in here, so I might need to do a bit of investigating.

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Still got some lovely old original features up here, which is fantastic.

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And then through into the kitchen at the back.

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This really annoys me.

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Boiler is in the wrong place and it's not even covered up.

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How ugly does that look? That's got to be boxed in somewhere.

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And not a bad kitchen at all, actually.

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Enough room to put a table and chairs in here.

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-And this is the cellar...

-SNIFFS

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..and that is what really does smell.

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There's a big waft of damp coming up there,

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so I'd like to get somebody to go down there and have a good old look.

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You've got a doorway leading outside as well.

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So, overall, not a bad kitchen.

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But I would get somebody to check out that damp,

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because it's a little bit worrying.

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Now, basements might be all the rage in London

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but they can present issues with damp if not tanked out properly.

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Nowadays a membrane and managing the water are popular solutions.

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This could be a good usable space, but given the pong, it needs investigating.

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Now, this is where it all starts to get a little bit odd.

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So, the bathroom here, just off the kitchen - not ideal.

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But that's how it is.

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You've got a nice little bath and shower and a loo,

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which is just there.

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But nowhere to wash your hands. So, where's the sink?

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There it is. It's in another cupboard.

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So, the sink's in a completely separate room.

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So you've got the door to the sink there, you've got the door...

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Oh! And the handle that's just come off...

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..there, and then you've got a door here.

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So it's all a bit door, handle, yeah.

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I think somebody needs to think about reconfiguring this little area

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because it's not quite working, is it?

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But, upstairs, there are two good-sized double bedrooms.

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Bedroom number three is small but its access is via bedroom number two.

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It may be better converted into an en-suite.

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But would that affect the value too much?

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So, I've got something to tell you. I've solved the parking with this property.

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Here's our detached house,

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and guess what - here is a parking space that actually comes with the property.

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So, no more worries where to off-load the kids and the shopping.

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This belongs to this.

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Fantastic.

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We called in a local estate agent to get his opinion.

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Would it be worth making that small bedroom into an en-suite?

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The third bedroom, potentially, you could change to a bathroom.

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But then you lose the third bedroom.

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So, I think as a whole the layout does work

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and a lot of the properties round here do have a similar layout.

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What's your opinion of the damp smell that permeates the house?

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There's a slight issue with the rendering at the back of the property,

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so I feel that may be the reason why there's a bit of damp creeping in.

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I don't think it will be a massive problem going forward, though.

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And what values could you expect to achieve from this house

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guided at 150,000-155,000?

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In the sales market you could look to achieve up to about £180,000.

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In the rental market you're looking probably around £950 per calendar

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month to £1,000 per calendar month.

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Yes, there are improvements to be made but in this convenient spot,

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and with the benefit of that parking at the back, well,

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I think this detached house could be a wise investment for someone.

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Who agreed? Let's head to auction and find out.

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Lot 15, we go to now. Start me at 150.

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130 then. 130. 130, I'm bid.

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135 now, do I say? 135. I'm obliged.

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140. It's against you.

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140 bid, I'm bid.

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145. 145.

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150, can I say?

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I've got 145 from him because I took that one before I saw...

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150, I'm bid. Now it's against you on my left.

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155, if you wish.

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If not, at £150,000 it will be sold for the first time.

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£150,000 for the second time.

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Third and final time at £150,000.

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Are we all done? You're out of it. It's yours on my right.

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-GAVEL BANG

-£150,000. And your number, please?

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At the auction with her boyfriend's parents was Gabby.

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She's a beautician and her boyfriend Lee has a cold press juicing business.

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Lucy met Gabby and Lee back at their £150,000 purchase.

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Gabby and Lee, lovely to meet you today.

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-Hiya.

-Congratulations.

-Hiya.

-This is a great property.

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-Thank you.

-Now, you two are currently living in a rented flat.

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-Is that right?

-Yeah.

-Yeah.

-OK, and you're going to be moving in to this house?

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Yeah, pretty much straightaway.

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There's a few things like the leaking windows and a few other bits and pieces that need sorting out.

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But, yeah, we can pretty much move in straightaway.

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If you guys are intending to live here, I mean,

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there's quite a lot of jobs that need to be done.

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Starting with that big smell of damp.

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-Mm.

-That worries me.

-There is, yeah.

-Talk to me about that.

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Well, the problem is this house hasn't been lived in for probably about four years now,

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so the people who owned it before,

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they bought it just to renovate real quickly to sell on but I think they held it for quite a long period.

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So, no-one's lived here for, like, three, pretty much, yeah, four years.

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So, are you not worried there might be something down there that's a bit

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more problematic than just because it's not been lived in?

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Possibly. You know, we've had the flooring up in here just to check if there's any damp. There's no signs.

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-Yeah.

-I think downstairs, when you look up at the beams.

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-The cellar might be a problem.

-Yeah. There's going...

-The beams might need redoing.

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-So, Gabby, what's your budget here?

-15,000.

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We don't sort of want to go over that really.

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So we tried to set a realistic amount.

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Cos sometimes you say so much and you end up spending so much more.

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So, we said if we say that, hopefully it should be within that.

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-Most people on this programme do that.

-Yeah.

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-They say one thing and spend a whole lot more.

-Yeah.

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Lee, do you think you can realistically stick to that budget?

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I think so. You know, structurally the building's pretty sound.

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So, it's really cosmetics, trying to get that cellar sorted out.

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I think that's going to be quite a big chunk of the budget.

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And, really, kind of just like making the place a bit better.

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-So...

-What about the little area just to the right of me,

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which is the bathroom/sink room? You've got so many doors going on.

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Ideally, there's a bit of work we want to do.

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So we want to, at the moment, block that kind of door entranceway up,

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sorry, the entrance into the house,

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up and put the entrance in the kitchen, into the rear-view garden.

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And make that room into one big bathroom.

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-Yeah.

-Cos there's just a crazy amount of doors in a small area.

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-Yeah.

-So, what about upstairs?

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We want to... There's a cot room at the back.

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So, when we bought it it was advertised as a three bed.

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We want to change that into a two bed because we don't think that room

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really is big enough for another bedroom.

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So, we want to turn that into an en-suite,

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which should be pretty easy seeing as the bathroom's below it already,

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so we can kind of run the pipes straight back up.

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-And two big bedrooms, because they're quite a big size.

-Mm.

-Quite big bedrooms.

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But, you know, if we can make those into a two big bed plus en suite that would be really good.

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Lee seems quite ambitious.

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He's never done a whole house before,

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although he has fitted kitchens,

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including the one in his factory in Sheerness.

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But what is your plan?

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To do this house up, to put your heart and soul into it,

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to have it looking fantastic, and then what?

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We'll probably be off somewhere else.

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So, you're just doing this as a step on to the property ladder?

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-Yeah, that's the plan.

-Pretty much. Yeah, we don't want to...

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It's not somewhere we want to live.

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Like, you know, it's on a busy road and the house isn't as big as really we want to be living in.

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So, this is really just the kind of step on to the market,

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do up and then really just sell it, isn't it?

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How long do you think it's going to take you to do the work?

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-We said, what was it, six months?

-Mm, yeah.

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About six or seven months, depending.

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Cos I go away quite a lot in the summer,

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so hopefully about six or seven months.

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-Have you ever lived in a house whilst doing it up before?

-Yeah.

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-I'm sort of used to it.

-So, you know what hard work it is?

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There's no romantic notions at all about that?

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No, the heating's off then it's on. Then the electric's gone and that wall's down...

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-So, it's just, yeah...

-So you're a roughie toughie really?

-Yeah.

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And how about you? Are you going to mind at all?

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-Mm.

-Yeah.

-Yeah.

-Is he worse than you?

-Yeah.

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No, it's just, I like stepping out of the shower and it being warm,

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-and at the moment this place is not warm, so...

-Reality check!

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Yeah. Once we get the en suite upstairs I'll be fine.

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-So, priority number one.

-OK, so, you need to do the en suite,

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you're going to sort this kitchen out.

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Are you going to do anything else to change it?

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I mean, I'm looking around, you've got textured ceilings everywhere.

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The plan is to get rid of it down here.

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-And put a bar downstairs. That's going to be...

-Yeah.

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Whoa-whoa-whoa. Hold on a minute. A bar?

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-Just a little one.

-First of all, you've got to get rid of the stink because it's awful.

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But you want to put a bar downstairs?

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Yeah, because we want somewhere fun.

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This is like a grown-up area up here and then the boring upstairs and we want a bar downstairs, so, yeah.

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-Really?

-For summer, yeah.

-So you really think that's going to help sell the house?

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This fabulous house on the corner in Strood, noisy road,

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-but you've got a bar downstairs.

-Basically.

-A bar downstairs.

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-Is that just for you two to have a bit of fun?

-Yeah, it's either a bar or a Jacuzzi, isn't it?

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-It's getting worse.

-THEY LAUGH

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-Just don't spend any money on it because you're going to need it for the refurb.

-That's true, yeah.

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-Can we have a deal where the bar comes last?

-I bought a bar, what was it..?

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-How much?

-A couple of years ago.

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So, we're going to put that downstairs and it's a couple of thousand, so...

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-That should do it.

-Yeah, that should cover it.

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Something I'm not happy with is that boiler there sticking out.

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-Oh, don't.

-So, can we shabby chicify that and just box it in, please?

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I think so, or it's actually probably going to go downstairs.

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-Yeah.

-OK.

-Yeah, we're going to sort something, or move it slightly.

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-It's going to go downstairs next to your bar.

-Yeah.

-That's it.

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Well, luckily my twin is a plumber so he's going to do it.

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-He doesn't know yet but he is actually going to move it downstairs.

-Yeah.

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And same with the bathroom, same with that bathroom, same with everything.

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-Guys, good luck with your first property.

-Thank you so much.

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I'm sure you're going to make a real success of it. Lovely to meet you, Gabby.

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-Thank you, you too.

-Thank you. And Lee.

-Thank you.

-Take care.

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It's always lovely to see young couples like Lee and Gabby

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taking their first property developing steps.

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It sounds like they've got big ideas for this house, including that bar.

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I love it.

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Find out what happens when Lee and Gabby call time on their renovations later on in the show.

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I'm three miles from Derby in this Alvaston suburb.

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# Galveston, oh, Galveston... #

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Not Galveston, Texas. RECORD SCRATCH

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It's just on the A6.

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That's better.

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The village of Alvaston has been around since the 11th century at least.

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In amongst the housing stock are Victorian and Edwardian houses,

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1930s semis and terraces.

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But I'm in search of one a little bit younger.

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The property I'm here to see in the rain is on this cul-de-sac of brick bungalows.

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Oh, hello. Yes, this is it.

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There's no bricks there. It really stands out.

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This is our three-bedroom house with a guide price of £38,000.

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Let's go look. # I'm still standing... #

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This house is what's known as a prefab.

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They were the answer to the severe housing shortage in the 1940s and early '50s.

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The design meant factory-built components could be put together

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on-site more quickly than traditional methods.

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And while they were meant to be a short-term solution,

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many are still standing and are much-loved by lots of people.

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# I'm still standing Better than I ever did... #

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Woohoo! Talk about making an entrance.

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I've not seen doors like that before.

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Your hall is the size of a room in itself

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and the colour theme is orange and turquoise and,

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really weirdly, I kind of like it.

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So, we've got one, two, three, four, five, six,

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seven doors leading off that hall.

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If that's not exciting I don't know what is.

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Let's find out what's in this one.

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It's a bedroom, and it's a really nicely sized bedroom.

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You have polystyrene ceiling tiles, which need to come off, a real fire hazard.

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And it feels like somebody's been quite handy

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and made furniture for this house.

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It's got an instant calming feeling to it, and, yes,

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I am addressing you from a chair.

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Let's find out what's round the corner.

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Next up off the hall you have another good-sized double bedroom.

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And this is interesting.

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You've got your toilet, and the toilet's really old school.

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It's like a bench with a hole in it.

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And then a bathroom separately.

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So, you want to think about knocking these two together.

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Absolutely, it makes much more sense.

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The colours are just charming.

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Into... Right, OK, well,

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this is your third bedroom but it's being used as a workshop.

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This place has got great character, it really does.

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Yeah, and there's still more to come.

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Through to the reception room and this place has got the feel that

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somebody said, "I've decorated it in 1972 and I like it so much

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"I'm going to bypass the '80s, the '90s, forget about the bricks outside, I love it as it is."

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And, you know, the thing is, it looks kind of pristine.

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Everything's come back into fashion. This is a retro feeling house.

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Here you have a solid chimney breast.

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Now, removing that would give you the extra room

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in a room and also it's not as big a job as it would be

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if you had two floors because, of course,

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the roof's just above you.

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And then through to the kitchen.

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Again, dated but charming.

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Options? Well, this is a good size.

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You could have your breakfast bar here,

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plenty of room for all your appliances.

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HOLLOW KNOCK But that's just a partition wall.

0:16:250:16:27

So, if you really wanted to create that feeling of modern living

0:16:270:16:30

you could knock down that wall, open it up into your reception room,

0:16:300:16:33

and really bring it up to a modern-day standard.

0:16:330:16:37

# This ghost is here to stay

0:16:370:16:42

# I survived the blast

0:16:420:16:45

# Get ready, get ready to say

0:16:450:16:48

# I've found my niche at last

0:16:480:16:51

# A prisoner of the past... #

0:16:530:16:56

You can see why people who lived in these loved them.

0:17:020:17:05

The design is simple and the rooms a good size.

0:17:050:17:08

But it has to be said they were not the most energy-efficient.

0:17:080:17:13

To the back of the house you've got a really nice secluded garden,

0:17:140:17:18

and out front you've got a good size garden too.

0:17:180:17:21

You have your outhouse, or shed,

0:17:210:17:23

which is prefabricated, as is the house.

0:17:230:17:26

Oh, and I just... these windows, they're single glazed and metal framed.

0:17:260:17:30

They need to go. Even though you've got double glazing on the front,

0:17:300:17:33

the ones on the back need replacing.

0:17:330:17:35

And, of course, the big thing about this house is that it is

0:17:350:17:38

prefabricated, which means it's of a nonstandard construction,

0:17:380:17:42

which means that you won't get a mortgage on it.

0:17:420:17:45

This will only be an option for cash buyers at auction.

0:17:450:17:49

You have to make sure you have bricks on the outside

0:17:490:17:52

and also that the roof is of a standard construction.

0:17:520:17:55

This house has held off for a while.

0:17:550:17:57

It's been the different one, the rogue one on the street.

0:17:570:18:00

But I'm afraid now there really is no option but to keep up with the Joneses.

0:18:000:18:04

We called in an estate agent from the auction house who sold the property

0:18:060:18:09

to see if he agreed about the need for this house,

0:18:090:18:12

guided at 38 grand plus, to have a new hat and an overcoat of bricks.

0:18:120:18:18

Externally, obviously the brickwork and new roof with it.

0:18:190:18:23

Inside, I would say you're going to be looking at replastering,

0:18:230:18:26

rewiring, gas central heating system,

0:18:260:18:28

new windows, kitchen, bathroom.

0:18:280:18:30

So, pretty comprehensive and you've got to have deep pockets.

0:18:300:18:33

Mm, how deep?

0:18:330:18:35

A deep pocket, I would say you're going to be a good £40,000,

0:18:350:18:38

could be a bit more.

0:18:380:18:40

The expert explained that a brick skin could create a cavity

0:18:410:18:45

to be filled with insulation,

0:18:450:18:47

but be advised that all structural works must pass building control

0:18:470:18:50

inspection and thereby gain relevant certification to make the house mortgageable.

0:18:500:18:55

With this done and fully refurbished, what could it be worth?

0:18:550:18:59

It's probably likely to achieve in the region of £140,000.

0:18:590:19:02

And what about for rental?

0:19:020:19:04

It's likely to achieve in the region of £595 per calendar month.

0:19:040:19:08

This house is not without its issues.

0:19:080:19:11

Not least the fact that in its current prefab state it's not even mortgageable.

0:19:110:19:15

But, if someone's willing to put in the hard graft,

0:19:150:19:18

this place could be transformed and meet all requirements.

0:19:180:19:22

Let's find out who that was when it went under the hammer.

0:19:220:19:26

A three double bedroom semidetached bungalow.

0:19:260:19:28

I do have a commission bid on this lot.

0:19:280:19:30

I will start the bidding on the guide at £38,000 with me.

0:19:300:19:34

39 elsewhere now? 38 with me.

0:19:340:19:36

39 now. 39 here.

0:19:360:19:38

Bids were off to a flying start but the commission bid with the auctioneer

0:19:380:19:42

beat those from the room until we rejoin the bidding at £61,000.

0:19:420:19:48

61, sir. 61.

0:19:480:19:50

62 with me. 63 with you.

0:19:500:19:53

63 with you, you'll be pleased to know the commission bid is out.

0:19:530:19:56

It's your bid at 63,000.

0:19:560:19:57

64 in a new place.

0:19:570:19:59

Thank you, sir. 65 now.

0:19:590:20:01

New bidders kept joining the action.

0:20:010:20:03

We rejoin again at 79 grand.

0:20:030:20:05

79 in a new place. 80,000 to stay with it, sir.

0:20:060:20:10

79 and a half, I'll take the half.

0:20:100:20:12

Treat you the same, sir. 80,000.

0:20:120:20:14

With you, sir, at £80,000, for the first time.

0:20:140:20:17

At £80,000, for the second time.

0:20:170:20:19

Sure and done, at £80,000, third and final time.

0:20:190:20:23

It goes, it's gone, it's yours, sir, at £80,000, and thank you.

0:20:230:20:28

The property was bought by security firm owner Carl

0:20:290:20:32

on behalf of an overseas investor.

0:20:320:20:35

He and his son Shane, who also works in security and is a trained joiner,

0:20:350:20:39

came to the house to meet me.

0:20:390:20:41

The refurbishment team was completed with Shane's sister Nicola,

0:20:410:20:45

who looks after the books and couldn't make it today.

0:20:450:20:48

-Hi, guys.

-Hi, you all right?

-Let's start off with the obvious.

0:20:480:20:52

So, either I'm really short or you're really tall.

0:20:520:20:55

-Well, I thought I was normal. So...

-No, you're tall, Shane.

0:20:550:20:57

-No, do you reckon?

-Yeah, I think so.

-Yeah, OK, yeah.

-You're making us all look small.

0:20:570:21:01

-What height are you?

-6'5", I am.

-And dad?

-6'2".

0:21:010:21:05

That's funny, because you're so tall you kind of look small and 6'2" is a good height.

0:21:050:21:09

-Thank you very much.

-More of a man, you see.

-I appreciate that.

0:21:090:21:12

Well, the long and the short of it is that these guys have a lot of experience.

0:21:120:21:17

This is their fifth joint project with the investor

0:21:170:21:19

and I'm wondering if they have any tall orders for this prefab.

0:21:190:21:23

There's a little bit of indecision at the moment about the chimney.

0:21:250:21:28

The chimney might come out.

0:21:280:21:30

I've got indecision also about making it into

0:21:300:21:33

a kitchen/diner by removing one of the bedrooms and extending through.

0:21:330:21:37

It'll be brought up to standard.

0:21:370:21:40

It'll be a really nice brand-new property, hopefully,

0:21:400:21:43

bang on the right price to make a nice family home.

0:21:430:21:47

What's your budget?

0:21:470:21:49

The buyer has strictly instructed that the budget

0:21:490:21:52

has to come in below 30,000 total.

0:21:520:21:54

Anything below 30,000 would be great because we feel that the house was

0:21:540:22:00

bought at the top-end scale.

0:22:000:22:02

The maximum price was 81,000.

0:22:020:22:05

The house just came in slightly under that,

0:22:050:22:07

so realistically there's not an awful lot left in it.

0:22:070:22:10

It's just the brickwork I think we'd struggle mainly with.

0:22:100:22:12

We'd have to employ somebody for that.

0:22:120:22:14

Everything else cosmetic-wise we can do.

0:22:140:22:16

We'll rip the kitchen out, we'll do the walls, do the ceilings,

0:22:160:22:19

we'll do all that between us to bring the cost down, like.

0:22:190:22:22

The decision to take it from three to two bedrooms,

0:22:220:22:24

I guess you don't want to come down to two bedrooms

0:22:240:22:27

and then have a lower sell-on price.

0:22:270:22:29

That's a good point, Martel, yeah. That'll have to be taken into account.

0:22:290:22:33

Is your biggest costing that's causing you concern the brickwork outside?

0:22:330:22:37

It's a new thing that we're bringing on board

0:22:370:22:39

because it's not a skill that myself or Shane has,

0:22:390:22:42

although somebody that works within the security industry with us

0:22:420:22:45

may be able to bring forward, so it's something that we'll deal with

0:22:450:22:49

and it's more of an excitement than a concern.

0:22:490:22:52

Getting someone with some expertise in for the brickwork is one thing,

0:22:520:22:56

and the other vital job to bring this place up to scratch is the roof.

0:22:560:23:01

Carl has been doing his homework on that and he isn't fazed by it.

0:23:010:23:06

The method is to take the old roof off,

0:23:060:23:08

because if you put another roof on top of the existing one

0:23:080:23:10

then that can cause some damp issues.

0:23:100:23:13

And then you've got different options of tiling or slates.

0:23:130:23:18

The plan for this house in the end is for your client to have it,

0:23:180:23:22

and will your client sell on or rent it out?

0:23:220:23:24

The client at the moment has rented in the past and now is in the game,

0:23:240:23:29

if you can call it,

0:23:290:23:31

of renovating and selling on, because she's currently got a property in Spain.

0:23:310:23:36

That could alter the time on this property

0:23:360:23:40

because I'm due to go out and do a little bit of work on that in Spain.

0:23:400:23:43

What I'd like to do while out there is probably get Shane in charge

0:23:430:23:47

to bring it on board and bring it in a reasonable timescale.

0:23:470:23:50

Yeah. So what is your timescale?

0:23:500:23:53

I'm going to guess at five months.

0:23:530:23:56

I'd like to bring it in shorter if we can but we're going to give

0:23:560:23:59

ourselves a realistic timescale so we're not pressured for time.

0:23:590:24:02

They say you shouldn't work with family.

0:24:020:24:04

He's my little boy. He does what he's told.

0:24:040:24:06

THEY LAUGH Little big boy.

0:24:060:24:08

Who is in charge when it comes to..?

0:24:080:24:10

-Nicola, cos she's in charge of the finances.

-Ah.

0:24:100:24:14

Right, can't wait to see what you do with the place, and best of luck.

0:24:140:24:17

-Thank you very much.

-Thank you very much.

-Thank you.

-Thank you.

0:24:170:24:20

-Thanks, Martel.

-Thanks.

-Nice to meet you.

-You too.

0:24:200:24:23

Father and son Carl and Shane have their work cut out for them managing

0:24:230:24:27

this property, but also keeping on their security jobs.

0:24:270:24:31

But it sounds like they know what they're doing

0:24:310:24:33

and they've got a clear plan ahead of them.

0:24:330:24:36

Will that 30 grand be enough?

0:24:360:24:38

It kind of sounds like it has to be.

0:24:380:24:40

You can find out what happens later in the show.

0:24:400:24:43

Coming up in Surrey, I visited a house that left me in awe.

0:24:440:24:49

But look at this.

0:24:490:24:51

Oh, my golly gosh. I was not expecting that.

0:24:510:24:53

And in Derby we'll find out if Carl and Shane

0:24:550:24:58

manage to take this prefab into the 21st century.

0:24:580:25:02

We're back in Strood in Kent now

0:25:090:25:11

where Lucy visited this detached house guided at 150,000-155,000.

0:25:110:25:17

One of the first things that hit Lucy was the pong.

0:25:170:25:21

I can smell something in here so I might need to do a bit of investigating.

0:25:220:25:26

It was in fact a whiff of damp that was coming from the basement.

0:25:260:25:30

But the rest of the house was in good shape.

0:25:300:25:33

Actually, that's not right.

0:25:330:25:35

Some things were in the wrong shape,

0:25:350:25:37

like the third bedroom off the second bedroom.

0:25:370:25:39

And it got worse when Lucy tried to get a handle on the downstairs toilet arrangements.

0:25:390:25:45

You've got the door to the sink there. You've got the door... Oh!

0:25:450:25:48

And the handle that's just come off...there.

0:25:480:25:52

# Breakaway

0:25:520:25:56

# Breakaway...#

0:25:570:26:00

But before Lucy could break anything else,

0:26:010:26:03

purchasers Gabby and Lee came along to tell her about their plans.

0:26:030:26:08

They got the house for 150,000,

0:26:080:26:10

their first step on the property ladder.

0:26:100:26:13

And Lee had an interesting plan for the basement.

0:26:130:26:15

-And put a bar downstairs. That's going to be...

-Yeah.

0:26:180:26:21

Whoa-whoa-whoa. Hold on a minute. A bar?

0:26:210:26:23

Well, party round your house when it's finished, Lee.

0:26:250:26:27

Although this wouldn't be their home when they were done.

0:26:270:26:30

They would live in it while refurbishing and then move on.

0:26:300:26:33

They said the refurbishment would take them six to seven months, costing 15 grand.

0:26:330:26:39

We're back a year and eight months later.

0:26:410:26:43

So, what's changed?

0:26:430:26:45

This property has had a layout transformation.

0:26:500:26:53

A porch has been added to the front of the house,

0:26:530:26:56

giving enough space for shoes so you don't traipse mud into this stylish new living room.

0:26:560:27:01

They knocked down a wall in the kitchen, allowing them to create a larger area.

0:27:140:27:18

They also got rid of the door to the basement in the kitchen,

0:27:180:27:22

moving the entrance to the living room.

0:27:220:27:24

They increased the size of the downstairs bathroom as well,

0:27:300:27:33

knocking down the wall separating the sink and the toilet,

0:27:330:27:36

installing a sleek new suite.

0:27:360:27:38

Out the back the paving is gone,

0:27:440:27:47

replaced with all-new decking and fencing.

0:27:470:27:50

And upstairs the two bedrooms look terrific.

0:27:550:27:59

But what happened to that third bedroom?

0:28:120:28:14

I think this calls for a sit down and a cuppa to find out what they've done.

0:28:140:28:18

Gabby couldn't make the filming day as she was working

0:28:180:28:22

but Lee brought along their dog Binky to help fill us in.

0:28:220:28:26

So, Binky, tell us, did your owners change that bedroom into an en suite?

0:28:260:28:30

OK, not the talkative type, eh?

0:28:330:28:35

Well, they do say don't work with animals. Lee, it's over to you.

0:28:350:28:38

We got some advice from a few agencies

0:28:390:28:42

and they said it is more valuable as a bedroom rather than a bathroom,

0:28:420:28:47

so we just chose against it in the end, said, keep it as a cot room.

0:28:470:28:50

Gabby was actually quite happy because she can now have a dressing room.

0:28:500:28:54

So it keeps all of her clothes in, like, kind of one area and away from my room.

0:28:540:28:58

So, the big question is,

0:28:580:29:01

can we hear the clink of celebratory glasses from the basement?

0:29:010:29:04

Oh, no. Where's the bar and drinks, Lee?

0:29:070:29:09

We've completely tanked the whole place.

0:29:090:29:12

The smell of damp has now gone and the footings -

0:29:120:29:14

before it was just basically the bricks were sat on an opposite brick

0:29:140:29:18

and the damp went straight on to the mud.

0:29:180:29:20

So the damp was getting through those bricks into the walls.

0:29:200:29:23

So, all we've done is we've put new footings around the basement,

0:29:230:29:25

all waterproof, so there's no more rising damp any more.

0:29:250:29:28

We've taken out the door and we've put a new window in.

0:29:280:29:30

We've insulated the whole room and added the radiator.

0:29:300:29:33

We've also put the new stairs in.

0:29:330:29:35

The stairs before used to lead into the kitchen.

0:29:350:29:37

But to make the bigger kitchen we've now put it into the living room.

0:29:370:29:40

Unfortunately, because of the height from the ceiling to the bottom of the stairs,

0:29:400:29:43

there's not two metres so we can't have this floor as a bedroom, unfortunately.

0:29:430:29:47

Well, if it's not a bedroom and it's not a bar what will they do with it?

0:29:470:29:52

Fingers crossed, if Gab lets me, this will be my flight simulator room.

0:29:530:29:57

But more likely it will be Gab's beautician room.

0:29:570:29:59

Sorry? A flight simulator?

0:29:590:30:02

Since we last spoke the biggest learning change is I want to become a pilot next year.

0:30:020:30:07

So, come, hopefully, February, March time I'll be doing my license.

0:30:070:30:10

# Cos I have always wanted to learn to fly

0:30:100:30:17

# Learn to fly

0:30:170:30:20

# Learn to fly

0:30:200:30:23

# Learn to fly... #

0:30:230:30:27

Well, good luck with your new career path, Lee. Anyway, back to the property.

0:30:280:30:32

Gabby was landed with most of the decorating duties

0:30:320:30:35

while Lee reached new heights improving his handyman skills.

0:30:350:30:39

As envisioned, twin brother Ryan, who's a plumber, came to the rescue,

0:30:390:30:44

sorting out their plumbing and moving the boiler.

0:30:440:30:47

But did their budget of £15,000 go sky-high?

0:30:470:30:52

I think we've spent just over 20,000 on the place now.

0:30:520:30:57

That spend of 20,000 brings the total investment in this property to 170,000.

0:30:570:31:03

They still have a few finishing touches to make, so it's not quite over.

0:31:030:31:07

But what did two local estate agents make of it as it is now?

0:31:070:31:12

We invited them along to find out.

0:31:120:31:14

I really like the house actually. I think it's an attractive property. It's well laid out.

0:31:150:31:20

The way they've actually finished the house is actually really good.

0:31:200:31:23

They've mixed the old and the new and they've done it to a very good standard.

0:31:230:31:26

My first impressions are really good.

0:31:260:31:28

Actually, in particular, the kitchen stands out to me.

0:31:280:31:31

I do think that's been done to a really good standard.

0:31:310:31:33

And the fact that the cellar's now been done, sort of fully,

0:31:330:31:36

just maximises the space that the property's got.

0:31:360:31:39

And, if this property was to be put on the resale market,

0:31:390:31:42

how much could it be expected to make?

0:31:420:31:45

I would say if we were marketing the property we'd actually market the property for £250,000.

0:31:450:31:50

If I was asked to sell this property in the current market

0:31:500:31:52

I would recommend an asking price of £275,000.

0:31:520:31:57

OK, that's really good. It was in the ballpark for what we thought.

0:31:570:32:00

The agent giving the higher value thought it was worth testing the market at the £275,000 level.

0:32:000:32:07

If they did sell it for that it would give them a potential profit of 105,000 minus taxes and fees.

0:32:070:32:14

And this was going to be their first step on the property ladder,

0:32:140:32:18

so will they be climbing higher?

0:32:180:32:19

I feel like my heart's in the skies, unfortunately,

0:32:200:32:24

so what we probably will do is just stay in the house

0:32:240:32:26

for a little bit longer, see what happens next year, really.

0:32:260:32:30

You never know. Something might change.

0:32:300:32:32

This is Caterham, a Surrey town that is popular with commuters

0:32:380:32:42

due to its close proximity to London.

0:32:420:32:44

It has a rail station with services into London Victoria

0:32:440:32:48

or London Bridge, plenty of bus routes,

0:32:480:32:51

as well as easy access onto the M25 motorway.

0:32:510:32:54

Well, five minutes' drive from the centre of town and the train station

0:32:550:32:59

is the property I'm here to see in this really nice residential street.

0:32:590:33:03

£280,000-plus was the guide price for a three-bedroom semidetached.

0:33:030:33:09

Now, it's down at the end of this fairly steep drive

0:33:090:33:12

but hopefully we'll try and get down there safely and see what it's like inside.

0:33:120:33:16

# It's so easy to slip

0:33:160:33:20

# It's so easy to fall... #

0:33:200:33:23

One thing for sure - I wouldn't fancy walking down here

0:33:230:33:27

when it's icy or been snowing.

0:33:270:33:29

Fortunately, there's also stairs with a handrail.

0:33:290:33:32

Best make sure the car handbrake is in full working order.

0:33:320:33:36

That steep driveway aside, a very appealing property.

0:33:380:33:41

And straight through the door it has that feeling of this era of house.

0:33:410:33:48

So you've got your stairs up to your bedrooms and things there.

0:33:480:33:51

I'd like to see, you know, some kind of thing on the edge there.

0:33:510:33:55

I'm not sure that's up to current building regulations.

0:33:550:33:58

Through to a kitchen. Now, tiny kitchen.

0:33:580:34:00

For some reason these type of houses had, I don't know,

0:34:000:34:03

not the open-plan feel that we like these days.

0:34:030:34:05

But through this way and you've got a very classic dual-aspect living space.

0:34:050:34:09

Bay window here.

0:34:090:34:12

And in general it doesn't seem to be in too bad a condition.

0:34:120:34:15

I've not seen any major signs of damp.

0:34:150:34:17

But it would definitely benefit from a bit of modernisation.

0:34:170:34:21

It doesn't look like it's been really touched that much for quite a while.

0:34:210:34:24

But all the basics are here.

0:34:240:34:26

But before you get involved in the nice-to-dos let's think about the must-dos.

0:34:260:34:31

And straightaway I'm thinking, I wonder about this wall. Can we take this out?

0:34:310:34:34

Can we open it through into the kitchen to create a

0:34:340:34:36

really nice kitchen and living space here?

0:34:360:34:39

Because then you'd have this room, kitchen,

0:34:390:34:41

great doors out onto the garden, and you start to get a really nice feel.

0:34:410:34:47

But, you know, as a starting point, pretty good.

0:34:470:34:50

And now for the bad.

0:34:520:34:54

The textured walls and ceilings.

0:34:540:34:56

I think they've got to go so a total re-skim is required.

0:34:560:35:00

Also bad - the heating and wiring will likely need replacing,

0:35:000:35:03

along with the carpets.

0:35:030:35:05

And then there's this.

0:35:050:35:08

They call... They... They call me Roberts.

0:35:080:35:11

That doesn't sound good, does it?

0:35:110:35:13

It's not a Wild West kind of name, is it? Roberts.

0:35:130:35:15

No, you wouldn't see it on a poster.

0:35:150:35:17

"Wanted!"

0:35:170:35:19

It needs to be Clint or, or...

0:35:190:35:21

I don't know, something vicious and... Anyway, whatever.

0:35:230:35:25

Random thing to have in the kitchen. What is the point of that?

0:35:250:35:29

Really? I suppose there was a time when, yeah, that would have worked.

0:35:290:35:33

But the kitchen itself doesn't work.

0:35:330:35:34

I definitely think knocking that through is the way to go because you need that space.

0:35:340:35:40

At the moment...

0:35:400:35:42

..it's not even a spaghetti western.

0:35:430:35:45

It's not even a spaghetti restaurant.

0:35:450:35:47

-It just doesn't work.

-THE GOOD THE BAD AND THE UGLY THEME

0:35:470:35:49

Just remember, if you knock down walls you should have professionals check they're not structural.

0:35:490:35:55

And make sure to stay away from cowboy builders.

0:35:550:35:58

So, what we've got so far then is a pretty-decent-but-in-need-of-tender- loving-care semi-detached.

0:35:590:36:05

But step outside here and it all changes.

0:36:050:36:07

Not only have you got this two-storey garage,

0:36:070:36:09

which is quite nice as an additional feature, but look at this.

0:36:090:36:13

Oh, my golly gosh.

0:36:130:36:15

I was not expecting that.

0:36:150:36:17

A truly outstanding garden leading down to a railway line at the bottom there.

0:36:170:36:21

It just completely changes the feel of this property.

0:36:210:36:25

# A moment changes everything

0:36:250:36:28

# When a moment changes everything... #

0:36:280:36:35

This really opens up our options for making that kitchen bigger.

0:36:350:36:38

You could extend out the back or even up.

0:36:380:36:41

You could go out to the side and incorporate the two-storey garage,

0:36:410:36:45

though the foundations would need to be reinforced or underpinned,

0:36:450:36:49

as a neighbour tells us there could be subsidence issues.

0:36:490:36:53

Back inside and upstairs you have three bedrooms, two doubles -

0:36:530:36:57

one with a lovely bay window - and a small single boxroom.

0:36:570:37:01

There's also a very dated family bathroom, a very brown bathroom.

0:37:020:37:07

In fact, brown seems to be a bit of a theme in this house.

0:37:070:37:10

But I'm not browned off, I do actually quite like the place.

0:37:120:37:16

Let's see if a local estate agent agrees.

0:37:160:37:18

Does he think the property would benefit from increasing in size?

0:37:180:37:22

Extending would definitely be an option cos it has a really good-sized garden.

0:37:220:37:25

I would go for a double-storey extension

0:37:250:37:28

and then hopefully offering an extra

0:37:280:37:31

bathroom and good reception rooms downstairs.

0:37:310:37:34

I think an extension is definitely the way to go for family living.

0:37:340:37:38

But how does this property, guided at £280,000-plus,

0:37:380:37:41

stack up financially?

0:37:410:37:43

Once renovated this property could sell for £445,000-£465,000.

0:37:460:37:52

If you extend the property into a double-storey extension

0:37:520:37:54

you'd be looking at £475,000-£495,000.

0:37:540:37:59

Well, a pretty decent house becomes an amazing house the moment you step

0:38:010:38:06

out of that back door.

0:38:060:38:08

It has great potential.

0:38:080:38:09

If you check the prices of similar properties on the street and for

0:38:090:38:12

anything like that guide price it's a great one to go for.

0:38:120:38:15

Let's see who bought it when it went under the hammer.

0:38:150:38:18

A three-bedroom semi-detached house in need of modernisation.

0:38:200:38:23

Who would like to get me started on this?

0:38:230:38:25

300,000. Wouldn't go too much lower.

0:38:250:38:28

What about 280 and go upwards from there?

0:38:280:38:31

280. Thank you, 280, I've got.

0:38:320:38:34

The bidding took a while to get going but it slowly climbed.

0:38:340:38:37

We rejoin at 315,000.

0:38:370:38:39

315?

0:38:390:38:41

Have a think about it.

0:38:410:38:43

It's with the gentleman here on my right. Bid's at 315,000.

0:38:430:38:46

Anybody else? 317.

0:38:460:38:48

OK. 318.

0:38:480:38:50

Thank you. 320 on my right.

0:38:500:38:52

Have a think. If not, 318 for the first, for the second,

0:38:530:38:58

318 for the third and final time.

0:38:580:39:01

Are we all done? No, a little way off on that.

0:39:010:39:04

# Cos, baby, it ain't over till it's over... #

0:39:040:39:09

The hammer didn't fall but Rachel, who is an operations manager,

0:39:100:39:14

was at the auction and was able to strike a deal later for 320,000.

0:39:140:39:19

She came along with husband Tim, who's a teacher,

0:39:210:39:24

to tell me about their plans.

0:39:240:39:26

-Rachel, Tim, great to meet you both.

-Yes.

-You too.

-Congratulations.

0:39:270:39:30

-Thank you.

-What a nice house.

-It's lovely. It's really lovely.

0:39:300:39:33

So, tell me why you wanted to buy it.

0:39:330:39:36

Well, we'd be looking for a while and...

0:39:360:39:38

..we just stumbled upon it on the internet

0:39:390:39:42

and found it and just kind of... My mum really pushed it.

0:39:420:39:44

She was like, "This is amazing, you need to go for it."

0:39:440:39:46

-Oh, wow.

-So, we did.

-So, you've bought it why?

0:39:460:39:49

Is it as an investment, or what?

0:39:490:39:50

No, it's going to be our forever home, hopefully.

0:39:500:39:53

-Oh, great.

-We're going to move in ourselves and do it all up gradually.

0:39:530:39:57

So, what was it about the house in particular that you liked?

0:39:570:39:59

I think we were looking for a three-bed,

0:39:590:40:02

and something that was affordable that we could kind of move into,

0:40:020:40:06

-needed a bit of work, but...

-It was a really good size for us.

0:40:060:40:09

-The garden is...

-Amazing.

-..absolutely amazing.

0:40:090:40:12

It's just so good.

0:40:120:40:14

We're not massively big gardeners but my mother-in-law is a very keen gardener.

0:40:140:40:18

-Oh, phew.

-So, hopefully she's going to take over some of the work for us.

0:40:180:40:22

Well, mum-in-law Sarah's green fingers have some work to do.

0:40:230:40:27

But then again Rachel and Tim have a lot to do inside.

0:40:270:40:31

We're going to transform the kitchen, make that modern.

0:40:340:40:38

New floors throughout because we've got some lovely brown carpets

0:40:380:40:41

everywhere, which I think we'd like to replace.

0:40:410:40:43

And then the rest, kind of give it a good clean,

0:40:430:40:46

new bathroom probably as well, and just,

0:40:460:40:48

you know, redecorating gradually, work on it from there.

0:40:480:40:51

So, is the plan then to move in first

0:40:510:40:54

and then do the jobs while you're here, or what?

0:40:540:40:56

Yeah, I think it will be a gradual move in.

0:40:560:40:58

So I think we're going to update the ground floor first of all and then gradually start moving in.

0:40:580:41:04

-Right.

-We may be staying with hotel mum and dad for a couple of weeks.

0:41:040:41:07

-Yeah.

-Ah, yes, the finest hotel there is.

0:41:070:41:12

Especially when the owners swing by to get stuck into the DIY.

0:41:120:41:15

My dad is going to be doing a lot of the work as well.

0:41:170:41:20

-Ah.

-He's very helpful.

-Is he handy?

-He's very handy, yeah.

0:41:200:41:24

As a child we moved into a house that needed a lot of work doing,

0:41:240:41:28

so he did a lot of that himself as well.

0:41:280:41:30

-I remember tiling the bathroom when I was about eight years old with him, so...

-Wow.

0:41:300:41:34

..I've got some experience there.

0:41:340:41:36

-Right.

-So, yeah, hopefully by doing a lot of the stuff ourselves

0:41:360:41:40

-we can save a bit of money.

-And Tim, are you handy?

0:41:400:41:43

-Not at all, no.

-Ah.

-I'm terrible at DIY.

0:41:430:41:47

I leave that all to Rachel.

0:41:470:41:49

I'm sure Tim will pitch in while Rachel and her dad crack on with the

0:41:490:41:52

work, which they'll be doing themselves

0:41:520:41:55

to keep costs under ten grand,

0:41:550:41:56

and are aiming to do it in six to eight months.

0:41:560:41:59

The couple also have a long-term goal of building a two-storey extension on the side of the house.

0:41:590:42:04

But that will need to wait after blowing their savings at the auction.

0:42:040:42:07

I went with my dad.

0:42:100:42:12

We got there really early so we were kind of watching what was going on

0:42:120:42:15

beforehand and crept in at the right time.

0:42:150:42:18

We had an idea of where we were going to go up to.

0:42:180:42:20

But when they said it didn't meet the reserve we were very excited

0:42:200:42:23

and we quickly made our way to find the right person

0:42:230:42:25

-and we were able to get a really good deal.

-Yeah.

0:42:250:42:27

So that whole side of it was really, really great.

0:42:270:42:30

How much over your budget did you have to go?

0:42:300:42:32

-A little bit?

-We only went another ten over our budget.

0:42:320:42:35

-OK.

-And because we were able to have that time to go over our numbers and

0:42:350:42:40

work it all out, we thought, you know what?

0:42:400:42:42

It's still a really good price for this.

0:42:420:42:44

-Yeah, yeah.

-So let's still go for it.

0:42:440:42:46

Listen, congratulations. Good luck. I can't wait to see how you get on.

0:42:460:42:49

-Thank you so much.

-Thank you. Cheers.

0:42:490:42:52

I always love it when we hear stories about people buying stuff

0:42:530:42:56

at auction that ends up being their actual home.

0:42:560:42:59

And getting, perhaps, places they couldn't afford otherwise.

0:42:590:43:02

Still, budget is tight.

0:43:020:43:04

Will they manage to turn this place into their dream place to live?

0:43:040:43:08

You can find out later in the show.

0:43:080:43:11

Property renovation is not an exact science.

0:43:140:43:17

There are always several ways you could go.

0:43:170:43:19

Well, we've seen how one property buyer did it.

0:43:190:43:21

But what about the other two? Let's go back and find out.

0:43:210:43:24

Alvaston, Derbyshire.

0:43:270:43:28

Familiar? It should be because we're going back in time -

0:43:280:43:31

not just in terms of the programme but historically, too -

0:43:310:43:35

to one of the few remaining concrete constructed post-war prefabs

0:43:350:43:40

that haven't been disguised by a brick overcoat.

0:43:400:43:44

It really stands out.

0:43:440:43:45

This is our three-bedroom house with a guide price of £38,000.

0:43:450:43:49

Let's go look.

0:43:490:43:51

Prefabs were first built in 1948 and this one had remained

0:43:510:43:55

frozen in time on the outside since it was built in just a couple of days.

0:43:550:44:00

Amazing that a temporary house still stood over seven decades later.

0:44:000:44:05

It was a bit like a museum inside, too.

0:44:050:44:08

Everything's come back into fashion. This is a retro-feeling house.

0:44:080:44:12

Here you have a solid chimney breast.

0:44:120:44:14

Now, removing that would give you extra room,

0:44:140:44:17

and also it's not as big a job because, of course,

0:44:170:44:19

the roof's just above you.

0:44:190:44:21

It was bought for 80 grand by Carl on behalf of an overseas investor

0:44:220:44:27

to do up and sell.

0:44:270:44:29

Helping with the work was his son Shane -

0:44:290:44:31

a joiner who also works for his dad's executive security firm.

0:44:310:44:35

And looking after the back-office

0:44:350:44:37

book-keeping was Carl's daughter Nicola.

0:44:370:44:40

I asked Carl and Shane what decisions had been made about

0:44:400:44:44

the property's refurbishment future.

0:44:440:44:47

The chimney might come out.

0:44:470:44:48

I've got indecision also about making it into a kitchen/diner by

0:44:480:44:52

removing one of the bedrooms and extending through.

0:44:520:44:55

Carl was going over to Spain to do some work on the investor's house there.

0:44:550:44:59

Meanwhile, poor old Shane was going to be holding the fort back here.

0:44:590:45:03

They say you shouldn't work with family.

0:45:040:45:05

He's my little boy. He does what he's told.

0:45:050:45:07

Little big boy. THEY LAUGH

0:45:070:45:10

Prefabs may not have much kerb appeal but inside there were three double bedrooms,

0:45:100:45:15

a large kitchen and lounge.

0:45:150:45:18

I really warmed to the bungalow and, in some ways,

0:45:180:45:21

was sad to see this time capsule move into the 21st century.

0:45:210:45:26

But I was glad that I'd been privy to see its contents

0:45:260:45:30

before father and son began the stripping out and refurb.

0:45:300:45:33

What's your budget?

0:45:350:45:36

The buyer has strictly instructed that the budget

0:45:360:45:39

has to come in below 30,000.

0:45:390:45:42

Carl and Shane had forecast five months for the work and we are

0:45:420:45:45

back four and a half months later to see the changes.

0:45:450:45:48

# It's nice work if you can get it

0:45:480:45:52

# And you get it if you try... #

0:45:520:45:57

Carl and Shane did most of the clearing of the house and site,

0:45:570:45:59

calling in specialist trades like an electrician and a mini-digger driver

0:45:590:46:04

to excavate the footings.

0:46:040:46:06

In case you didn't know, footings are placed

0:46:060:46:09

under all the load-bearing parts of the foundation and are usually concrete.

0:46:090:46:13

So were there any snags?

0:46:130:46:16

No really nasty surprises,

0:46:160:46:18

except for the amount of ground that's come out from the property.

0:46:180:46:21

-Yeah.

-The depth of the footings.

0:46:210:46:24

Apart from that...

0:46:240:46:26

-No, we've not had many hiccups, have we?

-No, we'd call it a success.

0:46:260:46:30

Well, moving the estimated 70 tonnes of soil for the footings and the

0:46:320:46:36

landscaping, and the fencing, would definitely be a success in my book.

0:46:360:46:41

Apart from that, I can't help wondering why we're back early.

0:46:410:46:45

OK, the chimney's gone but the roof still needs doing and inside is far from complete.

0:46:450:46:50

And, well, the brickwork isn't either. So, what's going on?

0:46:500:46:54

The property at the present time is not finished because an underbidder at the auction

0:46:560:47:02

has come in and taken it off the buyer's hands.

0:47:020:47:05

They made an offer and a bid to purchase the property in its current condition.

0:47:050:47:10

You know, we got intervened halfway through.

0:47:100:47:12

So, a rival bidder who tried to buy the prefab at auction now owns the

0:47:120:47:17

property, which means Carl and Shane won't have to finish this project.

0:47:170:47:21

Meanwhile, it hasn't all been work and no play.

0:47:210:47:25

I've just taken two weeks off this project to go and have a relaxing time in Spain.

0:47:250:47:30

I've just recently been to Dubai as well.

0:47:300:47:32

We just got back. We do a lot.

0:47:320:47:35

It's a bonus for us really because we originally started with five to six months

0:47:350:47:39

and when we take into account the vacations we've had,

0:47:390:47:43

we've probably brought this project in within six weeks of working to this stage.

0:47:430:47:49

Nicola checked the books and found that of the 30 grand forecast budget,

0:47:490:47:53

they'd only spent ten.

0:47:530:47:56

I would quite comfortably say that we could bring it to a good finished

0:47:560:48:01

standard with the £20,000 that's left.

0:48:010:48:04

We've looked at spending £5,000 on the roof

0:48:040:48:08

and then all the interior and outside,

0:48:080:48:10

as far as I'm concerned, is really manageable.

0:48:100:48:14

Any disputes regarding the work along the way?

0:48:140:48:17

I guess I always have the final say.

0:48:180:48:20

-There's no doubt there.

-LAUGHS

0:48:200:48:23

The property has, of course, been sold on

0:48:230:48:26

but we asked two agents along to give us their thoughts on

0:48:260:48:30

this prefab and whether it's on the right road for the market.

0:48:300:48:34

I personally feel the key factor now is that externally

0:48:360:48:38

it's had an additional brick skin.

0:48:380:48:41

That, in the eyes of the lenders,

0:48:410:48:43

will certainly help on the mortgageability side.

0:48:430:48:46

However, internally it has no kitchen and bathroom with it.

0:48:460:48:49

They will also look at that.

0:48:490:48:51

Externally, the property's going to

0:48:510:48:52

look a lot better with the brickwork completed.

0:48:520:48:54

That way it will look normal.

0:48:540:48:56

And the change in providing the additional driveway and parking is

0:48:560:49:00

something most people are really going to appreciate.

0:49:000:49:03

Carl's client in Spain bought for 80 grand,

0:49:030:49:07

so spent a further ten grand on it.

0:49:070:49:09

So what would its current value stand at?

0:49:090:49:12

Considering the amount of work that's yet to be carried out,

0:49:130:49:17

the property at the moment ought to be somewhere around about the £100,000 mark.

0:49:170:49:21

Carl's client in Spain managed to sell for £103,000,

0:49:210:49:25

so is on for a 13 grand profit before tax and expenses.

0:49:250:49:30

As it stands there's still a good profit for six weeks' work.

0:49:300:49:35

But what would the property be worth when completed?

0:49:350:49:38

It's likely to achieve in the region of £140,000.

0:49:380:49:41

These properties have been known to make around 150 when they're completed to a high standard.

0:49:410:49:46

We're happy with that, yeah.

0:49:460:49:48

And on the rental market after completion?

0:49:480:49:50

I would anticipate a likely income of £625-650 per calendar month.

0:49:500:49:56

Wow. That's a shock.

0:49:560:49:58

Yeah, I wouldn't have expected so high with it being a bungalow.

0:49:580:50:02

We estimated 450, 475.

0:50:020:50:06

That's good figures.

0:50:060:50:08

And, never ones to miss an opportunity,

0:50:080:50:11

the chaps have put quotes forward to the new owners

0:50:110:50:14

to complete the roof and interior works and they're hopeful.

0:50:140:50:17

I'd say I would like to finish it, yeah.

0:50:170:50:19

We took it on with all intentions of finishing it,

0:50:190:50:21

so if the price is right we'll finish it.

0:50:210:50:24

After that this temporary dwelling should be good for another 70 years at least.

0:50:240:50:30

THE GOOD THE BAD AND THE UGLY THEME

0:50:330:50:35

Time to return to Caterham in Surrey.

0:50:370:50:39

Some things were good about this three-bed semi.

0:50:390:50:42

It had a good sized open-plan living space

0:50:420:50:45

plus a double-storey garage that offered potential for extending,

0:50:450:50:49

and a guide price of £280,000-plus.

0:50:490:50:53

The bad was the steep access to the front and then there was the ugly.

0:50:530:50:58

They call... They... They call me Roberts.

0:50:590:51:03

Look, I meant the door was the... Oh, never mind.

0:51:030:51:06

Random thing to have in the kitchen. What is the point of that?

0:51:060:51:09

All in all I thought this was a rootin' tootin' property.

0:51:090:51:13

OK, OK, time to round up this story.

0:51:130:51:17

There wasn't a lot wrong with this place and most of it looked like it

0:51:170:51:20

could be cosmetic if you didn't feel the need to extend.

0:51:200:51:23

And the garden, well, it was a cracker.

0:51:230:51:26

Rachel and Tim thought so, too, as they picked it up for £320,000 after it didn't sell at the auction.

0:51:290:51:35

They had plans to make it their forever home with help from Rachel's dad.

0:51:350:51:39

Not that Rachel is shy of a bit of DIY.

0:51:390:51:42

I remember tiling the bathroom when I was about eight years old with him.

0:51:420:51:45

-Tim, on the other hand....

-I'm terrible at DIY.

0:51:450:51:48

I leave that all to Rachel.

0:51:480:51:51

Well, you have to admire Tim's honesty.

0:51:510:51:53

They were intending to move in and do their new home up gradually

0:51:530:51:57

and have it shipshape in six to eight months for £10,000.

0:51:570:52:01

Well, we're back just shy of a year later to see how they've settled in.

0:52:030:52:07

Oh, I see the house is done up but

0:52:130:52:15

no sign of Rachel and Tim at the moment. Hm.

0:52:150:52:17

Well, I guess we'll have to leave it up to their cats, Tyrion and Renly,

0:52:170:52:20

to give us the house tour.

0:52:200:52:23

# Because a cat's the only cat Who knows where it's at... #

0:52:230:52:28

Through to the dining room, Renly, if you don't mind.

0:52:340:52:37

The place has had a fresh coat of paint

0:52:410:52:44

and looks like the cat's whiskers.

0:52:440:52:46

And what about the kitchen?

0:52:460:52:48

Did they get rid of those swing doors?

0:52:480:52:50

It looks paws-itively different in here.

0:52:530:52:56

It may only be small but they have really utilised the space purr-fectly.

0:52:560:53:02

Over to Tyrion to show us upstairs.

0:53:020:53:04

# Because a cat's the only cat Who knows where it's at

0:53:040:53:10

# While playin' jazz you always has a welcome mat

0:53:100:53:13

# Cos everybody digs a swingin' cat... #

0:53:130:53:16

The second bedroom has been repainted,

0:53:200:53:22

as has the master bedroom.

0:53:220:53:24

Rachel and Tim have two good-sized

0:53:250:53:27

double bedrooms while the third serves as an office.

0:53:270:53:31

And I'm glad to report that that mud-coloured bathroom is gone,

0:53:330:53:37

replaced with a sparkly new suite.

0:53:370:53:39

They really have done a great job modernising this home.

0:53:430:53:46

But what about that big selling feature, the back garden?

0:53:490:53:53

Don't worry, Tyrion, you've done enough.

0:53:530:53:55

We'll get the door.

0:53:550:53:57

The huge outdoor space has been spruced up,

0:54:000:54:02

creating plenty of space for the cats to play.

0:54:020:54:06

Speaking of which, thanks for the tour, boys,

0:54:060:54:08

but we should probably hand this interview over

0:54:080:54:11

to Tim and Rachel now.

0:54:110:54:12

They gradually moved into their home,

0:54:150:54:17

renovating each room at a time, while staying at Mum and Dad's.

0:54:170:54:21

Dad Mike was meant to be the designated DIY man

0:54:210:54:24

but did Tim get stuck into any of the work?

0:54:240:54:28

I'm pretty nifty with a paintbrush now.

0:54:280:54:30

I've painted enough of this house, I think,

0:54:300:54:33

and sort of done lots of the undercoat wood.

0:54:330:54:35

-Yeah.

-And glossing and everything like that.

0:54:350:54:37

Rachel's dad's been really helpful in the sort of just showing me

0:54:370:54:40

how to do it and then sort of leaving me to it really.

0:54:400:54:43

I've done a lot in the house as well,

0:54:430:54:45

especially when we replastered down here.

0:54:450:54:47

I've painted all banisters and I was helping my dad quite a lot as well.

0:54:470:54:51

My dad did quite a lot of the house, I have to say.

0:54:510:54:54

He was here at the very early start as well.

0:54:540:54:57

So he's knocked out the arch that we're standing under.

0:54:570:55:01

He's installed pretty much the whole kitchen,

0:55:010:55:04

bar the sort of plumbing and electrics that we've left to professionals.

0:55:040:55:08

He's done a lot of the painting, as well. He's done loads.

0:55:080:55:10

Every sort of a few days or weeks he's come back and he's

0:55:100:55:13

put things up and things like that, so it was really good.

0:55:130:55:17

Sounds like Mike really is super dad.

0:55:170:55:19

But did anything ring alarm bells for them?

0:55:190:55:21

There were sort of alarms around the house -

0:55:230:55:25

sort of security alarms things.

0:55:250:55:27

And I decided on a whim to press one to see what would happen,

0:55:270:55:32

to see if the alarm system was working.

0:55:320:55:34

-And it turns out it was...

-Yeah.

0:55:340:55:36

And set off the alarm outside, so I had to lean out of the window...

0:55:360:55:40

-Yeah.

-..with Rachel holding on to my feet...

-Yeah.

0:55:400:55:43

..with a crowbar, crowbarred the alarm off of the wall,

0:55:430:55:46

and it still kept going.

0:55:460:55:48

So, I had to then just smash it to pieces

0:55:480:55:50

until the alarm stopped going,

0:55:500:55:52

which was, yes, very entertaining.

0:55:520:55:54

-Yeah.

-Rachel didn't find that funny.

-No.

-But I found it quite funny.

0:55:540:55:58

Tim, Tim, some things you shouldn't do yourself.

0:55:580:56:01

One thing the couple thought they might tackle in the future was an

0:56:010:56:05

extension but there had been rumblings about potential subsidence,

0:56:050:56:09

which they might need to take into consideration.

0:56:090:56:12

Have they done anything about that?

0:56:120:56:14

We have had a couple of people in who've had a look at the house

0:56:150:56:19

and I think we're happy with it as it is at the moment.

0:56:190:56:21

We've had a few bits re-rendered on the outside,

0:56:210:56:23

so hopefully that will help everything.

0:56:230:56:26

For the moment the couple are happy to enjoy their fairly spacious home as it is.

0:56:260:56:29

The extension can wait.

0:56:290:56:31

So, have they spent their £10,000 budget?

0:56:310:56:34

We've been quite flexible with the budget.

0:56:360:56:37

We've kind of done things as and when we've had the money.

0:56:370:56:40

So, each month we've kind of done a bit more.

0:56:400:56:43

And I think in total we've spent about £12,000.

0:56:430:56:47

That makes a total investment of 332,000, so a little over budget.

0:56:470:56:53

But when it's your own home you always want to get it

0:56:530:56:55

just the way you want.

0:56:550:56:56

Tim and Rachel are still going to be doing jobs as they go,

0:56:560:57:00

but what did two estate agents think of their handiwork so far?

0:57:000:57:04

So the standard's good. They've done it very neutral as well,

0:57:040:57:07

so it's one of those where a buyer can move straight into.

0:57:070:57:10

The property's laid out in a very user-friendly fashion,

0:57:100:57:13

two separate reception rooms and a modern kitchen,

0:57:130:57:15

two very good-sized bedrooms and a third,

0:57:150:57:18

which is great for a nursery or a young child.

0:57:180:57:20

This is Rachel and Tim's forever home

0:57:210:57:24

but so far they have invested £332,000 in it.

0:57:240:57:28

So are they still ahead in the valuation stakes?

0:57:280:57:31

In terms of resale value I would suggest between £385,000 and £390,000.

0:57:310:57:38

The resale value is probably about on a guide

0:57:380:57:43

of £385,000-£395,000.

0:57:430:57:46

-Fantastic.

-That is really good.

-Yeah, great.

-Really happy with that.

0:57:460:57:50

The top valuation of 395,000 would mean a potential profit

0:57:500:57:53

of £63,000 minus taxes and fees.

0:57:530:57:57

So now they have a great home, what's next for them?

0:57:570:58:01

Lots to do for the future, really.

0:58:010:58:03

Possibly some children along the way in the next few years.

0:58:030:58:06

We've got a couple of rooms to fill.

0:58:060:58:09

But at the moment the kittens are keeping us on our toes and, yeah,

0:58:090:58:13

we'd just like to settle into the community a lot more.

0:58:130:58:16

Have we got you excited about visiting your local property auction?

0:58:190:58:23

I hope so. But you can still get your own fix without ever leaving the sofa.

0:58:230:58:27

Yes, just pop the kettle on, brew the tea,

0:58:270:58:29

and join us next time for more Homes Under The Hammer.

0:58:290:58:32

-Bye-bye.

-Goodbye.

0:58:320:58:34

A detached house in Strood in Kent, a prefab bungalow in Alvaston in Derby and a large three-bedroom semi-detached with an enormous garden in Caterham in Surrey are sold under the hammer. Martin, Martel and Lucy view the lots before hearing what the new owners have planned.


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