0:00:02 > 0:00:06Up and down the country, super rich teens and 20-somethings
0:00:06 > 0:00:10are snapping up the hottest properties money can buy.
0:00:10 > 0:00:11This is where the mistress would be.
0:00:11 > 0:00:14You could hide your lover in here when your husband gets home.
0:00:14 > 0:00:17How to be a property millionaire, I do like to read that.
0:00:17 > 0:00:20Unless you've got a trust fund, or been bankrolled by mum and dad.
0:00:20 > 0:00:26Some people can work all their life to become a millionaire. I just adopted it.
0:00:26 > 0:00:31The average first-time buyer now reaches a whopping 38 years old.
0:00:31 > 0:00:3438! Bloody hell.
0:00:36 > 0:00:39Britain's youth are in danger of becoming a generation
0:00:39 > 0:00:42who can't afford to buy their own homes.
0:00:42 > 0:00:46This series follows some of the UK's most affluent young people...
0:00:46 > 0:00:48I don't care about this money I'm making.
0:00:48 > 0:00:5180 bottles of Dom Perignon, a couple of bottles of Cristal...
0:00:51 > 0:00:52standard weekend, really.
0:00:52 > 0:00:55I'll make a hundred times as much in about ten years' time.
0:00:55 > 0:00:58..as they hunt for their perfect pads...
0:00:58 > 0:01:02- Yeah, this is a bit of me! - Oh, I love this.
0:01:02 > 0:01:04And there's a walk-in wardrobe.
0:01:04 > 0:01:07..and go on a serious spending spree.
0:01:07 > 0:01:11That's definitely the sort of theme I'm going for. £700 is a good bargain.
0:01:11 > 0:01:13It's gonna be extortionate.
0:01:13 > 0:01:16- This one's £420,000.- 799,950.
0:01:16 > 0:01:18Er, on the market for about £2.25m.
0:01:18 > 0:01:21There is no question, I'll become a success with property.
0:01:21 > 0:01:25We got it! Yeah, oh, my God!
0:01:25 > 0:01:31In tonight's show, a 25-year-old playboy has 800 grand
0:01:31 > 0:01:33to find somewhere as beautiful as he is.
0:01:33 > 0:01:36- That's fine.- I hate the building, and I hate the view.
0:01:36 > 0:01:40A 19-year-old jewellery junkie jumps feet-first into house buying.
0:01:40 > 0:01:43- Maximum price.- 500,000? - I was thinking two mil.
0:01:43 > 0:01:48And a 24-year-old mummy's girl goes shopping for a fabulous new flat.
0:01:48 > 0:01:50Mummy, I can see why it's not over a million, can you?
0:01:50 > 0:01:53Maybe we should buy the block!
0:02:02 > 0:02:04Meet 25-year-old playboy Luke.
0:02:04 > 0:02:07My name's Luke, I'm 25 years old,
0:02:07 > 0:02:09and I've got a budget of about 500 to £800,000.
0:02:09 > 0:02:13He currently lives in the lap of luxury in Brentwood, Essex,
0:02:13 > 0:02:17at his godfather's £2m house, rent-free.
0:02:17 > 0:02:21It's got its own private gates, entrance, driveway, erm...
0:02:21 > 0:02:25Italian marble in the kitchen, so I'd consider it to be quite luxurious.
0:02:25 > 0:02:28It would be nice just to have a place which I could call my own,
0:02:28 > 0:02:32which has my own touch, I can design it myself.
0:02:32 > 0:02:36Luke has a 50 grand deposit, and his mum, a successful property developer,
0:02:36 > 0:02:41has agreed to top up any extra cash he may need.
0:02:41 > 0:02:45Massive mummy's boy. I just told her I needed some money and gave her
0:02:45 > 0:02:49the little wink and smile and she was foolish enough to lend it.
0:02:49 > 0:02:51I'm gonna go and get some cookies.
0:02:51 > 0:02:55Luke's mum has worked hard from an early age.
0:02:55 > 0:02:56I'll see you in a sec.
0:02:56 > 0:03:00I started working for myself buying stuff, selling it,
0:03:00 > 0:03:02and just made a living, living off my wits.
0:03:02 > 0:03:06But Luke doesn't believe in hard graft.
0:03:06 > 0:03:10I'm not a fan of work, it's as pure and simple as that, work to me is not fun.
0:03:10 > 0:03:13My biggest dilemma I've got is whether it's gonna be sunny
0:03:13 > 0:03:16or cloudy, to whether I go to the gym or whether I go and play a bit of golf.
0:03:16 > 0:03:19Tough life but someone's got to do it...
0:03:19 > 0:03:21But he does believe in looking good.
0:03:21 > 0:03:27Today I got my hair done, eyebrows done, sunbed, feet.
0:03:27 > 0:03:29The challenge for Luke is to find somewhere big
0:03:29 > 0:03:32and beautiful enough to house his ego.
0:03:32 > 0:03:35That's what dreams are made of.
0:03:35 > 0:03:38This world's a better place for me to be in it so I deserve everything I get.
0:03:38 > 0:03:42What exactly do you give to the world?
0:03:42 > 0:03:45I'm your host for the evening.
0:03:45 > 0:03:48Oh, my...!
0:03:48 > 0:03:54I'm Milly, I'm 19 and I'm looking for a house for about £400,000.
0:03:54 > 0:03:5719-year-old Milly lives next to Cheshire's Alderley Edge,
0:03:57 > 0:04:00one of the most expensive neighbourhoods in the UK -
0:04:00 > 0:04:04thanks to its wealth of celebrities and Premiership footballers.
0:04:04 > 0:04:07Alex Ferguson lives there, sometimes see him popping out.
0:04:07 > 0:04:12He let me out the other morning actually, gave me a little wave.
0:04:12 > 0:04:16Milly's parents have grand plans to renovate their Cheshire home
0:04:16 > 0:04:19to rival any footballer's mansion.
0:04:19 > 0:04:21A big job, so we're moving out.
0:04:21 > 0:04:24We don't want to rent anywhere, we want to buy something we can keep.
0:04:24 > 0:04:26Even though she's a teenager,
0:04:26 > 0:04:31Milly's being entrusted with the job of choosing a place for them all to move into,
0:04:31 > 0:04:34and in return she gets to keep it afterwards.
0:04:34 > 0:04:36Brilliant, bachelorette pad.
0:04:36 > 0:04:39She wants to get on the housing market, so it's a great opportunity.
0:04:39 > 0:04:43But Milly doesn't always see eye-to-eye with her parents.
0:04:43 > 0:04:46I'm gonna need quite a lot of space,
0:04:46 > 0:04:48I'd say probably five or six bedrooms.
0:04:48 > 0:04:50Three bedrooms would be fine.
0:04:50 > 0:04:53I'm hoping that he would be able to splash out maybe a bit more
0:04:53 > 0:04:56if there's gonna be the five of us there.
0:04:56 > 0:04:59Maybe, half a million if I'm pushing it.
0:05:01 > 0:05:04Milly is no stranger to pushing her luck.
0:05:04 > 0:05:09After a year at uni, she's decided she wants more bling in her life
0:05:09 > 0:05:13and convinced her dad to give her a job in the family jewellery business.
0:05:13 > 0:05:16I started working for Dad about two-and-a-half weeks ago,
0:05:16 > 0:05:20borrowed some earrings, I think these ones are about £6,500.
0:05:20 > 0:05:24- Got a new bracelet, where's that from?- Wouldn't you like to know?
0:05:24 > 0:05:27I just love diamonds and sparkly stuff.
0:05:29 > 0:05:31I think I'm spoilt, but I don't think I'm a brat.
0:05:31 > 0:05:35- Gorgeous, £10,500.- Wow. I'm in love.
0:05:35 > 0:05:39Privileged would be a nice way to put it.
0:05:39 > 0:05:41Can I steal it?!
0:05:43 > 0:05:46In London, Sophia is starting out on her house hunt.
0:05:46 > 0:05:52Hi, I'm Sophia. I'm 24, last year I set up my own PR company
0:05:52 > 0:05:56and this year I'm looking for somewhere fabulous to live.
0:05:56 > 0:05:59I'm not going to look for anything above a million pounds,
0:05:59 > 0:06:02and I'm certainly not looking for anything under 495, because
0:06:02 > 0:06:05in London you can't get anything fabulous for under that price.
0:06:05 > 0:06:11Sophia currently rents in one of London's most luxurious complexes,
0:06:11 > 0:06:13situated in the East End of London.
0:06:13 > 0:06:16So this is my place, welcome.
0:06:16 > 0:06:21But this luxury comes at a cost of nearly £2,000 a month.
0:06:21 > 0:06:25I'm not really a fan of renting, I think that putting quite a lot of money in London
0:06:25 > 0:06:28into someone else's pocket is a bit of a waste.
0:06:30 > 0:06:33You've got lots of bits stuck in your hair!
0:06:33 > 0:06:36Sophia was raised on a private Yorkshire estate,
0:06:36 > 0:06:39so is accustomed to the finer things in life.
0:06:39 > 0:06:42Yeah, Peanuts was my pony when I was little.
0:06:42 > 0:06:45Very odd trousers you've got me in there, Mother.
0:06:45 > 0:06:48Luckily for Sophia, her mother has agreed to double any money
0:06:48 > 0:06:51she puts towards buying her own property.
0:06:51 > 0:06:55I keep telling her constantly how fortunate she is to have me.
0:06:55 > 0:06:57She is.
0:07:02 > 0:07:05Sophia's house hunt has begun, and to keep her only daughter on track,
0:07:05 > 0:07:08her mother has come down from Yorkshire.
0:07:08 > 0:07:12For Sophia, location is everything, and the ladies are en route to look
0:07:12 > 0:07:18at a flat in St John's Wood, one of the most expensive areas in London.
0:07:18 > 0:07:19Well, this one's priced at 940,000.
0:07:19 > 0:07:23We can easily gather some funds together
0:07:23 > 0:07:26and I'm sure Mummy would lend me some money if it was for property.
0:07:26 > 0:07:30I knew there was a reason for my being here.
0:07:30 > 0:07:35Sophia's mother is more than just her financial backer, she's also her best friend.
0:07:35 > 0:07:38She's someone that I feel very close to,
0:07:38 > 0:07:41she's always understanding, even if I do something totally stupid.
0:07:41 > 0:07:44- Mummy, I can see why it's not over a million, can you?- Mm.
0:07:44 > 0:07:47I mean, you could put granite floor here
0:07:47 > 0:07:50and then re-paint the whole thing, it would look much better.
0:07:50 > 0:07:53Maybe we should buy the block.
0:07:53 > 0:07:55Thank you.
0:07:55 > 0:07:58There are several things that I think would be fabulous.
0:07:58 > 0:08:00One is the lift coming up into my apartment.
0:08:02 > 0:08:05Butler, definitely.
0:08:05 > 0:08:06Is this the main bathroom?
0:08:06 > 0:08:08Yes, that's the family bathroom.
0:08:12 > 0:08:16OK, a bit small, huh? So this is the third?
0:08:16 > 0:08:20- Third room.- I don't think I'd get one of the beds in here though.
0:08:20 > 0:08:24I thought it was terribly claustrophobic, Sophia.
0:08:24 > 0:08:28You're paying for the location here, and that's the truth in the matter,
0:08:28 > 0:08:30you have to decide where you want to be.
0:08:30 > 0:08:35- I want to have a look at a few other places in St John's Wood and then get a clear idea.- OK.
0:08:39 > 0:08:43Deposits needed to buy a house are now at a 40-year high,
0:08:43 > 0:08:49and prospects for the first time buyer look bleak, but not for Luke.
0:08:49 > 0:08:52He wants to buy a place he can put his own stamp on,
0:08:52 > 0:08:55somewhere as handsome as him and his £800,000 budget.
0:08:57 > 0:08:59So, for his first viewing,
0:08:59 > 0:09:02he's picked one of the most expensive roads in Essex.
0:09:02 > 0:09:05One of the houses is absolutely enormous.
0:09:05 > 0:09:09I'm looking at the smallest one today and that's still £750,000.
0:09:09 > 0:09:13So what exactly does three quarters of a million get you in this part of the world?
0:09:13 > 0:09:17This is one of the spare bedrooms. Lovely wallpaper(!)
0:09:17 > 0:09:19It's like doing one of them things,
0:09:19 > 0:09:22bring it close to your eyes and see the image.
0:09:22 > 0:09:24Matching curtains, awful.
0:09:24 > 0:09:26For any of the kiddies that stays here,
0:09:26 > 0:09:29have a word with your parents, not good.
0:09:29 > 0:09:33Image-conscious Luke can't see beyond the cosmetic.
0:09:33 > 0:09:35OK, so this will be the bathroom.
0:09:35 > 0:09:40They've gone for the aqua colour, matching toilet, always looks well.
0:09:40 > 0:09:42When you're being sick you can't see it...
0:09:42 > 0:09:45And as lovely as the area and the place is,
0:09:45 > 0:09:48there's not one other thing I'd keep about it.
0:09:48 > 0:09:55Not one for DIY, next up, Luke views a three-bed house worth £600,000 in a very convenient spot.
0:09:55 > 0:09:59My golf club is literally about two seconds there, so...perfect for me.
0:09:59 > 0:10:02In here you've got the kitchen-breakfast room.
0:10:02 > 0:10:05Oh, this is nice, it's definitely more my taste.
0:10:05 > 0:10:09It's like a normal, run-of-the-mill family home. Am I ready to grow up?
0:10:09 > 0:10:11Don't think I'll ever be.
0:10:11 > 0:10:15While Luke dismisses the idea of buying a sensible family home,
0:10:15 > 0:10:18for 19-year-old Milly, it's essential.
0:10:18 > 0:10:21She's starting her house hunt and is toying with the idea
0:10:21 > 0:10:24of squeezing her whole family into a three-bed apartment.
0:10:24 > 0:10:29- Hello.- Hiya.- Milly. Nice to meet you, it's freezing, isn't it?
0:10:29 > 0:10:33Her parents have said they'll buy her a property as long as they can
0:10:33 > 0:10:36squat it in while the family home is renovated.
0:10:38 > 0:10:41- I really like this room. - It's a real party room.
0:10:41 > 0:10:44- I love how it's all open plan. - Yes.- Definitely.
0:10:44 > 0:10:52This place is in Milly's ideal location - Wilmslow town centre - and is on the market for £319,000.
0:10:52 > 0:10:55- And then this is the main bedroom here.- It's a bit small.
0:10:55 > 0:10:58Yeah, wondering whether that is double... It is double.
0:10:58 > 0:11:03- No, it's not a king.- It's a double. I've got a king.- Yeah.
0:11:03 > 0:11:08This is the main bathroom here. As you can see, it's a shower.
0:11:08 > 0:11:15Can I go for a wee? I'll be back in a sec. Oh, this has come loose.
0:11:20 > 0:11:23That upset me.
0:11:23 > 0:11:25I'd rather not have it fully furnished
0:11:25 > 0:11:27cos I wouldn't choose any of the sofas.
0:11:27 > 0:11:30It's like a nursing home.
0:11:31 > 0:11:35I mean, at least it wasn't a total shambles. It was great for the first viewing.
0:11:35 > 0:11:38I'm kind of new to it all and I'm looking.
0:11:38 > 0:11:42For £300,000, I don't know what you can expect it to be like.
0:11:48 > 0:11:51After a disappointing start to her house hunt,
0:11:51 > 0:11:5424-year-old Sophia has a new plan.
0:11:54 > 0:11:57So today we'll look at a few properties in Hampstead Garden
0:11:57 > 0:12:01suburb, which is quite exciting.
0:12:01 > 0:12:06My best friend Ruth is coming with me to give me some good solid advice.
0:12:06 > 0:12:08- I'm excited to see some properties. - I know.
0:12:08 > 0:12:12Before the girls go house hunting, Sophia is keen to show Ruth
0:12:12 > 0:12:15the level of luxury she's become accustomed to,
0:12:15 > 0:12:18renting in London's Canary Wharf.
0:12:18 > 0:12:21There's two buildings. This is the East Tower,
0:12:21 > 0:12:22and I'm in the West Tower.
0:12:22 > 0:12:24Is it hard to get from one tower to the other?
0:12:24 > 0:12:27No, no, no. You just walk straight through in front
0:12:27 > 0:12:31of the concierge service which there is, which isn't as good
0:12:31 > 0:12:34as a classic porter service, cos they don't carry any bags.
0:12:35 > 0:12:39Sophia currently lives in one of London's most exclusive addresses,
0:12:39 > 0:12:43complete with concierge, private cinema, and spa.
0:12:43 > 0:12:49- So there's a sauna on that side, steam room on that side. - What's that?
0:12:49 > 0:12:53In the middle is the Jacuzzi, so you press the button and all the bubbles come up.
0:12:53 > 0:12:57After we've looked at the properties we should totally come and get in.
0:13:00 > 0:13:05Back in Cheshire, Milly's parents are away on holiday and she's making
0:13:05 > 0:13:10the most of being mistress of the house by hosting a fancy dress party.
0:13:10 > 0:13:13It's a taste of what it would be like having her own place.
0:13:13 > 0:13:18Happy Hallowe'en! Nibbles! Let's get fat!
0:13:18 > 0:13:24And an opportunity to fill in her friends about her house hunt.
0:13:24 > 0:13:28- Maximum price.- £500,000. I was thinking two mil.- OK, then.
0:13:28 > 0:13:32So you're looking for somewhere for the whole family at first?
0:13:32 > 0:13:37- Yeah, stay there.- That looks nice.
0:13:37 > 0:13:41In the news the other day, the average people doesn't...
0:13:41 > 0:13:44..person doesn't buy a house until they're 38.
0:13:44 > 0:13:51- Shut up! 38, bloody hell! - Imagine the wrinkles.
0:13:51 > 0:13:55- Your mum's nearly 48.- My mum's 40, and she's not got any wrinkles.
0:13:55 > 0:13:58Yeah, but she's got a big house!
0:14:00 > 0:14:05At 19, Milly's almost 20 years younger than the average first-time buyer in Britain.
0:14:12 > 0:14:1625-year-old Luke has decided the family mansions of Essex
0:14:16 > 0:14:20are way too middle-aged. He has 800 grand to spend on a bachelor pad,
0:14:20 > 0:14:25and has been lured by the bright lights of London - but he's in for a shock.
0:14:26 > 0:14:31If that was in Brentwood, that would be a council development, and yet here, apparently it's not.
0:14:31 > 0:14:35So, Luke, if you'd like to come on inside, we have
0:14:35 > 0:14:39the two double bedrooms downstairs with one bathroom, what are your thoughts?
0:14:39 > 0:14:44I like the inside. Outside, it looks like it's ex-council.
0:14:44 > 0:14:50So here we have double reception with dining area and an open-plan kitchen.
0:14:50 > 0:14:54Love the kitchen. What is it on for?
0:14:54 > 0:14:56Erm, this is on for 799,950.
0:14:56 > 0:15:00I've looked at houses which are beautiful houses for a lot less,
0:15:00 > 0:15:04with massive gardens and four acres.
0:15:04 > 0:15:07- Where have you seen those?- Essex way,
0:15:07 > 0:15:12for £750,000 you get an eight-bedroom house.
0:15:12 > 0:15:14Well, you can't compare that to W2.
0:15:14 > 0:15:16I tell you what, this view is depressing, for the amount
0:15:16 > 0:15:20of money you're spending, the view's really depressing.
0:15:20 > 0:15:22- That's fine.- I hate the building and view.
0:15:22 > 0:15:27- The apartment's lovely inside but - BLEEP- is it worth 750,000. No way.
0:15:27 > 0:15:32Unless you're completely caked, London's not for me.
0:15:32 > 0:15:34For most people, London isn't an option,
0:15:34 > 0:15:38as the average deposit needed to buy here is almost £30,000.
0:15:39 > 0:15:44But that figure is well within Sophia's grasp,
0:15:44 > 0:15:48so she's brought her best friend Ruth to Hampstead, North London,
0:15:48 > 0:15:51home to more millionaires than any other area in the UK.
0:15:51 > 0:15:56- What did you say?- I'm not wearing the right footwear for this sort of terrain.
0:15:56 > 0:16:03The girls are viewing this top-floor flat which comes with the hefty price tag of nearly £900,000.
0:16:03 > 0:16:05You can't fit in. Goodbye.
0:16:07 > 0:16:10And it also comes with its own private lift.
0:16:10 > 0:16:14- Ooh, this is really quirky. - It's nice.
0:16:14 > 0:16:16It's top floor, penthouse-style apartment.
0:16:16 > 0:16:19Off the reception, you've got the kitchen.
0:16:19 > 0:16:21It's got far-reaching views.
0:16:21 > 0:16:26I love that view, that's amazing. It might actually make me want to do some washing up.
0:16:26 > 0:16:30Wow, this is gorgeous.
0:16:30 > 0:16:32Wow, you never get this sort of space in London,
0:16:32 > 0:16:37you feel a little bit like an empress, looking over your city.
0:16:37 > 0:16:39- Oh, I love this!- Oh, my God. - This is the main bedroom.
0:16:39 > 0:16:44And there's a walk-in wardrobe! You could put in one of those things that rotates,
0:16:44 > 0:16:45you could be like, bz-z-z.
0:16:45 > 0:16:50- Or you could just have one that you pull out and then...- Ooh!
0:16:50 > 0:16:53Yeah, it could go on forever. This is a great space.
0:16:53 > 0:16:58Because you can imagine just making it the most fabulous place
0:16:58 > 0:17:02in the world, and it's not astronomically expensive.
0:17:03 > 0:17:06Oh, I really like it.
0:17:06 > 0:17:12Sophia may well like it, but that means nothing without her mother's approval.
0:17:15 > 0:17:19Outside London, you get far more for your money.
0:17:19 > 0:17:25In Cheshire, Milly's moved on from flats and found a spacious townhouse on for a mere 349,000.
0:17:27 > 0:17:29Ah, this is lovely.
0:17:29 > 0:17:33Not bad for your first bachelorette pad.
0:17:33 > 0:17:35I wanna live here, I love it!
0:17:35 > 0:17:37Hi, Milly, come on in.
0:17:37 > 0:17:40And 19-year-old Milly immediately sees its potential...
0:17:40 > 0:17:44Straight down to the end, have a look at the main bedroom.
0:17:44 > 0:17:45..for herself at least.
0:17:45 > 0:17:47- It's great.- Yes. - This'd be great for me.
0:17:47 > 0:17:50It would be perfect for you.
0:17:50 > 0:17:54But the property isn't just for her, it has to house her parents and two brothers
0:17:54 > 0:17:56while their main home is being renovated.
0:17:56 > 0:18:00- I hate the sofas. - You won't get those!
0:18:00 > 0:18:02I know we won't get them.
0:18:02 > 0:18:04- Right. Into the kitchen.- Yep.
0:18:04 > 0:18:06This is a bit olde-worlde.
0:18:06 > 0:18:09Yes, you might want to do a little bit with this,
0:18:09 > 0:18:11- you might want to update it.- Yeah.
0:18:11 > 0:18:15If Milly gets her way, her parents will be getting renovation project number two.
0:18:15 > 0:18:21What I would want to do I think, knock this wall down, make this one big bedroom.
0:18:21 > 0:18:25You could do the ground level and make a bathroom downstairs.
0:18:25 > 0:18:29- Mm.- Good, excellent. - No, I'm happy, I'm happy with this.
0:18:29 > 0:18:31I think it needs a lot of work doing to it,
0:18:31 > 0:18:33but I know how it can look.
0:18:33 > 0:18:35So that's what I've got in mind.
0:18:35 > 0:18:38- Evening.- Hello, good evening.
0:18:38 > 0:18:42Milly might be excited about the prospect of her own development project,
0:18:42 > 0:18:45but tonight, she's got to pitch the idea to her parents.
0:18:45 > 0:18:48Ideal for space and everything, the only thing is it's old.
0:18:48 > 0:18:50And it's them who would be paying for it.
0:18:50 > 0:18:54That's far too small to use as a bedroom, they're identical.
0:18:54 > 0:18:57- Not for him it's not.- You can't fit a single bed in there.
0:18:57 > 0:19:00They can't call it a bedroom if you can't fit a bed in it.
0:19:00 > 0:19:04You can hardly. I would make that into one...
0:19:04 > 0:19:07We're talking about the situation where the five of us
0:19:07 > 0:19:09are going to live in one small house and make do,
0:19:09 > 0:19:15- he'll have to manage in a small bedroom, won't he? - Well, it's ideal for...
0:19:15 > 0:19:17I would get rid of the garage.
0:19:17 > 0:19:23Make it all open plan and have the kitchen-living area.
0:19:23 > 0:19:27If we were looking for something to develop, it's fabulous.
0:19:27 > 0:19:31It excites me because of its position, because it's the end one.
0:19:31 > 0:19:35If we bought it, we could keep it. Milly doesn't have to stay there.
0:19:35 > 0:19:39We could just buy it, we could do a separate thing and buy it for us to do up.
0:19:39 > 0:19:42So where's my house? What is she talking about?
0:19:42 > 0:19:46We can rent it out and she can find something, she can find herself a flat.
0:19:46 > 0:19:49Can we just press the eject button?
0:19:49 > 0:19:53My personal view is to narrow the search down now to something
0:19:53 > 0:19:57modern, new and done. We're not looking for a project, are we?
0:19:57 > 0:20:00And at this kind of money...
0:20:03 > 0:20:05- Oh, he's creamed it.- That is awesome!
0:20:05 > 0:20:10After the shock of London prices, Luke's back to his Essex bubble.
0:20:10 > 0:20:14- Ah, no.- Hole in one!
0:20:14 > 0:20:18But even in his hometown, finding somewhere that looks good enough for 800 grand
0:20:18 > 0:20:20is all starting to sound too much like work.
0:20:20 > 0:20:22That's what dreams are made of.
0:20:22 > 0:20:25Luke doesn't do work.
0:20:25 > 0:20:30I've had one, I'd say real job in my lifetime, where I did sales,
0:20:30 > 0:20:35and, to be fair, I broke the national record, I was told, for advertising sales.
0:20:35 > 0:20:36Made a lot of money in the year I did work,
0:20:36 > 0:20:40and money's one thing, but I've never had to worry about money,
0:20:40 > 0:20:45I've always been in a fortunate position where I've had anything I've ever wanted.
0:20:45 > 0:20:48So this is for a £1,000 putt.
0:20:49 > 0:20:53Oh!
0:20:53 > 0:20:56- You'll take it off a working man. - Yeah, easily.
0:21:01 > 0:21:04Up North in Wilmslow, it's back to square one for Milly.
0:21:04 > 0:21:09After last night's dinner drama, her mum's taken control of the house hunt.
0:21:09 > 0:21:12I've got a list of a few houses that I'd like to go and see.
0:21:12 > 0:21:17She's young. She needs a helping hand. She needs guiding.
0:21:17 > 0:21:21- Are you gonna be warm enough? - Have you got any chewing gum?
0:21:21 > 0:21:24- No.- BLEEP.- Chill out, Milly. - You're doing my BLEEP head in.
0:21:24 > 0:21:28You've got to learn your market, Milly.
0:21:28 > 0:21:30Have you got the Moore Lane ones there?
0:21:30 > 0:21:34- I'm not talking. Shut up. - Stop telling me to shut up.
0:21:34 > 0:21:39- Stop going on, can you turn the heating down?- Please.
0:21:39 > 0:21:42- Just do it.- This is where Dad said last night to you.
0:21:42 > 0:21:46They don't look very nice. Oh, I love that one.
0:21:46 > 0:21:48Oh, that's lovely.
0:21:48 > 0:21:54- Four double bedrooms, master with en-suite and walk-in closet. - I think it's a lot of money though.
0:21:54 > 0:21:59- Are we in a dead end here?- Yeah. - How do we get out?- Turn round.
0:21:59 > 0:22:04Although Sophia has fallen for the first Hampstead flat with a walk-in wardrobe,
0:22:04 > 0:22:08she is hopeful of finding another in the same exclusive area.
0:22:08 > 0:22:10Oh, this is great.
0:22:11 > 0:22:16But it would seem that in this part of London, £800,000 doesn't buy you a great deal.
0:22:16 > 0:22:18You can still be socialising.
0:22:18 > 0:22:22- If you do want to close it off you have a concertina door.- No!
0:22:22 > 0:22:26- Which goes all the way across. - So you can...
0:22:26 > 0:22:30..a little lady and shut in here and pretend you did it all yourself!
0:22:30 > 0:22:32Yes, or hide all the Marks & Spencer's boxes.
0:22:32 > 0:22:37You could hide your lover in here when your husband gets home.
0:22:37 > 0:22:42Although this property has its plusses, it has its drawbacks too.
0:22:42 > 0:22:45They've made the most of the space because it is really small.
0:22:45 > 0:22:47- But then this isn't the master bedroom, is it?- No.
0:22:47 > 0:22:52- This is not the master, right? - This is the master bedroom. - It is the master bedroom!
0:22:52 > 0:22:54It's decision time.
0:22:54 > 0:22:57Well, I'm gonna seriously, seriously talk to my parents
0:22:57 > 0:23:00about the first property, cos I really liked it.
0:23:00 > 0:23:05- If you want to come back and see it again...- I probably will. Yeah.
0:23:05 > 0:23:09Cos I'll need a little bit of assistance with that price.
0:23:11 > 0:23:14We've just been to two properties in Hampstead.
0:23:14 > 0:23:18The first one, Mum, was incredible.
0:23:18 > 0:23:22Sophia may have found a fabulous apartment, but without Mummy's financial assistance
0:23:22 > 0:23:25it will slip through her fingers.
0:23:25 > 0:23:26OK, bye.
0:23:26 > 0:23:28Mummy said it sounded very interesting,
0:23:28 > 0:23:33and when she comes to London next time we'll arrange another visit,
0:23:33 > 0:23:38so that I can try and persuade her, bend her arm, to help me get it.
0:23:38 > 0:23:41I just think it would be a really good investment, so...
0:23:46 > 0:23:49- So this is your lounge and kitchen. - Lounge kitchen diner.- Yep.
0:23:49 > 0:23:53For his 800 grand, Luke had hoped to find something he liked enough
0:23:53 > 0:23:57to live in himself, but so far, everything has left him cold.
0:23:57 > 0:24:02- So how much is this one we're looking at now?- 165,000.
0:24:02 > 0:24:05Now he's warming to the idea of making his money work for him.
0:24:05 > 0:24:07He's looking at spending his budget on a range of properties
0:24:07 > 0:24:12in Brentwood, Essex, to rent out just like his mum does.
0:24:12 > 0:24:16- This living space is massive. How much is this up for?- 149.
0:24:17 > 0:24:19This is the one.
0:24:19 > 0:24:23If I could live in small places, this would be the one, how can it not make money?
0:24:23 > 0:24:25Let's measure it.
0:24:27 > 0:24:31Just under five Uggs. Yeah. And Uggs are big.
0:24:34 > 0:24:36It's impressive, tell him I'll take it.
0:24:36 > 0:24:38If it's up for 150 now, 149, offer him 140.
0:24:38 > 0:24:41I'm definitely taking a chance on this one.
0:24:41 > 0:24:44It's only up for 150, if I can get an extra ten grand off
0:24:44 > 0:24:46then hopefully it'll be nice.
0:24:50 > 0:24:54Luke's got something to celebrate. His offer's been accepted on the investment flat.
0:24:54 > 0:24:59Things are moving fast, and today he's signing contracts.
0:24:59 > 0:25:00- Thank you.- Thanks very much.
0:25:00 > 0:25:04Luke's chuffed with his bargain, and he hopes his mum will be too,
0:25:04 > 0:25:07as it's her money he's spending.
0:25:07 > 0:25:09I've given her the heads up,
0:25:09 > 0:25:12and she really wanted to see it before I did anything.
0:25:12 > 0:25:14In the end I think she just turned round and said,
0:25:14 > 0:25:16"Oh, get on with it, it's on your head."
0:25:16 > 0:25:21As a successful property developer, Luke's mum knows what a good buy is.
0:25:21 > 0:25:25- Hello. You all right? - How are you?- Not seen you in ages.
0:25:25 > 0:25:29I hated it from the outside, I didn't like that it was commercial below.
0:25:29 > 0:25:32But when I got in there, the place is massive,
0:25:32 > 0:25:35and he guarantees rent of 750 to 800 for a one bed.
0:25:35 > 0:25:39At the end of the day, as long as the rent is covering it...
0:25:39 > 0:25:41- That's what I said.- You're fine.
0:25:42 > 0:25:48And up in Wilmslow, Milly also has something big to celebrate.
0:25:48 > 0:25:52After going round in circles with her house hunt, she's finally got
0:25:52 > 0:25:54her hands on a property she can call her own.
0:25:54 > 0:25:57And it blows the house out of the water.
0:25:57 > 0:26:00It's her own jewellery shop.
0:26:00 > 0:26:02Yeah, it is my shop, yeah.
0:26:02 > 0:26:06It was my mum's idea. She mentioned it to my dad when they went away.
0:26:06 > 0:26:08She's really proven herself, and she's very capable,
0:26:08 > 0:26:12so I think this is going to be a perfect opportunity for her.
0:26:12 > 0:26:14I want to work hard at this.
0:26:14 > 0:26:20I don't want to be another one of these kids that's given it and run it into the ground.
0:26:20 > 0:26:24What people are going to see when they look straight through the window from outside...
0:26:24 > 0:26:27Yeah, it's my baby. My little venture, I love it, I can't wait!
0:26:27 > 0:26:29It's a huge responsibility for Milly.
0:26:29 > 0:26:32I want to get the shop up and running and it's all working,
0:26:32 > 0:26:35then we'll proceed with the house.
0:26:38 > 0:26:40The timing couldn't be better.
0:26:40 > 0:26:43Today, she's leaving her teens behind.
0:26:43 > 0:26:46The shop, the future, it's her birthday today.
0:26:46 > 0:26:48So, yeah, it's going to be a busy few years.
0:26:48 > 0:26:52I feel like my life's, like, running away from me
0:26:52 > 0:26:54and I just don't know what I'm doing.
0:26:54 > 0:27:01I'd like to thank you all for coming to help us celebrate Milly's 20th birthday.
0:27:01 > 0:27:05The whole shop, I think this year is going to be a big year.
0:27:07 > 0:27:09Hopefully, her 21st will be at her house.
0:27:09 > 0:27:12Happy Birthday to Milly!
0:27:12 > 0:27:15- To Milly.- To Milly!
0:27:16 > 0:27:22Next time, can Sophia persuade her mother to bankroll this £900,000 flat?
0:27:22 > 0:27:26I just think you could make it the most fabulous pad.
0:27:26 > 0:27:31You could, with an enormous amount of money spent on it.
0:27:31 > 0:27:36We meet 18-year-old jockey Sam, who plans to splash nearly half-a-million on his first home.
0:27:36 > 0:27:38It's a massively serious amount of money,
0:27:38 > 0:27:40I just hope it all goes smoothly.
0:27:40 > 0:27:43Ah! Feeling good.
0:27:43 > 0:27:46And 24-year-old eco-warrior Zano starts his quest to save
0:27:46 > 0:27:50the planet by buying a million-pound pad.
0:27:50 > 0:27:52Ooh! METALLIC ECHO
0:27:52 > 0:27:55Yeah, it's got a bit of an echo, I like it even more!
0:28:05 > 0:28:08Subtitles by Red Bee Media Ltd
0:28:08 > 0:28:11E-mail subtitling@bbc.co.uk