0:00:02 > 0:00:06Up and down the country, super rich teens and twenty something's
0:00:06 > 0:00:09are snapping up the hottest properties money can buy.
0:00:09 > 0:00:11This is where the mistress will 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 > 0:00:21Unless you've got a trust fund, or being bank rolled by mum and dad...
0:00:21 > 0:00:24Some people can work all their life to become a millionaire,
0:00:24 > 0:00:26I just adopted it.
0:00:26 > 0:00:31..the average first time buyer now reaches a whopping 38-years-old.
0:00:31 > 0:00:3438, bloody hell.
0:00:34 > 0:00:36Go back to your dad.
0:00:36 > 0:00:38As Britain's youth are in danger of becoming a generation
0:00:38 > 0:00:41who can't afford to buy their own homes.
0:00:41 > 0:00:46This series follows some of the UK's most affluent young people...
0:00:46 > 0:00:48I don't actually care about this money I'm making.
0:00:48 > 0:00:5180 bottles of Dom Perignon, a couple bottles of Cristal,
0:00:51 > 0:00:52a standard weekend really.
0:00:52 > 0:00:56I'll make a hundred times as much in ten years time.
0:00:56 > 0:00:58..as they hunt for their perfect pads...
0:00:58 > 0:00:59Yeah, this is a bit amazing.
0:00:59 > 0:01:01Oh, I love this.
0:01:01 > 0:01:04- Oh, my God. - And there's a walk in wardrobe.
0:01:04 > 0:01:07..and go on a serious spending spree.
0:01:07 > 0:01:10That's the theme I want to be going for cos £700 is a good bargain.
0:01:10 > 0:01:12It's going to be extortionate.
0:01:12 > 0:01:16- This one is 420,000.- 79,950.
0:01:16 > 0:01:18Er on the market for about two and a quarter million.
0:01:18 > 0:01:21There is no question, no doubt in my mind, I've become obsessed with property.
0:01:21 > 0:01:25- Have we got it?- Yeah. My God!
0:01:26 > 0:01:30In tonight's show, we meet a 17 and 18-year-old brother and sister
0:01:30 > 0:01:33who have more than half a million pounds to splash.
0:01:33 > 0:01:36I didn't check where the house was.
0:01:36 > 0:01:39I sort of expected there to be a big sign.
0:01:39 > 0:01:44A 19-year-old Essex boy with over £300,000 to spend on his first flat.
0:01:44 > 0:01:47Yeah, this is, this is a bit of me, without a doubt.
0:01:47 > 0:01:49Oh, my God, this is lovely.
0:01:49 > 0:01:53And a 24-year-old who's been given £1.5 million by his parents
0:01:53 > 0:01:56to build a property empire.
0:01:56 > 0:01:59Bit of dead flies under it. That would definitely not work in my house.
0:02:09 > 0:02:12Outside London, in the Chiltern Hills, Beaconsfield, lives Ed.
0:02:12 > 0:02:16I'm 24-years-old, looking at building a portfolio
0:02:16 > 0:02:20of about four or five properties, around sort of £300,000 each.
0:02:20 > 0:02:26Maybe a two or three bedroom house for some young executives.
0:02:26 > 0:02:28He's lived in the town all his life and his parents
0:02:28 > 0:02:31recently gave him half a million pounds to buy a house.
0:02:31 > 0:02:34I'm a massive fan of Rod Stewart, everyone always takes
0:02:34 > 0:02:38the mick out of me for it, but I've got all his albums and everything.
0:02:38 > 0:02:41How To Be A Property Millionaire, I do like to read that sometimes.
0:02:41 > 0:02:43All my shirts come from a French company.
0:02:43 > 0:02:47I don't want to tell anyone where I get them because the more people you tell
0:02:47 > 0:02:50then the more people you're going to be seeing wearing them.
0:02:50 > 0:02:52But one pad isn't enough.
0:02:52 > 0:02:54He wants a local property empire.
0:02:54 > 0:02:59I think the average house price in Beaconsfield is around 700,000.
0:02:59 > 0:03:04There is a council estate in Beaconsfield, but it's a nicer council estate than some places.
0:03:04 > 0:03:07Is it me or is it just that all council estate houses have really small windows?
0:03:07 > 0:03:12To start his property portfolio, Mum and Dad have now gifted him
0:03:12 > 0:03:16an additional £1.5 million to buy houses in the local area.
0:03:16 > 0:03:18I'm happy to give him money if he's going to invest it
0:03:18 > 0:03:21and look after it in a sort of business way.
0:03:21 > 0:03:25He's got big shoes to fill, Dad Mike recently sold his business
0:03:25 > 0:03:28for a reported £230 million,
0:03:28 > 0:03:31putting him straight onto the Sunday Times rich list.
0:03:31 > 0:03:34Judging by wealth, I suppose yes, I'm at the...
0:03:34 > 0:03:38quite near the top of the list. Am I happier than the average Joe Bloggs,
0:03:38 > 0:03:42you know, with a regular job in a three bedroom semi?
0:03:42 > 0:03:44Well, maybe I am.
0:03:44 > 0:03:47It's very difficult for Edward to do better than I've done.
0:03:47 > 0:03:52But Dad might have competition, as Ed aims to prove him wrong.
0:03:52 > 0:03:55I'm ambitious and I really want to do well. My overall goal
0:03:55 > 0:03:59is to be very successful in business, in whatever I do.
0:03:59 > 0:04:02And I can see that line going down the property route.
0:04:02 > 0:04:06And it's time to catch up with teenagers Amelia and brother Henry.
0:04:06 > 0:04:10When it comes to house hunting, these two are wet behind the ears.
0:04:10 > 0:04:12I'm Amelia. I'm 18.
0:04:12 > 0:04:16I'm Henry and I'm 17 and I'm looking to buy a property with my sister.
0:04:16 > 0:04:20- We've got 600,000 to spend. - Yeah, we're chipping in together.
0:04:20 > 0:04:23The two teenagers have inherited money and want a London flat.
0:04:23 > 0:04:27Spec doesn't matter for these inexperienced first time buyers,
0:04:27 > 0:04:29but the location is crucial.
0:04:29 > 0:04:33I'm only going to live in Chelsea. It's the centre of the world.
0:04:33 > 0:04:34Exactly.
0:04:34 > 0:04:38They've already seen two properties, but it turns out that a budget
0:04:38 > 0:04:42of £600,000 doesn't get you much in Chelsea.
0:04:42 > 0:04:44Quite small.
0:04:44 > 0:04:47I'd have this as like a sofa, like the room as a sofa.
0:04:47 > 0:04:49The room as a sofa.
0:04:49 > 0:04:52But Amelia is a woman on a mission. In four weeks' time
0:04:52 > 0:04:55she's off on holiday and wants everything sorted beforehand.
0:04:55 > 0:05:00I'm on my gap year as well and so when I get back from travelling
0:05:00 > 0:05:04it'd be really nice to have sort of my own flat and sort of like get out into the real world.
0:05:04 > 0:05:07Not lower basement. Is it SW1V?
0:05:07 > 0:05:11It has to be SW1V, not P, cos as close to Sloane Square as possible.
0:05:14 > 0:05:17Teenage entrepreneur Johnny still lives at home in Southend,
0:05:17 > 0:05:20but wants to find a bachelor pad.
0:05:20 > 0:05:23I am 19-years-old.
0:05:23 > 0:05:26I'm working with a budget of about £300,000.
0:05:26 > 0:05:30He left school at 16 with no qualifications.
0:05:30 > 0:05:34I was extremely, extremely worried about what I was going to do,
0:05:34 > 0:05:38then I was reading Duncan Bannatyne's book, believe it or not,
0:05:38 > 0:05:41from the Dragons' Den, and I just saw a little few bits and pieces in there
0:05:41 > 0:05:45about care homes and, you know, I looked at the basics,
0:05:45 > 0:05:49you need a house and that sort of thing, and I thought OK, let's give it a go, let's give it a try.
0:05:49 > 0:05:54Now aged 19, he's a self-made millionaire, with an expanding
0:05:54 > 0:05:57care home business and a large amount of responsibility.
0:05:57 > 0:05:59You can't be a kid all the time.
0:05:59 > 0:06:02You get a few bits now and then, but the moment the phone rings or
0:06:02 > 0:06:04goes wrong - snaps right back in.
0:06:04 > 0:06:06Call the social worker, call Terry.
0:06:06 > 0:06:11Basically we take people who have got learning disabilities, mental health, and it can range all the way from
0:06:11 > 0:06:18just simple epilepsy and autism, all the way up to full blown paranoid schizophrenia.
0:06:20 > 0:06:22Even with his high pressure business,
0:06:22 > 0:06:25there's still a teenager fighting to get out.
0:06:25 > 0:06:27I love the car. I like
0:06:27 > 0:06:30having stuff that other people think "That's pretty nifty, pretty cool."
0:06:30 > 0:06:33At the moment he's able to socialise quite a lot,
0:06:33 > 0:06:36when he wants to, but work will always come first with Johnny, yeah.
0:06:36 > 0:06:38The success has come at a cost.
0:06:38 > 0:06:42I have completely missed out on my teen years really.
0:06:42 > 0:06:44He has sacrificed quite a lot,
0:06:44 > 0:06:47like he put a lot of time and effort into it, but it's paid off.
0:06:47 > 0:06:51After years of professionally taking care of other people,
0:06:51 > 0:06:54it's time for Johnny to look after number one.
0:06:54 > 0:06:57I don't mind spending money if I know I'll be getting money back for it.
0:06:57 > 0:07:00With an investment there's no question, I'd much rather do it.
0:07:00 > 0:07:04But obviously if I've going to be living in a house, it's a different story and
0:07:04 > 0:07:09I know my stuff when it comes to houses, but I'll be looking at flats probably, which I'm new to.
0:07:11 > 0:07:14In rural Lincolnshire, Amelia is continuing
0:07:14 > 0:07:18her Chelsea flat hunt from the comforts of her childhood home.
0:07:18 > 0:07:23There's a house I like off the King's Road, it's on the market for 550.
0:07:23 > 0:07:25I think it was an ex-council flat.
0:07:25 > 0:07:27I haven't actually looked round it,
0:07:27 > 0:07:32but I know I like it. So I was thinking to offer 525?
0:07:33 > 0:07:38The half million pound cost will be split by Amelia and her brother, using inherited money.
0:07:38 > 0:07:41Henry's currently at boarding school,
0:07:41 > 0:07:44so he'll have to trust his sister's judgement.
0:07:44 > 0:07:46Hi, Henry, I was just wondering,
0:07:46 > 0:07:51there's a house just off the King's Road, and it's for 550,000.
0:07:51 > 0:07:55- What do you think if I put an offer in?- Definitely. You don't have to look round it.
0:07:55 > 0:07:58I don't think I have to look round it either.
0:07:58 > 0:07:59You see, spontaneity, we think the same.
0:07:59 > 0:08:05Over one million aspiring homeowners can't buy because of house prices and mortgage availability.
0:08:05 > 0:08:09With the money she's been given, Amelia is unaffected.
0:08:09 > 0:08:12Her dreams of a King's Road pad are well within her sights.
0:08:12 > 0:08:15Time to ring the estate agent.
0:08:15 > 0:08:18I don't really care what it looks like really, within reason.
0:08:18 > 0:08:22Um, I just really care where it is and I think that's the perfect spot.
0:08:22 > 0:08:26Do you think you could try her at 525 and see what she says?
0:08:26 > 0:08:28That'd be really kind.
0:08:28 > 0:08:33A £525,000 offer on a flat she's never seen is a big gamble.
0:08:33 > 0:08:35Yep...
0:08:35 > 0:08:38Down in Braintree, Essex, Johnny is making the effort
0:08:38 > 0:08:41to look at his first flat in an upmarket development.
0:08:41 > 0:08:46The main accommodation in this particular mews property is up the stairs.
0:08:46 > 0:08:50He's only 19. most guys his age take home roughly ten grand a year,
0:08:50 > 0:08:55but Johnny has a cash budget of at least £300,000 for his first flat.
0:08:55 > 0:08:57So if we wander down through the living area...
0:08:57 > 0:09:01This is what I mean by when I said I like open plan, I like the space.
0:09:01 > 0:09:05- Exactly.- It's really nice. Yeah, this is what I was talking about.
0:09:05 > 0:09:07This leads through to the master suite.
0:09:07 > 0:09:12For what they've got out there, what they've got in here doesn't match up to it.
0:09:12 > 0:09:17Next up it's a split level apartment, on for £325,000.
0:09:17 > 0:09:20Yeah, this is a bit amazing, without a doubt.
0:09:20 > 0:09:22Oh, my God, this is lovely.
0:09:22 > 0:09:24- Excellent.- This is really nice.
0:09:24 > 0:09:28I'm glad I found this place, to be honest. Compared to the stuff
0:09:28 > 0:09:32- I've been seeing, I mean this just beats the- BLEEP- out of it.
0:09:32 > 0:09:35- Right. OK.- You've got the suaveness.
0:09:35 > 0:09:40I can imagine bringing my mates round or something like that and just showing them around and be amazed.
0:09:40 > 0:09:44We'd probably be the loudest ones here, and the youngest ones.
0:09:48 > 0:09:52In Beaconsfield, Ed's situation is also looking good.
0:09:52 > 0:09:56He has one and a half million pounds to kick off his rental empire,
0:09:56 > 0:09:59so he starts by checking out a modern three bedroom semi.
0:09:59 > 0:10:04How much would you think you would get from a tenant per month?
0:10:04 > 0:10:06Between 1,600 and 1,800.
0:10:06 > 0:10:09- And you got this light tube.- Oh, great!- To let natural light through.
0:10:09 > 0:10:11Bit of dead flies under it. You could clean them out.
0:10:11 > 0:10:15That would definitely not work in my house. So how much is the property?
0:10:15 > 0:10:17- 545,000.- OK.
0:10:17 > 0:10:19He's open to offers.
0:10:19 > 0:10:23Because this is so close to the amenities it could go very quickly.
0:10:23 > 0:10:26The shops and everything in Holtspur are not great.
0:10:26 > 0:10:28There is a lot of council areas in Holtspur.
0:10:28 > 0:10:32The other side of town has a period property for sale
0:10:32 > 0:10:34and it's £150,000 cheaper.
0:10:34 > 0:10:38- There it is in all it's glory.- Yeah.
0:10:38 > 0:10:43Built in 1912. It's like me, it's old, but full of character.
0:10:43 > 0:10:46OK, one living room with a nice little den round the corner there.
0:10:46 > 0:10:49You'd have to be pretty short to sit here and do some work.
0:10:49 > 0:10:51Little midget or something down there.
0:10:51 > 0:10:53I may have to go up this one sideways.
0:10:53 > 0:10:57Yeah. Good sized third bedroom.
0:10:57 > 0:11:00- OK. Right, excellent. - Great. Thanks.- Off you go.
0:11:00 > 0:11:02Have you got your chequebook?
0:11:02 > 0:11:06The property is on the market for 395
0:11:06 > 0:11:09and the owners might take a little bit less, you never know.
0:11:09 > 0:11:11Faint heart never won fair lady, worth a try.
0:11:11 > 0:11:16399, it's a lot for what they're asking for a, what, 1912 property?
0:11:16 > 0:11:20I definitely think I can get less. If I can buy it for 360 it's a winner.
0:11:20 > 0:11:25I'm going up to London and I might phone him and see if he will accept my offer.
0:11:25 > 0:11:30He's only seen a couple of houses but Ed is ready to start building his property empire.
0:11:30 > 0:11:34I'll be happy to put an offer in of 370.
0:11:34 > 0:11:37Yeah. Thanks very much for your time, Trevor.
0:11:37 > 0:11:41He's going to put the offer to the vendor and phone my back, so...
0:11:41 > 0:11:44Uh, fingers crossed.
0:11:44 > 0:11:49While Ed heads into town, Amelia has already arrived in Chelsea.
0:11:49 > 0:11:52Her offer is on the table, but she's starting to get cold feet.
0:11:52 > 0:11:57No-one rang me back yesterday, so I'm a bit upset about that,
0:11:57 > 0:12:01so anyway I thought I'd have a look and check the house out for myself
0:12:01 > 0:12:04because I've just put an offer in on something that I haven't seen,
0:12:04 > 0:12:07so we better make sure I haven't made a mistake.
0:12:07 > 0:12:12But her first mistake is not knowing the flat's address.
0:12:12 > 0:12:14I think it's Chelsea Manor Court.
0:12:14 > 0:12:18It might not be one of these, I'm just making it up.
0:12:18 > 0:12:22And do you think that's the walkway they were talking about?
0:12:22 > 0:12:25Ooh, ooh, excuse me, I'm looking for a house for sale.
0:12:25 > 0:12:28- You looking for a house to sale here?- Yeah.
0:12:28 > 0:12:30For sale. Is there? Do you know?
0:12:30 > 0:12:34- No. No. No, I don't think they are for sale.- Are you, are you sure?
0:12:34 > 0:12:38- Yes, I am pretty sure.- Oh, OK, there's no houses round here, it's not this. We're lost.
0:12:38 > 0:12:45Classic! I didn't check actually where the house was, I sort of expected there to be a big sign,
0:12:45 > 0:12:49like...saying Amelia's house.
0:12:49 > 0:12:52Oh, my God, I might actually be in luck.
0:12:52 > 0:12:57How, um, serendipitous this situation.
0:12:57 > 0:13:03Ah, yeah. This is like the one card I have in my purse.
0:13:03 > 0:13:06I'm off the King's Road onto Chelsea Manor Street.
0:13:06 > 0:13:10After a few directions from the estate agent, she finally finds her potential new home,
0:13:10 > 0:13:15a three bedroom ex-council flat, on for over half a million.
0:13:15 > 0:13:17I can see. Yeah, that's incredible.
0:13:17 > 0:13:21OK. They're saying there's lots of interest in this,
0:13:21 > 0:13:25you know, we don't know whether we can take your low offer.
0:13:25 > 0:13:27I'm the highest offer they've had,
0:13:27 > 0:13:30it's like they're just pushing it, which is just,
0:13:30 > 0:13:31which is a bit annoying,
0:13:31 > 0:13:35but hopefully they'll see what she says, but I'm really thrilled.
0:13:35 > 0:13:37I'm absolutely delighted.
0:13:37 > 0:13:40This is perfect, this is waiting for me. This is my house,
0:13:40 > 0:13:44so don't let them take it away from me.
0:13:46 > 0:13:50Ed and his dad are on the shooting range.
0:13:50 > 0:13:52It should be a relaxing afternoon,
0:13:52 > 0:13:55but their competitive nature soon gets the better of them.
0:13:55 > 0:13:59Come on, Eduardo.
0:13:59 > 0:14:01Ugh!
0:14:03 > 0:14:05My main thing is to beat Dad,
0:14:05 > 0:14:09- I think if I can beat Dad then I'll be fine.- Cheating!
0:14:09 > 0:14:10You missed quite a lot.
0:14:10 > 0:14:14I missed two, but then I got two with one cartridge, which is counts twice.
0:14:14 > 0:14:18Hopefully Ed's shooting is more effective than his property dealing,
0:14:18 > 0:14:20because he's had some bad news.
0:14:20 > 0:14:23- Yeah, about the house, did you know I put an offer in?- Yeah.
0:14:23 > 0:14:25Do you know it got rejected?
0:14:25 > 0:14:28No. Did you explain you're an immediate buyer?
0:14:28 > 0:14:31Yeah, immediate buyer, exchange and complete within seven days.
0:14:31 > 0:14:34Leave the door open a little bit, so they can come back.
0:14:34 > 0:14:38If you've offered it and they've said no, it's like who makes the next phone call?
0:14:38 > 0:14:40You need a reason for them to come back to you.
0:14:40 > 0:14:45- Like Monopoly! If you get three houses you can get a hotel.- Yeah.
0:14:45 > 0:14:47He might be losing in the property game,
0:14:47 > 0:14:50but at least he has the chance to beat his dad at shooting.
0:14:50 > 0:14:53In sixth place.
0:14:53 > 0:14:55Sitting in the front of the car on the way home.
0:14:55 > 0:14:58Sitting in the front of the car is Mike.
0:14:58 > 0:15:00No!
0:15:00 > 0:15:03- No.- I don't believe it.
0:15:03 > 0:15:05You fiddled them!
0:15:05 > 0:15:07I haven't fiddled them.
0:15:08 > 0:15:10Hang on.
0:15:10 > 0:15:16- Fourth position, with 17 hits, is Ed.- Oh, you shut up!
0:15:16 > 0:15:18He is such a... This is so fixed.
0:15:18 > 0:15:21- It's not fixed.- As long as they put the right things on.
0:15:21 > 0:15:23But how can you expect to win when you get one.
0:15:23 > 0:15:29- Yeah, because I got a full house on the first.- Yeah.
0:15:29 > 0:15:32Right, listen, I'm sitting in the front.
0:15:32 > 0:15:34Ed's property plans are faltering. He's not the only one.
0:15:34 > 0:15:3719-year-old Johnny has hit the road,
0:15:37 > 0:15:40after deciding that Braintree isn't for him.
0:15:40 > 0:15:43Braintree's in the middle of bloody nowhere
0:15:43 > 0:15:45and trains run to London every hour.
0:15:45 > 0:15:47- If you miss a train you're- BLEEP.
0:15:47 > 0:15:51It's just not going to be convenient.
0:15:51 > 0:15:54Johnny is used to looking out for other people,
0:15:54 > 0:15:57but looking out for himself is now the priority,
0:15:57 > 0:16:00so he's brought mate Ben along for moral support.
0:16:00 > 0:16:03- Looks all right, don't it? - Looks pretty tasty, yeah.
0:16:03 > 0:16:05Got a little bit of work going on though.
0:16:05 > 0:16:10They're looking at a two bedroom £420,000 cottage on the outskirts of Hertford.
0:16:11 > 0:16:16It's in the heart of a restoration development, which is still being completed.
0:16:16 > 0:16:18- 420 grand, no.- This is mad.
0:16:18 > 0:16:22Do you know, it's the sort of place you come to see your wealthy nanny.
0:16:22 > 0:16:26She'd sit you down and give you a scone or something and a cup of tea.
0:16:26 > 0:16:28HE LAUGHS Oh!
0:16:28 > 0:16:31Just things that you're not going to use. You want a breakfast bar.
0:16:31 > 0:16:35Just grab a sandwich or something, ain't going to sit down there
0:16:35 > 0:16:37and have croissants in the morning.
0:16:37 > 0:16:41I'm not very happy with it. The developers next door wouldn't even let me have a look.
0:16:41 > 0:16:44They probably wouldn't want you here, to be honest.
0:16:44 > 0:16:49- No, you're right.- They'd take your money, but they'd kick you out as soon as they could.
0:16:49 > 0:16:52I don't know why they've made it all traditional out here,
0:16:52 > 0:16:55like no telly, literally expecting you to sit there in silence
0:16:55 > 0:16:58and make awkward conversation with your grandma.
0:16:58 > 0:17:02They've given her a wet room, which she's going to go over and do her hip.
0:17:02 > 0:17:05She's going to slip straight over there. But they said
0:17:05 > 0:17:08the next little complex won't be ready till next August.
0:17:08 > 0:17:12I'll have to wear a bloody hard hat every time I go down the shops.
0:17:13 > 0:17:17While Johnny's search continues, in Beaconsfield Ed's had
0:17:17 > 0:17:21a surprise call from the vendors of the period property he made an offer on.
0:17:21 > 0:17:25The offer was rejected to start with and then they left it over the weekend,
0:17:25 > 0:17:28thinking I was going to put a higher offer in, which I didn't.
0:17:28 > 0:17:31So I waited and then, literally, I came out of a meeting on Monday,
0:17:31 > 0:17:34and there was an email saying they accepted the offer.
0:17:34 > 0:17:39So I was really happy when I saw that. So the next stage now is getting the property surveyed,
0:17:39 > 0:17:43really want to exchange in the next couple of weeks and then complete sort of a week after.
0:17:43 > 0:17:46Obviously being a cash buyer I can go in straightaway
0:17:46 > 0:17:47and go and get that.
0:17:47 > 0:17:51So I'm really happy about it and things move forward from there.
0:17:54 > 0:17:57Not to be outdone, his dad has also decided to buy somewhere,
0:17:57 > 0:18:01a penthouse apartment in the heart of London.
0:18:01 > 0:18:05Well, this is our fantastic new London pad. This is the best place in London.
0:18:05 > 0:18:09It'll become a crash pad for the family when they're in town.
0:18:09 > 0:18:12I suppose the balcony and the outside is an exciting part.
0:18:12 > 0:18:1524-year-old Ed has been gifted £1.5 million
0:18:15 > 0:18:19to create a property empire, but right now Dad
0:18:19 > 0:18:24has another challenge for him; redecorating the new flat.
0:18:24 > 0:18:26This is a right state, so he's either got to
0:18:26 > 0:18:30tile it, maybe slate, terracotta tile is not that fantastic.
0:18:30 > 0:18:33He maybe he could put decking down or whatever.
0:18:33 > 0:18:37Ooh, that's a demonstration. I didn't know I'd get that. I assume we'll be safe up here.
0:18:37 > 0:18:40Are they all walking on there, look. See the placards?
0:18:40 > 0:18:44There's hundreds of them, look.
0:18:44 > 0:18:47I feel a bit sort of safe up here. I'll lock the door.
0:18:49 > 0:18:52It's got to be practical, but it's still got to look modern and trendy
0:18:52 > 0:18:56and he's got to get that balance right, so that it looks cool
0:18:56 > 0:19:00and he's got to do it in a reasonable quick time. No pressure.
0:19:00 > 0:19:03While Ed and Dad are over the moon with their new places,
0:19:03 > 0:19:07in Brentwood, Essex, Johnny is having a hard time finding a place of his own.
0:19:07 > 0:19:11I've been so busy lately with business, everything's kind of taken its toll,
0:19:11 > 0:19:14it's limited me to how much I've been checking for houses
0:19:14 > 0:19:17and stuff like that, it's kind of taken a backseat.
0:19:17 > 0:19:19Um, but obviously business is first.
0:19:20 > 0:19:23Today he's taking time off work to visit a flat in Brentwood.
0:19:23 > 0:19:27He knows the area well and is viewing yet another restoration development.
0:19:28 > 0:19:33Maybe this will be the one, as he's discovered a spooky connection with the building.
0:19:33 > 0:19:38Turns out it used to be some kind of Victorian mental assessment unit,
0:19:38 > 0:19:42which has a strong sense of irony considering that's the business that I'm in now.
0:19:42 > 0:19:45The two bed flat is on for half a million pounds,
0:19:45 > 0:19:50that's 15 times the average deposit most first time buyers have to spend.
0:19:50 > 0:19:55This is the second bedroom. You've got a lovely vaulted ceiling, just want to point that out to you.
0:19:55 > 0:19:59- Yeah, that's gorgeous, innit? - I'd like to know what your initial reaction is.
0:19:59 > 0:20:03- Well, yeah, open space, that's what I love. - You think this could tempt you?
0:20:03 > 0:20:05It's very tempting, yeah.
0:20:05 > 0:20:08But once again Johnny has issues with bedroom size.
0:20:08 > 0:20:12But I possibly want to see something maybe with bigger bedrooms.
0:20:12 > 0:20:14I saw a place, I thought in this block, not in this block,
0:20:14 > 0:20:17in this development, I think it might have been
0:20:17 > 0:20:20- the bakery one you were talking about.- I'm afraid that's lived in.
0:20:20 > 0:20:25- Shall we go and meet the owner and see if I can make 'em an offer of. - No, no, no, I need you here.
0:20:28 > 0:20:32In Chelsea, Amelia is still waiting to hear back from the estate agent
0:20:32 > 0:20:35about the £550,000 ex council flat.
0:20:35 > 0:20:40She originally made an offer 25 grand under the asking price.
0:20:40 > 0:20:45Two other buyers came in, so I had to bid 550,
0:20:45 > 0:20:48and then they said that they'd speak to the vendor last night
0:20:48 > 0:20:53and they would call back sometime last night, but I knew they wouldn't.
0:20:53 > 0:20:55With the flat hanging in the balance,
0:20:55 > 0:20:58Amelia does her best to relax with a friend and hits the King's Road.
0:20:58 > 0:21:01Yeah, what's the time now? 5:15 or something.
0:21:03 > 0:21:07They said they'd get back to me last night or today, but they haven't.
0:21:07 > 0:21:12If they said they were going to call you today, they should have called before five, you'd think.
0:21:18 > 0:21:21She might be rich, but even Amelia has to experience the frustration
0:21:21 > 0:21:24of waiting for an estate agent's call.
0:21:24 > 0:21:26I feel messed around right now.
0:21:26 > 0:21:30- Yeah, you've been waiting all day. - I've had fun while I've been waiting around,
0:21:30 > 0:21:34but I feel messed around, cos they messed around with the price already.
0:21:34 > 0:21:36But her patience pays off.
0:21:36 > 0:21:39Hi, please can we go to Sloane Square.
0:21:39 > 0:21:41PHONE RINGS Hello. Oh, hi Giles. Oh, my God!
0:21:41 > 0:21:43She accepted mine?
0:21:43 > 0:21:47My, so.. Oh, my God!
0:21:49 > 0:21:53OK. Speak soon. Bye!
0:21:53 > 0:21:57- Bye. Whoa!- You got it?- Yeah!
0:21:57 > 0:21:59Oh, my God!
0:21:59 > 0:22:01- Yes. Oh, my God.- So is it yours?
0:22:01 > 0:22:04Yeah. Well, I haven't put the money through yet.
0:22:04 > 0:22:07- Oh, my God!- But it's definitely, definitely yours.
0:22:07 > 0:22:12Yeah. Yeah. Apparently she was like, I don't think she was like, we were both cash buyers and everything.
0:22:12 > 0:22:16- Oh, my God.- But she just picked me. - That is amazing!
0:22:16 > 0:22:21That's over half a million pounds on a property she's only seen from the outside.
0:22:22 > 0:22:26Ed is under pressure. He only has a week to transform
0:22:26 > 0:22:29his dad's Mayfair apartment into a swanky pad.
0:22:29 > 0:22:33So he starts with a safe bet, the family store.
0:22:33 > 0:22:35Look, I really like this chair.
0:22:35 > 0:22:38I think it's... I think it'll go well in the apartment.
0:22:38 > 0:22:40Buddha head?
0:22:40 > 0:22:44Definitely the sort of theme I want to be going for is sort of a modern theme,
0:22:44 > 0:22:46maybe a sort of cream or even a red,
0:22:46 > 0:22:50like a deep red, like an accent red with some diamantes in the middle.
0:22:50 > 0:22:53They're just so practical.
0:22:53 > 0:22:58This is something that would be great in the Mayfair flat. I really like this.
0:22:58 > 0:23:01I could see two of these being in the seating area.
0:23:01 > 0:23:03Spins as well, so you have a bit of fun.
0:23:03 > 0:23:06I think definitely.
0:23:06 > 0:23:10But shopping for furniture just isn't as much fun as shopping for Ed.
0:23:10 > 0:23:13Dad's always saying, "Let's go out, let's do some shopping
0:23:13 > 0:23:16"and let's go out and do the apartment," I'm saying,
0:23:16 > 0:23:19"No, I want a bit of Ed's time, I want to go out and buy a treat myself."
0:23:19 > 0:23:22Running on Ed's time doesn't come cheap,
0:23:22 > 0:23:26especially when you find yourself outside a Lamborghini showroom.
0:23:26 > 0:23:28I'm not a massive car fanatic,
0:23:28 > 0:23:30but I've always just wanted one,
0:23:30 > 0:23:34and maybe this might be the start of me getting actually into cars really well.
0:23:34 > 0:23:39So Ed buys one sofa for Dad and one 0-60 in four seconds...
0:23:41 > 0:23:46..100 grand Lamborghini for himself.
0:23:46 > 0:23:49He's not the only one feeling the need for speed,
0:23:49 > 0:23:53although Johnny is looking for something a little more practical.
0:23:53 > 0:23:57We are in Enfield today because instead of buying a house
0:23:57 > 0:23:59I thought I'd buy a car.
0:23:59 > 0:24:05I'm 19-years-old, I think a car works better than a house anyway, so.
0:24:05 > 0:24:09He's not given up on the idea of buying a flat, he just doesn't want one right now.
0:24:09 > 0:24:12I'm not too prepared at the moment to blow that amount of money
0:24:12 > 0:24:15on something that I'm not going to be making more money back from,
0:24:15 > 0:24:19and that I'm not 100% sure on anyway, especially with the market the way it is.
0:24:19 > 0:24:22After weeks of searching, he feels he deserves a little something,
0:24:22 > 0:24:25like a modestly priced 28 grand run around.
0:24:25 > 0:24:27This, this is my cocaine, this.
0:24:27 > 0:24:30- Automatic?- Automatic diesel, that's what I'm after.
0:24:30 > 0:24:32- Yeah, I've got one of those here for you.- Great.
0:24:32 > 0:24:33'It's all positive.
0:24:33 > 0:24:37'I'm glad I'm getting something new. If it's not a house, I'm glad it's a car.'
0:24:37 > 0:24:41Give you a call tomorrow and get the car down here. Have another drive, see what you think.
0:24:41 > 0:24:45- Pretty sure we're in business, yeah. - Fantastic.- Yeah, it's lovely.
0:24:45 > 0:24:48- Thanks for your time today. - Thank you very much. Nice to see you.- No problem.
0:24:55 > 0:24:5918-year-old Amelia has important news for 17-year-old brother Henry,
0:24:59 > 0:25:03she's just spent £225,000 of his inheritance
0:25:03 > 0:25:07on a £500,000 ex-council flat they haven't seen the inside of.
0:25:07 > 0:25:11- Hello. - Hi. Ah. How are you?
0:25:11 > 0:25:17- Very well.- We had a phone call. They said yeah and they accepted our offer.
0:25:17 > 0:25:19- They what?- They accepted our offer.
0:25:19 > 0:25:21- They accepted our offer?- Yeah.
0:25:21 > 0:25:25- What the- BLEEP?- You're kidding.- No. - You're lying.- No, I'm not.- What?
0:25:25 > 0:25:27- I'm not.- That's awesome.- Yeah.
0:25:27 > 0:25:31They head off for a celebratory meal and soon start to figure out
0:25:31 > 0:25:34how they can make their money back on the three bed maisonette.
0:25:34 > 0:25:38What do you think about renting out? Do you want me to rent your room out? Shall we rent one room out?
0:25:38 > 0:25:42- I should get all the money from my room.- Mm hmm.
0:25:42 > 0:25:45And you should get half the money from the other room, so I get one and a half.
0:25:45 > 0:25:50- So you get three quarters of the rent, you get 450 a week and I get 150.- Yeah.
0:25:50 > 0:25:54Like being a landlord to your friends I think is going to be quite tough.
0:25:54 > 0:25:57- If they've been smoking, fag ash and things.- Kick them out.- And a fine.
0:25:57 > 0:26:00- Coz I don't really know them.- Mm. - All I care about is the money.
0:26:00 > 0:26:05Well done Amelia, like for slaving away with buying houses while I've been...
0:26:05 > 0:26:08- At school, having... - Living the life at school.
0:26:08 > 0:26:10THEY LAUGH
0:26:10 > 0:26:12- Cheers, well done. - Yeah, cheers.
0:26:12 > 0:26:16While brother and sister plan for the future,
0:26:16 > 0:26:19it's time for Ed to reveal the new look Mayfair apartment to his dad.
0:26:19 > 0:26:22What Dad wanted me to do is change all this outside area.
0:26:22 > 0:26:27I just took the easy option, I just rolled this astro turf all way out here.
0:26:27 > 0:26:30He was away and then he comes back and he's like is it all done?
0:26:30 > 0:26:32I had about a week or two to get it all done.
0:26:32 > 0:26:37- So Dad, this is it. What do you think?- Wow, yeah, it is different, I agree.- Yeah.
0:26:37 > 0:26:39So talk me through it, what have you done?
0:26:39 > 0:26:43- Horses head.- It's white against white, so, but it looks good, yeah, it's different.
0:26:43 > 0:26:46- But you can spray it red. - This is the only thing I don't like.
0:26:46 > 0:26:50The gorilla's cool. He's angry. Make money, do things.
0:26:50 > 0:26:52Look at this! You like it?
0:26:52 > 0:26:55- Yeah, I feel like do my putting along here now.- I got a cigar chair.
0:26:55 > 0:26:57Why's it called a cigar chair?
0:26:57 > 0:26:59Well, coz it's a dark leather
0:26:59 > 0:27:03- you need...not a biro, you need a proper cigar.- A decent cigar.
0:27:03 > 0:27:07- We can open some champagne. - We'll do a Cristal. - Have you ever tried this before, Dad?
0:27:07 > 0:27:10Of course I have! Eds, it's what I drink every night.
0:27:10 > 0:27:12How can you tell it's Cristal.
0:27:12 > 0:27:15- Coz the bottom bit doesn't have a thumb hole.- Correct!- Yeah.
0:27:17 > 0:27:19Right, cheers. Thank you, Edward.
0:27:19 > 0:27:22- Cheers. Cheers. Thanks. - Excellent. Excellent London pad.
0:27:22 > 0:27:26- Ooh, you can tell that's Cristal. - Ah, it's lovely.
0:27:26 > 0:27:30Next time, we meet Sally and Kim, glamorous best friends
0:27:30 > 0:27:35on the verge of moving into an exclusive £800,000 pad.
0:27:35 > 0:27:38Next year we'll be in the penthouse.
0:27:38 > 0:27:4423 and 24-year-old Matt and Louise buy their very first home for nearly half a million.
0:27:44 > 0:27:46After only seeing it once.
0:27:46 > 0:27:50This is the moment I see it for the second time, when we've actually bought it.
0:27:50 > 0:27:53And, ambitious 21-year-old Amelia
0:27:53 > 0:27:57starts her property portfolio with nearly 500,000 to play with.
0:27:57 > 0:28:00The whole street seems a bit, um, how can I put it?
0:28:00 > 0:28:01Like a bit chavvy.
0:28:17 > 0:28:20Subtitles by Red Bee Media Ltd
0:28:20 > 0:28:24E-mail subtitling@bbc.co.uk