Episode 5 Young, Rich and House Hunting


Episode 5

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Up and down the country, super rich teens and twenty something's

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are snapping up the hottest properties money can buy.

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This is where the mistress will be.

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You could hide your lover in here when your husband gets home.

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How to be a property millionaire, I do like to read that.

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Unless you've got a trust fund, or being bank rolled by mum and dad...

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Some people can work all their life to become a millionaire,

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I just adopted it.

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..the average first time buyer now reaches a whopping 38-years-old.

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38, bloody hell.

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Go back to your dad.

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As Britain's youth are in danger of becoming a generation

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who can't afford to buy their own homes.

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This series follows some of the UK's most affluent young people...

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I don't actually care about this money I'm making.

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80 bottles of Dom Perignon, a couple bottles of Cristal,

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a standard weekend really.

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I'll make a hundred times as much in ten years time.

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..as they hunt for their perfect pads...

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Yeah, this is a bit amazing.

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Oh, I love this.

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-Oh, my God.

-And there's a walk in wardrobe.

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..and go on a serious spending spree.

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That's the theme I want to be going for cos £700 is a good bargain.

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It's going to be extortionate.

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-This one is 420,000.

-79,950.

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Er on the market for about two and a quarter million.

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There is no question, no doubt in my mind, I've become obsessed with property.

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-Have we got it?

-Yeah. My God!

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In tonight's show, we meet a 17 and 18-year-old brother and sister

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who have more than half a million pounds to splash.

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I didn't check where the house was.

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I sort of expected there to be a big sign.

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A 19-year-old Essex boy with over £300,000 to spend on his first flat.

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Yeah, this is, this is a bit of me, without a doubt.

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Oh, my God, this is lovely.

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And a 24-year-old who's been given £1.5 million by his parents

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to build a property empire.

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Bit of dead flies under it. That would definitely not work in my house.

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Outside London, in the Chiltern Hills, Beaconsfield, lives Ed.

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I'm 24-years-old, looking at building a portfolio

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of about four or five properties, around sort of £300,000 each.

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Maybe a two or three bedroom house for some young executives.

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He's lived in the town all his life and his parents

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recently gave him half a million pounds to buy a house.

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I'm a massive fan of Rod Stewart, everyone always takes

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the mick out of me for it, but I've got all his albums and everything.

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How To Be A Property Millionaire, I do like to read that sometimes.

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All my shirts come from a French company.

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I don't want to tell anyone where I get them because the more people you tell

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then the more people you're going to be seeing wearing them.

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But one pad isn't enough.

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He wants a local property empire.

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I think the average house price in Beaconsfield is around 700,000.

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There is a council estate in Beaconsfield, but it's a nicer council estate than some places.

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Is it me or is it just that all council estate houses have really small windows?

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To start his property portfolio, Mum and Dad have now gifted him

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an additional £1.5 million to buy houses in the local area.

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I'm happy to give him money if he's going to invest it

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and look after it in a sort of business way.

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He's got big shoes to fill, Dad Mike recently sold his business

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for a reported £230 million,

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putting him straight onto the Sunday Times rich list.

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Judging by wealth, I suppose yes, I'm at the...

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quite near the top of the list. Am I happier than the average Joe Bloggs,

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you know, with a regular job in a three bedroom semi?

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Well, maybe I am.

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It's very difficult for Edward to do better than I've done.

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But Dad might have competition, as Ed aims to prove him wrong.

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I'm ambitious and I really want to do well. My overall goal

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is to be very successful in business, in whatever I do.

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And I can see that line going down the property route.

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And it's time to catch up with teenagers Amelia and brother Henry.

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When it comes to house hunting, these two are wet behind the ears.

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I'm Amelia. I'm 18.

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I'm Henry and I'm 17 and I'm looking to buy a property with my sister.

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-We've got 600,000 to spend.

-Yeah, we're chipping in together.

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The two teenagers have inherited money and want a London flat.

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Spec doesn't matter for these inexperienced first time buyers,

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but the location is crucial.

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I'm only going to live in Chelsea. It's the centre of the world.

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Exactly.

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They've already seen two properties, but it turns out that a budget

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of £600,000 doesn't get you much in Chelsea.

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Quite small.

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I'd have this as like a sofa, like the room as a sofa.

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The room as a sofa.

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But Amelia is a woman on a mission. In four weeks' time

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she's off on holiday and wants everything sorted beforehand.

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I'm on my gap year as well and so when I get back from travelling

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it'd be really nice to have sort of my own flat and sort of like get out into the real world.

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Not lower basement. Is it SW1V?

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It has to be SW1V, not P, cos as close to Sloane Square as possible.

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Teenage entrepreneur Johnny still lives at home in Southend,

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but wants to find a bachelor pad.

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I am 19-years-old.

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I'm working with a budget of about £300,000.

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He left school at 16 with no qualifications.

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I was extremely, extremely worried about what I was going to do,

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then I was reading Duncan Bannatyne's book, believe it or not,

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from the Dragons' Den, and I just saw a little few bits and pieces in there

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about care homes and, you know, I looked at the basics,

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you need a house and that sort of thing, and I thought OK, let's give it a go, let's give it a try.

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Now aged 19, he's a self-made millionaire, with an expanding

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care home business and a large amount of responsibility.

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You can't be a kid all the time.

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You get a few bits now and then, but the moment the phone rings or

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goes wrong - snaps right back in.

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Call the social worker, call Terry.

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Basically we take people who have got learning disabilities, mental health, and it can range all the way from

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just simple epilepsy and autism, all the way up to full blown paranoid schizophrenia.

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Even with his high pressure business,

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there's still a teenager fighting to get out.

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I love the car. I like

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having stuff that other people think "That's pretty nifty, pretty cool."

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At the moment he's able to socialise quite a lot,

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when he wants to, but work will always come first with Johnny, yeah.

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The success has come at a cost.

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I have completely missed out on my teen years really.

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He has sacrificed quite a lot,

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like he put a lot of time and effort into it, but it's paid off.

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After years of professionally taking care of other people,

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it's time for Johnny to look after number one.

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I don't mind spending money if I know I'll be getting money back for it.

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With an investment there's no question, I'd much rather do it.

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But obviously if I've going to be living in a house, it's a different story and

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I know my stuff when it comes to houses, but I'll be looking at flats probably, which I'm new to.

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In rural Lincolnshire, Amelia is continuing

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her Chelsea flat hunt from the comforts of her childhood home.

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There's a house I like off the King's Road, it's on the market for 550.

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I think it was an ex-council flat.

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I haven't actually looked round it,

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but I know I like it. So I was thinking to offer 525?

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The half million pound cost will be split by Amelia and her brother, using inherited money.

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Henry's currently at boarding school,

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so he'll have to trust his sister's judgement.

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Hi, Henry, I was just wondering,

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there's a house just off the King's Road, and it's for 550,000.

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-What do you think if I put an offer in?

-Definitely. You don't have to look round it.

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I don't think I have to look round it either.

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You see, spontaneity, we think the same.

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Over one million aspiring homeowners can't buy because of house prices and mortgage availability.

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With the money she's been given, Amelia is unaffected.

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Her dreams of a King's Road pad are well within her sights.

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Time to ring the estate agent.

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I don't really care what it looks like really, within reason.

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Um, I just really care where it is and I think that's the perfect spot.

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Do you think you could try her at 525 and see what she says?

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That'd be really kind.

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A £525,000 offer on a flat she's never seen is a big gamble.

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Yep...

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Down in Braintree, Essex, Johnny is making the effort

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to look at his first flat in an upmarket development.

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The main accommodation in this particular mews property is up the stairs.

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He's only 19. most guys his age take home roughly ten grand a year,

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but Johnny has a cash budget of at least £300,000 for his first flat.

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So if we wander down through the living area...

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This is what I mean by when I said I like open plan, I like the space.

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-Exactly.

-It's really nice. Yeah, this is what I was talking about.

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This leads through to the master suite.

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For what they've got out there, what they've got in here doesn't match up to it.

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Next up it's a split level apartment, on for £325,000.

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Yeah, this is a bit amazing, without a doubt.

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Oh, my God, this is lovely.

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-Excellent.

-This is really nice.

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I'm glad I found this place, to be honest. Compared to the stuff

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-I've been seeing, I mean this just beats the

-BLEEP

-out of it.

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-Right. OK.

-You've got the suaveness.

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I can imagine bringing my mates round or something like that and just showing them around and be amazed.

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We'd probably be the loudest ones here, and the youngest ones.

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In Beaconsfield, Ed's situation is also looking good.

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He has one and a half million pounds to kick off his rental empire,

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so he starts by checking out a modern three bedroom semi.

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How much would you think you would get from a tenant per month?

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Between 1,600 and 1,800.

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-And you got this light tube.

-Oh, great!

-To let natural light through.

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Bit of dead flies under it. You could clean them out.

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That would definitely not work in my house. So how much is the property?

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-545,000.

-OK.

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He's open to offers.

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Because this is so close to the amenities it could go very quickly.

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The shops and everything in Holtspur are not great.

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There is a lot of council areas in Holtspur.

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The other side of town has a period property for sale

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and it's £150,000 cheaper.

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-There it is in all it's glory.

-Yeah.

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Built in 1912. It's like me, it's old, but full of character.

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OK, one living room with a nice little den round the corner there.

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You'd have to be pretty short to sit here and do some work.

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Little midget or something down there.

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I may have to go up this one sideways.

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Yeah. Good sized third bedroom.

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-OK. Right, excellent.

-Great. Thanks.

-Off you go.

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Have you got your chequebook?

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The property is on the market for 395

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and the owners might take a little bit less, you never know.

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Faint heart never won fair lady, worth a try.

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399, it's a lot for what they're asking for a, what, 1912 property?

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I definitely think I can get less. If I can buy it for 360 it's a winner.

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I'm going up to London and I might phone him and see if he will accept my offer.

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He's only seen a couple of houses but Ed is ready to start building his property empire.

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I'll be happy to put an offer in of 370.

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Yeah. Thanks very much for your time, Trevor.

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He's going to put the offer to the vendor and phone my back, so...

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Uh, fingers crossed.

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While Ed heads into town, Amelia has already arrived in Chelsea.

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Her offer is on the table, but she's starting to get cold feet.

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No-one rang me back yesterday, so I'm a bit upset about that,

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so anyway I thought I'd have a look and check the house out for myself

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because I've just put an offer in on something that I haven't seen,

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so we better make sure I haven't made a mistake.

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But her first mistake is not knowing the flat's address.

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I think it's Chelsea Manor Court.

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It might not be one of these, I'm just making it up.

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And do you think that's the walkway they were talking about?

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Ooh, ooh, excuse me, I'm looking for a house for sale.

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-You looking for a house to sale here?

-Yeah.

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For sale. Is there? Do you know?

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-No. No. No, I don't think they are for sale.

-Are you, are you sure?

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-Yes, I am pretty sure.

-Oh, OK, there's no houses round here, it's not this. We're lost.

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Classic! I didn't check actually where the house was, I sort of expected there to be a big sign,

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like...saying Amelia's house.

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Oh, my God, I might actually be in luck.

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How, um, serendipitous this situation.

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Ah, yeah. This is like the one card I have in my purse.

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I'm off the King's Road onto Chelsea Manor Street.

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After a few directions from the estate agent, she finally finds her potential new home,

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a three bedroom ex-council flat, on for over half a million.

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I can see. Yeah, that's incredible.

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OK. They're saying there's lots of interest in this,

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you know, we don't know whether we can take your low offer.

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I'm the highest offer they've had,

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it's like they're just pushing it, which is just,

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which is a bit annoying,

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but hopefully they'll see what she says, but I'm really thrilled.

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I'm absolutely delighted.

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This is perfect, this is waiting for me. This is my house,

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so don't let them take it away from me.

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Ed and his dad are on the shooting range.

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It should be a relaxing afternoon,

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but their competitive nature soon gets the better of them.

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Come on, Eduardo.

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Ugh!

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My main thing is to beat Dad,

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-I think if I can beat Dad then I'll be fine.

-Cheating!

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You missed quite a lot.

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I missed two, but then I got two with one cartridge, which is counts twice.

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Hopefully Ed's shooting is more effective than his property dealing,

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because he's had some bad news.

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-Yeah, about the house, did you know I put an offer in?

-Yeah.

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Do you know it got rejected?

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No. Did you explain you're an immediate buyer?

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Yeah, immediate buyer, exchange and complete within seven days.

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Leave the door open a little bit, so they can come back.

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If you've offered it and they've said no, it's like who makes the next phone call?

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You need a reason for them to come back to you.

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-Like Monopoly! If you get three houses you can get a hotel.

-Yeah.

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He might be losing in the property game,

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but at least he has the chance to beat his dad at shooting.

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In sixth place.

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Sitting in the front of the car on the way home.

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Sitting in the front of the car is Mike.

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No!

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-No.

-I don't believe it.

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You fiddled them!

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I haven't fiddled them.

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Hang on.

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-Fourth position, with 17 hits, is Ed.

-Oh, you shut up!

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He is such a... This is so fixed.

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-It's not fixed.

-As long as they put the right things on.

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But how can you expect to win when you get one.

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-Yeah, because I got a full house on the first.

-Yeah.

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Right, listen, I'm sitting in the front.

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Ed's property plans are faltering. He's not the only one.

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19-year-old Johnny has hit the road,

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after deciding that Braintree isn't for him.

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Braintree's in the middle of bloody nowhere

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and trains run to London every hour.

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-If you miss a train you're

-BLEEP.

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It's just not going to be convenient.

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Johnny is used to looking out for other people,

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but looking out for himself is now the priority,

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so he's brought mate Ben along for moral support.

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-Looks all right, don't it?

-Looks pretty tasty, yeah.

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Got a little bit of work going on though.

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They're looking at a two bedroom £420,000 cottage on the outskirts of Hertford.

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It's in the heart of a restoration development, which is still being completed.

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-420 grand, no.

-This is mad.

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Do you know, it's the sort of place you come to see your wealthy nanny.

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She'd sit you down and give you a scone or something and a cup of tea.

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HE LAUGHS Oh!

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Just things that you're not going to use. You want a breakfast bar.

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Just grab a sandwich or something, ain't going to sit down there

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and have croissants in the morning.

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I'm not very happy with it. The developers next door wouldn't even let me have a look.

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They probably wouldn't want you here, to be honest.

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-No, you're right.

-They'd take your money, but they'd kick you out as soon as they could.

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I don't know why they've made it all traditional out here,

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like no telly, literally expecting you to sit there in silence

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and make awkward conversation with your grandma.

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They've given her a wet room, which she's going to go over and do her hip.

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She's going to slip straight over there. But they said

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the next little complex won't be ready till next August.

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I'll have to wear a bloody hard hat every time I go down the shops.

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While Johnny's search continues, in Beaconsfield Ed's had

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a surprise call from the vendors of the period property he made an offer on.

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The offer was rejected to start with and then they left it over the weekend,

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thinking I was going to put a higher offer in, which I didn't.

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So I waited and then, literally, I came out of a meeting on Monday,

0:17:280:17:31

and there was an email saying they accepted the offer.

0:17:310:17:34

So I was really happy when I saw that. So the next stage now is getting the property surveyed,

0:17:340:17:39

really want to exchange in the next couple of weeks and then complete sort of a week after.

0:17:390:17:43

Obviously being a cash buyer I can go in straightaway

0:17:430:17:46

and go and get that.

0:17:460:17:47

So I'm really happy about it and things move forward from there.

0:17:470:17:51

Not to be outdone, his dad has also decided to buy somewhere,

0:17:540:17:57

a penthouse apartment in the heart of London.

0:17:570:18:01

Well, this is our fantastic new London pad. This is the best place in London.

0:18:010:18:05

It'll become a crash pad for the family when they're in town.

0:18:050:18:09

I suppose the balcony and the outside is an exciting part.

0:18:090:18:12

24-year-old Ed has been gifted £1.5 million

0:18:120:18:15

to create a property empire, but right now Dad

0:18:150:18:19

has another challenge for him; redecorating the new flat.

0:18:190:18:24

This is a right state, so he's either got to

0:18:240:18:26

tile it, maybe slate, terracotta tile is not that fantastic.

0:18:260:18:30

He maybe he could put decking down or whatever.

0:18:300:18:33

Ooh, that's a demonstration. I didn't know I'd get that. I assume we'll be safe up here.

0:18:330:18:37

Are they all walking on there, look. See the placards?

0:18:370:18:40

There's hundreds of them, look.

0:18:400:18:44

I feel a bit sort of safe up here. I'll lock the door.

0:18:440:18:47

It's got to be practical, but it's still got to look modern and trendy

0:18:490:18:52

and he's got to get that balance right, so that it looks cool

0:18:520:18:56

and he's got to do it in a reasonable quick time. No pressure.

0:18:560:19:00

While Ed and Dad are over the moon with their new places,

0:19:000:19:03

in Brentwood, Essex, Johnny is having a hard time finding a place of his own.

0:19:030:19:07

I've been so busy lately with business, everything's kind of taken its toll,

0:19:070:19:11

it's limited me to how much I've been checking for houses

0:19:110:19:14

and stuff like that, it's kind of taken a backseat.

0:19:140:19:17

Um, but obviously business is first.

0:19:170:19:19

Today he's taking time off work to visit a flat in Brentwood.

0:19:200:19:23

He knows the area well and is viewing yet another restoration development.

0:19:230:19:27

Maybe this will be the one, as he's discovered a spooky connection with the building.

0:19:280:19:33

Turns out it used to be some kind of Victorian mental assessment unit,

0:19:330:19:38

which has a strong sense of irony considering that's the business that I'm in now.

0:19:380:19:42

The two bed flat is on for half a million pounds,

0:19:420:19:45

that's 15 times the average deposit most first time buyers have to spend.

0:19:450:19:50

This is the second bedroom. You've got a lovely vaulted ceiling, just want to point that out to you.

0:19:500:19:55

-Yeah, that's gorgeous, innit?

-I'd like to know what your initial reaction is.

0:19:550:19:59

-Well, yeah, open space, that's what I love.

-You think this could tempt you?

0:19:590:20:03

It's very tempting, yeah.

0:20:030:20:05

But once again Johnny has issues with bedroom size.

0:20:050:20:08

But I possibly want to see something maybe with bigger bedrooms.

0:20:080:20:12

I saw a place, I thought in this block, not in this block,

0:20:120:20:14

in this development, I think it might have been

0:20:140:20:17

-the bakery one you were talking about.

-I'm afraid that's lived in.

0:20:170:20:20

-Shall we go and meet the owner and see if I can make 'em an offer of.

-No, no, no, I need you here.

0:20:200:20:25

In Chelsea, Amelia is still waiting to hear back from the estate agent

0:20:280:20:32

about the £550,000 ex council flat.

0:20:320:20:35

She originally made an offer 25 grand under the asking price.

0:20:350:20:40

Two other buyers came in, so I had to bid 550,

0:20:400:20:45

and then they said that they'd speak to the vendor last night

0:20:450:20:48

and they would call back sometime last night, but I knew they wouldn't.

0:20:480:20:53

With the flat hanging in the balance,

0:20:530:20:55

Amelia does her best to relax with a friend and hits the King's Road.

0:20:550:20:58

Yeah, what's the time now? 5:15 or something.

0:20:580:21:01

They said they'd get back to me last night or today, but they haven't.

0:21:030:21:07

If they said they were going to call you today, they should have called before five, you'd think.

0:21:070:21:12

She might be rich, but even Amelia has to experience the frustration

0:21:180:21:21

of waiting for an estate agent's call.

0:21:210:21:24

I feel messed around right now.

0:21:240:21:26

-Yeah, you've been waiting all day.

-I've had fun while I've been waiting around,

0:21:260:21:30

but I feel messed around, cos they messed around with the price already.

0:21:300:21:34

But her patience pays off.

0:21:340:21:36

Hi, please can we go to Sloane Square.

0:21:360:21:39

PHONE RINGS Hello. Oh, hi Giles. Oh, my God!

0:21:390:21:41

She accepted mine?

0:21:410:21:43

My, so.. Oh, my God!

0:21:430:21:47

OK. Speak soon. Bye!

0:21:490:21:53

-Bye. Whoa!

-You got it?

-Yeah!

0:21:530:21:57

Oh, my God!

0:21:570:21:59

-Yes. Oh, my God.

-So is it yours?

0:21:590:22:01

Yeah. Well, I haven't put the money through yet.

0:22:010:22:04

-Oh, my God!

-But it's definitely, definitely yours.

0:22:040:22:07

Yeah. Yeah. Apparently she was like, I don't think she was like, we were both cash buyers and everything.

0:22:070:22:12

-Oh, my God.

-But she just picked me.

-That is amazing!

0:22:120:22:16

That's over half a million pounds on a property she's only seen from the outside.

0:22:160:22:21

Ed is under pressure. He only has a week to transform

0:22:220:22:26

his dad's Mayfair apartment into a swanky pad.

0:22:260:22:29

So he starts with a safe bet, the family store.

0:22:290:22:33

Look, I really like this chair.

0:22:330:22:35

I think it's... I think it'll go well in the apartment.

0:22:350:22:38

Buddha head?

0:22:380:22:40

Definitely the sort of theme I want to be going for is sort of a modern theme,

0:22:400:22:44

maybe a sort of cream or even a red,

0:22:440:22:46

like a deep red, like an accent red with some diamantes in the middle.

0:22:460:22:50

They're just so practical.

0:22:500:22:53

This is something that would be great in the Mayfair flat. I really like this.

0:22:530:22:58

I could see two of these being in the seating area.

0:22:580:23:01

Spins as well, so you have a bit of fun.

0:23:010:23:03

I think definitely.

0:23:030:23:06

But shopping for furniture just isn't as much fun as shopping for Ed.

0:23:060:23:10

Dad's always saying, "Let's go out, let's do some shopping

0:23:100:23:13

"and let's go out and do the apartment," I'm saying,

0:23:130:23:16

"No, I want a bit of Ed's time, I want to go out and buy a treat myself."

0:23:160:23:19

Running on Ed's time doesn't come cheap,

0:23:190:23:22

especially when you find yourself outside a Lamborghini showroom.

0:23:220:23:26

I'm not a massive car fanatic,

0:23:260:23:28

but I've always just wanted one,

0:23:280:23:30

and maybe this might be the start of me getting actually into cars really well.

0:23:300:23:34

So Ed buys one sofa for Dad and one 0-60 in four seconds...

0:23:340:23:39

..100 grand Lamborghini for himself.

0:23:410:23:46

He's not the only one feeling the need for speed,

0:23:460:23:49

although Johnny is looking for something a little more practical.

0:23:490:23:53

We are in Enfield today because instead of buying a house

0:23:530:23:57

I thought I'd buy a car.

0:23:570:23:59

I'm 19-years-old, I think a car works better than a house anyway, so.

0:23:590:24:05

He's not given up on the idea of buying a flat, he just doesn't want one right now.

0:24:050:24:09

I'm not too prepared at the moment to blow that amount of money

0:24:090:24:12

on something that I'm not going to be making more money back from,

0:24:120:24:15

and that I'm not 100% sure on anyway, especially with the market the way it is.

0:24:150:24:19

After weeks of searching, he feels he deserves a little something,

0:24:190:24:22

like a modestly priced 28 grand run around.

0:24:220:24:25

This, this is my cocaine, this.

0:24:250:24:27

-Automatic?

-Automatic diesel, that's what I'm after.

0:24:270:24:30

-Yeah, I've got one of those here for you.

-Great.

0:24:300:24:32

'It's all positive.

0:24:320:24:33

'I'm glad I'm getting something new. If it's not a house, I'm glad it's a car.'

0:24:330:24:37

Give you a call tomorrow and get the car down here. Have another drive, see what you think.

0:24:370:24:41

-Pretty sure we're in business, yeah.

-Fantastic.

-Yeah, it's lovely.

0:24:410:24:45

-Thanks for your time today.

-Thank you very much. Nice to see you.

-No problem.

0:24:450:24:48

18-year-old Amelia has important news for 17-year-old brother Henry,

0:24:550:24:59

she's just spent £225,000 of his inheritance

0:24:590:25:03

on a £500,000 ex-council flat they haven't seen the inside of.

0:25:030:25:07

-Hello.

-Hi. Ah. How are you?

0:25:070:25:11

-Very well.

-We had a phone call. They said yeah and they accepted our offer.

0:25:110:25:17

-They what?

-They accepted our offer.

0:25:170:25:19

-They accepted our offer?

-Yeah.

0:25:190:25:21

-What the

-BLEEP?

-You're kidding.

-No.

-You're lying.

-No, I'm not.

-What?

0:25:210:25:25

-I'm not.

-That's awesome.

-Yeah.

0:25:250:25:27

They head off for a celebratory meal and soon start to figure out

0:25:270:25:31

how they can make their money back on the three bed maisonette.

0:25:310:25:34

What do you think about renting out? Do you want me to rent your room out? Shall we rent one room out?

0:25:340:25:38

-I should get all the money from my room.

-Mm hmm.

0:25:380:25:42

And you should get half the money from the other room, so I get one and a half.

0:25:420:25:45

-So you get three quarters of the rent, you get 450 a week and I get 150.

-Yeah.

0:25:450:25:50

Like being a landlord to your friends I think is going to be quite tough.

0:25:500:25:54

-If they've been smoking, fag ash and things.

-Kick them out.

-And a fine.

0:25:540:25:57

-Coz I don't really know them.

-Mm.

-All I care about is the money.

0:25:570:26:00

Well done Amelia, like for slaving away with buying houses while I've been...

0:26:000:26:05

-At school, having...

-Living the life at school.

0:26:050:26:08

THEY LAUGH

0:26:080:26:10

-Cheers, well done.

-Yeah, cheers.

0:26:100:26:12

While brother and sister plan for the future,

0:26:120:26:16

it's time for Ed to reveal the new look Mayfair apartment to his dad.

0:26:160:26:19

What Dad wanted me to do is change all this outside area.

0:26:190:26:22

I just took the easy option, I just rolled this astro turf all way out here.

0:26:220:26:27

He was away and then he comes back and he's like is it all done?

0:26:270:26:30

I had about a week or two to get it all done.

0:26:300:26:32

-So Dad, this is it. What do you think?

-Wow, yeah, it is different, I agree.

-Yeah.

0:26:320:26:37

So talk me through it, what have you done?

0:26:370:26:39

-Horses head.

-It's white against white, so, but it looks good, yeah, it's different.

0:26:390:26:43

-But you can spray it red.

-This is the only thing I don't like.

0:26:430:26:46

The gorilla's cool. He's angry. Make money, do things.

0:26:460:26:50

Look at this! You like it?

0:26:500:26:52

-Yeah, I feel like do my putting along here now.

-I got a cigar chair.

0:26:520:26:55

Why's it called a cigar chair?

0:26:550:26:57

Well, coz it's a dark leather

0:26:570:26:59

-you need...not a biro, you need a proper cigar.

-A decent cigar.

0:26:590:27:03

-We can open some champagne.

-We'll do a Cristal.

-Have you ever tried this before, Dad?

0:27:030:27:07

Of course I have! Eds, it's what I drink every night.

0:27:070:27:10

How can you tell it's Cristal.

0:27:100:27:12

-Coz the bottom bit doesn't have a thumb hole.

-Correct!

-Yeah.

0:27:120:27:15

Right, cheers. Thank you, Edward.

0:27:170:27:19

-Cheers. Cheers. Thanks.

-Excellent. Excellent London pad.

0:27:190:27:22

-Ooh, you can tell that's Cristal.

-Ah, it's lovely.

0:27:220:27:26

Next time, we meet Sally and Kim, glamorous best friends

0:27:260:27:30

on the verge of moving into an exclusive £800,000 pad.

0:27:300:27:35

Next year we'll be in the penthouse.

0:27:350:27:38

23 and 24-year-old Matt and Louise buy their very first home for nearly half a million.

0:27:380:27:44

After only seeing it once.

0:27:440:27:46

This is the moment I see it for the second time, when we've actually bought it.

0:27:460:27:50

And, ambitious 21-year-old Amelia

0:27:500:27:53

starts her property portfolio with nearly 500,000 to play with.

0:27:530:27:57

The whole street seems a bit, um, how can I put it?

0:27:570:28:00

Like a bit chavvy.

0:28:000:28:01

Subtitles by Red Bee Media Ltd

0:28:170:28:20

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0:28:200:28:24

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