- 3 ngày trước
Homes Under the Hammer - Season 28 Episode 56 -
Double Bubble or Double Trouble?
Double Bubble or Double Trouble?
Danh mục
😹
Vui nhộnPhụ đề
00:00Hello and welcome to the show.
00:02Now we are blessed in the UK
00:04with properties in some incredible
00:06locations like this.
00:07And you know what? You might be able to find them
00:10if you head down to your local auction room
00:12and buy your next home
00:14under the hammer.
00:30Properties in the orchestras come in all shapes and sizes.
00:43You never know what you're going to find
00:45and that's part of the appeal.
00:46So what appealed to the buyers
00:48on today's show?
00:51In Ebbervale
00:52I find all sorts of problems in this
00:54commercial space.
00:55There's clearly some reconfiguration
00:58required.
01:00In Tubbridge Wells
01:03Jackie's not too enamoured with the interior
01:06of this property.
01:07Everything is so dated.
01:09Everything needs to be ripped out.
01:12And in rural
01:13Abergavenny, Owines
01:15down on the farm, big time.
01:17I think this has all got to come down.
01:19I mean, look at the state of it.
01:20It's just full of rubbish.
01:23All these properties have been sold at auction
01:26and we'll find out who bought them
01:27and what they paid for them
01:28when they went under the hammer.
01:30You bought it?
01:31Well done.
01:35First up, the Welsh County of Monmouthshire
01:37and the town of Ebbervale.
01:39With its name translating as
01:41Valley of the Wild Horse,
01:43I hope this first auction property
01:45won't be a bumpy ride.
01:47Well, slap bang in the middle of Ebbervale Town Centre
01:51is the property I'm here to see.
01:52And you know what?
01:53It's rare that you're just absolutely stopped in your tracks
01:57by the beauty of a building in a town centre.
02:00But look at that!
02:01Oh my word, it looks so out of place in lots of ways.
02:05But wow, it is a really interesting lot.
02:10Top floor is a two-bed flat.
02:13Already tenanted, so we can't see that.
02:15The ground floor is a commercial space.
02:18Let's explore that.
02:19Oh, by the way, guide price, 80,000 quid.
02:24Wow!
02:31Look at this entrance area.
02:33I don't have to go too much further.
02:35Beautiful stained glass little porchway
02:37with the tiled floor and everything.
02:40Just amazing.
02:41I mean, in its day,
02:42this would probably have been used
02:44by one of the high-end management
02:46from the local mines, maybe.
02:47So a grand building indeed.
02:50As I said, commercial use,
02:51although, I'd say there's lots of bedroom furniture
02:55and toys and over there a bit of a sofa.
02:58So, I don't know,
02:59it looks like it might have been used
03:00not quite for pure commercial.
03:04But a room here, another room off there,
03:07this large entrance area.
03:08Now, that does have the feel
03:10of a commercial kind of building,
03:11as does this little sort of welcome desk.
03:14But the front sitting room,
03:16I mean, you can see this is really quite pleasant.
03:19I mean, you've got the bay window there.
03:20Not in bad condition,
03:22although there's definitely
03:24an overriding smell of damp.
03:28So, I haven't seen anything
03:30which is too bad so far.
03:33So, hmm.
03:35I've got a feeling that
03:36there, there'd be dragons.
03:38Dragons.
03:42Dragons rage outside your door
03:47But I'm on my way
03:50To save you
03:52Kind of sea dragons, probably,
03:55with all the water that I can...
03:57Oh, sea!
03:58Ah!
03:59Wow!
04:01That's...
04:02That's not good.
04:03That room's a disaster.
04:05The ceiling looks like it's about to fall down
04:07and then it's spread to this wall as well.
04:10There's this little sort of courtyardy bit
04:12at the back there,
04:13just full of rubbish at the moment.
04:14That's clearly damp.
04:15You'd expect that,
04:16because it's got rain coming in,
04:17but, um,
04:19just as you
04:19progress into the building,
04:21it just gets worse
04:21and worse and worse.
04:22There's a toilet there.
04:24There's a toilet and shower there.
04:27Strange kind of little...
04:29whatever you want to call this
04:29thingamajog here.
04:31But then it's sort of like,
04:32oh, do I really want to go
04:33this far into the building?
04:34Yes, I suppose I have to
04:35just to show you what it is.
04:37It's down here,
04:38the kitchen.
04:39You wouldn't have expected
04:40a big kitchen,
04:41the fact it was a
04:42commercial property.
04:43So, you just might have expected
04:46something which is
04:47in slightly better condition.
04:49Uh, hmm.
04:52There's clearly some
04:53reconfiguration required
04:55and there's clearly
04:58a little bit of damp
04:58to sort out.
05:09There's no denying it.
05:10This place needs stripping
05:12right back to its bones.
05:14But beneath the mould
05:15and peeling paint,
05:16you're left with a generous
05:17footprint and plenty
05:18of potential.
05:20Before any of that
05:21can be realised, though,
05:22there's something else
05:23that I will need to consider.
05:27Now, let's vacate that area.
05:28A-S-A-P.
05:30Now, let's talk more generally
05:32about the building, then.
05:33Currently, it is, um,
05:35listed as a commercial unit,
05:37even though it looks like
05:38it's been used as residential.
05:39Once you take it on,
05:41you need to formalise that.
05:43And, you know,
05:44some councils might not want
05:47this to be converted
05:48into residential.
05:50You know, you are in a street
05:51of shops and other things.
05:53You know, is it important
05:54to have office space
05:55in the centre of a town
05:57like this?
05:57Quite possibly.
05:58So, it's not a given
06:00that they would allow you
06:01to convert this into residential.
06:02So, you know,
06:03you need to factor that
06:04into your plans.
06:05But, that said,
06:06it would make a really
06:07nice office space anyway.
06:08So, I think there's
06:09lots of options here.
06:11With a residential flat
06:12already in place upstairs,
06:14it's just the ground floor
06:15that needs exploring
06:16for potential conversion.
06:18In some cases,
06:20commercial spaces
06:21can become residential
06:22under permitted
06:23development rights,
06:24but it still requires
06:25local authority approval.
06:27A chat with the local
06:28planning officer
06:29is the best place to start.
06:31And soon you will find
06:32that there comes a time
06:34for making you rise up.
06:36But, in the meantime,
06:37we're turning to a local
06:38estate agent
06:39to get his take
06:40on what could be done
06:41with this mixed-use property,
06:43which came with a guide
06:44price of £80,000.
06:47Certainly, resolving
06:48the damp issues
06:49and the water leak issue,
06:51that is top priority.
06:53After that,
06:54then you've also got
06:55decoration through.
06:56I think the new
06:58owner of the property
06:58will transform it
07:00hopefully into
07:01a really nice
07:02residential apartment
07:04because in centre of town
07:06there's plenty of shops
07:07and, you know,
07:08office units around.
07:10So I think, really,
07:11a ground floor apartment
07:12will work so well.
07:15If you're able
07:16to make downstairs
07:17residential
07:18and create a second
07:19two-bed flat
07:20on the ground floor,
07:21how much does the agent
07:22think he could achieve
07:23on the sales
07:23and rental markets?
07:25Resale value
07:27would be between
07:28£80,000 and £90,000
07:29and if it went on
07:30to the market
07:31for rental,
07:32it'd be around
07:32£675 per calendar month.
07:36Well, a truly
07:37impressive building
07:38that has to be
07:39worth the effort
07:40to bring it back
07:41to its former glory.
07:43The first floor flat,
07:44sorted the ground floor,
07:45lots of damp
07:46and, of course,
07:47you have got the issue
07:48with the change of use.
07:49But let's see who bought it
07:50when it went under the hammer.
07:51This lot was part
07:56of a remote auction
07:57with bids taking place online.
07:59Sold to the online bidder.
08:00Thank you very much.
08:04The successful bid
08:05of £90,000
08:06came from local
08:08entrepreneur Jesse
08:09and I caught up with him
08:10to find out his plans
08:11for the property.
08:13Jesse, good to meet you.
08:15Nice to meet you.
08:16Congratulations.
08:17Thank you.
08:17So tell me
08:18why you wanted to buy
08:19this building.
08:20Ah, it's stunning.
08:22It is?
08:22Yeah.
08:23I used to walk
08:24past this building
08:24or, you know,
08:25buildings like this.
08:26I always wanted
08:27to buy one of these,
08:28especially the stone-fronted
08:30and the Victorian glass.
08:31That's brilliant.
08:32So it was actually
08:33this particular building
08:35that you'd recognise
08:36the style of
08:37and thought,
08:38I want one of those.
08:39Actually, yeah,
08:40like these kinds of building.
08:42Right.
08:42Stone-fronted, yeah.
08:43And then this come
08:44down to the market.
08:45Right.
08:46I can't resist.
08:46Well, it's certainly
08:47a huge, huge building,
08:50isn't it?
08:50I mean, what do you
08:52know about it?
08:53The history of these
08:54places was when
08:55there was a coal mining
08:57or steel mining happening,
08:59these particular type
09:00of flats was given
09:01to the managers
09:01of the coal mines.
09:03Obviously, we couldn't
09:04get upstairs
09:05because it's already
09:06tenanted out.
09:07Do you know about that?
09:08Yeah.
09:09Yeah.
09:09Tell me more.
09:10So basically,
09:11we bought the whole building.
09:12Underneath, there was
09:13a lot of work
09:14that needs to be done,
09:14so we decided to do
09:15the upflow flats first.
09:17So you bought it
09:18a while ago?
09:19Yeah.
09:19Right.
09:20It was roughly
09:20a year ago.
09:21Okay.
09:22And because less work
09:24was involved into it,
09:25so we decided to do,
09:26renovate that particular
09:27piece of building.
09:29Right.
09:29That has been all
09:30renovated now
09:31and it has brought
09:32back to the life.
09:33Yeah.
09:34A lot of back and forth
09:35with the utility companies.
09:37Right.
09:37Because there was a lot
09:38of depth on the meter,
09:39this and that.
09:39Oh, wow.
09:40But, you know,
09:41finally, everything is done
09:43and it has been tenanted out.
09:44It's tenanted out.
09:45Yeah.
09:45So what's your challenge
09:47with what's remaining then?
09:49The plans here is
09:50if council allow me
09:51to convert it
09:52into a flat,
09:53a residential flat.
09:54Right.
09:54We would like to do
09:55that one first.
09:56Are the council suggesting
09:58that that would be possible?
09:59We haven't done
09:59any pre-application yet.
10:00You haven't?
10:01Okay.
10:01Yeah.
10:01We've got two plans
10:02for this particular piece.
10:04One is obviously
10:04converting it
10:05to a residential bit.
10:07Yeah.
10:07If they don't allow us
10:08that permission,
10:09we would rather
10:10leave it as an office.
10:12Yeah.
10:12and at the moment
10:14I also own
10:14one digital marketing agency.
10:17Oh, okay.
10:17And we are based
10:18in Abbeyville Innovation Centre.
10:21Oh, okay.
10:22We are renting the flat there
10:23or the office there.
10:24Right.
10:25So I will be moving
10:25my other company
10:26to this place.
10:27So either way,
10:29it's a good result for you.
10:31Yeah.
10:31Yeah.
10:31So what are the plans
10:33for it then
10:34if you can get residential?
10:35How would you change
10:37what's here?
10:37We would rather
10:38leave everything
10:39what is already here.
10:41Oh, okay.
10:42fixing the
10:43or renewating the things
10:44which need fixing,
10:45especially the ceiling
10:46and putting new kitchen
10:48and new bathroom.
10:50Mm-hmm.
10:51Especially there are
10:52two storerooms
10:53outside the building.
10:55Yes.
10:55So we need to renew it there
10:56because I think that is
10:57in a very, very bad condition
10:59at the moment.
11:00Jesse is all set
11:02to bring this property
11:03back from the brink.
11:04But first,
11:05he has a serious case
11:06of damp to tackle
11:07caused by historic water ingress
11:10from the flat above.
11:11He plans to treat this
11:13with a damp-proof course
11:14and will replace
11:15the damaged floors,
11:17ceilings and walls
11:18to get the property
11:19ready for the rental market.
11:20So what's the budget
11:22for that work?
11:22In my mind,
11:23if it is residential only
11:25and within inside the walls,
11:28I think roughly 60k.
11:3060,000.
11:31And on the timescale?
11:32Four to five months.
11:32Four to five months.
11:33And then...
11:34But presumably,
11:35before you do any of that,
11:35you've got to have the discussions
11:36with the council.
11:37That's correct, yeah.
11:38So what's next in your life?
11:40What plans have you got now?
11:42Well, I got two different companies
11:44which I own.
11:45One is a digital marketing agency.
11:47So I used to be an IT contractor.
11:49Okay.
11:50Now I've started hiring people
11:51and they are doing work
11:53on my behalf.
11:54Okay.
11:55And the second is
11:55a company for property.
11:57And I have that
11:58with one of my partners
11:59who is a builder himself.
12:00Oh, wow.
12:01So, you know,
12:01him and me,
12:02we team up very nicely.
12:04I usually look after
12:06all the legal stuff
12:07and to find out
12:08which property we should buy.
12:10You know,
12:10this is what we need to buy.
12:11And once I have done everything,
12:13right,
12:14once we've got
12:14the planning permission,
12:15he and his team can come in
12:17for this property
12:18and we can do the work.
12:20Great.
12:21Well, listen,
12:21good luck.
12:22Congratulations.
12:23And we look forward
12:24to seeing how you get on.
12:25Yeah.
12:25Thanks a lot.
12:27So,
12:28Jesse proving
12:29that property developers
12:31can have very
12:32rose-tinted spectacles
12:34because some people
12:34would look at this
12:35and go,
12:35what a mess.
12:36but no,
12:37he admires
12:38and loves the building
12:39and that's great.
12:40How will he get on
12:41sorting it out?
12:42It all comes down
12:42to getting that planning permission
12:43but he does have
12:45a backup plan
12:45so you can see
12:46how it all turns out
12:47later in the show.
12:48We're heading to Royal Tunbridge Wells,
12:57a stylish spa town
13:00in Kent
13:00that earned
13:01its royal prefix
13:02in 1909
13:04when King Edward VII
13:06granted the title
13:07to recognise
13:08its popularity
13:09with many aristocratic
13:11and royal visitors
13:12including his mother,
13:13Queen Victoria.
13:14Today it's welcoming
13:16another keen admirer
13:17so let's hope
13:18the auction lot
13:19Jackie's here to see
13:20is blooming marvellous.
13:21Well, I'm on the edge
13:24of Tunbridge Wells
13:25and this is a great location.
13:27You've got everything
13:27you need close by.
13:29There's shops,
13:30there's a park,
13:31there's schools,
13:32you've got great transport links
13:33so if you're looking
13:35for the perfect location
13:36this could be right up your street.
13:39Now the property
13:39I'm here to see
13:40is a three bed mid terrace
13:41that went to auction
13:42with a guide price
13:43of £150,000
13:44and here it is.
13:47I can see there is
13:48rotting windows
13:49they look single glazed
13:50that needs to be addressed
13:51but the roof looks sound
13:53actually
13:53but the other thing is
13:55there are two doors.
13:58Why is that?
13:59Let's take a look.
14:07Okay, so
14:08as soon as you enter
14:09stairs leading up
14:10to the first floor
14:11but you've got
14:11this little space here
14:12somewhere to hang your coats
14:13et cetera
14:14and then into
14:16your living space
14:18there is central heating
14:19not a bad space actually
14:22you've got this
14:23tiled fireplace
14:24double aspect windows
14:26but again
14:27single glazed
14:29everything about this
14:31is dated
14:31dated carpets
14:33dated wallpaper
14:34dated electrics
14:36for sure
14:36there's a bit of
14:37sort of mould
14:38if you like
14:39but that could be
14:40because this place
14:41hasn't been
14:42ventilated
14:43or aired
14:44for some time
14:45you can just tell
14:46even just by the
14:47net curtains
14:48but all in all
14:49not a bad size
14:52let's continue
14:53okay
14:54so the
14:55dated theme
14:57continues
14:57into the kitchen
14:59so you've got
14:59sort of
15:00storage here
15:01underneath the stairs
15:02door leading out
15:05to the garden
15:06we'll investigate
15:06that later
15:07everything is so dated
15:09everything needs
15:10needs to be ripped out
15:11I do love the sink
15:12though I must admit
15:12there is a boiler
15:13actually
15:14it doesn't look too bad
15:16but get it checked out
15:17and then
15:18aha
15:18here is
15:20the door
15:21so this is your door
15:24that we saw
15:24out the front
15:25so this sort of area
15:27almost like
15:28sort of utility
15:28you've got your meters
15:30there etc
15:31and I'm not sure
15:32what this is
15:33maybe back in the day
15:34this was coal storage
15:35maybe they had
15:37some sort of gate here
15:38and maybe the coal
15:39was delivered here
15:40and then thrown in there
15:42for the fire
15:42who knows
15:43I'd be tempted
15:45to knock through
15:46this whole area
15:48and even
15:48that storage area
15:50underneath the stairs
15:51and then you would
15:52create a really
15:54lovely
15:54inviting
15:56kitchen
15:57diner
15:58which I think
15:59would work well
16:00with this property
16:01it all depends
16:02on what you're going
16:03to use it for
16:04and it all depends
16:05obviously
16:05on your budget
16:07doesn't it always Jackie
16:10heading upstairs
16:20there's potential
16:21for more reconfiguration
16:23in the first bedroom
16:25the cupboard in the corner
16:26which used to house
16:27the old water tank
16:28could be knocked through
16:29to create more space
16:31within this room
16:32there's also
16:34a good sized bathroom
16:35but of course
16:36everything is in need
16:37of a thorough renovation
16:38as for the other side
16:42of the landing
16:42oh
16:45okay
16:46this is interesting
16:47er
16:49okay
16:52bedroom
16:53small
16:54but there is a window
16:55bedroom
16:59small
17:00but bright
17:01so what they've done
17:03they've created
17:05a third bedroom
17:06because this was
17:07obviously a two bed
17:08mid terrace
17:09they've popped
17:10on this stud wall
17:12that little walkway
17:14entrance into that room
17:15entrance into this room
17:17to create
17:18bedroom two
17:19and three
17:20would you
17:21knock that through
17:22and then just
17:23reinstate it
17:24as a two bed
17:25or would you
17:26keep it as a three bed
17:27because it does work
17:28it just makes them
17:28a little bit more
17:29sort of small
17:30so the dilemma here
17:41might just be
17:42whether to hold on
17:43to that third bedroom
17:44or return
17:45to a two bed layout
17:46a decision
17:47that could make
17:48a big difference
17:49but before we get
17:50to that
17:51there's the not
17:52insignificant matter
17:53of the rear garden
17:54to sort out
17:55wow
17:56this is a huge garden
17:58it looks like
17:59someone started
18:01clearing
18:02so you've got
18:03lots of the
18:04sort of shrubbery
18:05and branches
18:06here
18:06but when you look
18:07at the garden
18:08it is
18:10long
18:11and as wide
18:12as the property
18:13but really
18:14great scope
18:15but looking back
18:17at the house
18:18there could be
18:19potential
18:20to extend
18:21and it would
18:22still give you
18:23plenty
18:24of outside space
18:25obviously
18:26it all depends
18:27on what you're
18:27going to do
18:28with the property
18:28what's its use
18:30and of course
18:31that all
18:31important budget
18:32but it is
18:33food for thought
18:34with a generous
18:36plot
18:37and space
18:37to extend
18:38not to mention
18:39its desirable
18:40location
18:40this house
18:41has the potential
18:42to be transformed
18:43into a fantastic
18:45family home
18:46but does
18:48a property
18:48expert agree
18:49we asked
18:50one along
18:50from the auction
18:51house
18:51that sold
18:52a lot
18:52to get
18:53his thoughts
18:53and valuations
18:54on this
18:55three bed
18:56guided
18:56at 150,000
18:58so when you
18:59walk into
19:00the door
19:00of this property
19:01you'll notice
19:02straight away
19:02that it's
19:03very very
19:04dated
19:04there are
19:06really signs
19:07of damp
19:07but it's
19:08probably where
19:08it's not
19:09been lived
19:09in for a while
19:10this needs
19:11a full refurb
19:12but really
19:13it needs to be
19:14brought back
19:14to life
19:14this property
19:15would he
19:16suggest
19:17any layout
19:17changes
19:18because you're
19:19stripping this
19:20property
19:20back to basics
19:21it gives you
19:22a real opportunity
19:22to potentially
19:23reconfigure the
19:24property
19:25and I can see
19:26downstairs
19:26it probably
19:28could be made
19:28into an open
19:29plan
19:29there's a lot
19:30of rooms
19:30that don't
19:31particularly work
19:31I would try
19:32my best to keep
19:33it as a
19:33three bedroom
19:34property
19:34I think that
19:35most families
19:35are looking
19:35for that
19:36and if you're
19:37looking to
19:37rent it out
19:38then it
19:38certainly would
19:38be beneficial
19:39to have
19:39three bedrooms
19:40and once
19:42the renovation
19:42work has been
19:43carried out
19:43what could
19:44the returns
19:45be
19:45once this
19:47property
19:47has been
19:47fully refurbished
19:48and brought
19:49to a modern
19:49standard
19:50if it was
19:51to go
19:51into the
19:51market
19:52I would
19:52expect to
19:53see it
19:53go on
19:53market
19:54somewhere
19:54around
19:54in the
19:54region
19:55of
19:55£375,000
19:56if they
19:57were looking
19:58to rent
19:58it out
19:58after refurb
19:59I would
20:00expect it
20:00to go
20:01in the
20:01market
20:01for about
20:01£1,800
20:02per calendar
20:02month
20:03so there's
20:05quite a bit
20:06of work
20:07to be done
20:07here to
20:08get this
20:08house up
20:09to scratch
20:09but a good
20:10idea would
20:11be to
20:12think about
20:12perhaps some
20:13layout changes
20:14to maximise
20:15the space
20:16but once all
20:17the work
20:17has been
20:18done
20:18this could
20:19be a
20:19cracking
20:20house
20:20in a
20:20great
20:21location
20:21so who
20:22saw its
20:22potential
20:23let's find
20:24out when
20:24it went
20:25under the
20:25hammer
20:25this lot
20:30was part
20:30of a
20:30remote auction
20:31with bids
20:32taking
20:32place
20:32online
20:33sold
20:34the successful
20:38bid of
20:38£230,000
20:39was made
20:40by Sam
20:40joined today
20:41by partner
20:42Charlotte
20:42the couple
20:44will be
20:44taking on
20:44the renovation
20:45together
20:45and they
20:46met
20:46Jackie
20:47to tell
20:47her
20:48their
20:48plans
20:48Sam
20:51Charlotte
20:52lovely to
20:52meet you
20:52both
20:53you too
20:53wow
20:54what a
20:55property
20:55what made
20:56you go
20:56for this
20:56one
20:56well
20:57I've
20:57viewed a
20:58couple
20:58of them
20:58before
20:58interiorly
21:00they were
21:01a lot
21:01worse
21:01mouldy
21:02wet
21:03flooring
21:03everything
21:04and this
21:05one was a
21:05lot bigger
21:05garden
21:06nice location
21:07and obviously
21:08interiorly
21:08it's not as
21:08bad
21:09as in terms
21:10of work
21:10needing done
21:11to it
21:11I thought
21:12it was a
21:12lot more
21:13manageable
21:13did you view
21:14it?
21:14I went
21:14I went
21:14personally
21:15because she
21:15was at
21:15work
21:16but there
21:17was an
21:18open
21:18house
21:18so is
21:19this
21:19an
21:19area
21:19that
21:19you
21:20know
21:20really
21:20well
21:20then
21:20yeah
21:21we
21:22know
21:22it
21:22really
21:22well
21:22we both
21:23work here
21:24Sam lives
21:24here on the
21:25pantiles
21:25so really
21:26kind of
21:26close proximity
21:27to everything
21:28the station
21:29there's a school
21:29just down the
21:30road
21:30so really
21:31good for
21:32kind of a
21:32family first
21:33home
21:33obviously
21:34we're keeping
21:35it the three
21:35bedrooms
21:35so I think
21:37it works
21:37well for
21:37that
21:37what is it
21:38that you
21:38do
21:39do you
21:39do
21:39properties
21:39or
21:40well it's
21:44oh that's
21:45lovely
21:45it's very
21:46exciting
21:46obviously
21:46a few
21:47guys
21:47per year
21:47as well
21:47first property
21:49hopefully nothing
21:50goes wrong
21:50really
21:51so is that
21:51the plan
21:52is this
21:52the thing
21:53going forward
21:54is to get
21:55properties
21:55do them up
21:56and build
21:57a portfolio
21:58yeah so we're
21:59going to sell
21:59the first couple
22:00and then from
22:01there start
22:01looking into
22:02rentals
22:02maybe ultimately
22:04commercial space
22:05but I've got to
22:05focus on the
22:06present now
22:07so go from there
22:08but it's good
22:08to have that
22:09goal
22:09and then will
22:11you do that
22:11as a joint
22:12venture together
22:13then
22:13well hopefully
22:13that's the aim
22:14yeah
22:15oh wow
22:16so what is it
22:17that you do
22:17if you don't
22:18do property
22:18this is your first
22:19yes so I do
22:19forex trading
22:20at home
22:21oh excuse me
22:22so it's good
22:23what like buy
22:23buy sell sell
22:24yes yeah
22:25really well
22:25so yeah I mean
22:28I wanted a new
22:30experience
22:30new venture really
22:31so I've gone
22:32into property
22:33oh that's great
22:34and what about
22:34you Charlotte
22:35I work in tech
22:36recruitment
22:36so we actually
22:38met initially
22:38doing that
22:39he did kind of
22:40the forex on the
22:41side but now
22:42obviously getting
22:42into this
22:43we expect it
22:44will be a
22:44learning curve
22:45come across
22:46probably quite a
22:47few unsurprising
22:48kind of costs
22:50but hopefully
22:51to stay within
22:51the budget
22:52I think is the
22:53main aim
22:53so let's talk
22:54about the
22:55property
22:55what is the
22:56plan because
22:57to me I see
22:58a lot of
22:58potential
22:58talk me through
22:59what you're
23:00going to do
23:00here
23:01well I think
23:01downstairs
23:02we're going
23:02to keep it
23:03kind of not
23:03through the
23:04rule in the
23:04kitchen
23:04yes
23:05and then
23:06kind of make
23:06two large
23:07spacious rooms
23:08the three
23:09bedrooms
23:09keeping upstairs
23:10and then
23:11downstairs
23:11just having
23:12that nice
23:12spacious
23:13living area
23:14as well as
23:14a nice
23:15kind of
23:15spacious
23:16kitchen
23:16diner
23:17and then
23:17of course
23:18all the
23:18windows
23:18because
23:18they're
23:19sort of
23:19these
23:19metal
23:19frame
23:20single
23:20glaze
23:20all of that
23:22has to be
23:22will be
23:22replaced
23:23yeah
23:23Sam and
23:26Charlotte
23:26want to
23:26transform
23:27this lot
23:27into a
23:28bright and
23:28modern
23:29family home
23:29with newly
23:30landscaped
23:31front and
23:32rear gardens
23:32they hope
23:34to complete
23:35the project
23:35within six
23:36to eight
23:36months
23:37with a
23:37budget
23:37of 50,000
23:38but who
23:39will be
23:40carrying out
23:40the work
23:41so my
23:45uncle is
23:45a
23:46landscaper
23:46slash
23:47Andy
23:47man
23:47exactly
23:48very good
23:49so he's
23:49going to
23:49come in
23:50actually
23:50tomorrow
23:50and we
23:51start
23:51working out
23:52getting
23:53straight on
23:53up
23:53a few
23:54other family
23:54members
23:55and neighbours
23:55who I know
23:56are also
23:56builders
23:57and carpenters
23:58so we
23:59all need to
23:59get professionals
24:00in for the
24:00electrics
24:01and plumbing
24:02yes
24:02let's face it
24:04this is going
24:04to be a
24:04transformation
24:05from what it
24:06is now
24:06well look
24:07I wish you
24:08both the
24:08very best of
24:09luck
24:09I really do
24:10thank you
24:10thank you
24:11thank you
24:11very much
24:12well it's
24:14exciting times
24:15for Sam
24:16and Charlotte
24:16as they
24:17embark on
24:18their property
24:19renovation
24:19journey
24:20this is
24:21property
24:21number one
24:22they don't
24:23seem phased
24:24at all
24:24they've got
24:25family and
24:26friends to
24:26help them
24:27with the
24:27renovations
24:27and they'll
24:28bring in a
24:29crack team
24:29of trades
24:30to help
24:30with things
24:31like the
24:31plumbing
24:31the heating
24:32and the
24:33electrics
24:33will it all
24:34go according
24:35to plan
24:35I do hope
24:36so
24:36but you can
24:37find out
24:37later in
24:38the show
24:38Celticub
24:42can the
24:43buyers of
24:43these farm
24:44buildings
24:44pull off
24:45a remarkable
24:45transformation
24:46well we're
24:47looking to
24:48turn them
24:48into two
24:49four bed
24:49properties
24:50and in
24:53Tunbridge Wells
24:54we catch up
24:55with Sam
24:55and Charlotte
24:55as they
24:56attempt their
24:57first ever
24:57property
24:58renovation
24:58but now
25:04we're heading
25:04back to
25:05Ebervale
25:05where I
25:06saw this
25:06Victorian
25:07property
25:07that included
25:08a first
25:09floor flat
25:09and a
25:09commercial
25:10space on
25:10the ground
25:11floor
25:11all for
25:12the guy
25:12price of
25:13£80,000
25:14look at
25:15that
25:16oh my word
25:17it looks
25:18so out of
25:19place in
25:19lots of
25:19ways
25:20from the
25:22outside
25:22it may
25:22have stood
25:23out for
25:23all the
25:24right
25:24reasons
25:24but inside
25:25the peeling
25:26walls
25:26an odd
25:26layout
25:27made it
25:27a little
25:28less
25:28eye
25:28catching
25:29there's
25:30clearly
25:30some
25:31reconfiguration
25:32required
25:32and clearly
25:33a little bit
25:33of damp
25:34to sort
25:34out
25:34it was
25:36Jesse
25:36who stamped
25:37up the
25:37entire
25:37property
25:38for
25:38£90,000
25:39with the
25:40first floor
25:40flat
25:40already
25:41transformed
25:42he was
25:42rolling up
25:43his sleeves
25:43for round
25:44two
25:44the ground
25:45floor
25:46commercial
25:46space
25:47the plans
25:48here is
25:49if
25:49council
25:49allow me
25:50to convert
25:50it into
25:51a flat
25:51a residential
25:52flat
25:52right
25:53we would
25:53like to
25:54do
25:54that
25:54although
25:55the residential
25:56route
25:56was
25:56plan A
25:57plan B
25:58would see
25:58Jesse
25:59keep the
25:59ground
25:59floor
26:00as offices
26:00either way
26:02he was
26:02planning a
26:02significant
26:03renovation
26:04with a budget
26:04of £60,000
26:06and a time
26:07scale of
26:07four to five
26:08months
26:08now
26:10almost two
26:11years later
26:12we're back
26:13wow
26:21what a
26:21transformation
26:22this once
26:23run down
26:24damp property
26:25has been
26:25brought back
26:26to life
26:26and while
26:27it remains
26:28a commercial
26:28space
26:29Jesse has
26:30created sleek
26:31modern offices
26:32with high end
26:33finishes
26:33throughout
26:34all the rooms
26:36are totally
26:36transformed
26:37we changed
26:39the whole
26:40roof
26:40we've seen
26:41that the
26:42rafters
26:43the wood
26:43is totally
26:43gone
26:44you touch it
26:45and it crumbles
26:46in your hand
26:46so we decided
26:47to change the
26:48whole roof
26:49at that point
26:50the storerooms
26:52behind the
26:52offices
26:53is basically
26:54a lot of
26:56damp
26:56and a lot
26:57of water
26:57was pouring
26:58down
26:58so we have
26:58to do
26:59the tanking
27:00and things
27:00like that
27:00which we
27:01haven't planned
27:01before
27:02then a
27:03total
27:04renovation
27:04inside
27:05new kitchen
27:07changing
27:08bathrooms
27:09and things
27:09like that
27:10but yeah
27:10I would say
27:11it's a full
27:11renovation
27:12project
27:12it may look
27:14like a
27:14brand new
27:14property
27:15but the
27:15layout
27:16remains
27:16largely
27:16unchanged
27:17and while
27:18Jesse
27:18didn't go
27:19down the
27:20residential
27:20route
27:21opting to
27:21stick with
27:22commercial
27:23use
27:23he always
27:24had his
27:25plan B
27:25to fall
27:26back on
27:26half of
27:27the property
27:28we want
27:28to keep
27:28it for
27:29our own
27:29office
27:30we own
27:31a digital
27:31marketing
27:32agency
27:32that will
27:33come down
27:33here
27:33and two
27:35rooms
27:35we will
27:36further
27:36rent it
27:36moving his
27:39business into
27:40a property
27:40that he owns
27:41makes good
27:42financial sense
27:43but I also know
27:44Jesse will just
27:45love being in
27:46this building
27:47so whenever I
27:49used to come
27:50down to the
27:50town I always
27:51used to look
27:52at this property
27:52and finally I
27:54got the
27:54opportunity to
27:55buy this
27:55the whole
27:56reason of
27:57buying this
27:57property was
27:58that porch
27:59I love that
28:00porch
28:00especially the
28:01stained glasses
28:02and things
28:02that is what
28:03the character
28:03of the building
28:04is
28:04the stone wall
28:06outside and
28:06that stained
28:07glass
28:07we've done
28:08a lot of
28:09work
28:09we repair
28:10all the wood
28:11fill it
28:12and repaint
28:12it
28:13I'm very
28:13very pleased
28:14yeah
28:14I don't think
28:15I can do
28:16any better job
28:17than what
28:17we did
28:18it does look
28:28wonderful
28:29the porch
28:29has also been
28:30re-roofed
28:31hence the
28:31scaffolding
28:32but Jesse
28:33hasn't just
28:34restored the
28:35old
28:35he's made
28:36some adjustments
28:36on the inside
28:37to make the
28:38building a
28:38modern
28:39practical
28:39office space
28:40the kitchen
28:43was very
28:43small
28:44tiny
28:44so we
28:45thought to
28:46just break
28:46that wall
28:47you know
28:48reduce the
28:48shower room
28:49a bit
28:49and increase
28:50the kitchen
28:50because that
28:51is what
28:51is needed
28:52in the office
28:53we thoroughly
28:54thoroughly
28:55insulated the
28:56property
28:56you know
28:58extra layers
28:58of insulation
28:59within the
29:00roof
29:00and we
29:00changed it
29:01all the
29:02outer walls
29:03are being
29:03insulated
29:04now
29:04even the
29:05internal walls
29:06are insulated
29:07a lot of
29:08radiator
29:08has been
29:09changed
29:09and we
29:10have
29:10selected
29:10or utilised
29:11the air
29:12source heat
29:12pump
29:13just to
29:14be on
29:14that
29:14sustainability
29:15factor
29:15I think
29:17that's
29:18terrific
29:18it goes
29:19to show
29:19that with
29:20work and
29:20planning
29:21even older
29:21buildings
29:22can be
29:22made
29:23more
29:23environmentally
29:23friendly
29:24in fairness
29:26though
29:26it also
29:27took money
29:28to install
29:28the insulation
29:29and double
29:30glazing
29:30required
29:30to make
29:31the air
29:32source
29:32heat
29:32pump
29:32effective
29:33Jesse
29:35has had
29:35to spend
29:35$114,000
29:37which includes
29:3810 grand
29:39for a light
29:39refurbishment
29:40of the
29:40flat upstairs
29:41a lot
29:42more than
29:43his intended
29:43$60,000
29:44budget
29:45what about
29:47the time
29:47scale
29:47it took
29:49me two
29:50and a half
29:50years
29:51because my
29:51other projects
29:52was going
29:53on
29:53where my
29:54team was
29:55working on
29:55once we
29:56started the
29:57work it
29:57took us
29:58roughly four
29:59months to
29:59complete it
30:00Jesse
30:03bought the
30:04building
30:04including the
30:05tenanted
30:05flat on the
30:06first floor
30:06for £90,000
30:07now after
30:09renovations
30:10his total
30:10spend stands
30:11at $204,000
30:13it's a new
30:14addition to
30:15his growing
30:15portfolio
30:16but is it
30:17a profitable
30:17one
30:18to find out
30:19we've asked
30:20back the
30:20estate agent
30:21who viewed
30:21the property
30:22earlier
30:22this is the
30:25second time I've
30:26visited this
30:26property and
30:27what an
30:27absolute
30:27transformation
30:28has been
30:29made
30:29clean
30:30tidy
30:31beautifully
30:32presented
30:32but the
30:34most important
30:35thing
30:35there's a lot
30:36of original
30:37features that
30:38have been
30:38kept and
30:38retained
30:39especially on
30:40the entrance
30:41port itself
30:42for the local
30:42businesses
30:43it's tick
30:44tick tick
30:45all round
30:45I couldn't
30:47agree more
30:48but what does
30:48he think it
30:49could bring in
30:50if Jesse
30:50were to sell
30:51the commercial
30:52space only
30:53if this property
30:55was to come onto
30:56the sales market
30:56I would expect it
30:58to be marketed
30:59around £90,000
31:00I think it
31:02will be anything
31:02around £100
31:03to £110
31:04but to be very
31:06frank I have no
31:06intentions to sell
31:07it
31:07so far more
31:10importantly in this
31:11case what sort
31:12of rental income
31:12could Jesse
31:13achieve on the
31:15commercial space
31:16I would expect
31:18the property
31:18on a monthly
31:19basis
31:20to rent out
31:22for around
31:22£800 per
31:23calendar month
31:24up to £1,200
31:25per calendar month
31:26dependent on
31:27what's rented
31:29I think I'm
31:29with it
31:30yeah
31:31I think anything
31:32between £1,000
31:32to £1,200
31:33is a good
31:34rental
31:35if he can
31:37achieve that
31:38top figure
31:38of £1,200
31:39per calendar month
31:40having spent
31:41a total of
31:42£204,000
31:43on the building
31:43that would give
31:44Jesse a yield
31:45of 7%
31:46but don't forget
31:49that's just
31:49for the downstairs
31:50Jesse's also
31:52receiving income
31:53from the residential
31:54flat above
31:54I think this
31:56goes down
31:57as a sound
31:58investment
31:58but that's
31:59not why
32:00Jesse chose
32:01this particular
32:01building
32:02I know
32:06sometimes
32:06it doesn't
32:07make sense
32:08because
32:08you know
32:09the value
32:10of the property
32:10may not be
32:11that much
32:12how much
32:12money we
32:12have put in
32:13but it's
32:14just pleasing
32:15you know
32:15just to bring
32:16the property
32:16back to the life
32:17for our final
32:25property we're
32:26returning to
32:26South Wales
32:27can you blame
32:28us
32:29the towns and
32:29villages here
32:30always throw up
32:31intriguing properties
32:32at auction
32:33and Owain's found
32:35one that definitely
32:36fits that bill
32:37taking a trip
32:38up to
32:39Abergavenny
32:41today I'm just
32:42outside the market
32:43town of
32:44Abergavenny
32:45gorgeous part of
32:46Wales this
32:46we've got the
32:47rolling countryside
32:47lots of green
32:49round here
32:49absolutely stunning
32:50now I'm really
32:52excited to see
32:52what's at the end
32:53of this path
32:54because it's
32:54described as
32:55a rare opportunity
32:57and what we have
32:58here I think
32:59we have a
33:00concrete barn
33:01a stone barn
33:03we also have
33:04some stables
33:04and some
33:05workshops
33:06loads on this
33:07site
33:07guide price
33:08£330,000
33:10it's quite
33:11substantial
33:11can't wait
33:13to explore it
33:13let's have a
33:14look
33:14exploration
33:21opportunities
33:21are plenty
33:22there's a barn
33:23there
33:24it looks like
33:25it's just a bit
33:25of a dumping
33:26ground actually
33:27an open manhole
33:29so I'm going to
33:29give that a
33:30wide berth
33:31another building
33:32over here
33:32then this is
33:33another large
33:34kind of barn
33:35type building
33:35I suppose
33:36concrete walls
33:37we have asbestos
33:39overhead so
33:40that's not ideal
33:41I think this has
33:42all got to come
33:42down I mean
33:43look at the
33:43state of it
33:44it's just
33:44full of rubbish
33:45oh love this
33:47this is an old
33:49rev counter
33:50and speedo
33:51143,000 miles
33:53on the clock
33:53bit more miles
33:54than this place
33:55I imagine
33:55but I don't know
33:56what could you do
33:58to this place
33:58anything
33:59nothing really
34:00I think this has
34:01to come down
34:02however
34:02it is attached
34:04to the gorgeous
34:05stone barn
34:06which is just
34:07next door to this
34:08the other side
34:08of it
34:09when you look
34:10at a place
34:11like this
34:11you think
34:11what could we
34:12possibly transform
34:13it into
34:13and I think
34:14the answer
34:14here is
34:15nothing
34:15it has to come
34:16down
34:16yes once you've
34:27had a specialist
34:28take off the
34:28asbestos roofs
34:29there won't be
34:30much to salvage
34:31from the concrete
34:32barns as concrete
34:33walls fall under
34:34non-standard construction
34:36for residential buildings
34:37it's best to rip them
34:39down completely
34:40and start from scratch
34:41on what will be
34:42a generously sized
34:44plot
34:44but luckily
34:46we do have plenty
34:47to work with here
34:48the stables are in
34:51good condition
34:51and with the right
34:52planning permission
34:53could be repurposed
34:54and the neighbouring
34:56stone barn
34:57on the far side
34:58shows even more promise
35:00now with all the
35:03buildings that are
35:04part of this lot
35:05surely this is
35:06the piece de resistance
35:07the chef's kiss
35:08moment
35:09look at it
35:09it's a stone barn
35:11it has many
35:12original features
35:13I think a lot of
35:15these will have to go
35:15look at the barn
35:16doors
35:17stunning
35:18look at the joists
35:19above the windows
35:20and the doors as well
35:21you've got that
35:21original wood there
35:22and I love the
35:24first floor doors
35:25not for a balcony
35:26they were used for
35:27ventilation
35:28as would those slots
35:29have been down there
35:30in the wall as well
35:31it's a stunning looking
35:32building
35:33now looking at the roof
35:34line
35:35I think work has been
35:37done on this already
35:38because that roof
35:38looks pretty new to me
35:40unlike the walls
35:41and the rest of it
35:41I can't wait to have
35:43a nose round inside
35:44let's see if we can
35:45have a little look
35:46yes
35:47right I'm going in
35:48wow
35:50well I'm really surprised
35:52because actually
35:52what I was expecting
35:53was a huge room
35:56with a big void
35:56but so much work
35:58has been done in here
35:59look there's a floor
36:00in here already
36:01this looks new
36:02they've put RSJs in
36:04steel joists
36:04to support what's
36:05above us
36:06we still have some
36:07hints of the past here
36:09like this pipe work
36:11which I imagine
36:11would have been
36:12to put water into
36:13something that animals
36:13could drink out of
36:14perhaps
36:15I don't know
36:15oh my gosh
36:16look at this
36:17wow
36:18this is stunning
36:20ok
36:22it needs a lot
36:23of work
36:23but so much work
36:25has already been done
36:26we can see up
36:27into the first floor
36:28there's a new roof
36:29up there
36:30and there's space
36:32here for
36:32one large home
36:34possibly two
36:36but I think
36:36this is probably
36:37one dwelling
36:38and just so great
36:40to see
36:40work has already
36:41been done in it
36:42and actually
36:43what this also
36:44says is
36:44potentially
36:46planning
36:46is still in place
36:48because planning
36:48would have been
36:49sought for this
36:50work
36:50and it looks
36:51quite recent
36:52so that should
36:53still be in place
36:53but of course
36:54you must check
36:55well this is
36:59a surprise
36:59and will surely
37:01make the lot
37:01more appealing
37:02to potential buyers
37:03but what exactly
37:04was the planning
37:05permission for
37:06here
37:06and is it
37:07still in place
37:08let's hope
37:10a local estate agent
37:11has some answers
37:12for this lot
37:13guided at
37:14330,000
37:15so the current
37:18planning consent
37:19at the moment
37:20provides
37:21two fabulous barns
37:22two storeys
37:23one three bed
37:25and one four bed
37:26each with a garage
37:28the planning
37:29is insisting
37:30on the stonework
37:31remaining
37:31and the garages
37:34will be
37:35complemented
37:36by some
37:37fabulous woodwork
37:38once the barn
37:40has been converted
37:41into two separate
37:42dwellings
37:43how much does the
37:44agent think
37:44each could fetch
37:45on the sales market
37:46for the four bedroom
37:49you are looking
37:49around 550,000 pounds
37:52for the three bed
37:54around the 500 to 5
37:56to 5,000 pound mark
37:58well there is a substantial
38:20amount of property
38:21here
38:21we have
38:22a couple of barns
38:23we have stables
38:24but with that
38:25comes a lot of work
38:27you would need to put
38:28so much time
38:29effort and money
38:30into transforming this
38:31but what a transformation
38:33it could be
38:34and would it be worth it
38:35I'd say so
38:37let's find out
38:38who agreed
38:38when this went
38:39under the hammer
38:40this lot was part
38:45of a remote auction
38:46with bids
38:46taking place
38:47online
38:47yours well done
38:49and a successful
38:52bid of
38:53349,000
38:54came from
38:55long time
38:55friends and
38:56colleagues
38:56Anthony
38:57on the left
38:58and Mike
38:59Ohine
39:00caught up
39:01with them
39:01to chat about
39:02their unique
39:03purchase
39:04Mike
39:05Anthony
39:05hello both
39:06thank you for
39:07letting us come
39:07along today
39:08and have a look
39:08at this incredible
39:09site
39:10I mean
39:10what are you
39:11going to do
39:11with the place
39:12because I have
39:12so many questions
39:13about it
39:13well we're going
39:14to convert it
39:15into two separate
39:16dwellings
39:17and see how we
39:19go from there
39:19really
39:20yeah absolutely
39:23so Anthony
39:24this I'm assuming
39:25is what you're
39:26going to be
39:26turning into
39:26the two dwellings
39:27the main
39:28stone building
39:29behind us
39:30there's a bit
39:31of work been
39:31done in there
39:31already
39:32are you able
39:33to use any
39:33of that
39:34yeah we'll be
39:35able to use
39:35some of it
39:36like the steel beams
39:37that are going
39:37are going to be
39:38staying
39:38I think we've
39:39got to strip
39:39the roof off
39:40because that
39:40wasn't done
39:41to regulation
39:42so we're going
39:42to strip that
39:43off and reinstall
39:44that and then
39:45take each step
39:46as it comes
39:46Mike what about
39:47the planning
39:47situation in this
39:48place because we
39:49said some work's
39:50already been done
39:50on it but is
39:51that planning
39:52does it still
39:52exist
39:52yeah from
39:53research we've
39:55the planning was
39:56done in 2002
39:57and it was
39:57works commenced
39:58between then
39:59and 2007
40:00so planning
40:02is still
40:02in
40:03building regs
40:05we've done a bit
40:06of research on that
40:06one and the company
40:08which originally did
40:09it has unfortunately
40:10gone bust
40:11so it's just a new
40:13building reg application
40:14and we should be
40:15going to go
40:16so with the existing
40:17planning Ant
40:18what is it for
40:19and what are you
40:19actually going to
40:20turn this into
40:21well we're looking
40:22to turn them into
40:23two four bed
40:24properties
40:25we are thinking
40:27of utilising the loft
40:28space in the one
40:29because it's huge
40:30it's like a dead
40:31space at the moment
40:32so we are thinking
40:32of using that
40:33but we're hoping
40:35just to follow
40:35the original layout
40:36so we're not
40:37looking to change
40:38the actual layout
40:38that went through
40:39in 2001
40:402002
40:40so we're looking
40:41to keep everything
40:42the same
40:42but just hopefully
40:43utilise the loft
40:44a little bit
40:44and then we should
40:45have two
40:46beautiful four beds
40:47this is all going
40:48to be coming down
40:49this is going to
40:49be the garden space
40:50nice
40:51so until you like
40:52actually it's going
40:53to be hard to visualise
40:53but hopefully you
40:54can see it soon
40:55I can see the gardens
40:56already they look
40:57stunning and a great
40:58view as well
40:58out from there
40:59lovely view
41:00and Ant
41:01what about the
41:02final plan then
41:04are you going to
41:04keep them and rent
41:05them out or are you
41:05going to sell them
41:06I think we're going
41:07to sell them
41:08I think this is
41:09like a stepping stone
41:10basically so we're
41:11going to sell them
41:11and then well
41:13hopefully do one
41:14sell
41:14and then move on
41:16to the next one
41:16sell
41:17excellent
41:18there is another
41:19building which is
41:20the stable and the
41:22second sort of big
41:22shed with that
41:23asbestos roof
41:24what are you going
41:25to do with that
41:25one
41:26well we was hoping
41:27to convert that
41:27to offices and
41:29warehouse space
41:30for ourselves
41:31for our own
41:31company really
41:32so it's like a
41:33nice local area
41:34between me and
41:35Anthony
41:35you know 10 minutes
41:3615 minutes each
41:37way so it's good
41:38central point really
41:39and what is your
41:40company what do you
41:41do
41:41we're a brickwork
41:42contractor so we
41:43prioritise brickwork
41:46but this is another
41:47venture we wanted
41:47it to go down
41:48so we thought this
41:48is a brilliant
41:49opportunity
41:49plenty of character
41:52basically in
41:52brixton eventually
41:53yeah I bet
41:55I bet
41:56any of that to do
41:57here
41:57I mean you're not
41:58going to replace
41:58any of those stones
41:59I'm guessing
41:59a bit of stonework
42:00yeah but we're
42:01going to veer away
42:02from the brickwork
42:03on this one
42:03nice
42:04I think it'll look
42:05quite right
42:05is it the first
42:07time you've done
42:07something like this
42:08we've done stuff
42:09like this for
42:10you know back in the
42:11day for builders
42:12and things like
42:13that but nothing
42:14like this for
42:14ourselves
42:15it's a huge project
42:18to take on for
42:18their first venture
42:19into the property
42:20game but having the
42:222002 planning
42:23permission still in
42:24place thanks to
42:25evidence of later
42:26work is a major
42:27advantage and while
42:29they're new to
42:30development their
42:31hands-on building
42:32experience gives
42:33them a head start
42:34the pair want to
42:35have the first
42:36dwelling finished
42:36within a year
42:37and hope the total
42:38cost for both
42:39conversions will lie
42:41between 350 and
42:42400,000 pounds
42:44and how do you
42:45both know each
42:46other so me and
42:46Mike we went to
42:47school together
42:48Mike's a year
42:49younger than me
42:50but we was in
42:50school together
42:51and then we went
42:52to college together
42:53and then me and
42:53Mike teamed up
42:54together as a
42:54bricklayer so
42:55we was working
42:56as a two-in-one
42:57gang and we was
42:59on sites working
43:00as a team and
43:01then me and
43:01Mike had the
43:02well we had the
43:02opportunity to take
43:03a site of our
43:04own on and we
43:05took that on and
43:06then it just
43:06snowballed from
43:07there so we
43:07went from having
43:08perhaps like a
43:0920 unit site
43:10and now we do
43:11like 20 up to
43:13like 250 hours
43:14of sites so it
43:16has snowballed
43:17quite fast and
43:18quite big like to
43:19a certain extent
43:20yeah absolutely
43:20and I guess that's
43:22great because you
43:22guys have worked
43:23together for a
43:24long time so any
43:25issues or snags
43:26with this place
43:27you're just going
43:27to take it all in
43:28your stride
43:28and knock on
43:29each other really
43:29and help each
43:30other out so
43:30I think we got
43:32the tools to do
43:33it like so
43:34excellent well guys
43:36I can't wait to
43:37see this place
43:37your ideas sound
43:38amazing and what a
43:39great location as
43:40well so all the
43:41best with it
43:41can't wait to see
43:42you when it's done
43:42thank you very
43:43much thank you
43:44thank you
43:45well it's a bit of
43:46a new venture for
43:47Mike and Ant
43:48they have worked
43:49together for many
43:49many years of
43:50course but never
43:50on a project like
43:51this one but
43:52anything they do
43:53will have to
43:54adhere to the
43:55planning permission
43:56that's already in
43:57place and of course
43:58adhere to current
44:00building regulations
44:01there is a lot
44:02to do on this
44:03place we'll find
44:04out how they got
44:05on later in the
44:06show
44:06back now to the
44:13Kent town of
44:14Royal Tunbridge
44:14Wells and a
44:16three-bed mid-terrace
44:17guarded at
44:17150,000 it got
44:20Jackie a little
44:21puzzled right from
44:22the start
44:23there are two
44:29doors
44:30why is that
44:31let's take a
44:32look
44:33it didn't really
44:35matter which of
44:35the two doors
44:36you went through
44:37as behind both
44:38was a house in a
44:39really poor state
44:40with years of
44:41neglect evident
44:42both inside and
44:43out
44:44but for young
44:45couple Sam and
44:46Charlotte this
44:47230,000 pound
44:48auction purchase
44:49seemed like the
44:50perfect start to
44:51their property
44:52development journey
44:53is this the
44:54thing going
44:55forward is to
44:56get properties
44:57do them up
44:58and build a
44:59portfolio
45:00yeah so we're
45:01going to sell the
45:01first couple and
45:02then from there
45:03start looking into
45:04rentals but I've
45:05got to focus on
45:05the present now
45:06wow and then will
45:07you do that as a
45:08joint venture together
45:09then will they
45:09hopefully that's the
45:10aim yeah
45:11with plans to open up
45:13downstairs and
45:14modernise throughout
45:15they had given
45:16themselves a
45:1750,000 pound budget
45:18and a six to eight
45:20month timescale
45:21now six months on
45:23we're back
45:23outside they've
45:26opted for
45:26landscaping rather
45:28than a drive
45:29it certainly looks
45:30more welcoming
45:31and inside
45:32the wall was not
45:33through in the
45:34kitchen so it's
45:35now kind of a bit
45:36of a kitchen diner
45:37there's room to put
45:38a table and chairs
45:39there if you wanted
45:40and doesn't that
45:47work well
45:48modern clean and
45:50fresh
45:50left the living room
45:53the same so apart
45:55from that the
45:55structures remain the
45:56same
45:57the same structure
46:00but new windows
46:01heating doors and
46:03a complete refurbishment
46:04has lifted what was a
46:05rather gloomy interior
46:07and upstairs well the
46:12light touches continue
46:13kept the three bedrooms
46:15upstairs because we
46:17thought if it was a
46:18family unit it's best to
46:19keep that layout
46:20the bedrooms are
46:27looking good but what
46:29about the signs of damp
46:30on the walls
46:31it was all just
46:32surface level so
46:33second we got the
46:34wallpaper stripped off
46:35everything was actually
46:35dry so there's not
46:37really a massive
46:38task to do
46:38and with a much
46:44improved bathroom
46:45the inside is complete
46:46but what about outside
46:48at the back
46:49the most physical
46:51challenge was definitely
46:52the garden
46:52but it's all leveled
46:54out and looks good
46:55now
46:55wow they've really
46:59transformed what was
47:00and neglected and
47:01run down property
47:03but with both Sam and
47:05Charlotte currently in
47:06full-time work as a
47:08financial trader and
47:09recruiter respectively
47:10who did the work
47:11Sam's uncle was
47:15helping us mainly for
47:16the project so he's
47:17really good at being
47:18hands-on in terms of
47:19all different types of
47:20things so we did get
47:22externally plumber
47:23electrician all of
47:25that and his mum also
47:26came and helped with
47:27like the more the
47:27finishing touches
47:28I wasn't here as much
47:30in terms of hands-on
47:31as I'd hoped
47:31but I mean I helped
47:33with the painting
47:34the wallpaper stripping
47:36all kind of the
47:36decoration parts
47:37but we did the design
47:39together
47:39specifically the kitchen
47:41and then Sam's been
47:43here most of every day
47:44each week
47:45yeah as their first
47:47refurbishment project
47:49this has been a massive
47:50learning curve for the
47:51pair so what new
47:53skills and takeaways
47:54did they get from this
47:55experience
47:56I mean everything
47:58grouting
47:58fitting the kitchen
48:00flooring
48:00just finishing touches
48:02and the painting is
48:02you know
48:03a lot to take in
48:04but happy I've done it
48:05yeah and I think
48:06the timeline of things
48:07as well
48:07definitely took a little
48:08bit longer than maybe
48:09we were expecting
48:10so hopefully
48:11I think the things
48:12that we've learned
48:13from this one
48:13going forward
48:14for the next one
48:15we're hoping to
48:15decrease the time
48:16even though they did
48:23do it within their
48:24proposed timescale
48:25Charlotte feels
48:26moving forward
48:26they could be more
48:27time efficient
48:28after all
48:29time can be money
48:31was that the case
48:33here when it came
48:34to their 50,000
48:35pounds
48:36we did get slightly
48:39over budget
48:40just from the addition
48:41of the retaining
48:42wall at the front
48:43obviously the larger
48:44patio at the back
48:44so we were 5,000
48:46to 6,000
48:47pound over budget
48:47a 56,000 pound
48:52spend on top
48:53of a 230,000
48:54pound purchase
48:55price
48:55brings this project
48:57in at 286,000
48:59so money well spent
49:00what does the expert
49:02who saw it last
49:03time think
49:04so coming back
49:05to this property
49:06I can see the new
49:07owners have done
49:08a fantastic job
49:09really it's unrecognised
49:10but when you walk
49:10inside
49:11they've got modern
49:13finishes
49:13got a nice
49:14kitchen here
49:15when I first
49:17came here
49:17it was kind of
49:18like a dark
49:18dingy room
49:19that wasn't
49:19really part
49:19of the house
49:20didn't feel like
49:21it
49:21they really
49:21integrated that
49:22made use of
49:23the space
49:23done a wonderful
49:24job
49:24at this stage
49:26of their property
49:26development journey
49:27Sam and Charlotte
49:28are keen to sell
49:29this one on
49:30to fund future
49:31projects
49:31so how much
49:33could they have
49:34in the pot
49:34after they sell
49:36their 286,000
49:37pound investment
49:38so this property
49:39has been done
49:40to a nice standard
49:41I could see it
49:41selling quite quickly
49:42if I was putting
49:44it on to the
49:44for sale
49:45in a local market
49:46I'd probably put it
49:46on a region
49:47for 385,000
49:48hoping to achieve
49:49somewhere around
49:49375,000 pounds
49:51we do ideally
49:52want to do
49:53around the mark
49:53of 385
49:54so anywhere
49:55within the region
49:56I'm sure
49:57will be very happy
49:57the top end
49:59would mean
50:00a 99,000
50:01pre-tax profit
50:02not bad
50:03for starters
50:04and if they
50:05changed their mind
50:06and did rent
50:07the house out
50:08the expert
50:09thought
50:091,800 pounds
50:11per calendar month
50:11should be possible
50:12which equates
50:13to a yield
50:13of 7.5%
50:15so how do
50:16Sam and Charlotte
50:17reflect
50:17on their first
50:19foray
50:19into the world
50:20of property
50:20development
50:21we couldn't have
50:23asked for something
50:24better in the sense
50:24of how smoothly
50:25it's gone
50:26we've not come across
50:27any obstacles
50:28that weren't intended
50:29so just hoping
50:31to continue that luck
50:32really for the next one
50:34yeah I love it
50:35I love the whole process
50:36obviously working
50:37on different aspects
50:38the garden
50:38kitchen
50:39it's all very
50:40a bit of me
50:40not stuck to one thing
50:42so I'm going to get
50:43the next one
50:43underway as soon as possible
50:44back to Abergavenny now
50:51where earlier
50:52Owain took a wander
50:53around this cluster
50:55of farm buildings
50:56up for sale
50:56at auction
50:57with a guy price
50:58of £330,000
51:00on offer
51:01was a traditional
51:02stone barn
51:03a block of stables
51:04and this dilapidated
51:06construction
51:07we have asbestos overhead
51:09so that's not ideal
51:10I think this has all
51:11got to come down
51:12I mean look at the state
51:13of it
51:13it's just full of rubbish
51:15with planning permission
51:17already in place
51:18to convert the old barn
51:19into two residential dwellings
51:21it was an ideal project
51:22for brickwork contractors
51:24Anthony and Mike
51:25who bought the lot
51:26for £349,000
51:29well we're looking
51:30to turn them into
51:31two four bed properties
51:33we are thinking of
51:35utilising the loft space
51:36in the one
51:37because it's huge
51:38not only that
51:40but the boys also plan
51:41to convert the stable block
51:42into their office
51:43and a storage space
51:44for their business
51:45they've set aside
51:47a budget of £350,000
51:48to £400,000
51:49and weren't in
51:51any great rush
51:52hoping to finish
51:53the first residential unit
51:54within 12 months
51:5613 months on
52:00we're back
52:00to check on progress
52:02well the first stage
52:12of the project
52:13is complete
52:14with the stable block
52:15now functioning
52:16as the HQ
52:17for Anthony and Mike's
52:19brickwork business
52:20and the adjoining shed
52:22is now a warehouse
52:23for their supplies
52:24we converted that
52:26straight away
52:26so we could use it
52:27for office space
52:28for the barns
52:30and for our own works
52:31we've insulated the floor
52:33raised the floors
52:34installed stud work
52:35all the way around
52:36and then we've cladded it
52:37with that lovely feather edge
52:38that's on there
52:39work is continuing
52:43in the stone barn
52:44to create the two
52:45four bed houses
52:46but progress has been slow
52:48held up in part
52:50by some flying visitors
52:51who have taken up residence
52:53and are reluctant to leave
52:55so we're running behind
52:56by about probably
52:57five to six months
52:58because
52:59we had to
53:00apply for a bat license
53:02which put us on stop
53:03in the UK
53:05all bat species
53:06are protected by law
53:07please don't make me go
53:10outside
53:12leave me on my own
53:15it is illegal
53:17to trap
53:17handle them
53:18or disturb their breeding sites
53:20and resting places
53:21unless it's done
53:22under special license
53:24having recently
53:25been granted
53:26the Durbat license
53:27by National Resources Wales
53:29Anthony and Mike
53:30have had to carry out
53:31the work under
53:32restricted timings
53:33to ensure disturbance
53:34during sensitive times
53:36like breeding or hibernation
53:38is kept to a minimum
53:39now we've commenced works
53:41we've got certain
53:42deadlines we need to hit
53:43before the bats decide to start
53:46taking roost again
53:46don't make me go outside
53:50as well as bats
53:54the boys had to deal
53:55with the fact
53:56that existing work
53:57in the old barn
53:58wasn't up to scratch
53:59the stone barn roof
54:01was made of a
54:02Spanish slate
54:03we was open to keep it
54:05but we had to take it off
54:06due to it not being
54:07installed correctly
54:08by whoever owned it before
54:09so we stripped the slate
54:11back off
54:12took the insulation out
54:14installed a new
54:15bitumen felt on it
54:16which keeps the bats happy
54:18reinstalled the slate
54:20back on
54:20and managed to save
54:22probably about 60%
54:23of the slate
54:24that we took off
54:24they weren't so fortunate
54:27with the work
54:28that had been done
54:29on the interior
54:30we basically had to
54:32take it all out
54:34and start again
54:34the steels
54:35and the joists
54:36were all installed
54:37at the wrong heights
54:37so they had all
54:39been cut out
54:39we've managed to
54:41reuse the steels
54:42and we've also had to
54:43have more steels on it
54:44we had to rip out
54:45all the upstairs stud work
54:47haven't been able
54:48to save any of that
54:48so basically
54:49renew the lot
54:50they've also added
54:53a single saw extension
54:54to the main barn
54:55which will be used
54:56as a large kitchen
54:57diner and living area
54:59for one of the
55:00residential properties
55:01to make room
55:02for this new addition
55:03they had to demolish
55:04the derelict barn
55:05so the barn was
55:08built off a concrete
55:10and steel frame
55:11construction
55:11which was quite
55:12difficult to take down
55:13it had a half tin roof
55:15on it
55:15and a half asbestos roof
55:17so we had a
55:19asbestos contractor
55:20come in and
55:20remove the asbestos
55:22and dispose of it
55:23safely
55:23mike estimates
55:26that they are
55:27four to six months
55:28away from completing
55:29the first dwelling
55:30but he's still confident
55:31that 350 to 400,000
55:34pound budget
55:34will be on target
55:35originally they were
55:37planning to sell
55:38the two houses
55:39but now they're
55:39not so sure
55:40we haven't had a little
55:42think about it
55:43at the moment
55:43we're kind of
55:44bit on the fence
55:45we may look down
55:47the holiday let route
55:48rather than the
55:50cell
55:51so for the moment
55:54anthony and mike
55:55have a new home
55:56for their business
55:57but the two four
55:58bedroom houses
55:59are still months
56:00from completion
56:01time to check in
56:02with the local
56:03estate agent
56:03to hear what he
56:05makes of the
56:05progress so far
56:07people love a good
56:08barn conversion
56:09regardless of whether
56:10it's somewhere they're
56:10looking to buy
56:11rent or even stay
56:12as a holiday rental
56:13there is always
56:14going to be demand
56:14mike is confident
56:17they're on track
56:17with their 400
56:18grand budget
56:19which would bring
56:20their total spend
56:21to 749,000
56:23but what could the
56:24houses be worth
56:25on the local
56:26resale market
56:27depending on the
56:28standard of finish
56:29i could see each
56:30of these barns
56:30fetching anywhere
56:31between 550 and
56:33600,000 pounds
56:34i was hoping more
56:35long of around
56:36650 each
56:37but i can settle
56:38for 600 each
56:39the total sale
56:42price could reach
56:431.1 to 1.2
56:44million pounds
56:45creating a pre-tax
56:46profit of between
56:47351 and 451,000
56:51and for rental
56:53on the rental market
56:55i would expect
56:55each four bedroom
56:56barn to fetch
56:57somewhere between
56:581250 and 1500
56:59pounds per
57:00calendar month
57:01those figures
57:02would give
57:03anthony and mike
57:04a return of between
57:05four and five
57:06percent and what
57:07does the agent
57:08think the houses
57:08could fetch
57:09if used as
57:10holiday lets
57:11with us being
57:12surrounded by the
57:13brecon beacons
57:13national park
57:14there is certainly
57:15a demand
57:15and depending on
57:16the season
57:17you can see
57:17anywhere between
57:181500 and
57:193000 pounds a
57:20week
57:21so yeah the
57:22holiday let
57:23figures are more
57:24appealing to us
57:25as you can probably
57:26imagine
57:26and that's probably
57:28the route we may
57:28well go down
57:30with a variable
57:32pricing structure
57:33from low to
57:34high season
57:34and based on
57:35an industry
57:36recognised average
57:37occupancy rate of
57:3832 percent
57:39the returns
57:40could bring in
57:41a yield of
57:41over 6 percent
57:42so does mike
57:43think the hard
57:44work up to now
57:45has been worth
57:46it
57:46we're used to
57:48working on big
57:48projects but we're
57:49used to working on
57:50new build projects
57:51whereas this project
57:52is working with
57:53someone which is
57:53very old and
57:54being messed about
57:55with quite a lot
57:56so i don't know
57:57i'm a bit on the
57:58fence on whether
57:59i've enjoyed it or
57:59not
57:59it's had his tears
58:00it's had his
58:01smiles
58:01would i do it
58:03again
58:03yeah i probably
58:04would do it
58:05again
58:05well that's it
58:11for the properties
58:11on today's show
58:13but we'll have
58:13lots more
58:14where they came
58:15from next time
58:15here on homes
58:16under the hammer
58:17goodbye
Được khuyến cáo
58:40
|
Sắp Tới
58:46
59:00
58:33
58:53
58:06
58:38
58:44
49:56
59:40
46:57
1:09:05
57:01
58:51
1:01:02
57:19
56:24
49:17
52:30
Hãy là người đầu tiên nhận xét