Million Pound Property Experiment
Encyclopedia
Million Pound Property Experiment was a television series in 2003–2004 which aired on BBC Two
in the United Kingdom
in which designers Colin McAllister and Justin Ryan
bought, renovated and re-sold properties for a profit. This, as they gambled with a £100,000 loan from the BBC
, with the ultimate goal being a sale of a property for £1 million.
Taking over two and a half years in the making for the TV series for seven, 60-minute weekly TV slots. Viewers saw them buy, renovate and sell seven properties across Britain, ranging from £100,000 to £1.25 million. It drew an audience of over four million regular viewers as they attempted to leap up the property ladder in seven rungs.
They started off with a tiny place in Birmingham for £100,000 and traded up after every sale on a nationwide challenge to find the next potential property. In the end, they ended with a net profit of £290,000.
The programme starred Colin McAllister and Justin Ryan as interior designers and Nigel Leck, a full-time developer who project-managed their refurbishments. At the end of the series, the original purchase and interest had to be returned with any profits donated to Children in Need
.
Their advice is sensible rather than original or inspired – find areas on the up, buy the worst house in the best street, research what sort of people buy in the area and aim your development squarely at them.
Colin and Justin’s book, The Million Pound Property Experiment, which accompanied their series on BBC Two, was voted the winner in the Lifestyle category at WH Smith "People's Choice" Book Awards.
BBC Two
BBC Two is the second television channel operated by the British Broadcasting Corporation in the United Kingdom. It covers a wide range of subject matter, but tending towards more 'highbrow' programmes than the more mainstream and popular BBC One. Like the BBC's other domestic TV and radio...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
in which designers Colin McAllister and Justin Ryan
Colin McAllister and Justin Ryan
Colin Lewis McAllister and Justin Patrick Ryan are Scottish interior decorators and television presenters...
bought, renovated and re-sold properties for a profit. This, as they gambled with a £100,000 loan from the BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...
, with the ultimate goal being a sale of a property for £1 million.
Taking over two and a half years in the making for the TV series for seven, 60-minute weekly TV slots. Viewers saw them buy, renovate and sell seven properties across Britain, ranging from £100,000 to £1.25 million. It drew an audience of over four million regular viewers as they attempted to leap up the property ladder in seven rungs.
They started off with a tiny place in Birmingham for £100,000 and traded up after every sale on a nationwide challenge to find the next potential property. In the end, they ended with a net profit of £290,000.
The programme starred Colin McAllister and Justin Ryan as interior designers and Nigel Leck, a full-time developer who project-managed their refurbishments. At the end of the series, the original purchase and interest had to be returned with any profits donated to Children in Need
Children in Need
Children in Need is an annual British charity appeal organised by the BBC. Since 1980 it has raised over £500 million. The highlight of the Children in Need appeal is an annual telethon, held in November. A teddy bear named "Pudsey Bear" fronts the campaign, while Terry Wogan is a long...
.
Their advice is sensible rather than original or inspired – find areas on the up, buy the worst house in the best street, research what sort of people buy in the area and aim your development squarely at them.
Colin and Justin’s book, The Million Pound Property Experiment, which accompanied their series on BBC Two, was voted the winner in the Lifestyle category at WH Smith "People's Choice" Book Awards.