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.
Famous quotes containing the words million, pound, property and/or experiment:
“The low level which commercial morality has reached in America is deplorable. We have humble God fearing Christian men among us who will stoop to do things for a million dollars that they ought not to be willing to do for less than 2 millions.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“All things are a flowing,
Sage Heracleitus says;
But a tawdry cheapness
Shall outlast our days.”
—Ezra Pound (1885–1972)
“I have no concern with any economic criticisms of the communist system; I cannot enquire into whether the abolition of private property is expedient or advantageous. But I am able to recognize that the psychological premises on which the system is based are an untenable illusion. In abolishing private property we deprive the human love of aggression of one of its instruments ... but we have in no way altered the differences in power and influence which are misused by aggressiveness.”
—Sigmund Freud (1856–1939)
“Mathematics alone make us feel the limits of our intelligence. For we can always suppose in the case of an experiment that it is inexplicable because we don’t happen to have all the data. In mathematics we have all the data ... and yet we don’t understand. We always come back to the contemplation of our human wretchedness. What force is in relation to our will, the impenetrable opacity of mathematics is in relation to our intelligence.”
—Simone Weil (1909–1943)