Million Pound Property Experiment

Million Pound Property Experiment is a television series which aired on BBC Two in the United Kingdom in 2003–2004 in which designers Colin McAllister and Justin Ryan bought, renovated and re-sold properties for a profit. They gambled with a £100,000 loan from the BBC, with the ultimate goal being a sale of a property for £1 million.

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 began by buying a house in Birmingham for £100,000 and traded up after every sale on a nationwide challenge to find the next potential property. After two and a half years and seven TV episodes, they ended with a net profit of £290,000. The programme stars 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 loan from the BBC was repaid with interest, and the profits were donated to Children in Need.[1]

Colin and Justin's book, The Million Pound Property Experiment, was published in 2003.[2]

References
  1. Pertusini, Angela (1 November 2003). "How to make a million". The Telegraph. Retrieved 2 October 2020.
  2. McAllister, Colin; Ryan, Justin (2003). The Million Pound Property Experiment. BBC. p. 160. ISBN 0-563-48813-1.


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