Two aspiring local property owners brought a nail-biting end to Loveitts’ latest auction having been given the opportunity of a lifetime courtesy of a new Channel 4 property programme – The Great House Give Away.
Self Employed Electrician Sam Lloyd from Leamington and Construction Administrator Eva Mulvaney from Coventry responded to a Facebook post by Welsh Production Company Chwarel seeking contestants to take part.
The only criteria were that they are unable to purchase their own properties and are currently in rented accommodation.
Designed to get people on the property ladder, the programme gave the team of two from Coventry and Warwickshire who had never met, £150,000 to buy a house at auction.
Having been selected as contestants, the pair attended Loveitts recent auction along with the Chwarel production team, where they bid on three lots, winning the final one of the night – a three bed terrace in Victoria Avenue in Rugby for £126,000.
An ideal investment opportunity, the property is in need of improvement but is in a sought-after area.
Neither Sam nor Eva had seen any of the properties before bidding – only pictures. They now have to work together over the next six months to renovate it before putting it back up for sale and any profit they make, they get to keep.
Both were absolutely thrilled at the outcome and excited at the task ahead. Sam, who is soon to become a Dad said that this was a huge opportunity for him and his fiancé. He commented: “With a baby on the way and a relatively new business it would have been impossible for me to save enough money for a deposit. I have a small amount of experience in house renovation so I am going to try and support Eva as much as possible. It will be hard work but worth it in the end.”
Single mum Eva said, ‘she simply couldn’t work the hours needed in order to save a deposit’. She too is looking forward to the challenge ahead saying, “it’s both scary and exciting at the same time – a great opportunity and if it gets me on the property ladder then that will be just brilliant.”
Sally Smith, Loveitts Director & Auctioneer commented: “We were delighted to be asked to take part in The Great House Giveaway and equally thrilled that Eva and Sam won the winning bid on the final lot having been unsuccessful on the previous two lots.
“To have the TV cameras at the auction was particularly exciting and we look forward to the programme being aired on our screens in the Autumn.”
The Great House Give Away will feature a total of six contestants comprising three teams. It is being presented by former Brookside star Simon O’Brien who also attended on the night of the auction.