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Penny and Nick Houghton-Brown sold their last home six years ago and have been renting in York ever since, so they're in a prime position - cash buyers who are ready to snap up a vacant building.

They have a budget of 500,000 pounds and want to move to Bristol where their children are at university. They've taken on some renovations in the past and now want to try something bigger...but just how much are they prepared to take on?

Jules Hudson sends them to view a Bristol property made up of two Victorian terraces joined together that has been standing empty for ten years. He also introduces them to a couple in the middle of a major renovation - turning five flats in York into an elegant, contemporary townhouse.