The Great House Giveaway's Simon O'Brien was gobsmacked after a home was rendered "un-mortgageable".
The host welcomed two more wannabe property developers for another edition of the Channel 4 programme. The two guests, who are strangers and do not own a home, are given a sum of money to buy a property at an auction.
The episode follows their attempts to use the budget to transform the home into a liveable property ready to be resold on the market in six months. If the transformation is a success, then they get to split any of the profits made - as Wales Online reports.
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Peter and Daniel were paired together on the ninth episode of season 3 and charted their efforts to renovate a property in Skewen. The house was described as "deceptively spacious four bed terrace with an extended kitchen, [that] done up, could be worth £120,000".
Both men did an initial inspection of the property, which brought up a few areas of concern. In one of the rooms there were mushrooms growing from the skirting board, whilst in another there was a hole in the floor, and cracks in the walls. The house appeared dated throughout and was in need of a new kitchen, bathroom and roof.
Daniel, who works in a food processing factory, was concerned by the cracks in the wall - and the budding developers both agreed they would need at least £15,000 to make the property liveable. This sum was granted to them by presenter Simon, but the renovation soon turned into a disaster.
Peter worked as an an apprentice and the 18-year-old pulled out due to the enormity of the project. Daniel did not follow the advice from Simon to "go gently" on the property one the project was underway. The host was stunned when he arrived at the property to find it unrecognisable.
He said: "It's not very often I'm speechless, but this is one of those times. The house has been well and truly gutted - no, demolished. No - destroyed, to the point it's completely un-mortgageable."
As the build progressed, Daniel seemed to uncover more and more problems. One day, he arrived on-site to find he needed a whole new roof. For him, that was the end of the project. He hired a building company to finish the job at cost of £30,000, meaning Daniel spent a total of £45,000 on the house.
By the end of the six months allotted for the renovations, the house wasn't in a liveable state, meaning it had to go back to auction. The property had been bought at £86,000, but despite Daniel spending a whopping £43,000, the property sold at a mere £82,500, less than it had been bought for initially.
Despite his loss, Daniel still insisted he learnt a lot from the project: "It was good. Obviously from a learning and personal experience, but obviously it was a lot more difficulty than we expected in the beginning. Each time a hurdle would come along, I'd try and sort of, have a bad day and push myself back up and say 'Oh come on now, you know you can do it' and then obviously one day, I walked in the house, I opened the upstairs door and there was no roof."
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