
In this series of Property Snakes and Ladders, Sarah Beeny charts her golden rules for 'how not to lose everything in a falling market'. It's a pity her advice comes too late for tonight's amateur developers - who set out to make their fortune just as the housing market starts to unravel.

Successful entrepreneurs Nigel and Sarah have a romantic notion that they can make a quarter of a million pounds by creating a swanky LA pad in the heart of a run down bit of Rotherhithe, East London. The only trouble is they've bought the wrong property, in the wrong location... and their plans are way off beam.
Sarah Beeny gallantly tries to get Sarah and Nigel to change their plans, to reduce their liability and turn the property into three smaller units, but they motor on regardless.
What follows is an epic lesson in how not to be a property developer: from ambitions to create zebra-covered kitchen units and a cinema, to a master suite the size of most people's houses, complete with a swimming pool-sized jacuzzi bath.
It looks like it's all going to end badly, so the only question is - just how badly?
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