This will be a mammoth job that will take up at least all of the summer holidays. Renovating this property will not be easy with a ground floor that has all sorts of problems, a tiny garage that's too small for a family car, a dilapidated lean-to and a cramped kitchen all requiring urgent attention.

Having bought the house for £285,000 they plan to spend £108,000 on the refurbishment and then sell the property on for £415,000. Will this projected profit of just £22,000 in a an already rising market prove a worthwhile investment of time and money?

This property certainly presents a challenge. It's dark, dingy and dilapidated and will require a lot of work if it is to create a profit. On top of this, Karen is determined to use the property to showcase her own artwork, and her plans for the layout are just as singular.

Karen plans to relocate the kitchen to an unorthodox position at the front of the house, moving the lounge to the back and then building out into the courtyard with a costly glass walled extension. However, are they missing a trick? There is enough room in the back bedroom to build an all important upstairs bathroom, freeing up room downstairs to create more living space off the kitchen without the need for a costly extension.

Having bought the cottage for £170,000 and with an impossibly tiny budget of just £20,000, Karen hopes to smash the ceiling price in the road and sell for £210,000. However, will Karen's plans lower, rather than raise, the value of this property?