Full of beans - Sarah Beeny
Having set up her own property development and
investment company at the age of 24, Sarah Beeny knows a thing or
two about buying a home. So it was a natural progression that she
would go one step further and start her own direct buying and
selling website, Tepilo. She tells Lynda Clark what it's all
about
Sarah has an impressive CV - she fronts the very popular Channel
4 show, Property Ladder, has written a number of books to accompany
the series and is about to start filming a new series of Help! My
House is Falling Down. Plus she still manages to find time to be a
mum to four boys and restore a stately home she and her husband
bought 10 years ago! So you wonder how does she ever have the time
or energy to start anything new? But Sarah is passionate about what
she does and some time ago set up a dating website,
mysinglefriend.com, which proved to be very successful. Her passion
for bricks and mortar, though, is ingrained in her world and has
encouraged her to start another website, but this time it's all
about property.
Her father was an architect and, although not particularly
academic, Sarah was encouraged to study drama by her English
teacher. She went to Queen Mary's College in Basingstoke but failed
to get into drama school, so she decided to travel around the
world. Not particularly happy to be away from home, she returned to
the UK and took on a series of jobs, including working for Save the
Children, window cleaning, door-to-door vacuum cleaner selling, and
selling and running her own sandwich making business. At weekends,
Sarah would study the property market, and having saved up a
deposit, she began her own property developing business with her
brother and husband. Then, by sheer chance, she met a researcher
for Talkback Thames and was asked to do a screen test to front a
new series about property development, which resulted in the show
Property Ladder.
Her new website has the rather unusual name of Tepilo and Sarah
explains: "When I was a child, my father used to tell me stories
about a fantastical palace called Tepilo, which was a wonderful
place to escape to, so it seemed the perfect name for my new
property site.
"Basically, it is a platform that allows you to take independent
control of buying, selling and letting your property with no
charges or commission. A lot of people feel that the process of
buying or selling is more complicated than it really is so we are
here with all the advice anyone might need and, of course, to save
you thousands of pounds at the same time. It's completely free to
use, and there is lots of advice including a library of hints and
tips that we are constantly updating. What makes it so good is that
you are completely in control of how much you want to offer or
accept, but by negotiating on the site, Tepilo gives you more
opportunity to get a good deal. We have tried to use a
magazine-style layout, which gives a really clear insight into what
is great about each property. I'm very involved as if anyone gets
stuck they can ask me a question directly through the site, which I
try to answer straight away."
Sarah knows how important it is to be safety conscious
especially when viewing a property on your own. She advises: " It's
a good idea to be very careful and never give personal information
away other than what is really necessary, for example, the place
where you work or dates of holidays, but if asked for more, try to
be vague. It's also advisable to go on viewings with a friend or a
family member, just to be on the safe side.
"Tepilo also offers clear legal advice throughout the process,
but clients are still responsible for appointing a solicitor just
as they normally would. The negotiation process is carried out
through the site and this helps depersonalise the process and so
takes away all the emotion that is often involved in a transaction
as important as this.
"Everyone uses the internet these days to buy train tickets,
flights, even their supermarket shopping, so it seems quite
relevant that you should be able to buy and sell properties using
the internet. It's more efficient, cheaper and much easier for the
consumer in the long run, and you are in control. I'm surprised
that a site like this hasn't been done before because in the US
it's normal practice. We are really just trying to link up
interested people who want to buy or sell a property. It's not
about quantity but quality, and we hope to give people what they
want and ultimately make the process easier, quicker and stress
free. We have set out to try to hold people's hands and guide them
through the process, especially for first time buyers who have no
experience and never bought a home before."
Sarah is very aware of the first time buyer market, and with all
her experience she offers some sound words of wisdom. "Be realistic
when it comes to looking at what you can buy. Many first timers get
frustrated that they can't afford to buy next door to Starbucks or
be right on the doorstep of the tube. It's better to buy what you
can afford, and if you are not next to the underground, then get a
bus or look in an area that is not so expensive. When I bought my
first place in south London, I had to buy with my brother and my
boyfriend so it was affordable. It's a great idea to buy with
friends or family, but it is very important to get proper legal
agreements drawn up so there is clarity about the arrangement."
Never one to let the grass grow under her feet, Sarah has been
busy renovating a near derelict listed Georgian stately home that
she and her husband, Graham Swift, bought 10 years ago. Channel 4
has been following the story, and the series, Beeny's Restoration
Nightmare, is currently on TV. "We are determined to protect the
heritage of Rise Hall in North Yorkshire and give it a new
21st-century function to provide it with the income it needs to
survive," says Sarah. "It is being transformed into a wedding
location, and with the date for the first wedding already set, the
pressure is on. But a project of this size is definitely a cash
cow, and the renovation is a mammoth task with a massive leaking
roof, miles of corridors, over 30 bedrooms, countless bathrooms and
11 main reception rooms plus a former gym, stable block and many
outbuildings.
"It's a passion project as it's a substantial building in need
of some serious TLC. After the war, a lot of buildings like this
were demolished because they weren't fit for purpose, and a
building only has a place in the world if it has a use. The
previous owners realised they couldn't turn it into flats and just
wanted to get shot of it. But, as a listed house, you have to keep
repairing it by law. The building needs to be full of people, and
you can't have something of this size without it being used. We
were commuting from London with the boys and considered trying to
live here, but when you have children, you get committed to living
in one place. We decided to stay in London and went there less and
less, and it started slipping backwards. Because of its location,
it couldn't become a hotel as it's not in an area anyone would want
to holiday in, but it had no purpose and probably should have been
demolished. But it's a listed building and you can't do that, and
anyway I think it is a great legacy for the future of British
architecture."
With so much going on in her life, it's hard to imagine how
Sarah manages to fit all her projects in and give them her
undivided attention. "I'm really positive about Tepilo, and I have
a great team who I work with on the TV series. The restoration
project was very fraught, especially as we were doing it on a
shoestring. But even though I know I've taken on too much, I have
no idea what I would give up. I love all the different aspects of
my work, and I've got my family: having four young sons, it's
always going to be a lot of fun. I have given myself the same
advice I would a first time buyer - there are opportunities so
don't put your life on hold. If it's the right time in your life to
buy, then buy. If it's the right time in your like to take on a new
project, go for it. Just take control, and never look back."