Would you buy a house ' Under the Hammer ' ?

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So I watch a programme on television called 'Homes under the Hammer '. In this programme people buy a property at an auction. They then renovate it and either sell it on or rent it out. I love to see the property in the beginning and then how these people have changed it. It , of course, is really interesting to find out how much they have made on the project Given the money, this is something that myself and The Mister would like to do . Maybe we will do this once he has retired and we have more time Anyway, I was wondering, would you buy a house ' Under the Hammer ' and once updated, sell on or rent out ?