Salvage Hunter Drew Pritchard finds himself in a precarious position as he faces challenges while fulfilling his Georgian restoration dream. The ambitious project to restore a Georgian townhouse in Bath has hit a roadblock, with funds running dry just 10 months into the rebuild. Despite having already spent £200,000, Drew found himself at a “breaking point” after being denied a bridging loan and maxing out his credit cards. The TV personality had to make tough decisions to keep the project going, resorting to selling his cherished antiques and collectibles to raise necessary funds.
The Salvage Hunter’s journey, documented in a special series titled Georgian House Restoration, showcases the demanding nature of renovating a Grade I-listed property that was converted into five flats in the 1970s. Drew’s initial purchase of the house for £1.5m in 2022 led to the discovery of extensive work required due to the “botched” conversion. Despite facing unforeseen setbacks and escalating costs, including emergency repairs, a new roof, and window replacements, Drew was determined to maintain the authenticity of the Georgian interiors.
With the project falling behind schedule and finances stretched thin, Drew faced a crucial moment when his loan application was rejected, putting the entire restoration at risk. In a race against time, Drew needed an additional £200,000 to complete the renovation. Unwilling to compromise on quality and authenticity, he found himself selling off his antiques warehouse and stock in Conwy. The upcoming auction of around 600 items, including rare finds like a fossilised skull and an antique wooden vice, was a make-or-break moment for Drew’s restoration project.
As the auction progressed, some items fetched profitable sums while others fell short of expectations. Despite the mixed results, the proceeds were not enough to cover the financial shortfall for the renovation. Drew faced the harsh reality of having to halt work on certain parts of the house due to budget constraints. Focusing on completing the top two floors of the property, where his bedroom and guest rooms will be situated, Drew had to put other areas on hold until additional finances could be secured.
Despite the challenges and setbacks, Drew remained resolute in his commitment to a period-accurate restoration. The completion of the upstairs bedrooms brought a sense of accomplishment, with Drew expressing his excitement at seeing his vision come to life. However, tougher decisions lie ahead as he contemplates selling his most treasured possession and making potentially life-changing sacrifices to see the Georgian restoration dream through.
Drew’s story serves as a reminder of the risks and rewards that come with ambitious restoration projects. His determination to preserve historical integrity and create a space true to its Georgian roots showcases his passion for the salvage industry. As Drew navigates the financial challenges and uncertainties, he remains dedicated to seeing his dream of a restored Georgian townhouse become a reality. Stay tuned as the Salvage Hunter faces his toughest choices yet in pursuit of his restoration dream.