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Hearst UK reports operating loss for 2023 but says ads are recovering

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Hearst UK reports operating loss for 2023 but says ads are recovering

Magazine publisher Hearst UK is hoping for a “full recovery” to its digital advertising revenue after it was hard hit by platform algorithm changes in 2023.

The publisher made an operating loss of £3.6m in 2023 following an operating profit of £5.1m in 2022. Excluding exceptional items, it reported an operating profit of £6.1m in 2022 and a loss of £1m in 2023.

Hearst UK is the trading name of The National Magazine Company Ltd which said in its 2023 accounts that it “projects an operating profit and positive cash flow in the coming year”.

And it reported profit before tax of £685,000, compared to pre-tax profit of £6.1m in 2022.

Hearst UK’s biggest brands include Elle, Good Housekeeping, Country Living, Women’s Health, Runner’s World, Inside Soap and Digital Spy.

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Its revenue fell by 8% in 2023 to £111.9m in the year to 31 December 2023. Revenues have now fallen every year since 2012 with the exception of 2021 when they were higher than the 2020 Covid-induced low.

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Print revenue “continued to contract, but at a much lower pace, owing to stronger newsstand and subscription performance”.

But it was digital revenue that saw the most turbulence, with the company blaming algorithm updates across “several platforms”, likely referring to Google and Facebook, that affected search and other traffic referrals.

Unique visitors to Hearst UK websites were down by almost a third (31%) compared to 2022, from average monthly visitors of 64.9 million to 45 million.

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The publisher said there was a “limited” impact on direct advertising but that indirect revenue (eg. programmatic) was worse hit.

As a result digital advertising revenue was down 17% in 2023, but it said a “full recovery” growing at least 19% is expected this year.

Hearst has been seeking to focus on both “maximising” newsstand revenues from its magazines and growing digital subscriptions.

Although it saw subscriptions growth during the Covid-19 pandemic, it has seen “longstanding decline” in subscriber numbers. However, this pattern ended last year with 2% year-on-year growth to 952,000 by the end of 2023.

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Hearst UK has been adding membership launches going beyond the usual subscription offering, including on Women’s Health, Men’s Health and Good Housekeeping, as well as improving its digital products and introducing more bundles.

The company also recorded “strong growth” in its licensing business and saw “robust” affiliate revenue performance, it said.

But its cash in the bank at the end of 2022 of £27.6m more than halved to £13.1m by the end of 2023.

The operations of Hearst UK Ltd, which published Men’s Health, Women’s Health and Runner’s World, were moved under the National Magazine Company umbrella in 2023. Hearst UK is owned by US-based Hearst Communications.

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Remuneration of the highest-paid director (which typically includes bonuses as well as salary) at The National Magazine Company increased from £145,000 in 2022 to £546,000.

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our “Letters Page” blog

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Everything Erik and Lyle Menendez have said about Monsters

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Everything Erik and Lyle Menendez have said about Monsters

The case of brothers Lyle and Erik Menendez who gunned down their parents at their Beverley Hills family home commanded global attention in the 90s.

The pair were convicted on two counts of first-degree murder and conspiracy to murder their parents Jose and Kitty and sentenced to life in prison without parole in 1996.

Almost 30 years later, the story is still grabbing the headlines after Netflix released its latest true crime series Monsters: The Lyle and Erik Menendez Story.

The nine-episode drama, based on the compelling court case, was created by Ryan Murphy and Ian Brennan who were behind the first Monsters series about US serial killer Jeffrey Dahmer.

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This latest show has claimed the number one spot in the streaming services dramas since it’s release on 19 September.

But it has also courted controversy with many criticising its portrayal of the brothers.

LOS ANGELES, UNITED STATES: This 1992 file photo shows double murder defendants Erik (R) and Lyle Menendez (L) during a court appearance in Los Angeles, Ca. The Menendez brothers have been found guilty of first degree murder 20 March in their second trial for the killing of their parents. AFP PHOTO Mike NELSON/mn (Photo credit should read MIKE NELSON/AFP via Getty Images)
Brothers and double murder defendants Erik (r) and Lyle Menendez (l) during a court appearance in Los Angeles (Photo: Mike Nelson/AFP/Getty)

Why is there controversy around Netflix’s Monsters?

Some viewers have expressed concerns about the treatment of the two brothers, who have consistently claimed they were the victims of physical, emotional and sexual abuse at the hands of their parents.

The Netflix drama has chronicled the story from both Lyle and Erik’s perspectives but also that of their deceased parents Jose and Kitty Menendez.

Taking to social media, some viewers said they felt the brothers had become victims once again as a result of their depiction in the show.

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One wrote: “Sensitive about the Monsters: The Lyle and Erik Menendez Story on Netflix because the Menendez brother’s story is one of deep trauma and injustice.

“I don’t feel anyone should be telling their stories unless they’re factual and portraying them as the victims they really are.”

There is also a suggestion made within the drama that the brothers were in an incestuous relationship, which Lyle had denied during the trial.

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A viewer criticised this online writing: “Confused why Netflix made the decision to further victimise Erik and Lyle Menendez by inventing facts

“Was hoping this was an opportunity for truth that could help not salacious fiction.”

The incest line was also debunked by Robert Rand, who wrote The Menendez Murders: The Shocking Untold Story of the Menendez Family and the Killings that Stunned the Nation.

He told The Hollywood Reporter: “I don’t believe that Erik and Lyle Menendez were ever lovers.

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“I think that’s a fantasy that was in the mind of Dominick Dunne [the reporter portrayed in the series by Nathan Lane].”

Monsters: The Lyle And Erik Menendez Story. (L to R) Nicholas Chavez as Lyle Menendez, Cooper Koch as Erik Menendez in episode 201 of Monsters: The Lyle And Erik Menendez Story. Cr. Miles Crist/Netflix ?? 2024
Viewers have been critical of the suggestion of incest in ‘Monsters: The Lyle And Erik Menendez Story’ (Photo: Miles Crist/Netflix )

Aside from viewers comments, the critics have also expressed their displeasure with the series in their reviews.

Jesse Hassenger, writing for The Guardian, said: “This is probably supposed to come across as multifaceted.

“Instead, it’s an exhausting, repetitive alternation between two overplayed notes: the brothers as victims twisted and broken by years of abuse, and the brothers as delusional, sloppy, possibly sociopathic connivers.”

Katie Rosseinsky reviewing the series for The Independent wrote: “Moments of high drama sometimes come across as inadvertently camp: one scene in the first episode, in which Sevigny brutally whips a toupee from her son’s head, leaving him bald and morose, feels destined to become a meme.

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“Sequences like this, interspersed with exposition-laden dialogue about the police investigation, mean the tone oscillates from silly to serious. “

While Variety described it as a “repetitive slog” after the fifth episode.

“The show falls into the deep end.”, wrote Aramide Tinubu. “The unwieldy tone, which teeters between ominous and light camp (there’s a shocking toupee and overdone homoeroticism), implodes on itself, and the rest of the episodes are a repetitive slog.”

She concluded: “Despite the gripping subject matter and the outstanding performances, Monsters: The Lyle and Erik Menendez Story has no idea what it wants to be.

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“Therefore, it just dissolves into a retelling of unspeakable abuses and gruesome crimes.”

What have the Menendez brothers said about Monsters?

Erik Menendez, who is currently serving a life sentence with his brother Lyle at the Richard J. Donovan Correctional Facility in California, issued a statement on X via his wife Tammi Menendez the day after the Netflix series launched on Thursday 19 September.

In it he said: “I believed we had moved beyond the lies and ruinous character portrayals of Lyle, creating a caricature of Lyle rooted in horrible and blatant lies rampant in the show.

“I can only believe they were done so on purpose.

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“It is with a heavy heart that I say, I believe Ryan Murphy cannot be this naive and inaccurate about the facts of our lives so as to do this without bad intent.”

Brothers Erik and Lyle Menendez are serving life terms for the 1989 shotgun murders of their parents. Erik is pictured above in an August 2002 California Department of Corrections mug shot. His older brother Lyle (whose given name is Joseph) is seen in a July 2003 shot taken at the Mule Creek State Prison. (Photo by Bureau of Prisons/Getty Images)
Erik (pictured above) and his older brother Lyle (given name Joseph) are serving life sentences without parole (Photo: Bureau of Prisons/Getty)

Making reference to the sexual abuse he and his brother said they endured during their upbringing, he added: “It is sad for me to know that Netflix’s dishonest portrayal of the tragedies surrounding our crime have taken the painful truths several steps backward – back through time to an era when the prosecution built a narrative on a belief system that males were not sexually abused, and that males experienced rape trauma differently than women.”

He added: “Those awful lies have been disrupted and exposed by countless brave victims over the last two decades who have broken through their personal shame and bravely spoken out.

“So now Murphy shapes his horrible narrative through vile and appalling character portrayals of Lyle and of me and disheartening slander.”

And he asked: “Is the truth not enough? Let the truth stand as the truth.

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“How demoralizing to know that one man with power can undermine decades of progress in shedding light on childhood trauma.”

How has Ryan Murphy responded to the criticism?

In an interview with US show Entertainment Tonight, Ryan Murphy, who created the show with Ian Brennan, responded to Erik Menendez’s comments saying he had much to say on the topic.

“I think it’s interesting that he’s issued a statement without having seen the show”, he said, “It’s really, really hard — if it’s your life — to see your life up on screen.”

He added that he felt he and the show’s creators had given the brothers a fair hearing in the drama.

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“The thing that I find interesting that he doesn’t mention in his quote, is if you watch the show, I would say 60 to 65 per cent of our show in the scripts and in the film form centre around the abuse and what they claim happened to them”, he said, “And we do it very carefully and we give them their day in court and they talk openly about it.”

He said they had spent three years researching for the show and that there were four people’s perspectives to be included in the piece.

NEW YORK, NEW YORK - SEPTEMBER 12: (L-R) Javier Bardem, Cooper Koch, Nicholas Alexander Chavez, and Chlo?? Sevigny attend the Monsters: The Lyle and Erik Menendez Story | NY Tastemaker at Crosby Hotel on September 12, 2024 in New York City. (Photo by Roy Rochlin/Getty Images for Netflix)
Javier Bardem, Cooper Koch, Nicholas Alexander Chavez, and Chloe Sevigny (l-r) star in the Netflix series Monsters: The Lyle and Erik Menendez Story. (Photo: Roy Rochlin/Getty/Netflix)

“What about the parents?”, he continued. “We had an obligation as storytellers to also try and put in their perspective based on our research, which we did.”

Murphy said he was “very proud” of the work and of the acting in it.

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China probes Calvin Klein over Xinjiang cotton

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China probes Calvin Klein over Xinjiang cotton

China has announced it is investigating the company that owns US fashion brands Tommy Hilfiger and Calvin Klein for suspected “discriminatory measures” against Xinjiang cotton companies.

The move marks a new effort by Beijing to fight back against allegations from western officials and human rights activists that cotton and other goods in the region have been produced using forced labour from the Uyghur ethnic group.

The US banned imports from the area in 2021, citing those concerns.

China’s Ministry of Commerce accused the firm of “boycotting Xinjiang cotton and other products without any factual basis”.

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PVH, which owns the two brands and has a significant presence in China as well as the US, did not respond to a request for comment.

It has previously said it complies with laws in the regions where it does business, including the US Xinjiang law.

It has 30 days to respond to the Chinese authorities, at which point it could be added to the country’s “unreliable entities” list, raising the prospect of further punishment.

Cullen Hendrix, senior fellow at the Peterson Institute of International Economics, said it was not clear exactly what prompted the investigation into PVH now.

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But he said the announcement was likely to hurt the firm’s reputation among Chinese shoppers – and send a wider warning to global firms of the risks of simply bowing to western concerns.

“China is, to a certain extent, flexing its muscle and reminding, not necessarily western governments, but western firms … that actions have consequences,” he said.

“This same kind of naming-and-shaming tactic, that human rights organisations in the west have used, can be weaponised here.”

The investigation of PVH comes as tensions between China and the west have been growing on a range of issues, including electric cars and manufacturing.

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On Monday, the US proposed rules to ban the use of certain technology in Chinese and Russian cars, citing security threats.

China has previously put US firms on its unreliable entities list, which it created as trade tensions heated up between Beijing and Washington.

Those firms were major defence contractors, such as Lockheed Martin and Raytheon, over their business in Taiwan.

Mr Hendrix said the decision to target PVH – a consumer-facing firm with a clearly recognisable US brand – showed the two countries’ disputes were widening beyond areas such as defence and advanced technologies.

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“These things have a way of spilling over,” he said. “It’s affecting a growing number of supply chains across different sectors of the economy.”

In its annual report, PVH warned investors of revenue and reputational risks stemming from the fight over Xinjiang.

It noted that the issue had been “subject to significant scrutiny and contention in China, the United States and elsewhere, resulting in criticism against multinational companies, including us”.

The company was named in a 2020 report by the Australian Strategic Policy Institute that identified dozens of firms that were allegedly benefiting from labour abuses in Xinjiang.

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At the time PVH said it took the reports seriously and would continue to work to address the matter.

PVH employs more than 29,000 people globally and does more than 65% of its sales outside of the US.

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Asda shoppers clear the shelves of Cadbury advent calendars scanning for 85p – it’s the cheapest around

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Asda shoppers clear the shelves of Cadbury advent calendars scanning for 85p - it's the cheapest around

ASDA shoppers are delighted after discovering a Cadbury chocolate advent calendar is selling for just 85p in stores.

The deal has been shared on the Extreme Couponing and Bargaining Facebook group and users are shocked by the reduced price.

The Cadbury advent calendar is a fan favourite - and now only 85p

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The Cadbury advent calendar is a fan favourite – and now only 85p

The advent calendar is selling in stores for 85p.

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It is a Cadbury Dairy milk advent calendar, containing 24 milk chocolates in various festive shapes.

On the Cadbury website, the calendar sells for £2.25, meaning this Asda bargain is 62% discounted from the original price.

One excited member commented: “I’m going to go look for this after work”.

While another person responded: “get me one if they do have it please”.

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The item is available in store and online on the Asda website for the bargain price

When we searched around, we couldn’t find an offer cheaper than this one for the same advent calendar.

On Ocado the calendar is priced at £2.25, which is still 62% pricier than Asda.

And in Poundland you can buy the calendar for £2.75, making the Asda purchase almost a 70% save.

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And for shoppers looking for something a bit different, Asda’s entire advent calendar range is available online and in store.

White chocolate lovers can purchase a white chocolate Cadbury Calendar for £2, which is selling on Amazon for as much as £8.89 – meaning an entire £6.89 off your purchase.

Shoppers can also satisfy their sweet tooth at Asda with Maltesers, Milkybar, Galaxy or Terry’s Chocolate Orange options, both for the price of £2.50.

In comparison, Morrisons is selling the Galaxy Smooth Milk Chocolate Christmas for £3.25, which is 75p extra.

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There is also a Swizzels Sweet Shop calendar available for £6.00, which is sold in other retailers such as Selfridges for £8.99 – meaning a £2.99 save.

I made my own luxury beauty advent calendar for less than the price of one you’d find at Nordstrom and I didn’t buy all the items

Other places already offering great deals on low priced advent calendars include Poundland and Home Bargains.

Poundland sells alternative non-chocolate calendar options, such as a Hot Wheels or Christmas barbie advent for as cheap as £1.

And in Home Bargains, punters can buy a Polar Express or Grinch style calendar for £1.25.

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Despite these low prices, the iconic Asda Cadbury advent was still the cheapest option we found online.

To find your nearest Asda store, use the store locator tool on the retailer’s website.

And to secure the best prices, make sure you shop around, by comparing prices in Whats New or Deals via multiple retailers’ websites.

How to save at Asda

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Shop the budget range

Savvy shopper Eilish Stout-Cairns recommends that shoppers grab items from Asda’s Just Essentials range.

She said: “Asda’s budget range is easy to spot as it’s bright yellow! Keep your eyes peeled for yellow and you’ll find their Just Essentials range.

“It’s great value and I’ve found it has a much wider selection of budget items compared to other supermarkets.

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 Sign up to Asda Rewards 

The savvy-saver also presses on the importance of signing up to Asda’s reward scheme.

She said: “Asda Rewards is free to join and if you shop at Asda you should absolutely sign up.

“As an Asda Rewards member, you’ll get exclusive discounts and offers, and you’ll also be able to earn 10% cashback on Star Products.

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“This will go straight into your cashpot, and once you’ve earned at least £1, you can transfer the money in your cashpot into ASDA vouchers.

We’ve previously rounded up the best supermarket loyalty schemes – including the ones that will save you the most money.

Look out for booze deals

Eilish always suggests that shoppers looking to buy booze look out for bargain deals.

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She said: “Asda often has an alcohol offer on: buy six bottles and save 25%.

“The offer includes selected bottles with red, white and rose options, as well as prosecco. There are usually lots of popular bottles included, for example, Oyster Bay Hawkes Bay Merlot, Oyster Bay Hawkes Bay Merlot and Freixenet Prosecco D.O.C.

“Obviously, the more expensive the bottles you choose, the more you save.”

Join Facebook groups

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The savvy saver also recommends that fans of Asda join Facebook groups to keep in the know about the latest bargains in-store.

Eilish said: “I recommend joining the Latest Deals Facebook Group to find out about the latest deals and new launches in store.

“Every day, more than 250,000 deal hunters share their latest bargain finds and new releases. 

“For example, recently a member shared a picture of Asda’s new Barbie range spotted in store.

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“Another member shared the bargain outdoor plants she picked up, including roses for 47p, blackcurrant bushes for 14p and topiary trees for 14p.”

What else is new for Christmas items in Asda?

Asda have released a full Christmas range already – from Christmas dinner items, to bakery goods, to Christmas gifts and festive drink products.

On the Asda website you can “build your own cheeseboard”, with cheeses starting from £1.95.

The Wensleydale Creamery Hot and Spicy cheddar is currently reduced at £1.95 from £2.20.

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For £3.25, punters can also buy a box of 12 pigs and blankets, and 12 Golden Yorkshire Puddings for 220g.

There are also great deals on wine, where if you buy 6 bottles you save 25% off – perfect for those hosting Christmas this year.

And Christmas gift sets start from just £4.00, such as the Lynx Africa duo which is selling on the Boots website for £8 – double the price.

However, Boots is also great for gift sets, with up to 2,212 options to shop from.

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For example, if you’re just looking for something small, hand cream gift sets only cost the punter £2.50 on the Boots website.

In order to get the best prices, we recommend you shop around before you buy.

To compare prices efficiently, use the “sort by” tools on each retailer’s website, so you can see the cheapest items first and surf the best deals.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

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Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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Great British Bake Off fans moan 'wish I could un-see' minutes into new Channel 4 series

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Great British Bake Off fans moan 'wish I could un-see' minutes into new Channel 4 series


Great British Bake Off viewers were left divided as the popular Channel 4 show returned on Tuesday night with a Barbie-themed opening sequence including Alison Hammond

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New Commerzbank CEO expected to fight a potential UniCredit takeover

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Unlock the Editor’s Digest for free

Commerzbank on Tuesday announced its new chief executive would be Bettina Orlopp, who is expected to fight a possible takeover of the German bank by Italy’s UniCredit.

Orlopp, currently Commerzbank’s chief financial officer, will succeed existing chief executive Manfred Knof “in the near future”, Germany’s second-largest listed lender said.

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Earlier this month, Commerzbank said Knof would not seek another term after his contract expired at the end of 2025.

People familiar with Orlopp’s thinking told the Financial Times she was not supportive of a tie-up with UniCredit, which has positioned itself to become Commerzbank’s largest shareholder with a 21 per cent stake, depending on it obtaining regulatory approval. UniCredit currently has a 9 per cent stake.

Key arguments against a UniCredit takeover are that a change in control could undermine Commerzbank’s lending to the German small and medium-sized companies that form the backbone of the country’s economy and that integrating the two companies could take years, the people familiar with Orlopp’s thinking added.

The German government has already voiced opposition to a UniCredit acquisition.

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In a statement on Tuesday night, Orlopp, a former McKinsey partner who joined Commerzbank a decade ago, acknowledged it was facing a “significant task” but vowed to “navigate through the challenges ahead of us successfully”.

She will remain chief financial officer until a successor has been found. Michael Kotzbauer, head of Commerzbank’s corporate client unit, who is said to share Orlopp’s concerns about a UniCredit takeover, was named deputy chief executive.

“We have found an ideal successor,” Commerzbank chair Jens Weidmann said, adding Orlopp and Kotzbauer were the “co-architects” of the bank’s strategy until 2027.

UniCredit’s potential takeover escalated on Monday when it announced it had acquired a further 11.5 per cent of the German bank’s shares through derivatives positions. These will only be settled once the Italian lender receives the necessary regulatory approval to raise its stake above 10 per cent.

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German chancellor Olaf Scholz lashed out against UniCredit, saying that “unfriendly attacks [and] hostile takeovers are not a good thing for banks and that is why the German government has clearly positioned itself”.

UniCredit said on Monday it was keeping its options open and might either keep its 9 per cent stake in Commerzbank, sell it or increase it further.

“This will depend on the outcome of engagement with Commerzbank, its management and supervisory boards as well as its wider stakeholders in Germany.”

People close to Commerzbank expect that a full takeover and merger with UniCredit’s German subsidiary HypoVereinsbank is the Italian bank’s preferred scenario.

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Knof joined Commerzbank in 2021 from Deutsche Bank after an acrimonious boardroom battle that resulted in both the chair and chief executive resigning.

He embarked on cost cutting at Commerzbank, axing 10,000 jobs in Germany and closing half of the lender’s branches.

Commerzbank’s share price tripled as it increased its dividends and started the first share buybacks in the bank’s 154-year history.

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Terraced house goes on the market for £0 – but its inside will leave you stunned

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Terraced house goes on the market for £0 - but its inside will leave you stunned

A TERRACED house has hit the market for FREE – but buyers may be stunned at what they find inside.

The property steal up for grabs, in New Tredegar, Wales, holds endless potential for those with renovation projects in mind.

A terraced house has hit the market for free - but buyers may be shocked at what they find inside

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A terraced house has hit the market for free – but buyers may be shocked at what they find insideCredit: WNS
The property is located a commutable distance from the M4

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The property is located a commutable distance from the M4Credit: WNS

As reported by WalesOnline, the home is in dire need of a complete revamp – after being ravaged by a fire.

It’s in a “sorry state of repair”, but for a £0 price tag – auctioneers predict the house will attract plenty of bidders.

Inside there is hoards of room to create a large home, or even transform the space into flats.

Sean Roper from Paul Fosh Auctions said: “The terraced house is in the village of New Tredegar, and comes with sweeping valley views.

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“The village benefits from a good range of amenities and shops and is ideally situated for access to Bargoed and Blackwood.”

The property is located a commutable distance away from the M4, as well as Newport and Cardiff.

Merthyr Tydfil, Aberdare and Abergavenny are also accessible.

Sean added: “Although severely damaged in the fire and now partially stripped out, the building, which is being sold with vacant possession, appears to offer three rooms on the ground floor.

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“There are a further four rooms on the first floor with three to four rooms on the lower ground floor with a bathroom area. The property has a rear garden and is served with a lane access.

“Listed with a £nil reserve this large property with huge potential could end up being sold at auction for a matter of just a few hundred pounds depending on interest and a developer’s appetite for the challenge.”

Privacy Fences vs Trees: Smart Solutions for Your Garden

The property is welcoming bids online by Paul Fosh Auctions from 12pm on Tuesday, October 1.

Bidding will come to a close on 5pm on Thursday, October 3.

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It comes as the UK’s ‘cheapest house’ is also on the market from an unbelievable £0 – but it may be difficult to find the front door.

Homebuyers may be excited to find the Welsh property on sale in the village of Dyffryn Cellwen in the Upper Dulais Valley, for such an astonishing price.

The 6,156 sq ft home is located on the outskirts of the beautiful Bannau Brycheiniog national park, with convenient access to the A4109 leading to Swansea.

However prospective buyers will have to go “in with their eyes wide open” as the house is definitely considered a ‘fixer upper’, completely overgrown with brambles and foliage.

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House-flipping tips

A HOUSE-flipper who has made £45,000 on her latest home has revealed her tips and tricks for renovating on a budget.

Deborah Marshall, 47, has been flipping houses in Yorkshire for eight years alongside her husband Paul, 44.

  • Do your homework
  • Take a cue from the style of the house
  • Steer clear of structural changes, unless they’re essential
  • Cheapest isn’t always best for budget
  • Don’t compromise on your dream kitchen
  • Look out for discounts
  • Bundle up your bathroom
  • Compare quotes for the specialist jobs
  • Stick to the plan
  • Keep an eye on knock-on costs
  • Decorate from the heart
  • Furniture size matters
  • Shop smart
  • Avoid money pits
  • Keep an emergency cash pot

Elsewhere in the UK, an ordinary three-bedroom flat went on the market for £115,000 – but inside it’s like “stepping into Narnia”.

Meanwhile, a man who brought a crumbling castle that was once fit for a king revealed how he bagged a royal’s paradise for just £1.

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Martin Higgins, 60, from Brockham in Surrey, bought Betchworth Castle for cheap after the local council refused to restore it.

The house was ravaged by fire

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The house was ravaged by fireCredit: WNS
It is in a 'sorry state of repair'

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It is in a ‘sorry state of repair’Credit: WNS
It could be used as multiple flats with the right planning permission

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It could be used as multiple flats with the right planning permissionCredit: WNS
The old furniture is still inside

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The old furniture is still insideCredit: WNS

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