In my view, a mansion tax would be disastrous for the UK property market, particularly in the £2 million to £5 million range that underpins much of the country’s prime housing sector. These are often long held family homes, and their owners tend to be asset rich rather than cash rich. An annual 1 per cent levy above £2 million would not only add an unnecessary financial burden but would also distort natural pricing across the market.

Taking on a restoration project in the Cotswolds is a labour of love. It’s a chance to revive a piece of history and create a truly unique country home.

Of course, restoring an old property comes with its own set of challenges. Knowing what to look out for, and where to spend your money can spell the difference between an endless money pit and a genuinely rewarding investment.