Peppiatt the fantasist property seller and buyer Peppiatt lives in one room of his parents council house . He has always maintained that this is because of housing problems with his vast property empire . Prior to 2001 he always said he had a large Georgian property in Tring with extensive grounds and barns on adjacent property . He would regale listeners with stories of how he would hide from Kenny Fry when he called in an old cupboard until he went away . It is surprising then that Kenny Fry has no recollection of this property and says he has only known Peppiatt living with his parents ! Peppiatt said during 2001 that he was living with his parents in the house that he owned , as his Georgian house had been seriously flooded and he couldn’t live in it and the Insurance company was reluctant to pay for the damage as it would cost £50K Anyway the Insurance company finally agreed to pay and the extensive refurbishment took place , he was all set to move back in . The next door neighbour decided he wanted to buy the Tring property , but this was declined . At last the neighbour offered £350,000 , a huge sum that Peppiatt couldn’t refuse ! So was he flush with money after the sale and purchasing new properties ? No he was still living with his parents ! Oh then tragedy ! He was advised to send the money to the USA by his financial advisor , which he promptly did . So why no readies after this ? Well it transpired that the money was electronically mailed to the USA to a bank in the Twin Towers . Yes the Twin towers and the day after the transfer the terrorist attack took place ! Oh dear ! All of Peppiatts assets disappeared in the meltdown all the records of the transaction too ! He lost the lot ! He still lives with his parents in the council house , which he claims he owns and that they live with him . Now the fantasy has returned with the purchase of a very large property in Oxford , it has tenants in the bottom , but a large attic flat that he is renovating to live in , this will take years and years . No doubt he has now got a flat in the Shard !