In for a penny? Some of Britain’s cheapest houses go up for sale from ‘nil’ meaning they can be bought for next to nothing – although you’ll have to call the builders inHomes all in County Durham and Sunderland and have ‘nil’ or £1 starting priceProperties are going under the hammer at Bond Wolfe Auctions…
In for a penny? Some of Britain’s cheapest houses go up for sale from ‘nil’ meaning they can be bought for next to nothing – although you’ll have to call the builders in
- Homes all in County Durham and Sunderland and have ‘nil’ or £1 starting price
- Properties are going under the hammer at Bond Wolfe Auctions on February 27
- They are cheap because they are boarded up or in serious need of renovation
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Potential home owners looking to get onto the housing ladder could snap up several properties which have a starting price of ‘nil’ or £1 at auction.
The homes, all of which are in County Durham and Sunderland, have been given a bargain basement reserve price because they are boarded up, in serious need of renovation or only available for external viewings.
The properties include two and three-bedroom homes and whilst they may look worse for wear, they could be renovated into something spectacular.
The properties are going under the hammer in Bond Wolfe Auctions’ sale on February 27 at the Holte Suite at Aston Villa FC and their prices are likely to shoot up under intense bidding.
The auction houses’s chief executive, Gurpreet Bassi, said: ‘Each of these properties obviously needs substantial investment, time and effort to return them into decent homes, but for the right investors they could be great bargains.’
Buyers will still have to pay an administration fee of just over £1,000 for each home, but that is a small amount compared to an average house price in the UK of £234,000.
This three-bed home, located in the pit village of Ludworth, County Durham has a starting price of just £1 after being damaged by fire. It comes with a landing, rear yard and garage
Another home with three bedrooms,on Argent Street in Peterlee, County Durham, is also in need of refurbishment. However, it has a starting price of ‘nil’ and comes a with a rear yard which could allow a buyer to create a beautiful outside space
This home is on Henry Street in the seaside town of Seaham, in County Durham. It is up for auction with a ‘nil’ starting price, and comes with two bedrooms, two reception rooms, a kitchen and bathroom
Another three-bed home, on Hastings Street, Sunderland, has a porch, hall, reception room, kitchen-diner, rear lobby and bathroom. There is scope to develop it into a comfortable family home and it again has a ‘nil’ starting price
In less need of repair than those already shown, this two-bed home on Eleventh Street, in Horden, County Durham, has a reception room, kitchen, landing and rear yard. It does not have a reserve price and so could potentially go for free, minus the administration fee and VAT
This home, on Twelfth Street, in Horden, County Durham, has been partly boarded up but comes with three bedrooms, a reception room, kitchen, landing and a back garden. It is under auction with a ‘nil’ starting price
This home, on Third Street, Horden, comes with two bedrooms. It also has two reception rooms, a kitchen and bathroom. It also boasts double glazing, although is otherwise in need or modernisation. It is on the market with a ‘nil’ starting price, though could come under intense bidding
This two bedroom mid terraced house on Jane Street, in Stanley, County Durham, has a landing, bathroom and rear garden. It also has a gas fired central heating system and UPVC double glazing. As with many of the other homes, it is being offered without a reserve price
This home, which is also on Henry Street, in Seaham, County Durham, has a front garden, as well as a living room, kitchen, bathroom and rear yard. It also comes with double glazing and potential rental income of around £3,360 per year. There is no reserve price
This home is up for auction with a starting price of just £1. It sits on Brook Street, Bishop Auckland, County Durham, and has two bedrooms, as well as a reception room, kitchen, landing and bathroom. Buyers will need their DIY skills at hand though because the kitchen and bathroom come without fittings