A house in Newcastle has gone on sale for just £1 but its small price reflects one huge problem. The two-bedroom semi-detached property is in need of a major renovation.
Images show the family home in Wallsend, North Tyneside, needs a huge update and is in desperate need of modernisation. Photos show marks on walls and floors, the living room has a blue patterned wallpaper and orange wallpaper. There is also debris in the kitchen and across the house.
Images of the garden show overgrown hedges and a pile of sticks on a concreted area.
Whoever buys the house may have a lot of work on their hands but it could provide huge returns if handled properly.
The house is up for auction with Pattinson Estate Agents at just £1 for the starting price of £1, reports Daily Mail.
If you’re wondering where the property is located, it is just a short drive from Newcastle city centre.
There are also beaches nearby which is another selling point for the location of the house.
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If you’re thinking of buying a house at auction, it’s important to do your research first to see if the property has any serious issues.
An online advert reads: “Pattinson Estate Agents are pleased to offer this two-bedroom semi-detached property.
“Located on Mcllvenna Gardens the property is well positioned for local amenities such as schools, shops and restaurants.
“The location of this property offers great road links to the coast and Newcastle City Centre. Briefly comprising an entrance, lounge, kitchen and bathroom. To the first floor there are two bedrooms.
“Externally to the rear there is a large private back garden. To the front a small garden and driveway.”
Property auctions used to be for offloading dilapidated houses to developers, but these days, landlords and probate sales also sell liveable homes.
House prices in Newcastle had an overall average of £234,220 over the last year, according to Rightmove.
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