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| This house goes for £1! Photo: Agents Property Auction |
How about a three bedroom apartment for just one pound!?
Yes, but there is more.
A property in Sunderland described as “an ideal
investment” is due to go under the hammer with bids starting at just £1.
investment” is due to go under the hammer with bids starting at just £1.
But there is a catch.
The end terrace’s bargain guide price is due to
“hazards of a serious nature” being found in the building, Sky stated.
“hazards of a serious nature” being found in the building, Sky stated.
It is not clear what the hazards are but anyone wishing to
view the house has to sign a disclaimer that they do so at their own risk,
auctioneers Andrew Craig said.
view the house has to sign a disclaimer that they do so at their own risk,
auctioneers Andrew Craig said.
The sales pitch reads: “Attention Buyers! No Buyers’
Premium To Pay! Guide price £1. Yes you have read this correctly £1 with no
reserve.”
Premium To Pay! Guide price £1. Yes you have read this correctly £1 with no
reserve.”
The property is situated on Tunstall Terrace West, in the
Ashbrooke area of Sunderland, close to the city’s university.
Ashbrooke area of Sunderland, close to the city’s university.
Images of the house show a stripped-back property with rooms
including a kitchen that would appear to need a lot of tender loving care.
including a kitchen that would appear to need a lot of tender loving care.
The property is up for auction at Newcastle Marriott Hotel,
Gosforth Park, at 7pm on 31 July.
Gosforth Park, at 7pm on 31 July.