The houses for sale from £1
The two and three-bedroom properties in County Durham, Durham and Hartlepool have been listed for sale at auction with a head-turning £1 guide price.
But the mid-terrace properties aren’t for the faint-hearted. They’ll likely need substantial investment and refurbishment with prospective buyers only able to inspect the outside. They also have low F and G energy performance ratings.
The auction, arranged by Bond Wolfe Auctions will take place at the Holte Suite in Aston Villa football club in Birmingham on Thursday 27 February from 10am.
A series of lots are also being marketed with a ‘nil reserve’ guide price. Properties include a two-bedroom detached house in Stoke-on-Trent, a two-bedroom mid-terrace in Cumbria, a two-bedroom mid-terrace in Liverpool and a two-bed end terraced property in Middlesbrough, to name a few.
However, interested parties should bear in mind that demand can push up prices substantially and if you win the bid, you will need to pay a 10% deposit of the purchase price or £5,000, whichever is greater.
Buyers will also need to pay the auction house an administration fee of £1,140 (£950 plus VAT). Always read the legal pack before committing to a purchase.