You can buy 4-bedroom house with a detached garage for just £1 – AND it comes with £7k freebie
A FOUR-BEDROOM home in a central location with convenient transport links could be yours for just £1 – and comes with a £7k bonus.
The bargain property on Elswick Road, Newcastle upon Tyne is promised to “appeal” to many buyers – but it’s so filthy you can’t see the floor.
However, buyers that don’t mind taking on a big renovation could be rewarded with a £7k prize.
The dust-covered grand piano in the living room needs some tender loving care and is missing some keys – but could prove a hidden gem.
A spokesperson for Pattinson Estate Agency said the grand piano alone could be worth up to £7,000 despite the property being listed for just £1.
The spokesperson said: “It is a baby grand piano, which needs some refurbishment, but the owner had been informed it could be worth up to £7000.”
The house isn’t for the faint-hearted, with buyers having to contend with dirt, rubble and abandoned furniture.
The dirty abode is stacked with unwanted items including chairs, mattresses, CDs and wires.
Exposed floorboards can be seen in the ceiling of one of the rooms and pieces of the wallpaper are peeling off the walls.
A number of windows and the front door have been boarded up. Shocking pictures show lines of filled bin bags discarded outside of the home.
The bathroom is covered in dirt with brown stains smeared on the toilet and rubble piled on top of the sink.
A stack of CDs have gathered in one room with vinyl records strewn across the floor.
The abode is comprised of two flats, boasts four bedrooms, two bathrooms, a lounge and a kitchen.
There is also rear yard, which could be used for entertaining or as a safe place for any children to play.
The property is just 1.4 miles from Newcastle Central Station, providing transport links around the region as well as national trains.
It is also close to Newcastle city centre, which has a number of popular bars, restaurants and shops to browse.
The home is currently up for auction with the £1 starting price.
The agent said it was impossible to properly value the property given it is in ruins, so an auction was picked as the most sensible way to sell it.
The statement said: “With a property in need of such repair, its often difficult to be in line with the sellers’ expectations of a final sale price.
“With auction, the buyers will do their own research on the local area and selling prices, combined with the costings of a potential renovation, and use that with their bidding amount.”
Despite the home resembling a bomb site, it’s predicted to pull in a “variety” of interested parties, from investors to families or anyone willing to renovate.
The spokesperson said: “The two flats are within one detached building on its own private grounds, with the added bonus of a detached garage.
“In fact, the garage alone is worth a significant value.
“The contents of the property are mainly items that had belonged to the owner and some from tenants who had rented the property.”
Buyers can put in bids until the auction deadline on Friday.