When it comes to buying a house, the British know that they will have to spend a lot of money. It is difficult to find cheap properties in the UK; therefore, when the price is lower, the property tends to be taken away immediately. A home that is likely to turn heads of potential buyers is this three bedroom terraced property.
The three-bedroom terraced property was recently listed on Zoopla for just £ 10,000 – much less than the average UK deposit price.
According to the Nationwide Building Society, a typical 20% deposit in London was around £ 80,000 in 2018.
The house – located on Sedgemoor Road, Willenhall, Coventry – not only has three bedrooms, but also a bathroom, a large garden and an open-plan kitchen with a breakfast bar, which will be useful to entertain guests.
The property has two floors, and buyers can find a spacious kitchen on the first floor, which also has doors leading to the garden.
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The kitchen is designed in an "L" shape and in an open plan style, which can double as a dining area due to the extra space, with a useful breakfast bar attached to the side.
The property's kitchen offers lots of space and storage opportunity, with several cabinets and drawers available.
In addition to a kitchen on the first floor, there is also a hallway and a spacious living room.
The listing is also proud that the property benefits from having a gas central heating system and UPVC double glazing.
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On the second floor, buyers can find a bathroom with a functional toilet, a washbasin and a bathtub / shower.
Down the hall, shoppers can also find two medium-sized bedrooms and a large master bedroom overlooking the main road.
The listing describes the property as: "A terraced property at the end of the road behind a front garden".
So why is it so cheap? There is a problem?
Further analysis of the description and further inspection of the images listed, the reason behind the lower price becomes much clearer.
The property is for sale at a public auction, listed by Bond Wolfe Auctions.
And the asking price of £ 10,000 is just a "reference price".
The "Guide price" is an indication of the seller's minimum acceptable price in the auction.
In addition, the terraced property has been vacated for several years, so the property will need to be completely remodeled.
Interested buyers will need to bid at an auction event on February 27, 2020, at the Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE, to purchase the property.
However, this is not the only property recently listed on Zoopla for a cheap price.
The house – located in Leysdown-On-Sea – has two bedrooms, an open plan kitchen and is fully furnished.
The property has only one floor, and buyers can find a special lounge area with doors leading to the garden.
The property's kitchen is modern and has recently been renovated with honey-colored countertops, silver sinks and classic white cabinets that provide lots of space and storage opportunity.
The kitchen also includes a stove, washing machine and stove and also offers space next to the refrigerator for a dishwasher to be added by the buyer.
Further down the property, there are two bedrooms and a Jack and Jill-style bathroom, complete with two entry points, a new shower, a water closet and a sink.