A super cheap house has come on the property market in Greater Manchester, but it is not a purchase for the faint-hearted. The terraced house in Bolton is the cheapest house currently up for sale in the region and is set to go to auction this month for £20,000.
The house needs a whole lot of work doing to it both inside and out before it can be considered a habitable home. As it stands the three-bed mews home has been left in a derelict state with a dated kitchen, a sad-looking living area, unloved bedrooms and a mould-ridden bathroom as well as an jungle for a garden.
The buyer will certainly have their work cut out, but the decent-sized home has heaps of potential for a first-time buyer or investor. Once renovated Auction House expect the property to sell in the region of £150,000 ,or those who choose to buy-to-let could expect rents in excess of £1,000 per calendar month.
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Located on Montserrat Road, the home sits in an ideal location near to the village of Barrow Bridge. Lostock train station is just over a mile away with Bolton station just over two miles from the house.
A walk-through video of the house shows its current layout with a small entrance hallway and stairs leading up to the first floor.
The first door on ground floor leads into an open-plan living and dining space with a fireplace at the centre. At the end of this room is doors leading to a conservatory which is fairly well kept.
A door on the left then leads into the kitchen which is a generous size with a door leading out to the back garden, which is currently overgrown. There is also another room to the back of the garden.
Upstairs there is a small landing area which leads to the bathroom and three bedrooms with the master which is noticeably larger than the rest.
The property also has a garden area to the front of the house as well as a driveway with off-road parking.
The Rightmove listing reads: "For sale by auction is this spacious three-bedroom mews property in this popular and convenient location close to all local amenities.
"Appealing to both developers looking to add value and flip with a sales price in the region of £150,000 achievable once renovated or a buy to let investors looking to add to their portfolio with rents in excess of £1000 per calendar month / £12000 per annum being achievable for properties on this road.
"The property briefly comprises an entrance hall, lounge/dining room, kitchen, and conservatory to the ground floor with three beds and a bathroom on the first floor. Outside there is a garden to both the front and rear with off-road parking to the driveway. Central heating and UPVC double-glazed throughout."
You can visit the property for an open-house viewing on Wednesday, October 12 at 4pm until 4:30pm and Tuesday, October 18 from 2pm until 12:30pm.
The house will go for sale at an online auction on Monday, October 24. Bidding for the property opens at 1pm and closes on Tuesday, October 25 at 1pm. You can register to bid here.
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