A three-bedroom semi-detached house with a large garden has gone on the market for just £20,000. But prospective buyers are being warned it will need some serious work to get it up to scratch.
The property would be ideal for a couple or small family just starting out on the property ladder, but is in desperate need of some TLC. In a prime location in Erdington, Birmingham, it boasts excellent links to the city centre, and a good selection of local shops.
There is a good selection of schools nearby and it is a ten minute walk from popular beauty spot, Witton Lakes. The house has a large back garden perfect for children to play in along with an impressive conservatory.
The only problem is that it is in disrepair, with stripped out rooms, bare floorboards and peeling paint. The kitchen has no fittings and the house is completely unfurnished.
The property has recently been listed for auction with a reserve price of £20,000 - way below the average house price in the city of £278,496. Nestled on a corner plot in Ripley Grove, the house boasts a hallway, reception room, bathroom and three bedrooms and garage.
The freehold property is listed with Bond Wolfe and also has gas-fired central heating and UPVC double glazing. The listing describes the bargain house as: "A Vacant Freehold End Terraced Property, having potential for development, subject to obtaining the necessary planning consents.”
The property will be sold at an online auction on July 13 with the starting bid being £20,000 which could go higher. The house is vacant which usually means completion can take as little as six weeks.
