A three-bed home is going under the hammer with bids starting at just £1.
That’s just one pound. And no reserve either.
While soaring London and southeast property prices can dash hopes of getting into the property market, the north of the country can have some bargains.
The Mirror recently reported how six properties in the northeast had sold for less than £30,000 each while highlighting cheap streets with homes as low as £14,600.
Now Pattinson’s auction arm is flogging lower floor flat in Denton Burn, Newcastle which which it says could bring in £400pcm as a buy-to-let rental property.
Inside there is a hallway and lounge, which leads into an open plan kitchen.
There’s three bedrooms – and a shared bathroom.
Bus routes into Newcastle city centre are just a short walk away. Locally, there are restaurants, take aways and shops on Whickam View, Chronicle Live reports.
Two primary schools – St Bede’s and Broadwood – and secondary school Excelsior Academy are within 10 minute’s walk.
It will be auctioned off on Tuesday, July 25 at Kingston Park rugby stadium. Registration opens at 5pm.
Six of the cheapest of the 24,416 residential sales across England and Wales in one month earlier this year took place in the north east – where the average price sat at £125,000.
The six properties all sold for below £30,000.
One terraced house sold for as little as £18,000.
In our cheap streets investigation, Durham was home to seven of the UK’s cheapest streets – and if you head to Peterlee and you can expect to spend as little as £14,600 for your place on the property ladder.
Proxy bids for this budget Newcastle home can be placed with the agent.
To arrange a viewing, visit here .
Alternatively call Pattinson on 0191 2725880 or email firstname.lastname@example.org