DOZENS of homes are up for sale in a Christmas auction….with buyers hoping to snap one up for less than the price of a 75p festive chocolate orange.
A portfolio of 26 properties, stretching from Durham to Doncaster are going under the hammer this week with reserves at £1 or less.
Dozens of houses are on sale in a Christmas auction with reserve prices of £1 or less[/caption]
But similar houses in London in good repair and the right area could run into MILLIONS.
The sale includes two and three bedroom terraces in County Durham, Cumbria, Doncaster, Grimsby, Hartlepool, Liverpool, Newcastle, Rotherham, Saltburn and Sunderland.
Many are boarded up and need full refurbishment.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions who are handling the sale in Birmingham on Wednesday said: “These properties obviously need substantial investment but they could be among the best bargains of 2019.”
One potential buyer said: “A reserve price of a £1 is less than the 75pcost of the Chocolate Orange you put in your children’s Christmas stocking.
“Obviously the chances of paying a little as that are remote, and they need a lot of work. But it’s worth a look when you consider what houses cost down South!”
One of the properties – a two-bed terrace in Chopwell, near Newcastle UponTyne even has a reserve price of NOTHING.
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The house was lived in until earlier this year and has no structural damage.
One house on a neighbouring street was sold for £55,000 in July 2019.
A similarly sized terrace in Belgravia, North London is on the market for £4,000,000.
Similar houses in London in good repair and the right area could run into MILLIONS (this house in Belgravia, North London, is on the market for £4m)[/caption]
Many of the houses are boarded up and need full refurbishment – such as this one in Murton, Seaham[/caption]
15 Ewe Hill Terrace in Houghton-le-Spring is set to be auctioned[/caption]
This property in Liverpool is one of dozens that are up for sale in the Christmas auction with reserves of £1 or less[/caption]
Terraced houses like this one in Saltburn are up for grabs[/caption]
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