Buyer demand is at an all time high in some areas, meaning those trying to get on the property ladder may have to make sacrifices.
If you’re not afraid of getting your hands dirty and know your way around a drill, that sacrifice might take the form of a fixer-upper in a great location – but it’ll take a special kind of DIY enthusiast to take on this project.
With two bedrooms, this semi-detached house in North West Glasgow is a steal at its guide price of £69,000, but this low number reflects the extensive work that’ll need doing inside.
Recently put on the market by Online Property Auctions Scotland Ltd, the property is locatedon a leafy suburban street in Maryhill and is described as a ‘developer’s dream’.
While the exterior shows some signs of degradation, the inside of the home reveals the extent of the job for the new owner.
Photographs online show the living room filled with rubbish bags and discarded belongings, while dark stains cover the cluttered kitchen units.
There’s evidence of smoke or fire damage too, as pictures show peeling wallpaper and blackened furnishings in one room alongside stained ceiling tiles and paintwork.
Even the bathroom has been left to fall into ruin, and the bath and toilet are obscured by abandoned toiletries and filthy, broken fittings.
From caved-in floors to rotten woodwork to mould-ridden walls, it’s clear to see why the home is priced how it is – as well as why auctioneers have highlighted that it is ‘currently unsuitable for habitation’.
Bidding opens at just £1,000 for the run-down house – with £69,000 being the expected final figure – and it’s an unconditional sale, meaning the winning bidder is contracted into ownership once the gavel goes down.
That should mean a quick sale for whoever takes the place on, in what the listing says is a ‘blank canvas opportunity’ and ‘excellent potential family home’ that’d be ‘ideal for owner occupiers, developers, and investors’.
Despite the clear deterioration of the home, its location adds to its appeal. Close to Glasgow University and Southern General Hospital, it’s easy for students or NHS staff, and the Maryhill neighbourhood has good schools and plenty of amenities nearby.
Properties on the same street sold recently by Online Property Auctions Scotland have gone for upwards of £150,000, so there’s certainly profit to be made.
The home itself also has potential in the form of its adjoining garage and small garden, which could be extended or converted (subject to planning) to make more room.
Auctioneers say: ‘Over the past year we have sold a number of residential properties requiring extensive modernisation that would make fabulous family homes.
‘These have all attracted substantial interest and have offered fantastic opportunities to developers and home owners. We advise interested parties to make their own enquiries early on, so as not to miss out on this fantastic property.’
It’s certainly not something everyone would be able to manage, but for the right person it could be a roundabout way to create their dream home on a budget.
Check out the listing and place bids on the Online Property Auctions Scotland website.
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