Two-bed family home could be yours for just £1,000 – but there’s a catch
A FAMILY home is set to go under the hammer for just £1,000 - but its new owners will need to go without a key feature.
The two-bedroom home in Hull has hit the market at an unbelievable price, although there's a catch over why it's so cheap.
The end of terrace property is sure to excite investors looking for value - even if they will have to splash out to replace the roof after it was recently lost in a housefire.
Potential buyers may be surprised to only be invited for external viewings when they see the property.
But the family pad was recently burned up in a blaze, putting a new spin on 'firesale' as the cut-price home is ideal for Brits looking for a fixer-upper.
Located in west Hull, the property now comes without a roof after the fire took out the rafters and damaged the front of the home.
Read More Property News
So while the new owner will save a pretty penny, they will also be buying a huge to-do list, as the blaze also blackened the front brickwork and windows.
But despite its flaws, the home still offers the essentials needed to build out from.
Two bedrooms are located on the ground floor, alongside a living room, family kitchen and bathroom.
There is also a sun-soaked garden out the back, and one of the key selling points is the home's handy location.
Most read in Money
The cost-conscious homeowners will find themselves within walking distance of a family park, several supermarkets, the city centre and Hull train station.
Previously sold for £62,000 back in April 2019, according to data from themovemarket.com, the £1K price tag is sure to send potential investors scrambling.
Read More on The Sun
The current listing describes it as an "end of terrace fire damage house requiring complete modernisation" - meaning the home can be a clean slate for those looking to build their dream home.
The house is due to be sold by online auction on September 15 by McHugh & Co, who can be contacted directly for more information, or you can find more details on the listing on .
How to buy a house at an online auction
Buying a house online can be daunting, but it is a lot simpler with our top tips.
Be prepared
Speed is one of the benefits of an auction, but this means you must be prepared.
View any property you intend on buying, especially if you are looking for a fixer-upper.
If you can't get to the property, many agents offer virtual tours.
Do your homework
Be sure to read the legal small-print before pulling the trigger on the property - or better yet, pay a solicitor to read it.
A number of sites offer auctions, but be wary of lots for sale through social media.
With some sites specialising in certain property types, it is easier than ever to do your research first, read reviews and check fees.
lets you search by location, price and property type.
hosts timed auctions, showcasing properties from a range of estate agencies countrywide.
READ MORE SUN STORIES
Set a limit - and stick to it
It is easy to get carried away in the heat of the moment, so set a budget of what you think the property is worth, and make sure you stick to it.
It is also important to calculate how much you might need to spend on any renovations or decorating - and make sure you have your finances straight before making a bid.