The '£750 semi-detached house' sells for £14,000

A three-bed semi in the North East has sold for £14,000 at auction - despite a starting price of just £750

It was billed as the cheapest house in Britain when put up for auction with a starting price of just £750, but the three-bed semi ended up selling for almost 20 times that.

That means it has lost its claim to be the cheapest house in Britain - a two-bed mid-terrace house in the Tanfield Village area of Stanley sold for £12,500 recently for example.

Robinsons estate agents, based in the North East, had the home listed as "lot 55" last in its auction last night - with a starting bid of just £750. "Ideal investment opportunity," the estate agent claimed.

In the end it sold for £14,000 - considerably more than its starting price, but still less than a new Ford Focus.

But you still get a fair bit for your money - the auction catalogue describes the property as "semi detached" and comprising an entrance hall, lounge, dining kitchen, three bedrooms and family bathroom.

You also get front and rear gardens.

There’s also a lot for the new buyers to do.

"It is located on a decent plot but it needs a huge amount of work doing to bring it up to a decent standard,” Richard Watson, from Robinsons, told the BBC.

"It has been vandalised to a very bad extent: all of the wiring has been taken out, there's no plumbing, there's no heating system, the kitchen has been removed, and the bathroom is an absolute mess."

Full property details:

GROUND FLOOR:

  • ENTRANCE HALLWAY:
  • LOUNGE:16’1 x 9’8
  • KITCHEN/DINER: 10’3 x 12’7


FIRST FLOOR:

  • BEDROOM 1 (FRONT) 9’7 x 9’6
  • BEDROOM 2 (REAR) 10’4 x 6’4
  • BEDROOM 3 (REAR) 7’4 x 6’11
  • FAMILY BATHROOM


EXTERNALLY:

  • Gardens to front and rear.

    The property can be found on Limetrees Close, Stockton-on-Tees, Cleveland.