This three-bedroom house in Scotland is up for auction for just £1
A dilapidated three-bedroom house in Scotland is being sold at an online auction for just £1. With a future reinvestment value of around £185,000, it has bags of potential for the right person looking to take on a renovation project.
The property, situated in the historic seaside town of Creetown, Newton Stewart is in need of a complete overhaul. After undergoing extensive damage due to a fire caused by an electrical fault, there's not much left other than a crumbling shell. It might be up for a bargain, but you'll need a hefty sum to restore it to its former glory.
Most rooms were affected by the smoke of the blaze, but it's the kitchen, bathroom and utility room which have been completely ruined.
The home is also attached to a former shop (which could be knocked down to become part of the property or opened as a guest house).
Inside the home you'll also find a reception hall, kitchen/diner, conservatory, a master bedroom with its own en-suite bathroom and storage cupboards. There is also central heating and double-glazed windows throughout.
To the rear of the property you will find a large courtyard area, decking and lawn space. With plenty of potential, it's ideal for anyone looking for a renovation project who is willing to give it a new lease of life.
Mandi Cooper, Managing Director at National Property Auctions, told the Daily Record: "This property was a once very much-loved family home. Online auction is proving to be a very successful way of selling property, land and commercial assets online and allowing buyers from all over the world to get involved without having to be present in an auction room."
If you're up for the challenge of renovating this home, you'll have to express your interest quickly as bidding closes on 31st January. The house is listed via National Property Auctions. Bidding starts with a guide price of £1.
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