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interestrateripoff

Two-Bed Property Goes For 8,250 Times The Asking Price (Well, Bidding Did Start At £1!)

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[url="http://www.dailymail.co.uk/news/article-2121587/Britain-s-cheapest-house-Two-bed-property-goes-8-250-times-asking-price-bidding-did-start-1.html"]http://www.dailymail.co.uk/news/article-2121587/Britain-s-cheapest-house-Two-bed-property-goes-8-250-times-asking-price-bidding-did-start-1.html[/url]

[quote]A house thought to be the cheapest in Britain has sold for just £8,250.

Bidding began at the princely sum of £1 for the two-bed property, which is in the village of Ferryhill Station, County Durham.

But its new owner faces a hefty refurbishment bill. All of the windows are boarded up and vandals have spray painted graffiti on walls.
[/quote]

A steal if bought for BTL and get HB tenants in?

I'm guessing the area isn't the best?

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[quote name='interestrateripoff' timestamp='1332960538' post='909002048']
[url="http://www.dailymail.co.uk/news/article-2121587/Britain-s-cheapest-house-Two-bed-property-goes-8-250-times-asking-price-bidding-did-start-1.html"]http://www.dailymail.co.uk/news/article-2121587/Britain-s-cheapest-house-Two-bed-property-goes-8-250-times-asking-price-bidding-did-start-1.html[/url]



A steal if bought for BTL and get HB tenants in?

I'm guessing the area isn't the best?
[/quote]
I grew up near there and to be honest its not as bad as you might think.
The area has always been cheap hisorically.

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[quote name='interestrateripoff' timestamp='1332960538' post='909002048']
[url="http://www.dailymail.co.uk/news/article-2121587/Britain-s-cheapest-house-Two-bed-property-goes-8-250-times-asking-price-bidding-did-start-1.html"]http://www.dailymail.co.uk/news/article-2121587/Britain-s-cheapest-house-Two-bed-property-goes-8-250-times-asking-price-bidding-did-start-1.html[/url]



A steal if bought for BTL and get HB tenants in?

I'm guessing the area isn't the best?
[/quote]

We will see more of these in the future.

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[quote name='Patfig' timestamp='1333021752' post='909002601']
I grew up near there and to be honest its not as bad as you might think.
The area has always been cheap hisorically.
[/quote]

Trains pass within 50ft at 125mph.

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