Up for auction for £ 20,000, this three-bedroom terraced house in Cardiff, Wales seems like a steal at first glance.
But wait until you see inside before you get too excited.
While the property looks perfectly fine from the outside, when you walk in you will find out why the starting price is so low.
The house is described as ‘in need of a makeover’, which could be an understatement.
It’s so crowded that you can barely see the floors, so you’ll need a massive clean-up before you can hope to move in.
Then there is the wallpaper, which is peeling off and appears to have mold in parts of the house.
The rugs are dirty and stained, while in the kitchen the paper hangs from the ceiling and the cupboard doors come off their hinges.
In the back garden you will find a thorny jungle, as the plants are so overgrown that you will have to wade through the leaves and branches.
You should only buy this place if you are ready for a major cleaning, tidying up, and remodeling project, basically.
But if you’re ready to do the work, the list estimates that you could generate a “good income” by renting out the property.
The house is in a popular area of Cardiff and only a mile from Cardiff Queen Street station so in terms of location it’s pretty awesome.
Jim Demitriou, SDL’s national auctioneer, said, “The successful bidder will get everything inside the house.
“It saves the owner the trouble of cleaning it up. That is why it is more suitable for an auction.
“The fact that it’s messy means it stands out, that it grabs your attention.
“We’re here to sell the property, the more interest there is, the more people bid.
“We took a lot of interest in it. We have about 90 people waiting to see it and about 40 have signed up to bid.
“We have a very motivated supplier who wants to make sure they sell.
‘This is a great opportunity. You can renovate it and inhabit it, or you can rent it out, but if you are looking to make some money, you can turn it into multiple occupancy by dividing it into two apartments.
“Splitting is where a buyer can go with it. If you look down that street for other houses which are exactly the same that have been split into two apartments, they sell for between £ 120,000 and £ 130,000.
“It’s been empty for about three or four years. The house belonged to the mother of the sellers, who is deceased. It was not their family home, so they are not emotionally attached to it.
If you want to take over the house, set your alarms for 10 a.m. on July 29, when the national property auction begins.
You’ll need to make sure you’re registered though – and registration will close at 12 noon the day before.
Good luck. We hope you have a good supply of cleaning supplies.
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