Three bedroom house with garden in Durham for sale for £5,000

A three-bedroom house on a quiet cul-de-sac has come on the market for just £5,000 – a tenth the price of other houses on the street.

The cozy terrace in Ferryhill, County Durham, will go under the hammer for less than the value of a used hatchback.

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A single family home has come on the market for less than the price of a used carCredit: NNP
The house will go under the hammer with a guide price of just £5,000

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The house will go under the hammer with a guide price of just £5,000Credit: NNP

And it offers a massive bang for the buck for the lucky buyer – if they’re willing to put in the work.

Located in a residential area, this family home offers a surprising amount of space for the money.

In addition to the large rooms, there is a bathroom and a shower room and even a garden.

Within a half mile walk the new owners discover three schools and a college.

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One of the bedrooms is big enough for a desk and a double bed, so it could also be used as a work space.

While plenty of TLC is required, a family could move in right away, hook up a kettle and start stripping wallpaper.

The property is also in a beautiful location just half an hour’s drive from the scenic North East coast.

The house will be auctioned at Royal Estates of Birmingham on April 19th.

Agents describe it as an “investment property” and say it has enormous potential.

If the building permit is granted, it could also be extended backwards – and thus even more profitable in the future.

The average price for a terraced house in Durham last year was £150,361, while the standard cost for a house on the same street was £56,000 in December.

By comparison, a similar home in London would set a buyer back an average of £715,000, according to Zoopla, while the national median price has risen to just under £280,000.

Meanwhile, a house with a huge garden has gone on the market in Spalding, Lincolnshire for just £10,000 – but there’s a very good reason for it.

The property offers two reception rooms, a kitchen and three “well-proportioned” rooms.

But only the most ambitious buyers should put their hands in their pockets.

That’s because the house was destroyed by a terrible fire just four months ago. The family living inside escaped after a heroic neighbor rushed into the flames to save them.

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And a studio in south London is set to go under the hammer for £150,000 but it’s in terrible shape inside and out.

Walls were torn down, carpets torn. The garden is completely overgrown, with vines that go unkempt long enough to reach into an indoor bathroom.

While the house needs some work, it's not in bad shape

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While the house needs some work, it’s not in bad shapeCredit: NNP
A modern family would probably choose to rip out existing fixtures and start fresh—but they certainly wouldn't have to

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A modern family would probably choose to rip out existing fixtures and start fresh—but they certainly wouldn’t have toCredit: NNP
The average price of a house on the street is £50,000 - making this property an absolute steal

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The average price of a house on the street is £50,000 – making this property an absolute stealCredit: NNP

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