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Inside Scotland's cheapest 'fixer-upper' flat that costs less than a designer handbag

Daily Record logoDaily Record 4 days ago Sophie Law

A one-bedroom flat could take the title of Scotland's cheapest property when it is due do go under the hammer for less than the price of a designer handbag.

The fixer-upper flat, in Largs, North Ayshire, is being auctioned off this week with the starting price of just £5,000 - but the bargain price tag is explained once you look inside.

The ground-floor flat is in desperate need of renovation, but is described as an 'ideal for a second holiday home' due to it being a stone's throw from the 'fantastic shoreline and fabulous beachfront'.

The flat's price tag is a whopping £197,000 below the average house price in Scotland, which stands at £201,917 as of April 2021, according to Zoopla.

a car parked on the side of a building: The fixer-upper flat, in Largs, North Ayshire, is being auctioned this week © Future Property Auctions The fixer-upper flat, in Largs, North Ayshire, is being auctioned this week

In fact, the £5,000 property is more affordable than the £5,750 being asked for a Dolce and Gabbana box bag, and a fraction of the price of a Bottega Veneta alligator clutch at a total of £24,000.

It's also cheaper than a first class return flight to New York costing £5,559 and a Ford Fiesta at £16,385.

With a lounge, kitchen, double bedroom and bathroom all in need of a major face-lift, the modest bargain property would be perfect for a first-time buyer looking to do a big renovation project.

a building with a tiled floor: The lounge is in need of a major face-lift © Future Property Auctions The lounge is in need of a major face-lift

However, house-hunters will e pleased to learn the run-down flat includes a garden and on-street parking and is a few minute's walk from the town's train station.

The listing reads: "Ground floor one bed flat beside train station near to Largs waterfront. Property requiring upgrading. Ideal for Buy to Let or Holiday Let. Excellent street in Largs near to town centre and churches.

"Requires refurbishment throughout. Property cleared and available for immediate entry. Vacant possession - First time to market. Great area within the fantastic shoreline and fabulous Scottish beaches.

a zebra standing on top of a grass covered field: The property has a garden and on-street parking © Future Property Auctions The property has a garden and on-street parking

"Largs, known by some as the jewel in the crown of North Ayrshire, is a popular and highly sought after town on the West Coast of Scotland benefiting from having a number of local attractions."

The property is going under the hammer on Friday, April 9 between 10am to 4pm in a timed auction with Future Property Auctions at the guide price of £5,000.

To be in with the chance of bidding on this bargain fixer-upper flat home, visit the website.

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