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Britain's cheapest house goes up for sale for just £1 - though you'll have to provide your own roof for the fire-damaged three-bedroom home

Daily Mail logo Daily Mail 21/11/2018 Charlie Bayliss

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Budding homeowners could snap up a three-bedroom property for just £1 - although they'll need their best DIY skills to bring it up to scratch.

The property in Bradford, West Yorkshire, has no reserve price but a new roof is needed on the home after it was severely damaged by a fire in 2015.

Bidders can try to buy the home for as little as £1 and would-be buyers could be sitting on a goldmine as if they make the winning bid, they will not have to pay council tax due the poor condition of the home.

Many of the previous homes to go under the hammer have been owned by councils, meaning the new owner has not been able to rent or sell after purchase. 

a house that has a sign on the side of a road: The three-bedroom property in Bradford, West Yorkshire will require a lot of work to get back up to livable condition after the roof of the home was destroyed in a fire © Provided by Associated Newspapers Limited The three-bedroom property in Bradford, West Yorkshire will require a lot of work to get back up to livable condition after the roof of the home was destroyed in a fire Yet this property was owned by private property firm, Property Saviour, which allows the winning bidder to rent, sell, re-mortgage or even live in the home themselves.

The property is in a prime location in Bradford, where other homes on the street have an average value of £67,000. 

a dirty old room: The bathroom is in need of a major overhaul after tiled,windows and bath have been opened to the elements from the fire © Provided by Associated Newspapers Limited The bathroom is in need of a major overhaul after tiled,windows and bath have been opened to the elements from the fire

Saddat Abid, Senior Property Buyer at Property Saviour, said: 'We initially wanted to restore the damaged property ourselves, as we saw a lot of potential.

Average homes along the street have a value of around £67,000, meaning the person who does decide to invest in the property could be sitting on a goldmine © Provided by Associated Newspapers Limited Average homes along the street have a value of around £67,000, meaning the person who does decide to invest in the property could be sitting on a goldmine 'However after being let down by builders over the last few months we decided to give somebody else the chance to buy it. This could be a great investment for somebody looking for a new project.

a tree next to a fence: The lucky buyer who manages to win the auction will not have to pay council tax due to the state of the building © Provided by Associated Newspapers Limited The lucky buyer who manages to win the auction will not have to pay council tax due to the state of the building 'We've made sure the internal rubbish from the fire damage has been removed. This means that you can either get stuck in straight away or do it up as you go along.

'This is a rare opportunity and perfect for a home owner who wants to end up a with a mortgage free affordable home.'

The £1 auction takes place at Elland Road Stadium, Leeds, on December 12. The property is being marketed by Auction House, West Yorkshire.

Pictures: Renovating Britain's cheapest homes

 

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