A house is currently on the market with an intriguing starting price of $1.25, but as is often the case with offers that seem too enticing, there’s a significant catch.
With the ongoing cost of living crisis, the chances of entering the property market are increasingly slim, driving some individuals to make unconventional choices such as living in dumpsters or relocating to cruise ships.
So, what about a house for $1.25? Initially, it sounds appealing, but after examining the unsettling aspects of the house, you might reconsider.
This property is situated on Pasture Row in Bishop Auckland, County Durham, UK.
The house is a two-bedroom terraced structure, offering a modest 473 square feet of space.
It comes with freehold ownership, boasts ‘no onward chain,’ and even features ‘super’-fast 51Mbps’ broadband.
The listing states: “We are delighted to offer to the market this two-bedroom terraced property located on Pasture Row, Bishop Auckland.
“[…] Briefly comprising; Lounge, Kitchen. To the first floor lies two good size bedrooms and a family bathroom.”
However, the images of the property reveal why it’s currently listed for only $1.25.
Indeed, it’s not the most appealing home, with pictures showing an exterior that is far from inviting and an interior that follows the same pattern.
The kitchen is cluttered with debris, the staircase and ladder leading to the attic resemble a scene from a horror film, and the bathroom being the most presentable part speaks volumes.
The listing comments: “Once renovated this property has the potential to be a substantial family home.”
It also mentions: “Properties in this location are extremely popular.”
However, you might question the last statement after learning about the unsettling area where the house is located.
As reported by Mail Online, the house is located in what is described as a ‘ghost town’ from a former mining village.
Additionally, the area is reportedly plagued by crime and disorder, to the extent that bus drivers are unwilling to stop there.
Surrounding properties are reportedly marked by graffiti and neglect.
The property’s auction date has not yet been set, and ‘fees apply,’ so keep an eye out if you’re interested in acquiring the $1.25 property in this ghost town.
In a cost of living crisis, we can’t all be too picky, can we?