A THREE-bed family home has hit the market and could be yours for only £1.
The property in Horden, County Durham, comes with a jaw-dropping reserve price but its future homeowners may need to get their hands dirty.
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An online advert describes the terrace as being in need for refurbishment and renovation throughout but it could be the ideal bargain for investors.
Pictures taken from the outside show it looking run down while the windows have been boarded up for security reasons.
A former shop next door also appears boarded up and abandoned.
But the property is close to Sunderland and is less than a 30-minute drive from Durham city centre.
The sale is set to be part of a regeneration project in the area which aims to eventually replace the terraced houses with modern housing.
The house will be auctioned with house hunters possibly able to grab the deal of the century.
Third Street is one of a number of residential terraces which were originally built for miners based at the nearby colliery.
The property is set to go under the hammer later this month with William H Brown auctioneers.
The auction will go live on Tuesday May 20 with bids accepted online, via telephone or in person at the Grand Connaught Rooms in London.
The online listing for the property reads: “A mid terrace property set within an area earmarked for regeneration within the Horden Masterplan, which was signed off in September 2024, further details can be found online and Durham County Council.
“The property currently requires a full scheme of refurbishment and modernisation and offers the potential to provide four bedrooms with accommodation over three floors.
“The current owner has also drawn up some plans to show the possibility to create two self-contained apartments, 1 X one bedroom & 1 X two bedroom. Both, subject to necessary consents being approved, but shows the potential for an excellent return.
“These have not been submitted or approved and are to be used for guidance purposes only.
“The property is situated close to the centre of Horden, close to local amenities, schools and bus routes to Peterlee, Sunderland, and the surrounding districts. Horden is located between the centres of Hartlepool and Sunderland and gives good access to the A19 trunk road.”
No internal viewings of the property are on offer and buyers will have to bid on what they can see from outside or in pictures.
William H Brown were contacted for comment.
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