Cheapest house in the area is set to go under the hammer at £50,000
WE’VE seen countless home renovation projects during lockdown - but you could take it a step further and completely overhaul a run-down property.
Buying a neglected house on the cheap could give millennials a chance to get on the property ladder, or homeowners could see it as an investment opportunity.
This three-bedroom semidetached house is currently the cheapest on the market in Manchester.
The property, on Caradoc Avenue in Cheetham Hill, is up for auction in two weeks’ time with a guide price of £50,000.
It comes with a kitchen, bathroom, entrance hall, a reception room, and a rear garden.
But as you can tell from the price tag, the property will need a lot of work to modernise it.
The Rightmove advert states: “Caradoc Avenue is conveniently located within walking distance to the amenities on offer in Cheetham Hill and is close to Manchester city centre providing easy access to a more extensive range of amenities including bars, restaurants, shops and two universities.”
The listing continues: “The property is well placed for commutes with Queens Road Tram Station located just a few minutes walk away which offers regular services into the heart of the City.”
Similar properties sold nearby show there’s potential to make a profit as they’ve fetched more than £80,000.
For more information, please contact estate agents McHugh & Co on 020 8012 8911.
The auction will take place on Thursday, July 23.