Yahoo News Run-down house too dangerous to enter goes up for auction at £300k
The period townhouse in Clifton, a desirable suburb of Bristol where nearby properties sell for more than £1m, has no stairs, a fallen-in ceiling and has been vacant for five years.
A run-down house that is covered by overgrown ivy and too dangerous to enter has been put up for auction – with an asking price of £300,000.
The period townhouse in Clifton, a desirable suburb of Bristol where nearby properties sell for more than £1m, has no stairs, a fallen-in ceiling and has been vacant for five years.
Auctioneers say that while potential buyers can't see inside the property for safety reasons it could still prove to be a bargain if bought for the £300,000 guide price.
In the listing, agents at Hollis Morgan advise: "Due to the dangerous condition of the property no internal viewings are possible."
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They added that the property has "severe water ingress throughout" and "now requires complete modernisation”.
However, the auctioneers are hopeful that the property "has scope for a fine three-four bedroom home in this incredibly sought after residential enclave".
The freehold end of terrace period property is arranged over three floors occupying a large plot.
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Although the property has been vacant for five years, it still holds plenty of books and furniture left behind by previous dwellers.
Andrew Morgan, director of Hollis Morgan, said: "Its romantic ivy-clad walls certainly indicate that it is a property in need of restoration but it offers that very rare opportunity of a blank canvas to create a home of the purchasers' dreams, be that traditional or contemporary.
"What makes this so unusual is that this is a manageable size family home in an area where most of the properties are of mansion house size, additionally its location in a leafy quiet enclave within easy reach of the city centre makes this a true gem.”
Morgan added that he expects “vast interest” and “keen bidding” when the auction takes place on 26 July.
The property is to be sold to cash buyers only as "given the condition of the property is it highly unlikely residential mortgages will be suitable for the purchase".
