Going...going...gone? Six North East houses set to be auctioned off with NO reserve price
A selection of North East homes are set to go up for auction with no reserve price.
Six homes will go under the hammer at Birmingham-based Bond Wolfe Auctions’ on Wednesday, October 23.
The zero tags have been tied to the lots because they are boarded up, in need of renovation, or only available for external viewings.
In County Durham, the ‘nil’ lots include a boarded up three-bedroomed, mid-terraced property in Peterlee, and a two-bedroomed, end-terraced house and three-bedroomed, mid-terraced house in Horden.
A pair of two-bedroomed, mid-terraced houses in Hartlepool are on offer, as well as a three-bedroomed, mid-terraced house in Sunderland.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “Each of these properties obviously needs substantial investment, time and effort to return them into decent homes, but for the right investors they could be great bargains.”
Prospective owners will still have to pay the standard auction administration fee of £1,074 including VAT for each property.