logo
Sheffield property up for auction for £1000

Sheffield property up for auction for £1000

BBC News23-06-2025
A run-down house which needs more than a little TLC is to go up for auction in Sheffield priced from £1,000.The shell of a home in Hinde Street lacks a few of the basic amenities - including, but not limited to, floors and internal walls - but has been described by auctioneers as an "excellent opportunity".The four-figure starting bid is just a fraction of what homes on the street can fetch.Mohammed Mahroof, a chartered surveyor, said: "People who generally buy at auction always see an angle, they'll refurbish it and bring it back to the greatest glory it was before, nothing ever sells for nothing."
The two-storey property, which is boarded up at the front and has exposed brickwork along the side exterior wall, lacks many of the comforts of home.But, according to Auction House South Yorkshire, the house is "conveniently located, a stone's throw from Meadowhall, Northern General Hospital, various retail parks, and great transport links including easy access to M1".The property, just off Paige Hall Road, is also very close to Fir Vale Secondary School.The latest figures from the Office for National Statistics (ONS) indicate that the average house price in Sheffield was £220,000 in April 2025 compared to a UK average of £265,000 in the same period.According to The Move Market website, the average house price on Hinde Street in Sheffield is £95,000.
Mr Mahroof, who has more than 30 years' experience in the industry said despite the low price, which may shock those without knowledge of the property market and auctions, the starting sum was not that unusual.He added "I've seen properties advertised for a pound and some with a nil reserve though they always sell for a lot more."Some pieces of land that you think will never sell, landlocked from every side and people still buy them. "People buy toilets, pumping stations, there's a market for everything in my experience of auctioneering."Interested parties are able to bid via the Auction House South Yorkshire from Monday at 13:00 BST for about 24 hours.
Listen to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU's von der Leyen: trade deal delivers certainty in uncertain times
EU's von der Leyen: trade deal delivers certainty in uncertain times

Reuters

time24 minutes ago

  • Reuters

EU's von der Leyen: trade deal delivers certainty in uncertain times

PRESTWICK, Scotland, July 27 (Reuters) - European Commission President Ursula von der Leyen on Sunday said a U.S. baseline tariff rate of 15% on imported EU goods would apply to cars, semiconductors and pharmaceutical goods. She also said that a zero-for-zero tariff rate had been agreed for certain strategic products, including aircraft and aircraft parts, certain chemicals, and certain generic drugs. No decision had been taken on a rate for wine and spirits, she added. "Today's deal creates certainty in uncertain times, delivers stability and predictability," von der Leyen told reporters before leaving Scotland.

Al-Nassr agree £43.7m deal with Chelsea for Felix
Al-Nassr agree £43.7m deal with Chelsea for Felix

BBC News

timean hour ago

  • BBC News

Al-Nassr agree £43.7m deal with Chelsea for Felix

Al-Nassr have agreed a deal worth up to £43.7m for Chelsea forward Joao 25-year-old has been given permission to travel to Riyadh for his medical to complete the will link up with fellow Portugal international Cristiano Ronaldo at the Saudi Pro League side after they saw off interest from his former club recoup the £45m they paid Atletico Madrid for Felix last summer, having also sent the attacker out on loan to AC Milan for six months in January for a £5m loan Blues, who won the Club World Cup this month, have already sold goalkeepers Djordje Petrovic and Kepa Arrizabalaga and winger Noni Madueke to balance the books this have raised about £130m with further players like forward Raheem Sterling, left-back Ben Chilwell, midfielder Renato Veiga and striker Armando Broja currently up for have spent £212m on signings like striker Liam Delap, winger Jamie Gittens and forward Joao Pedro with interest in midfielder Xavi Simons and defender Jorrel Hato they are also under pressure from Uefa to come out of the summer with a "positive transfer balance" after being initially fined £27m with conditions placed on the club to comply with rules, or risk not being able to register new signings for the Champions League this season.

US expects to result of probe into chip imports in two weeks
US expects to result of probe into chip imports in two weeks

Reuters

timean hour ago

  • Reuters

US expects to result of probe into chip imports in two weeks

TURNBERRY, Scotland, July 27 (Reuters) - The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result in tariffs on chips imports - was one of the "key reasons" the EU sought to negotiate a broader trade agreement that would "resolve all things at one time." Trump said many companies would be investing in semiconductor manufacturing in the United States, including some from Taiwan and other places, to avoid getting hit by new tariffs.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store