The bargain three-bed County Durham home that could be yours for just £1
A County Durham home is set to go on auction with a guide price of just a quid.
It means the home could be snapped up for less than the cost of an average loaf of bread, which stood at £1.40 in January, or using spare change found down the back of the sofa.
The three-bed property in Horden comes with a loft room, rear yard and open plan living area.
In need of renovation throughout, the mid-terrace on Third Street could be a perfect investment opportunity or rung onto the property ladder for a buyer willing to take on a project.
An online listing says there will be no viewings inside and the home is currently boarded up. There are also no pictures of its condition inside.
It is said to need 'renovation and refurbishment throughout'.
The online auction takes place on May 20, 2025.
The full listing reads: 'A mid terrace property set within an area earmarked for regeneration within the Horden Masterplan, which was signed off in September 2024.
'The property currently requires a full scheme of refurbishment and modernisation and offers the potential to provide four bedrooms with accommodation over three floors.
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'The current owner has also drawn up some plans to show the possibility to create two self-contained apartments, one one-bedroom and one 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."
As with any auction property, any potential buyers are encouraged to read the small print online and contact the auctioneers for the legal pack.
Further enquiries can be made on the William H Brown website.
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