‘Great refurbishment project’: ‘Uninhabitable’ flat with holes in the floorboards and debris strewn about to be auctioned off this week with an estimated price of £10,000.
A one-bedroom apartment 20 miles from Glasgow will be auctioned with a starting bid of under £10,000.
However, the Kilmarnock property is reportedly ‘uninhabitable,’ with rubble littered throughout.
The selling agents describe the apartment as a “exciting prospect” and a “wonderful renovation project.”
A ‘uninhabitable’, rubble-covered one-bedroom apartment deemed a ‘exciting prospect’ is being offered for sale with a reference price of under £10,000.
The apartment in Kilmarnock, East Ayrshire, is in a deplorable state but is touted to be a “wonderful renovation job.”
It will be auctioned off on Friday with a miniscule estimate of £10,000.
Photographs of the home depict gaps in the floors, with some rooms having almost no floor, and the majority of the space being covered with debris and broken cupboards.
The uninhabitable apartment in Kilmarnock, East Ayrshire, is considered a “major renovation challenge.”
The Scottish home will be auctioned off on Friday with an estimated starting bid of £10,000.
The apartment has holes in the floorboards and ceilings and is littered with trash and dirt.
One room in the apartment is nearly devoid of a floor, and the walls are in dire need of repair.
Wires and electrical outlets have been ripped from the wall of one room, while the remaining wall appears to be covered with moss and moisture.
The apartment at 3 Dick Road is now marketed as the most affordable property for sale in the city and is located near the M77 highway.
The apartment’s original layout consists of an entrance hallway, living room, galley kitchen, and bathroom, and requires extensive renovations.
The selling agents stated, “It may not appeal to everyone, but at a starting price of just £10,000, it’s a difficult offer for any property developer to refuse.”
The property’s bathroom is filled in trash and debris, and what may have been a shower appears to have been removed.
Auction House Scotland’s Managing Director Mandi Cooper stated, “With a suggested price of £10,000, this property has already garnered considerable interest in advance of our September auction.”
She continued, ‘Although it is currently uninhabitable, it would make a fantastic renovation project and provides a prospective buyer with an exciting opportunity to add value.
“Once finished, the apartment might be utilized as an investment property with a potential yearly rental income of £4,189 (at Local Housing Allowance rates)”
The property will be auctioned off in-room by Auction House Scotland on Friday, September 2 at 2:00 p.m. at the Radisson RED hotel, 25 Tunnel Street, Glasgow.