Tuesday 20 March 2012

At £501, is this the UK's cheapest house? | UK news | guardian.co.uk

At £501, is this the UK's cheapest house? | UK news | guardian.co.uk

It's boarded-up, next to a railway line and with graffiti scrawled across one wall, but the price of a two-bedroom terrace in the county Durham village of Ferryhill is still fairly staggering.
£501. That's where bidding stands for 29 Church Street, a small but sturdy redbrick property in a quiet turning (apart from the trains) within a short walk of a primary school and shops, a slightly longer one to a sports centre and a couple of miles' drive to the A1M motorway to Durham and Newcastle-upon-Tyne.
That's not to say that anyone will get it for that; the reserve price is £10,000 and a similar-size house in the same street, also empty and in need of major repairs, sold for £18,500 several months ago. But the house opposite has been demolished and the landlords who used to rent out No.29 are unlikely to hold out for anything too exciting.

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