Property for sale: Five bedroom house in Blackpool listed for £60,000 – why so cheap?

This property for sale might surprise many due to its apparent low price.

The five bedroom house is a terraced property.

Also boasting two reception rooms and a dining room, the house is rather large.

It is also close to Blackpool’s town centre, a good location. So why is it listed for just £60,000?

On closer inspection the listing reveals that the property is up for auction, with a starting bid of £60,000.

Sellers, Pattinson, said of the property: “We welcome to the market this five bedroom, mid terrace house situated close to Blackpool town centre.

“The property is within easy reach of all local amenities including bus routes, schools and the promenade.

“Offering good proportions of accommodation throughout, this property would be an ideal buy to let investment.”

However, potential buyers should note the property has not been inspected.

The auction is to be held at 1pm on 17th October 2018 at Blackpool Football Club.

The listing notes: “Terms and conditions apply.”

Zoopla’s market stats reveal that the average value of a house in the area is £87,682.

The property clearly needs some cosmetic work inside, and has a rather dated pink tiled bathroom.

However, the fairly modern kitchen appears to be in good condition.

Another property for sale has shocked as it hides a huge secret behind its modest facade. 

The house for sale in Sunderland appears to be just a tiny bungalow from the road.

The cottage, listed for £74,950, has two windows and a yellow front door visible from the curb-side.

A five bedroom house for sale was listed with a price of just £35,000, shockingly cheap for such a large house. 

The property, 8 Windsor Terrace, Academy Street, is an end of terrance property with a red brick facade.

Set over three floors, the house is incredibly spacious. It has two kitchens.