A property for sale in Cheshire for just £10,000 seems like a bargain.
The four bed terraced house in Dukinfield appears to be selling for £98,939 less than the average house in the area.
Boasting four bedrooms and two bathrooms, this seems like a lot of house for a small amount of money.
Sellers the Property Exchange Estate Agents describe the house at “deceptively large.”
The home has double glazed windows, a fitted kitchen and a seller with a pool table.
Buyers do not need a mortgage to buy the property.
So, why is this house so cheap?
The home is being sold under a part buy part rent scheme.
This means that buyers will pay a sum of money per month, and will own a part of a house.
Zoopla says of part buy part rent properties: “Want to get on to the property ladder but struggling to stack it up financially? Shared Ownership could be the answer.
“Shared Ownership is where you buy just a share of a property (between 25 per cent and 75 per cent) from a UK housing association.
“You then pay the housing association an ‘affordable rent’ on whatever part you don’t own.”
A similar deal saw a four bed property in London with rooftop views on the market for just £50,000.
A beautiful property, the family home has four bedrooms and three bathrooms, and is the dream for many London dwellers.
Sellers Property Exchange Estate Agents said of the property: “An amazing purchase opportunity in the heart of London.
“Owner will finance with just £50,000 deposit, then £795 per week.”
Another property for sale is a four bed house in Bedlington.
Currently the interior of the building is in disrepair and the whole home need renovation.
However, the large property clearly has a lot of potential.