Property: Three bedroom house could be yours for just £34,000 – why is it so cheap?

When it comes to buying a new home, people will have saved up for years to secure their dream property. With house prices rising, buyers know they’ll have to part with a lot of cash. So this recent listing on Zoopla is likely to attract attention from potential buyers. The three bed house in Peterlee, County Durham, was posted on the site for a shockingly low price. Not only has it been newly refurbished, but it is listed on Zoopla for just £34,999. As well as its desirable price tag, the end terrace house also has two bathrooms, making it suitable for a growing family, as well as a garden to the rear and parking available on the street.

Having undergone a programme of redecoration and refurbishment the property benefits from a newly fitted kitchen, new carpets, redecoration, upgrading of the plumbing and electrical, and a new combi boiler.

The outside of the home offers sea views, as well as a playing field to the front and rear.

On the ground floor, buyers will find a kitchen and dining room that has been equipped with newly fitted walls, and floor units, a huge lounge area with double glazed windows, a porch entrance that leads straight into the lounge area, and a brand new converted shoer or wet room.

Upstairs, buyers will see a freshly painted landing with access to three family bedrooms and a three-piece bathroom suite, with a low level w/c, hand wash basin and panelled bath, and newly laid laminated flooring with freshly pained panelled walls.

Situated on the east side of Avon Street, to the north of its junction with Ashton street, those interested in buying the property will benefit from its location.

The house is well served by good range of local amenities including shops and schools.

The site description reads: “The property is situated on the east side of Avon Street, to the north of its junction with Ashton Street. Local shops, school, library and bus service are available in Easington Colliery, whilst the more extensive facilities of Peterlee are approximately 3 miles to the south.”

Why is it so cheap?

The average value for houses in SR8 was recently estimated at roughly £62,086.

Although this figure is still almost double the asking price, for homes sold in the area, the average price was around £46,332. which could explain why the seller has opted for a lower price for this property.

The property is to be sold at an auction on Thursday 25th July at Kingston Park Rugby Club, however, buyers can book a viewing beforehand.

Another three bed home was recently listed for an equally low price.

A three-bed new build was posted on Zoopla for £37,000.

The semi-detached home, which is located in Liverpool, has three bedrooms, a double driveway, and a dual zone heating system.

source: express.co.uk