Property for sale: A modern two-bed home is selling on RightMove for just £31,000 – why?

Before buying a property, most Britons will need to spend years saving up for the purchase. So, a two-bed semi-detached house which has been listed for just £31,000 is sure to turn heads. The modern property in Shropshire boasts a good location and even features terrace gardens. It boasts good transport links and is located less than a mile away from the nearest train station, making the cheap price even more confusing.

At first glance, the property appears to be fully equipped with everything a homeowner would need.

The listing said: “The property was built in 2008 to a high standard with both design and environmental factors in mind. It has wooden frame double glazing and under floor heating.”

On the ground floor, the house has a good sized sitting room with large double glazed windows at the front.

It leads through to a dining kitchen which includes basic units including a stainless steel sink and drainer and has a view of the rear garden.

The floor also has a WC, cloakroom and hallway which has doors to the garden and stairs to the first floor.

Up the stairs, the property has two bedrooms which both feature large windows.

There is a family bathroom on the floor which has a bath and electric shower fitted.

So, why is this property selling for such a small price?

It all comes down to the ownership, and potential buyers would only be purchasing a 26 per cent share in the house for the asking price.

The home is only available on a shared ownership basis and the remaining share would belong to South Shropshire Housing Association.

source: express.co.uk