Inside spacious two-bed house on sale for just £30,000 - but there's a catch

03 March 2024 , 09:31

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The terraced house is on the market for £30,000 (Image: Jam Press/Auction House, Covering South Yorkshire)

A spacious two-bed house could be all yours for the bargain price of £30,000 – if you're willing to fork out another tens of thousands of pounds to renovate it.

The property in Barnsley, South Yorkshire, comprises a living room, dining room, kitchen and cellar, as well as a spacious double bedroom and family bathroom. But while it sounds like a promising deal, the house is in dire need of work and requires renovations throughout - potentially costing a further tens of thousands of pounds.

Images reveal that the property, which is due to be sold via auction, is almost falling apart, with a massive hole in one of the walls, a ceiling that’s partially caved in and flooring that’s no longer in place.

There's a massive hole in the wall (Jam Press/Auction House, Covering South Yorkshire)

On the plus side, there is an admittedly large bathroom that could well have been used as a garden at one point because it’s filled with soil. There is also miscellaneous rubbish scattered throughout the house, so the new owner will almost certainly have to invest in a skip.

The description reads: “A larger than expected, 2 bedroom terraced home, in need of renovations throughout. On the ground floor, there is a living room, a dining room, a kitchen and access to the cellar. Upstairs on the first floor is a spacious double bedroom and large family bathroom. Up a further stairway is the well-sized attic bedroom. To the rear of the property is a small enclosed garden, accessed via the kitchen.

London flat for rent for £1,400 a month with bed tucked away in kitchen cupboard

The house is 'larger than expected' and boasts a seperate dining room and cellar (Jam Press/Auction House, Covering South Yorkshire)

The listing continues: “On-street parking is available on nearby side streets. Located in Cudworth, this property enjoys the perfect balance of community spirit and countryside serenity. The area boasts easy access to shops, essential amenities, and link roads, making it ideal for families or professionals.

“Surrounded by picturesque landscapes and yet close to the vibrant Barnsley centre, Cudworth offers a quality of life that is both peaceful and connected.”

The estate agent has estimated that the property could fetch a rental income of £700 a month once renovated, so this may also be a great investment opportunity. It is also worth keeping in mind that the bids will start from £30,000 at auction, and once sold, the buyer will have an additional administration fee of £1,200 and a buyer’s premium fee of £1,200 to pay.

That being said, the average house in the area sells for £179,924, so this very much remains a bargain. The property – which features on What'sTheJam – is set to go to auction on 18 March.

Emma Guinness