A run-down house covered by overgrown ivy and too challenging to enter been put up for auction – with an asking price of £300,000.
The period townhouse in Clifton, a desirable suburb of Bristol where nearby properties sell for more than £1m, has no stairs, a fallen-in ceiling and has been vacant for five years.
Auctioneers say that while potential buyers can’t see inside the property for safety reasons, it could still be a bargain if bought for the £300,000 guide price.
In the listing, agents at Hollis Morgan advise: “Due to the dangerous shape of the property, no internal viewings are possible.”
They added that the property has “severe water ingress throughout” and “now requires complete modernisation”.
However, the auctioneers hope the property “has scope for a fine three-four bedroom home in this incredibly sought after residential enclave”.
The freehold end of the terrace period property is arranged over three floors occupying a large plot.
Although the property has been vacant for five years, it still holds plenty of books and furniture from previous dwellers.
Auctioning a Hazardous Property at £300k
Andrew Morgan, director of Hollis Morgan, said: “Its romantic ivy-clad walls indeed indicate that it is a property in need of restoration, but it offers that scarce opportunity of a blank canvas to create a home of the purchasers’ dreams, be that traditional or contemporary.
“What makes this so unusual is that this is a manageable family home in an area where most of the properties are of mansion house size. Additionally, its location in a quiet leafy enclave within easy reach of the city centre makes this a true gem.”
Morgan added that he expects “vast interest” and “keen bidding” when the auction takes place on 26 July.
The property is to be sold to cash buyers only as “given the condition of the property, is it doubtful residential mortgages will be suitable for the purchase”.
A dilapidated house in one of Britain’s most prestigious areas, which is too dangerous to enter, is being sold at auction for just £300,000. Situated in Clifton, the highly desirable suburb of Bristol, the period townhouse is shrouded by overgrown ivy, lacks stairs, has a collapsed ceiling, and has remained unlived in and abandoned for five years.
Take a Chance on the Run-Down House at £300
Homes in the surrounding area can fetch more than £ 1 million, with the average asking price for a terraced house in the BS8 postcode reaching £909,000 in the past 12 months.
Although potential buyers are getting a peek at the property’s interior because of its dangerous state, auctioneers believe it could still be worthwhile if sold for around the guided price of £300,000.
In the listing, the selling agents at Hollis Morgan advised: “Due to the dangerous condition of the property, no internal viewings are possible.”
They describe extensive water damage throughout and emphasise the necessity for a complete renovation.
Nonetheless, the auctioneers are optimistic about the property’s value and potential, describing a splendid three to four-bedroom home in this “highly sought-after residential enclave.”
The freehold end-of-terrace period property spans three floors and is on a sizable, well-established plot.
Despite being abandoned for so long, it has books and furnishings left behind by its previous occupants.
Bidding on the Dangerous Run-Down House at £300k
Estate agent Andrew Morgan said: “This property looks as though Miss Havisham has just vacated it because it certainly engenders Great Expectations!
“Its romantic ivy-clad walls indicate that it is a property in need of restoration, but it offers that scarce opportunity of a blank canvas to create a home of the purchaser’s dreams, whether traditional or contemporary.
Despite having no functioning stairs or even open for viewing – this once-suave townhouse is going under the hammer for £300,000.
Set in “one of the country’s poshest” areas, the abandoned Bristol home has been reclaimed by nature and deemed too dangerous for buyers to look around, but that hasn’t stopped estate agents from slapping on a six-figure price tag.
The property’s facade has been swallowed by ivy while inside, the walls and floors crumble with dampness, and a ceiling has caved in, with its rooms unoccupied for five years.
Books, furniture and a piano, have also been left behind in the home, with one auctioneer drawing Dickensian comparisons to Miss Havisham’s creepy hideout frozen in time.
But despite its asking price, the property’s value is still dwarfed compared to other homes in the leafy neighbourhood, many of which regularly go for more than £1,000,000.
