Huge four bed house for sale listed on Zoopla for just £50,000 – why is it so cheap?

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A property for sale in Cumbria has been listed on Zoopla for a low price.

The large family home boasts four large rooms.

Spanning over three floors, the home would be ideal for a family.

The front door opens into a vestibule, leading onto a long narrow hallway with stairs at the bottom.

A door to the right takes visitors into and open plan dining and sitting room with the kitchen in the back.

The finish in the property is modern, with white walls and grey carpet.

Listed by Auction House Cumbria, the listing reads: “A fully modernised three bedroomed terraced house in this popular village between Whitehaven and Egremont close to the Lake District National Park.

“The property has recently been fully modernised with new kitchen, bathroom, decorations and carpets throughout.

“It is ready for immediate occupation and can only be appreciated by internal inspection

Auction House Cumbria.”

It is not clear why the home is so cheap. The average sale price in the area in the last 12 months was £91,820.

However, the £50,000 is just a guide price, as the property is being sold at auction.

The home is for sale by auction on Thursday, 25 July 2019 at 12:00pm.

So what exactly is a guide price? The Zoopla advice reads: “Guides are provided as an indication of each seller’s minimum expectation.

“They are not necessarily figures which a property will sell for and may change at any time prior to the auction.

“Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10 per cent above a single figure Guide.”

Another home was listed for just £30 recently. The property for sale is stunning, so why is it so cheap? 

The house is situated in Queensland in Australia and the lucky owner will also get the land which surrounds the property.

With 40,000 tickets on offer, one person will bag themselves the house for the ticket price of just £30.

What’s more, the lucky winner will get a number off add-ons including AUD$30,000, or £16,520.

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