Most Britons will spend many years saving up before they are able to buy a property of their own. That’s why a cheap house on the market is sure to attract a lot of attention. A modern three bedroom semi-detached house in Inverclyde has been listed for just £33,000. Can you spot why the property is so cheap?
The bright and airy home has been listed on RightMove and boasts three bedrooms, a bathroom and a good size garden.
On the ground floor of the house, potential buyers will find a reception hall, W.C, spacious lounge and a large dining kitchen area.
Upstairs, the property has three good size bedrooms and a family bathroom.
The modern house is equipped with gas central heating, double glazing and has a driveway at the front and a garden in the back.
The listing explained it is the perfect location with local shops, good transport links and sports and leisure facilities nearby.
Similar properties in the are have recently sold for up to £80,000, making the price even more confusing.
So, why is it so cheap?
A closer look at the listing makes it clear the small asking price will only get the buyer shared ownership.
The listing said: “Enjoying a popular, sought after location, ideal for schools and bus routes this impressive end terrace villa is offered on a quarter shared ownership basis offering a wonderful, affordable opportunity for growing families.”
The share on offer is not specified, but the listing does explain buyers will have the opportunity to increase their share.