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Cash buyers sought for ‘unmortgageable’ York house – Yours for £172K

An auction is underway for a house in York which is a bit of a doer-upper.

This is 113 Bad Bargain Lane, and it could do with a little TLC.

The three-bedroom semi-detached house is being auctioned to cash buyers by Hammer Price Homes, with a reserve price of £172,000.

113 Bad Bargain Lane, York

That’s less than half the normal price for a property of this type. According to Rightmove, the average price of a semi-detached on Bad Bargain Lane is £348,500.

Number 113 comes with an open plan living room and dining area, kitchen, three bedrooms and a front and rear garden.

In the details, Hammer Price Homes states: “The property requires full renovation throughout, and this sale is open for cash buyers only due to the general condition we feel the property is unmortgageable.”

It adds: “There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.”

The auction runs till 2pm tomorrow (Wednesday, 26 November). You can see more and make a bid here.