• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
A UK house is up for sale with a guide price of £10 but there is a major catch

Home> News> UK News

Published 15:16 8 Sep 2024 GMT+1

A UK house is up for sale with a guide price of £10 but there is a major catch

The vacant property is located on the Isle of Wight

Anish Vij

Anish Vij

A house in the UK is up for sale with a guide price of £10 - but there is a major catch.

For most of us, it really is tough out there in the property market as the cost-of-living remains stupidly high and wages are obviously not increasing at the same rate.

From just last year, the average house price in the UK has gone up by 2.7 percent to a whopping £287,924, according to the latest figures from the UK House Price Index (HPI).

The home has a guide price of £10 (Rightmove)
The home has a guide price of £10 (Rightmove)

Advert

But even if we were in the 1950s - where the average house price was around £1,800 - a home for tenner would still be an absolutely ridiculous bargain.

This comes after a two-bedroom, one-bathroom, semi-detached house at the edge of a cliff went up for auction.

The vacant home near Leeson Road, Ventnor, on the Isle of Wight, is up for auction with a guide price of just £10.

However, the catch is that the property is next to an area which suffered a recent landslip after 16 hectares (40 acres) of land collapsed back in December.

Internal viewings are not available (Google Maps)
Internal viewings are not available (Google Maps)

Advert

Residents from around 20 properties were initially forced to leave their homes, while some of them were unable to return.

The listing on Rightmove reads: "A vacant 2 bedroom semi-detached house for cash buyers only, requiring refurbishment.

"The property is adjacent an area of recent landslip, however, only minor structural damage is apparent to the building and site itself.

"It remains the intention of Island Roads and the Isle of Wight Council to re-open Leeson Road as soon as it safe to do so.

"Internal viewings will not be possible. The auctioneers have not inspected the property."

Advert

It comes after a landslide back in December (Isle of Wight Council)
It comes after a landslide back in December (Isle of Wight Council)

The auction details also note: "To be sold by online auction (unconditional) on Friday 27th September 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00."

According to the property sale history, the home was last sold for £60,000 back in 1999. Ah, the good ol' days.

So, if the risk is something you're willing to take on, at least you'll be able to stream Netflix without a problem with a whopping 77mb download speed.

It's also worth to note down the nearest station which is just two miles away, with the closest college being 1.3 miles away.

Advert

A primary school is also 1.7 miles from the property.

To view the listing, click on Rightmove now.

Featured Image Credit: First for Auctions / Getty Stock

Topics: Home, UK News, Money

Anish Vij
Anish Vij

Anish is a Journalist at LADbible Group and is a GG2 Young Journalist of the Year 2025. He has a Master's degree in Multimedia Journalism and a Bachelor's degree in International Business Management. Apart from that, his life revolves around the ‘Four F’s’ - family, friends, football and food. Email: [email protected]

X

@Anish_Vij

Advert

Advert

Advert

  • Inside 'Britain's tiniest house' that's gone on sale for £235,000
  • Woman who bought £1 house in Italy shares how much it really costs to live there
  • New 100% mortgage deal that doesn’t require a deposit launches in UK tomorrow
  • Man almost lost £2 million house because he wanted to nip out for a pint at the pub

Choose your content:

13 mins ago
29 mins ago
an hour ago
2 hours ago
  • Worlds of Fun
    13 mins ago

    Couple recall ‘terrifying’ moment they were forced to help young girl after rollercoaster 'seatbelt came undone'

    Chris and Cassie Evins heard 'blood-curdling' screams from the seat ride behind them at the Worlds of Fun park in Kansas City on 11 October

    News
  • Getty Stock Images
    29 mins ago

    Doctor explains when to seek medical help about white spots found on private parts

    He recommended that you get them checked out at a certain point

    News
  • BBC
    an hour ago

    Police confirm mass stabbing on train linked to three other incidents days before

    Anthony Williams, 32, has been charged with 10 counts of attempted murder in the wake of the horror incident on Saturday

    News

    breaking

  • ABC News
    2 hours ago

    Mum once called 'Australia's worst female serial killer' slams one piece of evidence used against her

    Kathleen Folbigg said her grief-stricken diary entries were 'weaponised' by prosecutors during her 2003 trial

    News