WINNING BID
Three-bed seaside home in Scotland worth £185k sold for just £45k after £1 auction
by Paul DruryA three-bedroom house on offer for just £1 sold at auction for slightly more than that yesterday – going under the hammer for £45,000.
Auction House Scotland said a Scottish buyer had snapped up the house in Creetown, Dumfries and Galloway following an online auction.
Last year, surveyors placed a valuation of £185,000 on the much-loved family home.
But due to fire last year, the property was damaged to such an extent that a saleroom starting price of just £1 was agreed.
There was damage to the rear of the property and National Property Auctions believe that legal advice should be taken before bidding.
But photographs released by the auction house do not show a destroyed property or an interior that could not be rectified without huge expense.
The kitchen, bathroom and utility room have have been gutted but photographs appear to show only smoke damage in other rooms.
Speaking before the auction National Property Auctions, Managing Director, Mandi Cooper said:“This property was a once very much-loved family home, and could be that again.
“This property has a Guide Price of £1 and there is no reserve price on this property.
“Online auction is proving to be a very successful way of selling property, land and commercial assets online and allowing buyers from all over the world to get involved without having to be present in an auction room.”