A two-bedroom flat in Liverpool’s Croxteth area is listed for just £10,000, but prospective buyers might want to take a closer look before getting too excited.
The affordable price tag reflects the extensive renovations needed to make the property habitable, as shown in photos that reveal its stripped-down condition.
From the outside, the ground-floor maisonette appears fairly typical, but inside, it tells a different story.
READ MORE: One-bed flat for sale at £55K mocked as tenant sleeps inside – and refuses to move out
One room features large stains on the floor, random splashes of black paint on the walls, and windows covered in metal, blocking out natural light.
Under the staircase, a damaged wall exposes wooden framing, while the kitchen walls are littered with dark patches and marked with ‘DO NOT USE’ stickers.
Upstairs, the bedrooms are also in poor shape, with walls visibly damaged and exposed electrical cables hanging loosely.
Windows throughout are boarded up, except in the bathroom, which itself is in disrepair, according to Luxury Property News.
Despite its condition, the flat may appeal to buyers looking to sidestep the new stamp duty increases.
First-time buyers will face stamp duty on properties over £300,000 from next April, while other buyers will see a threshold of £125,000, making this £10,000 home a rare find well below these limits.
Additionally, the property could attract investors willing to put in the work, as the listing agent estimates a potential rental income of £800 per month after renovation.
The flat will go up for auction with Auction House South Yorkshire on November 18, with an initial guide price of £10,000.
READ MORE: Inside creepy asylum once used as a location for Shutter Island
