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A hat-trick of Cumbrian homes with the astonishing guide price* tag of just £10,000 apiece are set to be major draws at Bond Wolfe Auctions’ upcoming auction on Wednesday 17 February.

Often in need of some TLC and DIY skills, these bargain properties are likely to attract both young families on a budget looking for a first home and property investors with an eye on a good deal for their rental portfolio.

All three are two bedroom mid-terraced houses. The property at 5 Queen Street in Cleator Moor – a small town at the edge of the Lake District – has a reception room and kitchen downstairs, two bedrooms and a shower room with WC upstairs and a rear yard outside.

It comes with gas fired central heating and UPVC double glazing. It has a guide price* of £10,000+, reflecting the modernisation work needed.

The same can be said for two homes in Workington with the same price tag: 33 Blackburn Street and 46 Main Street, Distington. The Blackburn Street house has a reception room, kitchen and bathroom with WC on the ground floor and two bedrooms upstairs. The Distington property is laid out with a reception room and kitchen downstairs and the bathroom upstairs with the two bedrooms. Both houses stand flush to the pavement and have rear yards.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “These kinds of properties offer young house hunters the chance of a highly affordable home to get their feet on the property ladder. But they will be up against stiff bidding competition on the day, as many investors are only too aware of the potential value of such a home, particularly in terms of future rental income.

“Our February auction has attracted a record number of lots – 232 in total – and we have some particular bargains from across Cumbria.”

A three bedroom mid terraced house at 55 Fell View, in the historic market town of Wigton, which has gardens front and back. Downstairs there is a through-reception room, dining area, kitchen and WC, with the three bedrooms and bathroom with WC upstairs. It has gas fired central heating fitted and UPVC double glazing and is listed with a guide price of just £30,000+.

Over on the coast, at Maryport, the three bedroom mid terraced house at 56 Ennerdale Road, has a guide price of only £20,000+ for a double fronted property with two reception rooms and a dining kitchen downstairs and three bedrooms and a bathroom with WC upstairs. It has gardens, gas fired central heating and UPVC double glazing but does need modernisation.

Mr Bassi of Bond Wolfe Auctions added: “Once again we have a wide range of properties across Cumbria with attractive guide prices, which means there will be something for everybody.”

The lots described are among a record-breaking total of 232 lots that will go under the hammer at Bond Wolfe Auctions’ auction which starts earlier than usual at 8.30am on 17 February.

The auction will be livestreamed via Bond Wolfe Auctions’ website with remote bidding by proxy, telephone or internet only, to register to bid click here

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