Is this the cheapest home in the UK? It could be yours for just £1

If you’re looking for a restoration project, struggling to get on the property ladder, or just want to scoop a bargain – a three-bedroom home in Bradford is going to auction with no reserve price – and the bidding will start from £1.

There's no doubt taking it on will be a monumental challenge but, despite the extensive damage caused by a fire in 2015, it is still worth saving, according to Bury-based house buying firm Property Saviour which owns it.

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Located on Edlington Close near local shops and amenities, the property is obviously in need of a major refurbishment. However, for those looking for a new year renovation project – it could be a goldmine.

Property Saviour's senior property buyer Saddat Abid said: “We initially wanted to restore the damaged property ourselves as we saw a lot of potential.

“However after being let down by builders over the last few months, we decided to give somebody else the chance to buy it. This could be a great investment for somebody looking for a new project.

“We’ve made sure the internal rubbish from the fire damage has been removed. This means that you can either get stuck in straight away or do it up as you go along.

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This is a rare opportunity and perfect for a homeowner who wants to end up a with a mortgage-free affordable home.”

Because of its current condition, there will be no council tax to pay on the property, meaning potential owners could save while they renovate.Properties on the same street have an average value of £67,000 according to Rightmove, so with some hard work and dedication, the winning bidder could rake thousands in profit.

The £1 auction takes place on December, 12, 2018, and is being marketed by Auction House, West Yorkshire.

It kicks off at 2pm at Norman Hunter Banqueting Suite, Elland Road Stadium, Leeds, LS11 0ES.