House set to go to auction with a price guide of $0 as only cash buyers are able to put in bids

The three bed terrace is set to go to auction next week with the opening bid set at $444.

Britain’s cheapest house is set to go on auction with a guide price of £0 – but the inside needs a lot of work.

The terraced three-bed home in Wales is due to go under the hammer in an online bidding war next month.

But due to its current condition, the auctioneer says buyers won’t be able to get a mortgage on it so only cash buyers should bid.

The bathroom needs extensive work. Picture: Wales News Service/Australscope

The kitchen is also run down. Picture: Wales News Service/Australscope

The opening bid is set at a cut-price £250 ($A444), but any buyer will have to splash the cash once they have the keys.

Set in the heart of the Cynon Valley in Wales, its stone front facade has feature bay windows.

Once inside, the kitchen is dilapidated and in need of a full makeover, but has an under stairs cupboard to use as a pantry.

MAKEOVER

An old-fashioned gas fire is next to a basic cooker and oven, with dirty white walls and a floor bare of tiles.

Next to the kitchen, there is a bathroom that requires extensive renovations.

There are two large reception rooms on the ground floor, with another featuring period quarry tiles on the floor.

The house will require thousands of dollars of work. Picture: Wales News Service/Australscope

The kitchen is next to the bathroom. Picture: Wales News Service/Australscope

Wallpaper can be seen peeling from the ceiling in one of the run-down rooms, with old-fashioned decoration throughout the house.

Photos show the filthy hallway and a bare staircase leading towards the first floor.

Upstairs, there are three bedrooms on the first floor, which all require some DIY.

Outside, the overgrown garden is in need of a strimmer, with weeds and bushes running wild.

But there is a courtyard to enjoy the summer sun once the house gets a spruce up.

The online auction by Paul Fosh Auctions in Newport starts on March 16.

The garden is overrun with shrubs and bushes. Picture: Wales News Service/Australscope

The roof looks to be barely holding on. Picture: Wales News Service/Australscope

Ryan Saunders, who is handling the sale, said: “The reason for the low guide price is that the property is leasehold and has a relatively short time left on the lease.

“The lease for the property is due to expire in 2054. The new owner may wish to seek to extend the lease or to negotiate to buy the freehold of the property.

“There has already been strong interest in the property which I expect to continue on through to the sale next month.”

This article originally appeared on The Sun and was reproduced with permission