A three bed semi-detached house for sale in Darlington has been listed on Zoopla for just £5,000. This is hundreds of thousands of pounds cheaper than the average house price.
The average estimated value of a house in the same postcode is £126,092.
How can this, or any home in the UK, be listed for just £5,000? The property is described as “an attractive, deceptively spacious home located at the entrance to a quiet cul-de-sac, this rapidly maturing development is only ten years old.
“The property has been built to a high specification. Gas central heating, UPVC glazing.
“There is a large driveway allowing off-road parking for several vehicles at the front, and a rear garden.”
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As for the local area, the listing claims: “Darlington is a diverse and historically significant Town surrounded by rural Co. Durham, being ideally placed for access to the surrounding market towns like Barnard Castle and Richmond.
“Providing a broad range of shopping, recreational and educational facilities and there are links with the major commercial centres of the North East via the A68, A66 and A1M.
“Bishop Auckland & Darlington Mainline Railway Stations and Durham Tees Valley International Airport provide further easy national and international connection.”
So, why is the property listed at £5,000 and why don’t you need a mortgage?
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According to Zoopla, the average cost of a house in Sutton-on-Trent stood at £278,649 in November 2019.
So, why is this home, listed by NCHA Sales, so cheap in comparison?
The listing reveals the kitchen has an integrated oven and hob, an extractor hood and vinyl flooring.
Upstairs is a bathroom with a white bath suite and a shower.