Inside the £9000 house for sale in Ilkeston

A two-bedroom home just across the Nottinghamshire border is at auction next week with a incredibly low guide price.

The end terrace property at 61 Mill Street, Ilkeston, is going under the hammer for an incredibly low starting price of between £9,000 and £14,000.

Next to the street’s junction with Canal Street, the property is not far from the town centre and is less than a ten minute walk from the train station.

The ground floor features a reception room, dining kitchen, utility room, and a downstairs bathroom.

On the first floor there are the two bedrooms and a landing, while there is a yard area to the rear of the property.

The property has a gas fired central heating system and UPVC double glazing, but most areas are in need of significant improvement and upgrading.

The lot will be up at Bond Wolfe’s auction starting at 9am on Wednesday, October 20, which will be livestreamed on the firm’s website with remote bidding by proxy, telephone or internet only.

Those interested in a property listed must pre-register to bid no later than midday on Tuesday, October 19.

A spokesman for Bond Wolfe explained what causes properties like this one to have such low guide prices.

He said: “The guide prices are always an indication of the reserve price, this being the minimum price the property can sell for. The reserve price is a maximum of 10% higher than the guide price.

“However, the extensive marketing campaign that we put behind our auctions can generate significant interest in a property. This can create competitive bidding, with the property selling for way in excess of the guide price.

“In short, the property will be sold for the maximum price that someone is prepared to pay for it on the auction day. The minimum price will be up to 10% higher than the guide price.”

Check out the gallery below for a look inside 61 Mill Street, Ilkeston, at auction next week for between £9,000 and £14,000: