It’s no secret that buying property is a pipe dream for many of us these days. But maybe this could be your chance: a Grade II-listed cottage just north of Birmingham is up for auction with a starting price of just £1.
Built in the 1530s by a bishop and adviser to Henry VIII, the stone house was originally intended to be a servants’ quarter. It was later renamed High Heath Cottage, and now features three bedrooms, a spiral staircase and a wood burner in the living room.
While it could technically be bought for as little as £1, you should bear in mind that the property is in pretty poor nick, so you’d probably need to spend a lot on repair work. The buyer would also need to pay an administration fee of £1,680, as well as stamp duty.
Still, it’s quite the steal, provided other auction attendees don’t push the value up to sky-high prices. Interested parties can register online for the auction, which takes place on Wednesday December 14.
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