An unsafe property in Balmedie offers a unique chance for restoration enthusiasts.
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Abandoned Balmedie home to be auctioned with starting bids at £25,000
An intriguing opportunity has arisen in Balmedie, Aberdeenshire, where an abandoned two-bedroom semi-detached house is set to go under the hammer. With bids starting at a mere £25,000, this property presents a unique chance for those with a vision for restoration.
The auction is scheduled for March 27, and interested buyers are encouraged to act quickly.
Property details and condition
The property, located at 13 Holdings, is conveniently situated just a stone’s throw from the A90 and a short distance from the charming village center.
However, it has been classified as an “unsafe property,” with the sellers warning that its current state poses a serious risk to health and safety. Prospective buyers should be prepared to undertake a comprehensive renovation to restore the house to its former glory.
Photographs of the premises reveal a building in significant disrepair, with shattered windows and deteriorating walls. Despite these challenges, the layout includes an entrance hallway, a lounge, and a kitchen on the ground floor, while the first floor features a bedroom with a dormer window. For those willing to invest time and resources, this property could transform into a beautiful home or serviced accommodation.
Potential for restoration
While the current condition of the property may deter some, it also offers a blank canvas for creative restoration. The overgrown garden, which currently obscures the windows, could be revitalized into a charming outdoor space. The council tax band for the property is expected to be grade C, which may influence the overall investment required for renovation.
According to Auction House Scotland, the property requires a full program of works to become habitable. However, once completed, it could serve as a delightful residence or a lucrative rental opportunity. The auction house emphasizes the importance of early expressions of interest to avoid missing out on this unique opportunity.
Additional auction opportunities
In addition to the Balmedie home, another property is set to be auctioned on the same date. A derelict rural farm located in Urquhart, just five miles east of Elgin, is listed for £99,000. This former steading includes two detached five-bedroom houses situated on 1.4 acres of land, featuring spacious open-plan living areas and excellent storage space.
Both properties present exciting prospects for buyers looking to invest in real estate with potential for significant returns. Whether it’s the Balmedie home or the Urquhart farm, these auctions are not to be missed by those seeking renovation projects or investment opportunities in the Aberdeenshire region.
