Property for sale: ‘Stunning’ starter home on Zoopla for just £52k – why is it so cheap?

A property for sale may catch the eye of a number of those looking to buy thanks to its low price.

The home is a pretty three bed house situated at the end of a terrace and has been listed by Open House Nationwide.

Having just been added to Zoopla, the home has been put up for sale with a price of £52,000.

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Article Here: https://www.express.co.uk/life-style/property/1163916/property-for-sale-cheap-house-zoopla-Leicester

So why is this home, on Sansome Drive, Hinckley, listed at a far, far cheaper price?

The enthusiastic listing reads: “Starter homes don’t come much better than this!

“A stunning three bedroom end-terraced property located on Sansome Drive. Briefly comprising a large entrance hall, breakfast kitchen, WC, lounge, three bedrooms and a family bathroom.”

The listing goes on to describe the pretty home has being in a location near lots of outdoor space.

It read: “Tastefully decorated throughout with a low maintenance rear garden, and allocated parking for two vehicles.

“There are plenty of green spaces around Sansome Drive, and the canal is only a short walk away.”

The kitchen has cream units seated and roll edged work surfaces.

Exterior of the house

Property for sale: Pretty three bed house situated at the end of a terrace (Image: ZOOPLA)

There is a stainless steel sink with drainer, integrated electric oven and gas hob, and space for a fridge freezer, slim line dishwasher and fridge freezer.

A closer look at the listing reveals exactly why the price listed is so low, as a quarter of the property is up for grabs. However, the whole thing could be bought.

“Offered for sale is a 25 per cent share of this property, however up to 100 per cent can be purchased.

“Should 100 per cent of the property be purchased, it would then become freehold.”

Those who pay the £52,000 fee will also pay a monthly rent..

“At 25 per cent, we have been advised that the rent is currently £326.05 per month, with a service charge of £40.67. This data is current as at 9th August 2019,” the listing reads.

“Any potential purchaser needs to be approved by the Help To Buy Agent for shared ownership.”

A property for sale in a ‘sought after location’ on Zoopla has been listed for £44k.

This may shock many, as the home is a relatively new build with a well-maintained and modern interior. The home is on Darwin Drive in Lancashire and has been listed by estate agents Ben Rose.

The listing claims the semi-detached home with a large driveway is perfect for first time buyers.