Two-bedroom house set to go under hammer with guide price of just £10,000

The mid-terrace home, in Trimdon Station, is among 80 lots set to go under the hammer in a Leeds next week.

The vacant property is based on St Aidan's Terrace.

The auction will be held at Leeds United Football Club's Elland Road on February 23, and has been organised by property auction company Pugh.

Pugh managing director Paul Thompson said: “A staggering £4.7billion of property was sold last year at auctions nationwide, and we expect to see that strong demand for property in the auction room continue to grow with positive economic forecasts supported by stable interest rates and inflation.

"The renewed commitment to the Northern Powerhouse means that we are seeing investors attracted to the north, fuelled by lower capital values, good rental demand and large scale investment in infrastructure and the regional economy.

"We sell over 80% of our auction lots on the day, a clear sign that investors remain positive and see good returns from property and land purchases.”

Also involved in the auction are a number of other residential properties in the North East.

That includes a two-bedroom terraced house in Coundon, which has a guide price of £20,000.

A nearby tenanted two-bedroom property will also go under the hammer, with a guide price of £15,000 and rental income of £3,900 a year.

Other notable lots include the old Gardeners Arms pub, in Bradford.

The grade II listed building was destroyed by fire in 2014, and the two-storey property is in need of complete refurbishment. It has a guide price of £55,000.

Also up for auction is the site of the former Railway Hotel in Gilberdyke, near Brough in East Yorkshire.

It is located close to Gilberdyke train station, which has planning consent to build 29 two and three-bedroomed terraced, detached and semi-detached homes. The guide price for the site is set at £350,000.

Last year, Pugh sold £100million of property at auction.

The latest one will take place in the Gary Speed Suite at Elland Road at 12pm on February 23.

The full catalogue is available to view at www.pugh-auctions.com.