Seaside home on English Riviera could be yours for just £1 - but it does come with a catch
The two-bedroom apartment in Paignton, Devon - aptly named Sea Breeze - is only one minute away from the town's famous sea front.
But whoever snaps up the cheap-as-chips summer bolt hole will have to be willing to accept the home needs a lot of work.
Sea Breeze looks like a building site on the inside and is unfurnished as it has recently been refurbished and is in the final stages of second fix.
It could be transformed into a dream home by the beach if the buyer is happy to get the finishing touches done.
Sean Roper, of South Wales based Paul Fosh Auctions, said: 'This really is an opportunity not to be missed.
'If you're in the market for a seaside bolt hole or holiday let in one of England's red hot holiday spots then this chic apartment could well fit the bill.
'Sea Breeze, on Hyde Road, Paignton, is a ground floor apartment complete with open plan kitchen and living area with two bedrooms and bathroom.
'And if the beach is just a bit too sandy or it's too hot then there is a restful rear garden in which to recline and soak up the summer sunshine in peaceful Paignton.'
He added: 'The property has been recently refurbished and is at final stages of second fix.
'The kitchen is already supplied and in the property. It requires skimming and painting before being ready to enjoy or let out or sell on the open market.
'This a great opportunity for an investor which won't break the bank in terms of expenditure to complete the refurbishment of the apartment.
'As serviced accommodation or as a holiday let, a well-furnished to a high standard apartment the Paignton property could well generate a rent of around £35,000 per annum on a short stay basis.
'If a long term let is considered with the property refurbished to a similar high standard it is going to command a monthly rental in the region of £900- £1,000 p.m.'
Sea Breeze, along with some eighty other lots, is being offered for sale online at Paul Fosh Auctions which starts from 12 noon on Tuesday, July 29 and ends from 5pm on Thursday July 31.
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