£25,000 Minimum Bid for House with Cannabis Farm Legacy – Tyne and Wear’s Surprising Listing

£25,000 Minimum Bid for House with Cannabis Farm Legacy – Tyne and Wear’s Surprising Listing

Introduction:

A unique property opportunity arises in Tyne and Wear, Sunderland, as a two-bedroom mid-terraced house with a storied history hits the auction block at a tempting £25,000.

Formerly part of a £50,000 cannabis farm, the house requires a complete refurbishment and offers an intriguing prospect for potential buyers.

Interior Snapshot:

Pictures from the property’s interior reveal a scene reminiscent of its illicit past. Abandoned plant pots, white plastic sheets covering floors and walls, and dangling cables, likely remnants of the cannabis farm’s grow lights, paint a vivid picture.

The house, listed for auction, beckons those seeking both a project and a bargain.

Police Raid and Cannabis Farm History:

The house, once subjected to a police raid, saw the dismantling of a cannabis farm, yielding illegal drugs worth £50,000.

The property now stands as a testament to its checkered past, with empty plant pots serving as the only reminder of the illicit cultivation that took place within its walls.

Three men and a woman were arrested in connection with the cannabis farm last year.

Refurbishment Needs and Exterior Features:

The listing emphasizes the necessity for a comprehensive refurbishment, showcasing the property’s rear yard filled with accumulated rubbish.

Interior images capture a kitchen equipped with basic appliances, a bathroom in need of attention, and an attic space strewn with bags and discarded electronics. Despite its history, the exterior blends seamlessly with neighboring homes.

Police Seizures and Safety Measures:

During the police operation, £17,000 of suspected criminal cash, four cars, and a BB gun were seized from the property.

The police noted that the electricity had been bypassed, but subsequent safety measures have been implemented to secure the site.

Auction Details and Perspective:

Set to go under the hammer at Landwood Property Auctions on March 6, the house presents a unique opportunity for potential buyers.

Kate Lay, Partner at Landwood Property Auctions, addresses the property’s unconventional history, emphasizing the transparency provided in their listings.

The auctioneers work closely with LPA Receivers to recover funds and provide positive solutions for the community.

Conclusion:

As bids are expected to commence at £25,000, the article concludes by posing the question: is this property a hidden gem awaiting transformation, or does its history present a daunting renovation challenge?

The auction, scheduled for March 6, will unveil whether buyers see potential or pass on the opportunity.

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Read Related News On TDPel Media

Advertisement
Advertisement: Download Vital Signs App (VS App)