An inaccessible two-bedroom end-terrace house in Plains, Airdrie drew a flurry of competitive bids at our livestream auction on Tuesday 16th September – despite no one having seen inside.
With no internal access for viewings and no Home Report due to the property being uninhabitable, bidders relied solely on external photographs and their own instincts. The property, which clearly requires a full refurbishment, still sparked huge interest from investors looking for their next project.
Bidding started at £40,000 and quickly climbed to £66,000 where it almost sold, but a keen bidder swooped in at the end and the hammer ultimately fell at £68,000 - 70% higher than the starting bid, highlighting the growing appetite for renovation projects across Scotland.
Although internal images weren’t available, the house comprises a lounge, kitchen, two bedrooms and a bathroom, with the added benefit of off-street parking and garden areas. Similar refurbished homes in the area have sold for over £100,000, with landlords able to command approximately £600 per month in rent – making it an attractive proposition for builders and investors.
“This sale demonstrates that the market for renovation opportunities is thriving,” said Auctioneer John Loudon from Auction House Scotland. “Even without internal access, buyers recognise the potential of properties like this to add value and generate strong returns.”