A spacious two bed property is selling for just £20,000 - this is the reason ...

Buying a house is a huge investment for anyone and not something which can be entered into lightly. Cheap properties are hard to come by which is why a property in Peterlee, County Durham, is sure to have turned heads. The spacious home has two bedrooms and has gone on sale for a tiny £20,000. The property was recently listed on Zoopla, but why is it so cheap? What’s the catch?

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The recently refurbished accommodation comprises of a lounge, dining kitchen, rear courtyard and double glazing.

Property listing

The terrace house boasts a good location as it is near local schools, shops, a park and a railway station.

When buying a place, a good high street is important to many Brits which makes this property even more appealing. 

On the ground floor, potential buyers will find a spacious lounge and a kitchen diner.

There is a large master bedroom on the first floor, as well as a family bathroom and second bedroom.

It also has a fully fitted kitchen and bathroom and double glazing throughout the property.

Property for sale: Cheap County Durham homeProperty for sale: The terrace house boasts a good location as it is near local schools and a park (Image: ZOOPLA)

Property for sale: Bathroom County Durham homeProperty for sale: It has a fully fitted kitchen and bathroom and double glazing in the house (Image: ZOOPLA)

The listing said: “The recently refurbished accommodation comprises of a

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