A flat branded the "cheapest" in Edinburgh has sold at autction for two-and-a-half times its marked price. The buyer managed to snap up the one-bed home on Balfour Street for £74,000 – but, as ever, there's a catch or two to the deal secured by the lucky buyer.
Average house prices in the capital are somewhere in the region of £300,000 - ten times the original £30,000 asking price of the humble abode, according to Rightmove. The city is also one of the most expensive in the UK in which to buy a home, reports Edinburgh Live.
While the flat, which is just a short distance from Leith Walk and 20 minutes from the city centre, is cheap, it also wasn't eligible for a mortgage, meaning only serious cash buyers were considered. And as photos suggest, the property is in dire need of some TLC – and the bathroom is across the hall from the apartment itself.
