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Inside ‘Fife’s cheapest home’ going to auction for just £30k

The two-bedroom property in Methil is for sale at 40% below its home report value.

The first-floor flat is on Wellesley Road in Methil. Image: Auction House Scotland
The first-floor flat is on Wellesley Road in Methil. Image: Auction House Scotland

A flat thought to be the cheapest home currently for sale in Fife could be snapped up for as little as £30,000.

The two-bedroom property on Wellesley Road in Methil is going up for auction next month.

With a starting bid of starting bid of £30,000, it is being offered for sale at a guide price 40% below its home report value.

Auction House Scotland says it is the cheapest two-bedroom home for sale in Fife, according to Rightmove.

The Wellesley Road  flat will go up for auction next month. Image: Auction House Scotland
The living area. Image: Auction House Scotland

A spokesperson for Auction House Scotland said: “Located in the Swan View building, which was formerly a hotel before being converted to flats, the property consists of an entrance hallway, open-plan lounge, two double bedrooms and a bathroom.

“It also benefits from a new boiler, neutral decoration throughout and private parking.

The flat has a modern kitchen. Image: Auction House Scotland
The flat’s bathroom. Image: Auction House Scotland

“The coastal town of Methil offers easy access to the surrounding towns of Glenrothes, Kirkcaldy and Cupar, whilst the flat itself is well-placed for access to the town centre of neighbouring Leven.

“Leven’s scenic sandy beach is just two miles away.”

The two-bedroom flat is in a former hotel. Image: Auction House Scotland
A view on to Wellesley Road in Methil. Image: Auction House Scotland

The flat will be open to bids at Auction House Scotland’s in-room auction at 2pm on  July 20 at the Radisson Red hotel in Glasgow.

A live stream will allow potential buyers to watch proceedings online, while telephone and proxy bidding is also available.

Auction House advises all bidders are required to register to bid before participating.

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