Bargain terrace could be yours for under $10k

A cheap as chips property in the United Kingdom has hit the market.

Located in Hull and listed on Rightmove, the two-bedroom terrace house could be yours for the unbelievable price of £5,000 ($8,518).

However, the family home is in need of a major renovation with dirty carpet and walls that are crying out for a good lick of white paint.

With a good revamp, the one-bathroom property has potential with it containing a loft room on the second floor that could be converted into an additional bedroom or office.

Two bedrooms are located on the first floor, along with the kitchen and reception room.

An online auction has been scheduled from the 6th to 8th of September, with the property being offered as a freehold.

Freehold in the UK means the buyer owns the home and the land it’s on.