Seaside cottage going under the hammer for £1 ‘could be the ultimate fixer-upper’

A seaside stone cottage with huge potential is about to hit the market for just £1 – and it’s a fixer-upper’s dream.

The quaint property sits just a three-minute walk from the shoreline in Caernarfon, North Wales.

It is less than half-a-mile from a beautiful historic castle and it is about to go under the hammer at auction.

Although it clearly needs a lot of work, the estate agents say it could be converted it to a studio or bungalow

Buyers could take on the challenge of the renovation using just loose change in their pocket as it is up for auction with a £1 starting bid.

The home in the royal Welsh town was once lived in as a bungalow before being use for storage.

It now needs a total makeover to become a dream seaside cottage in the heart of the holiday town.

The area sits on the eastern shore of the Menai Strait and is opposite the Isle of Anglesey.

It is just eight miles from the city of Bangor and also boasts stunning walks in nearby Snowdonia National Park.

A spokesman for estate agents Doorsteps said: “This is up for sale on our online auction and the starting bid is £1.

“It is a beautiful stone property and has previously been used as a bungalow but later became storage.

“There is the potential to convert it to a studio or bungalow again, subject to planning permission being secured.”

It is financially a world away from a wood cabin that has just gone on sale in Cornwall for an eye-watering £400,000.

It may only be a holiday home but it boasts ‘the best views in Cornwall’, nestled among the trees above Porthkidney Sands beach in Carbis Bay.

But to get your hands on it you need to be a cash buyer – and you can’t use it as a main residence.