'Glynn Park' in Carrickfergus is set to go under the hammer in a property auction – with a reserve price of just £100,000.
The 10,000 sq ft property, which sits on an elevated site on Prince Andrew Way, is just one of a host of lots to be sold to the highest bidder by BRG Gibson Auctions at the Stormont Hotel in Belfast tomorrow.
And with its price slashed to a tenth of what it once was, it is likely to attract significant interest from bidders. Glynn Park is described as "one of the most important houses in the Carrickfergus area" but is in need of extensive modernisation.
Set over two floors, it has seven bedrooms, an indoor swimming pool, two cellars, a driveway and views over Belfast Lough.
The mansion is one of 80 properties to be auctioned off at 7.30pm tomorrow. With prices slashed by 85%, many of the addresses are expected to be snapped up by canny house-hunters and investors.
There are also houses with guide prices from £3,000.
Another stand-out lot is a one-bedroom apartment at St John's Wharf Belfast. The former £250,000 home, which overlooks the River Lagan, is going for around £50,000. Meanwhile, The Lusky Mill House in Comber – a painstakingly restored original stone property – is going for as little as £100,000. Only a short time ago this property changed hands for £600,000.
The big win is for first-time buyers. A luxury apartment in Bridge St, Portadown, could fetch £15,000. There are some 20 properties on offer, for less than the cost of a second-hand VW Golf.
Such is the appeal that the BRG Auctions team has held hundreds of viewings.
Nicholas Gibson, chief auctioneer of BRG Auctions Belfast and Dublin, is eager to get going with the 'Sale of the Century'.
He said: "Auctions are the new barometer for the housing market in Northern Ireland and people feel they can get real value for money in the process. It's win win for everyone."
For more, see www.brggibson auctions.com. Catalogues are available from BRG Gibson in Holywood, tel 028 9039 3966.
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