House-hunters rejoice, as a stunning Grade II listed cottage is up for auction for as little as £45,000 - but there's a reason the historic property is being flogged for so little The historic property will go up for auction later this month (Image: SDL Property Auctions)

House-hunters are rejoicing as a historic cottage will soon be up for auction, starting with a price tag of just £45,000. The Grade II listed property , which sits on a fishing lake in Gloucester, boasts two bedrooms and 'outstanding' potential. ‌

But anyone wanting to make the detached School Lodge on Matson Lane home will have to pour quite a lot of money and time into the building . According to auctioneers, it is in need of a full renovation - which may explain its unusually low asking price. ‌

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