The price fetched for 29 Church Street in Ferryhill Station, England, during the auction Wednesday at Hardwick Hall in Sedgefield, England, was $2,784 less than the price of a Burnley, England, home that was previously thought to be the lowest-priced house in Britain, The Guardian reported Thursday.
The man who placed the winning bid said he was acting on behalf of a young family with the necessary funds to fix up the property.
Sandy Hodges, 52, whose son previously lived in the house, said it has problems including a lack of ceilings, a "destroyed" kitchen and constant rattling from passing trains.
The house previously failed to sell in an online auction when the $797 high bid didn't reach the reserve price.
Ohio bar shooting arrested, charged with murder
McPhee, Cokas 'working on their marriage' after affair