This could be yours if you have some Bitcoin lying around (Picture: Cascade News)

Bitcoin is on the rise – and the digital currency could be making a move into the property market.

That’s because bold developers are hoping to sell a house in Britain for Bitcoin for the first time.

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The brand new four-bedroom house in Colchester, Essex, is on the market for either £375,000 or 82.55 Bitcoin.

At the current exchange rate, that is equivalent to £350,000 – meaning prospective buyers make a slight saving if they pay with the virtual currency.


Ed Casson, group sales director at Go Homes, said: ‘Selling homes for Bitcoin will become common in the next five years,” said group sales director Ed Casson.

The volatile currency is currently experiencing a boom (Picture: Getty)

‘We’re offering someone the opportunity to pay for a new home with Bitcoin. Maybe it’ll be somebody who took a chance when Bitcoin were launched and now want to cash them in.



‘We’re offering one of our new homes on a development site just outside of Colchester, giving someone the opportunity to trade Bitcoin for bricks and mortar – another popular asset.’

The detached home is part of a new development at Elmstead Green in the town.

But it may not be the first to be sold in Britain for Bitcoin, as entrepreneur Daniel Roy has said he will accept the currency for his £1.65 million townhouse in south-east London.

The home in the new development could be the first bought with Bitcoin (Picture: Cascade News)

Since it was established in 2009, Bitcoin has become established and is accepted by some restaurants and shops.

It allows owners to pay without transaction fees or needing to use banks – and with anonymity.

However, it is infamously volatile, and though investors’ Bitcoins are now worth 500 times their original value, trading has been unpredictable.

A single Bitcoin is worth £4,240 but was as low as £667 in January, and stood at £3,771 on September 1 but fell to £2,472 within two weeks.