Money

Britain’s cheapest house with 7 rooms, sweeping valley views & garden goes on sale for £0 – but comes with a ‘challenge’ --[Reported by Umva mag]

A THREE-storey house could be sold for as little as £0 – but there’s a catch. The property in Gwent, Wales comes with a serious challenge for whoever buys it – as it was severely damaged in a fire. WNSThe house in Wales has been put up for auction with no reserve price[/caption] WNSIt has ten to eleven rooms in total[/caption] WNSBut the property was severely damaged in a fire[/caption] WNSIt has been described as in a “sorry state of repair”[/caption] It has been described by the auction house, Paul Fosh Auctions, as in a “sorry state of repair”, but “offering huge potential”. Employee Sean Roper continued: “Once done up this building, with sweeping valleys views, could make an ideal large family home or, subject to planning, could be split into flats or be made into HMO. “Although severely damaged in the fire and now partially stripped out, the building, which is being sold with vacant possession, appears to offer three rooms on the ground floor. “There are a further four rooms on the first floor with three to four rooms on the lower ground floor with a bathroom area. “The property has a rear garden and is served with a lane access. “Listed with a £nil reserve this large property with huge potential could end up being sold at auction for a matter of just a few hundred pounds depending on interest and a developer’s appetite for the challenge.” The auction listing also says that the property, located in the village of New Tredegar, has access to a “good range of amenities and shops” and is conveniently situated between local towns Bargoed and Blackwood. Bidding starts from noon on Tuesday, October 1 and ends at 5pm on Thursday, October 3. The rare listing comes after another property was put on sale for just £4000. The terraced two-bed near Newcastle was quickly dubbed Britain’s “cheapest house”. Meanwhile, it was revealed that home-owner hopefuls could buy their first house with a deposit as little as £3000. British home hits the market for just £1 A cottage has hit the market for just £1 - but it comes with a jaw dropping twist What is it? A cosy, one-bed cottage with one bedroom, one bathroom, a kitchen, a living room and a garden Where is it? Five miles from Durham Railway Station Why is it so cheap? The property is in dire need of a renovation – with boarded up windows and piles of weeds and junk furniture What will it sell for? Despite hitting the market for £1, the house immediately attracted numerous bidders Its current highest bid is £16,250 WNSThe house is located in the village of New Tredegar, Gwent[/caption] WNSIt has a rear garden with lane access[/caption] WNSThe interior has been stripped[/caption]

Sep 19, 2024 - 18:23

Britain’s cheapest house with 7 rooms, sweeping valley views & garden goes on sale for £0 – but comes with a ‘challenge’ --[Reported by Umva mag]

A THREE-storey house could be sold for as little as £0 – but there’s a catch.

The property in Gwent, Wales comes with a serious challenge for whoever buys it – as it was severely damaged in a fire.

a white van is parked in front of a brick building

The house in Wales has been put up for auction with no reserve price[/caption]

a building with a satellite dish on the side of it

It has ten to eleven rooms in total[/caption]

a couch is laying on the floor in an abandoned room

But the property was severely damaged in a fire[/caption]

a room with a lot of rubble and a brick wall

It has been described as in a “sorry state of repair”[/caption]

It has been described by the auction house, Paul Fosh Auctions, as in a “sorry state of repair”, but “offering huge potential”.

Employee Sean Roper continued: “Once done up this building, with sweeping valleys views, could make an ideal large family home or, subject to planning, could be split into flats or be made into HMO.

“Although severely damaged in the fire and now partially stripped out, the building, which is being sold with vacant possession, appears to offer three rooms on the ground floor.

“There are a further four rooms on the first floor with three to four rooms on the lower ground floor with a bathroom area.

“The property has a rear garden and is served with a lane access.

“Listed with a £nil reserve this large property with huge potential could end up being sold at auction for a matter of just a few hundred pounds depending on interest and a developer’s appetite for the challenge.”

The auction listing also says that the property, located in the village of New Tredegar, has access to a “good range of amenities and shops” and is conveniently situated between local towns Bargoed and Blackwood.

Bidding starts from noon on Tuesday, October 1 and ends at 5pm on Thursday, October 3.

The rare listing comes after another property was put on sale for just £4000.

The terraced two-bed near Newcastle was quickly dubbed Britain’s “cheapest house”.

Meanwhile, it was revealed that home-owner hopefuls could buy their first house with a deposit as little as £3000.

British home hits the market for just £1

A cottage has hit the market for just £1 - but it comes with a jaw dropping twist

What is it?

A cosy, one-bed cottage with one bedroom, one bathroom, a kitchen, a living room and a garden

Where is it?

Five miles from Durham Railway Station

Why is it so cheap?

The property is in dire need of a renovation – with boarded up windows and piles of weeds and junk furniture

What will it sell for?

Despite hitting the market for £1, the house immediately attracted numerous bidders
Its current highest bid is £16,250

a row of houses with a mountain in the background

The house is located in the village of New Tredegar, Gwent[/caption]

a yellow bucket sits on the ground in front of a house

It has a rear garden with lane access[/caption]

an empty room with peeling paint and a window

The interior has been stripped[/caption]

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