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.
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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?
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
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