2 months ago
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Paul Fosh Auctions
The spot successful New Tredegar looks tally down from the outside, but the existent scope tin lone beryllium seen wrong
A terraced location overlooking the Welsh valleys is going up for auction with a £0 usher price, but the renovations needed whitethorn trial adjacent the astir experienced of builders.
The three-bedroom location successful New Tredegar, Caerphilly county, has important occurrence harm and has been described by the auctioneer arsenic being successful a "sorry state".
The spot has nary reserve terms which means that it is connected the marketplace for £0 until idiosyncratic bids connected it.
But Martin Roberts from BBC One's Homes Under the Hammer has warned that the usher terms is "nothing much than a selling ploy".
Paul Fosh Auctions
Inside determination is rubble from the ceiling passim the house
The three-storey terrace connected Jubilee Road is definite to crook heads for bidders looking for a bargain.
But Roberts said: "It is not going to ever merchantability for nothing, truthful you person to beryllium truly careful.
"The information with thing similar this is that it is going to outgo you £100,000, for example, to renovate it.
"Then aft each of that it is lone worthy £85,000 due to the fact that you tin bargain different 1 adjacent doorway for £80,000.
"It is not going to beryllium a bargain if you can’t bash it up for little than what it is erstwhile it is done up, it is truly important that you don’t commencement this travel without being definite of the outcome."
Paul Fosh Auctions
Martin Roberts said fixing the location could instrumentality up to a twelvemonth if done without a team
Newport-based Paul Fosh Auctions, which is selling the property, spoke of the adjacent "sweeping valleys views" but besides pointed retired the location was "severely damaged successful the fire".
Sean Roper, of Paul Fosh, added: "This ample spot with immense imaginable could extremity up being sold astatine auction for a substance of conscionable a fewer 100 pounds, depending connected involvement and a developer’s appetite for the challenge."
The location has 3 rooms connected the crushed floor, 4 rooms connected the archetypal level and a further 3 to 4 rooms connected the little crushed floor.
According to Rightmove, the mean spot connected Jubilee Road has been sold for £83,000 implicit the past year.
Bidding volition statesman connected 1 October astatine noon and ends connected 5 October.
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