A SEVERELY fire damaged South Wales valleys terraced house on offer for £nil made more than £50,000 at auction.
Despite the substantial three storey building being in a very sorry state of repair this did not put off potential buyers ahead of and during the Paul Fosh Auctions online sale
Sean Roper, of South Wales based Paul Fosh Auctions said interest ahead of the auction had been red hot with news of £0 reserve sale spreading across the globe.
Sean said: “The state of the house and the price really seemed to grab people’s imagination. We had interest in the lot from all over the place and bids placed as soon as the auction went live.
“The presale interest was converted to online bids with a total of 15 individuals lodging a staggering 136 bids in an effort to land the challenging property.
“In the end the property went for £50,250. Once done up this building, with its 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 partially stripped out, the building, which was 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.
“The terraced house, at 7, Jubilee Road, is in the village of New Tredegar, Gwent. New Tredegar benefits from a good range of amenities and shops and is ideally situated for access to Bargoed and Blackwood.”
The terraced house, along with some ninety others, was sold online by Paul Fosh Auctions as part of its October sale.
for more information, visit the Paul Fosh Auctions website.
