Terraced house goes on the market for £0 – but its inside will leave you stunned
A TERRACED house has hit the market for FREE – but buyers may be stunned at what they find inside.
The property steal up for grabs, in New Tredegar, Wales, holds endless potential for those with renovation projects in mind.
As reported by WalesOnline, the home is in dire need of a complete revamp – after being ravaged by a fire.
It’s in a “sorry state of repair”, but for a £0 price tag – auctioneers predict the house will attract plenty of bidders.
Inside there is hoards of room to create a large home, or even transform the space into flats.
Sean Roper from Paul Fosh Auctions said: “The terraced house is in the village of New Tredegar, and comes with sweeping valley views.
“The village benefits from a good range of amenities and shops and is ideally situated for access to Bargoed and Blackwood.”
The property is located a commutable distance away from the M4, as well as Newport and Cardiff.
Merthyr Tydfil, Aberdare and Abergavenny are also accessible.
Sean added: “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 property is welcoming bids online by Paul Fosh Auctions from 12pm on Tuesday, October 1.
Bidding will come to a close on 5pm on Thursday, October 3.
It comes as the UK’s ‘cheapest house’ was also on the market from an unbelievable £0 – but it may be difficult to find the front door.
Homebuyers were excited to find the Welsh property on sale in the village of Dyffryn Cellwen in the Upper Dulais Valley, for such an astonishing price.
The home is located on the outskirts of the beautiful Bannau Brycheiniog national park, with convenient access to the A4109 leading to Swansea.
However prospective buyers had to go “in with their eyes wide open” as the house is definitely considered a ‘fixer upper’, completely overgrown with brambles and foliage.
House-flipping tips
A HOUSE-flipper who has made £45,000 on her latest home has revealed her tips and tricks for renovating on a budget.
Deborah Marshall, 47, has been flipping houses in Yorkshire for eight years alongside her husband Paul, 44.
- Do your homework
- Take a cue from the style of the house
- Steer clear of structural changes, unless they’re essential
- Cheapest isn’t always best for budget
- Don’t compromise on your dream kitchen
- Look out for discounts
- Bundle up your bathroom
- Compare quotes for the specialist jobs
- Stick to the plan
- Keep an eye on knock-on costs
- Decorate from the heart
- Furniture size matters
- Shop smart
- Avoid money pits
- Keep an emergency cash pot
Elsewhere in the UK, an ordinary three-bedroom flat went on the market for £115,000 – but inside it’s like “stepping into Narnia”.
Meanwhile, a man who brought a crumbling castle that was once fit for a king revealed how he bagged a royal’s paradise for just £1.
Martin Higgins, 60, from Brockham in Surrey, bought Betchworth Castle for cheap after the local council refused to restore it.