Fire-damaged house is a hit
A FIRE-RAVAGED house became a hot property when it sold for four times its expected price at a lockdown auction.
Potential buyers were banned from looking inside – but it attracted 99 bids.
A FIRE-RAVAGED house became a hot property when it sold for four times its expected price at a lockdown auction.
The three-storey house was so badly damaged that potential buyers were banned from looking inside – but it attracted 99 bids.
House-hunters were warned that even the auctioneers had not been inside the ultimate fixerupper because it was unsafe. The guide price for the three-bedroom home in Aberdare was just £8,000.
But it sold for £35,250 when the bids flooded in during the online Paul Fosh Auction.
Auctioneer Paul Fosh said: “The property was the first in the catalogue for our online sale and really set the scene for the rest of the auction. The auction really took off, to coin a phrase, like a house on fire.
“We weren’t able to access inside the firedamaged property as it was too dangerous structurally.
“Despite this and only having the fire-damaged exterior on which to make a judgement, bidding for the terraced house was intense.
“We believe the property has a lower ground floor kitchen, a lounge on the ground floor and three bedrooms on the first.
There is hard standing and garden to the rear with views over the nearby valley.
“It’ll give whoever has bought it something to think about during lockdown and I would think, a great project to work on once things get back to normal post-pandemic.”