THIS HAS TO BE WALES’ CHEAPEST HOUSE...
Terraced property up for auction with a guide price of zero!
THIS traditional terraced house can rightly claim to be the cheapest house for sale in Wales – as an auction house has just listed it with a guide price of £0.
The property, soon to be launched as an online auction lot with its eye-catching zero pounds guide price, is a bay-fronted, mid-terrace house located on Brynmair Road in Aberdare.
So, what do you get for your money with a house with such a non-existent guide price?
Well, the stone front facade with feature bay window is a traditional welcome, and inside there are two large reception rooms on the ground floor, along with a kitchen and ground-floor bathroom.
Upstairs there are three bedrooms. The house also comes with a garden, albeit in some need of attention.
The garden is in need of some attention starting with a strimmer but once cleared will make a pretty courtyard to enjoy the summer sun.
The house might have a guide price of nil but, of course, it’s going to sell for a lot more.
If you decide to make a bid on the house during the online auction you won’t be able to start the bidding at whatever you find down the back of your sofa either.
Just like a live auction held in a packed hotel reception room, the auctioneer has to start the bidding somewhere.
The opening bid is set at £250.
Who knows where the bidding might stop, but if you are looking to secure this one for hopefully no more than the cost of maybe a second hand family car, then there are some things you should know about the house.
Of course, the property is a full renovation project but due to its current condition the auctioneer says you won’t be able to raise a mortgage on it, so it’s cash buyers only that should be bidding.
Ryan Saunders, who is handling the sale for Paul Fosh Auctions, says: “The reason for the low guide price is that the property is leasehold and has a relatively short time left on the lease.
“The lease for the property is due to expire in 2054. The new owner may wish to seek to extend the lease or to negotiate to buy the freehold of the property.
“There has already been strong interest in the property which I expect to continue on through to the sale next month.”
The house is part of the next online auction by Newport based Paul Fosh Auctions, which starts at noon on March 16 and ends 5pm on March 18.
For further details about the property call the company on 01633 254 044.