House on edge of stunning national park sells for 6,500 times asking price - it's a doer-upper
When you see an auction lot with a guide price of £1 going under the hammer you probably have two thoughts - it's surely going to go for more money and how bad does it have to be to be literally listed at less than the cost of a bar of chocolate?
In the case of a bungalow in Pembrokeshire the state of the property was more than just extreme or a derelict wreck - it was literally the remains of four walls - almost just a pile of rubble.
But every property has some redeeming features and the remains of this past home did create interest at the last Paul Fosh Auctions online auction, which pushed the price up to £6,500. For more property stories sent to your inbox twice a week sign up to the property newsletter here
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Despite being in a stunning location, there was no escaping the fact that the property barely existed as a house in most people's eyes, but five people could still see beyond the rubble of the ramshackle overgrown remains of a Neath Port Talbot bungalow, surrounded by stunning scenery in the Upper Dulais valley, and fought to win this very cheap property prize.
Sean Roper, of Paul Fosh Auctions, said: "Setting the lowest possible reserve price of £1 (one) certainly created interest which carried through into the online sale.
"The bungalow, even from the photographs provided, clearly shows it is in a sorry state of repair, consisting of just the remains of walls, chimney stack and overgrown gardens, offering just a hint of how it may have once looked. Located in the village of Dyffryn Cellwen in Neath Port Talbot, 5, Heol Bryn Seion, could well offer a wealth of opportunities for the new owner going in with their eyes wide open.
“It’s in a lovely location and, as far as renovation or redevelopment goes, subject to obtaining relevant planning permission, could well offer a blank canvas. The lot offered a marvellous opportunity to acquire a plot which measures some 572sqm (6,156 sq ft)."
It will be interesting to see what the future of the site will be, which can boast attractive country views, and what building rises up from the rubble of the existing structure, which is surely beyond saving? It is going to be a remarkable renovation project if the existing structure is somehow revived.
Although rural, the village of Dyfryn Cellwen is close to the A4109 and there are great road links to Neath, Swansea and the M4. It is on the edge of the Bannau Brycheiniog Brecon Beacons National Park, and with the location combined with the listing price the lot attracted 28 bids from five individual bidders before it sold.
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