House going to auction with a guide price of just £1 for obvious reason
If you're looking to grab yourself a bargain building to renovate or even replace with a new-build then the auction sites are the first place to check for potential properties that might be just what you're looking for. While you're scrolling online if you see a detached house with a guide price of just £1 then you're probably going to stop and investigate further aren't you?
A property going under the virtual hammer with such a low guide price is intriguing so this Pembrokeshire bungalow in the village of Merlin's Bridge near Haverfordwest, a popular area, should pique interest. But as with any auction property a potential bidder needs to do their homework. For more property stories sent to your inbox twice a week sign up to the property newsletter here
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Inside the bungalow has three bedrooms, one bathroom, a spacious living room measuring more than six metres by three metres, and a kitchen, all with the potential to upgrade into a more modern interior design, but it's outside where any buyer should be focusing their attention. The estate agent taking the auction states that the home has "suffered structural damage due to adverse ground conditions and a comprehensive renovation or complete rebuilding is required".
The property details go on to say that the serious structural issues are found at the front right-hand corner and within the front garden but that despite the costs required the bungalow offers potential and should be of particular interest to property developers and builders. Due to the state of this section of the house the sale is being aimed at cash buyers as raising a standard mortgage on the property is unlikely as well as untimely as the auction commences on Monday, March 10, from noon and concludes on Wednesday, March 12, at noon with the final online bidder the winner.
Also outside at this home on a quiet residential road can be found a driveway offering parking for up to three cars as well as a mature and attractive rear garden that includes a timber summerhouse. The legal pack, registration for the auction, and further information is available from Auction House Wales. Call 029 2047 5184 to find out more.
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