Landlords with a burning ambition to take on a major project need look no further than this three-storey building in the Welsh valleys that’s up for auction, priced £0.
The terraced house in Jubilee Road in the village of New Tredegar in Gwent benefits from a good range of amenities and shops, according to Paul Fosh Auctions, and is ideally situated for access to Bargoed and Blackwood. However, it has significant fire damage and needs more than a bit of TLC.
The auction house’s Sean Roper says although the building is in a sorry state of repair, there’s huge potential for redevelopment and could prove to be a bargain for a builder. “Once done up, this building, with sweeping valleys views, could make an ideal large family home or, subject to planning, could be split into flats or be made into an HMO,” says Roper.
“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 building, which is being sold with vacant possession, appears to offer three rooms on the ground floor, a further four rooms on the first floor, with three to four rooms on the lower ground floor with a bathroom area. It has a rear garden and lane access.
The property, along with 90 others, is being sold online on 1st October.
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