Inside 50p cottages for sale on UK mountainside with sweeping views
It's not often you can buy a home for the cost of a cheap packet of crisps, but there's one going in Wales which could set you back just 50p.
An auction taking place on Tuesday has set the tiny price on a derelict property on a hillside near Crumlin and if you add another 50p you get an attached two-bedroom rundown bungalow which comes as part of the auction lot to make-up the £1 opening bid. It must the the biggest bargain the UK's property market has seen and it is going under the virtual hammer with Paul Fosh Auctions. They sit on the side of the valley in a former industrial setting and are called 1-2 Bank Bungalows. The land is ripe for redevelopment so it could be that is what a buyer would end up exploring.
The inside area is in a poor condition (Paul Fosh Auctions)
The auction house said the properties need 'some work' (Paul Fosh Auctions)According to Wales Online, Sean Roper, from Paul Fosh Auctions, confirmed no internal inspections of the pair of bungalows have been made due to their current condition, adding: "The two tin bungalows are currently in a poor state of repair. However they do occupy an elevated position with views across the valley and do offer scope for improvement. The bungalows in their current state need some work but they may well be able to be renovated for Airbnb-type use or to be refurbished and rented out.
"Alternatively the plot of land they are on may offer the possibility for alternative development such as the construction of a detached dwelling, subject, of course, to necessary planning consents. Bungalow one is believed to contain an entrance, lounge, kitchen WC and two bedrooms while the second property has a lounge, bedroom and kitchen area. There is land to the sides, rear and front, with a parking area."
Foliage starting to invade the homes (Paul Fosh Auctions)The plot is tucked away behind a row of terraced houses, elevated above the rear lane and nestled into the hillside. Getting access to be able to build on the site may prove difficult, but it has amazing views so could be worth the extra stress.
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The bungalows are in a terrible condition the location is great, even without the stunning views. Crumlin is a town tucked into the Ebbw River valley offering local amenities and facilities, about five miles west of Pontypool and offering easy access to Newbridge and Cwmbran, and commutable to Newport and Cardiff, if you set off before the traffic builds.
The homes are set to go under the hammer (WalesOnline/ Rob Browne)Subject to planning consent, the site could become the perfect place to build a new home cocooned in fabulous views, or tackle the full renovation of the current structures but even if you manage to get the auction lot for a low sum, the renovation budget will need more in the pot than just what you find down the back of the sofa again.
The site, being sold with vacant possession, is going to auction with a guide price of 50p per bungalow (so £1 in total) with Paul Fosh Auctions from 12 noon on Tuesday, December 12 and ending from 5pm on Thursday, December 14, but there might be a fight to secure the plot as currently 519 people are watching the lot on the Paul Fosh website, waiting for it to go live, or maybe just being nosey. For more information, call them on 01633 254044 to find out more.
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