For many people a property auction is the ideal place to try and bid on a rundown property as either a way of getting onto the property ladder or to 'flip' it – renovating it at speed and then putting it back on the market to make a profit. But even some of the most experienced property renovators were not taken by a rundown cottage hiding in a residential suburb of Newport. It had fire damage and was still full of the previous owner's stuff after they had sadly passed away.
But the initially off-putting condition of the cottage did not deter hardened property developers Verity Winslade, originally from Devon, and local Newport resident Rich Warwick.
As property developers they had already done six renovation projects and were looking for their next property. While they usually had the next one lined up all ready to go they were having trouble finding a suitable candidate until Rich's dad found the Newport cottage on Paul Fosh Auction's website.
