It might not look like the most appealing property but this derelict home was the centre of attention at a recent property auction as bidders fought to become its next owner. According to Paul Fosh Auctions, a dozen bidders battled to secure the house that's buried under a mass of vegetation and in need of a complete and total renovation, both inside and out.
The result was that the house, listed with a guide price of £32,000, and located in Skewen, near Neath, sold for just under double that. The 61 bids shot the final purchase price up to £63,500.
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Angie Davey, of Newport-based Paul Fosh Auctions, said the renovation project attracted bids as soon as the lot went live: "Property investors and developers were able to see through the current condition of the overgrown property and were able to visualise it transformed into a lovely large family home."
Angie says buyers weren't deterred despite the house being encased in climbers and the ceiling being held up by jacks in various places: "Paint is peeling and wallpaper is hanging from the walls. Having said all this there is real potential in this large, semi-detached home."
The large property retains many original features and has a lounge, dining room and kitchen plus three double bedrooms and a bathroom. The attic also offers scope for conversion, subject to planning permission.
Angie also points to the garden as a selling point for a future family home, but the new owner will have to take her word of it, as it is currently inaccessible and in need of a digger as well as a strimmer, but it too has huge potential hidden under the thick undergrowth.
Angie says: "Make no mistake, this is a major renovation project but with money and imagination it could be turned into a lovely family home after a complete refurbishment, including the attic subject to planning permission, and the garden is a real jungle but it has huge potential."
This extreme renovation project was sold with vacant possession, apart from the foliage and the damp that currently resides there. But for the winning bidder who is now the new owner, if they have vision and a healthy budget, it has also been sold to them with oodles of potential.
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