The house in Wales you can buy for less than a cup of coffee
The three-bed semi is up for auction in South Wales but without most of its roof it will need some hefty renovation.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.A house described as the ultimate “fixer-upper” has gone on sale for just £1.
The semi-detached property in Tredegar, South Wales has extensive fire damage and only a small section of its roof remaining.
But bargain hunters are being urged to snap it up as it could be worth £50,000 with a makeover.
One neighbour, who didn’t want to be named, told the South Wales Evening Post: “The new owner would be best to pull it down as the house is crumbling. But if they choose to start again they would be building on the best street in the area.”
The three-bed property on the Gefn Golau estate will be auctioned on 29 October with a guide price starting at just £1, as the property has no reserve.
And would-be buyers won’t even be able to view the house, according to auctioneers, as it is not safe to enter.
Auctioneer, Sean Roper, said to the South Wales Evening Post: "It is sold as seen. It was a buy-to-let property in the past, so may suit an investor if they are willing to do the extensive work.
"The existing owner just wants it to be sold which is why there is no reserve price.
"If the potential new buyer is thinking of putting it on the market once they have worked on it, properties like this in the area sell for approximately £50,000."
But another neigbour told the paper: "The stairs inside the house are rotting and the roof has caved in. They would be better off saving their pound coin in a piggy bank!"
This is not the first home to be sold for £1. A series of properties in Anfield, Liverpool were sold for £1 in a council scheme to regenerate the area.
And a string of houses were put up for the same price in Liverpool’s Toxteth area.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments