If you’re thinking of buying a new car when the registration changes in March, why not consider buying this house instead?
This 3 bedroom mid-terrace house in Moorland Road in Bargoed is listed for sale at the next All Wales Auction in Cardiff with a guide price of £10,000.
But the catalogue listing states: “Viewings are strictly at your own risk.”
Do you need a hard hat and personal injury insurance to take a peek inside? No, we’ve done it for you.
The kitchen is displaying signs of damp and the fittings and fixtures are basic.
A hint to the history of this house, the fireplace is an original feature the new owner may want to keep and restore. The crazy paving surround is probably on its way to the skip though.
One feature the new owner will not want to keep is the damp in the bedroom, which at present is not a relaxing place for a snooze. This could mean the end for the 1970s floral wallpaper – which has been unchanged for decades.
The toilet looks new but the rest of the bathroom is showing signs of ageing. In fact, the new owner might come out of the bathroom grubbier than when they went it. But with a new suite and tiling, the room can be transformed into a relaxing bathing haven.
Challenges with the interior and exterior of the house can be sorted by the new owners, but the location and view is fixed.
The long back garden leads onto playing fields and an open urban landscape view most people would envy.
Auction Manager at All Wales Actions, Diane Fairchild says: “This house is probably for cash buyers only, it’s unlikely you would get a mortgage for it as the lease is less than 50 years. The floors are a bit spongy, so we have listed it as viewing at your risk so people are prepared for the problem.”
And this floor problem and the short lease may be the first in a long list of projects needed to modernise this home and bring it back to life; but then it does have a starting guide price of less than the cost of a new car.
The house goes under the hammer with All Wales Auction on Tuesday 16 February at 4.00pm at The Village Hotel, Coryton, Cardiff.
More hard hat moments
All of these properties have an auction guide price that reflect the challenges the new buyer will face and make reading the legal pack extremely important, but they also have possible opportunities to add value.
Woodland Road, Tylorstown: Guide Price £9,000
There are no internal pictures available for the house, but for £9,000 starting price it might well be worth a viewing.
Under the hammer with Seel Co on Tuesday 9th February at 5pm at Park Inn Hotel, Cardiff
Milton Street, Cwmaman: Guide Price £10,000+
It’s an end of terrace property close to the Cynon Valley town of Aberdare with 3 bedrooms and views across the mountains, but the leasehold has expired.
Raise your hands if you want this one on Thursday, 11 February at 5pm with Paul Fosh Auctions at The Park Inn Hotel, Cardiff.
Rhos Terrace, near Ammanford: Guide Price £35,000
So no warning of danger from the agent John Francis at this property, but it is listed as derelict, so there is work to do. The house stands on a generous plot of 0.25 acres so there is potential for expansion.
Unless it is sold previous to the auction, this home is going under the hammer on Friday 4 March at 3pm at The Ivy Bush Hotel, Carmarthen with John Francis .
Holton Road in Barry: Guide Price £55,000
The auctioneers recommend cash buyers for this three storey property within the town centre, as it requires substantial work. Might be one for experienced property developers only.
Join All Wales Auctions at The Village Hotel, Coryton, Cardiff on Tuesday 16 February at 4.00pm to bid on this auction lot.
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