Overview
If you've ever dreamt of owning a home for just loose change, now is your chance. A two-bedroom bungalow in Wales is set to go under the hammer for a mere 50p. However, there's a catch – the property is currently unsafe to enter and will require significant redevelopment.
The Details
The derelict bungalow, located in the picturesque Welsh valley, is part of a pair of homes up for auction in the town of Crumlin. With a starting bid of just £1, this could be the redevelopment opportunity of the year.
The property offers stunning views across the valley and has great indoor-outdoor flow. However, potential buyers will need to clear away the overgrown foliage before embarking on any renovations.
According to Sean Roper from Paul Fosh Auctions, the bungalows are currently in a poor state of repair, but they have the potential for improvement. With the right renovations, they could be turned into Airbnb rentals or refurbished for long-term tenants. Alternatively, there is also the possibility of constructing a detached dwelling on the plot of land, subject to necessary planning consents.
One of the bungalows is said to contain an entrance, lounge, kitchen, WC, and two bedrooms, while the second property features a lounge, bedroom, and kitchen area. The property also has ample land to the sides, rear, and front, along with a parking area.
Challenging Location
The bungalows are nestled into a hillside, which could pose a challenge for redevelopment due to the angle of the land. However, considering the incredibly low price, it may be worth taking on the task and turning this diamond in the rough into a dream home.
Did you miss our previous article…
https://hellofaread.com/money/shoppers-flock-to-buy-discount-quality-street-chocolate-bars-for-just-59p/
