A semi-detached house in the Gwent valleys could be sold at auction for just £1.
The derelict and fire damaged property at 16 Brangwyn Road, Cefn Golau, in the former coal mining town of Tredegar, is listed in the Paul Fosh Auctions catalogue with a nil reserve.
Sean Roper, of Paul Fosh Auctions, said this means that if there is just a single bid of £1 and there are no others then it will be sold for that price.
Sean said: “The current owners simply just want to get the property sold and have listed it with nil reserve to ensure that this in fact happens at the next auction.
“It’s fair to say that the house is in a very poor state of repair having suffered extensive fire damage. There is only a small part of the roof that remains which has led to even more internal damage. It is for that reason that we are not conducting internal viewings of the property as it is unsafe.
“Until it was damaged in the fire, it had been owned by a buy-to-let landlord. Anyone buying the property would be taking a bit of a punt however having said that the average price of other properties in the street is £50,000.”
The next Paul Fosh auction, when this property and some 50 others will be on offer, is on Thursday, October 29, at The Park Inn Hotel, Llanedeyrn, Cardiff, starting at 5pm. For more details visit www.paulfoshauctions.com