Home Too Dangerous to View Sells for £21,000
By |Published On: 7th November 2015|

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Home Too Dangerous to View Sells for £21,000

By |Published On: 7th November 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

A property that was put up for sale at auction with a guide price of £1 and no reserve has sold for £21,000.

The fire-damaged house was too dangerous for viewings, but attracted competitive bidding at the auction in Cardiff.

The buyer is a carpenter from London who had hoped to pay around £15,000. When refurbished, they expect the home to be worth about £50,000.

Paul Fosh Auctions’ Sean Roper comments: “It was very competitive in that room and there were four or five people bidding for the house.

“It certainly exceeded expectations, but that was probably due to the impressive amount of interest raised by the nil reserve; that’s a very, very rare occurrence.”1

1 http://www.propertyindustryeye.com/1-house-too-dangerous-for-viewings-sells-at-auction-for-21000/

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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