Two adjoining bungalows are going up for auction for 50p each, however, both lie in a dilapidated state, presenting a challenging project for whoever buys them
The connecting bungalows are available for just 50p each but both require significant work before they can become habitable(Image credit: Paul Fosh Auctions)
Two connecting bungalows in South Wales are going to auction for the combined price of £1, representing some of the lowest house prices in the UK.
Situated in a former mining village within the South Wales valleys, the corrugated sheet-constructed houses are being offered for sale at 50p a piece.
The pair of bungalows present a curious opportunity for anyone looking to renovate a house in South Wales and is prepared to take on the challenge.
Why are the bungalows so cheap?
The low price of the homes is explained by the serious amounts of work needed to be done on both properties (Image credit: Paul Fosh Auctions)
The reason for the low price of the bungalows is due to the terrible condition of the connecting bungalows, with extensive bungalow renovations required to both.
Sean Roper, of Newport-based Paul Fosh Auctions, said: "The two tin bungalows are currently in a poor state of repair.
"The bungalows in their current state need some work but they may well be able to be renovated for AirBnB-type use or to be refurbished and rented out.
"Alternatively the plot of land that they are on may offer the possibility for alternative development such as the construction of a detached dwelling, subject, of course, to necessary planning consents."
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Both bungalows require extensive work with dilapidated interiors in both of the homes(Image credit: Paul Fosh Auctions)
Bungalows on a plot with views across a valley
The bungalows lie on an advantageous plot sitting in an elevated position that offers views across the Ebbw River valley in Caerphilly.
Auctioneers Paul Fosh were not able to inspect the properties "due to their current condition" and could not provide full descriptions of the interiors of the properties.
However, it was stated that one of the bungalows contains an entrance, lounge, kitchen WC and two bedrooms, whilst the second property has a lounge, bedroom and kitchen area. There is also land to the sides, rear and front, with a parking area.
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Accurate descriptions of the interiors could not be provided due to access to the bungalows being limited(Image credit: Paul Fosh Auctions)
The bungalows have been neglected but the homes do come with land to the rear and side so could be knocked down and rebuilt(Image credit: Paul Fosh Auctions)
The plot of land the bungalows lie on offer views across Ebbw River valley in Caerphilly(Image credit: Paul Fosh Auctions)
How can you bid on the bungalows?
The bungalows are up for auction at 12pm on December 12 and bidding will finish at 5pm on December 14.
The are listed at 1-2 Bank Bungalows in Crumlin, Caerphilly.
The bid will take place on the Paul Fosh Auctions online sale, whilst 80 other properties will also be up for auction.
News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals. Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.
