Brynmawr house sold for £15,000 at auction

South Wales Argus: The house on King Street, Brynmawr was sold for £15.5k The house on King Street, Brynmawr was sold for £15.5k

A BRYNMAWR house which is one of the cheapest on the UK market has sold for £15,500 at auction after being listed at £8,000.

The one up, one down terraced house, in Brynmawr was snapped up after keen interest at the Paul Fosh auction last Thursday.

The new owner of 3 King Street, Brynmawr, is Graham Porter, from Stratford Upon Avon. The sale and the bidding was all caught on camera by BBC’s Homes Under the Hammer.

Mr Porter, who was at the auction with his wife Lena, said: “I am going to turn this house into a little gem.”

Speaking immediately after the auction, he said: “I expect I will have to invest maybe £15-20,000 doing the place up, building an extension and bringing the toilet inside but after that it will be perfect. A nice little home.”

Mr Porter, who has bought two other properties in the vicinity in the past 12 months through Paul Fosh Auctions, says he will now submit plans to the council and seek quotes from builders for the work. In the meantime he will complete renovations on his two other recently acquired local properties.

Paul Fosh, managing director of Paul Fosh Auctions, Church Street, Newport, said: “The mid terrace property, number 3 King Street, which is in a popular location and is well placed for access to the arterial A465 Heads of the Valleys link road and the Brecon Beacons National Park, created a great deal of interest.

“The house, which already has UPVC double glazing, shouldn’t cost too much to bring it up to scratch as it is so compact. Internal renovation and the construction of a small extension should do the trick.”

The next Paul Fosh Auction, is on Thursday, March 27 starting at 5pm at The Park Inn Hotel, Circle Way East, Llanedeyrn, Cardiff.

Comments (2)

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7:10pm Tue 18 Feb 14

Robodad says...

Yet another home lost to local people, probably be a rental property being owned by an absent landlord. Good luck to him for taking the initiative but a loss to the local community looking to get on the property ladder
Yet another home lost to local people, probably be a rental property being owned by an absent landlord. Good luck to him for taking the initiative but a loss to the local community looking to get on the property ladder Robodad

9:52pm Wed 19 Feb 14

scraptheWAG says...

not sure why people think its a bargain its all its worth if that like buying a place in newport the only people that are interested are dss landloards
not sure why people think its a bargain its all its worth if that like buying a place in newport the only people that are interested are dss landloards scraptheWAG

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