8th April 2019
Bidding race sees dilapidated Welsh cottage sell for £76,000
A Welsh cottage so dilapidated that internal viewings were considered too dangerous has sold at auction for £76,000.
A derelict woodland hideaway waiting to be brought back to life and made habitable property once again, Y Coed, Tan Lan, Ffynnongroew, Holywell, was the final lot of the day at the SDL Auctions Cheshire and North Wales auction at Chester Racecourse, with a *guide price of just £20,000+. And it proved to be well worth the wait, attracting enthusiastic bidding.
Nestled in thick woodland, Y Coed – which appropriately means “the trees” – is a single-storey property with a detached garage and outhouses, sitting in extensive grounds.
Its location is the heart of tourist territory, with caravan parks, campsites, bed and breakfast establishments and beach resorts all to be found in the immediate area. Talacre Beach is just a few minutes’ drive away, and Prestatyn, which has a good range of shops, supermarkets, post office, cinema and medical services, can be reached within 10 minutes.
Debs Latham, head of residential auctions at SDL Auctions Cheshire & North Wales, was delighted but unsurprised to see the property prove so popular as it went under the hammer.
She said: “You need guts and vision to take on a project of this magnitude but there were plenty of bidders at the auction ready to rise to the challenge and the atmosphere in the room was electric as the price kept rising.
“It’s no surprise that the property was so in demand. The site offers a huge amount of potential for development, subject to planning permission of course, and it’s going to be exciting to see what happens to it now. It could be transformed into an incredible holiday home, offering peace and seclusion, hidden away from the hustle and bustle of the main beach resorts but with tourist attractions within easy reach.”
Y Coed was just one of many properties sold at Chester Racecourse by SDL Auctions Cheshire & North Wales last week. The next Chester Racecourse auction takes place on Wednesday 5 June and the team is already looking for properties to fill the pages of its auction catalogue. To find out more about selling a property at auction, whether at a room auction or online, click here.