Tonypandy terraced house for auction starting at just £1

  • Published
Terraced houseImage source, Paul Fosh Auctions
Image caption,

The owner of 10 Francis Street, Tonypandy wants a "quick sale"

A terraced house in Rhondda Cynon Taff is being put up for auction with a starting price of just £1.

The three-bedroom property on Francis Street, Tonypandy has been listed with a reserve price which auctioneer Paul Fosh said many people would think is a typo.

"If someone bids £1 and there are no others bidding then the property is theirs," he said.

The auction is due to take place in Cardiff on 7 December.

House price calculator: Where can I afford to rent or buy?

House prices in Wales lower than 2007, survey reveals

The freehold property, said to require some renovation, was previously let at £425 a month.

"We're expecting to have a lot of interest," said Mr Fosh, adding it would make a "shrewd investment".

"It must be the cheapest house currently on the market anywhere in Britain."

Image source, Paul Fosh Auctions
Image caption,

Francis Street is said to be popular for both homeowners and investors

Image source, Paul Fosh Auctions
Image caption,

The house is in need of some renovation

Image source, Paul Fosh Auctions
Image caption,

New windows and gas central heating has been installed

Image source, Paul Fosh Auctions
Image caption,

The back garden has rear lane access