Auction property bargains are bagged

Despite the ongoing pandemic and the various measures across the UK being brought in to try and stop the spread of the virus, it seems that properties are still selling.

Here we round up just five of the properties – residential and commercial – which were snapped up at the recent Newport-based Paul Fosh Auctions virtual sale.

The October Paul Fosh Auctions sale, which was conducted totally online, generated £4.9m in sales after 88 properties were listed. A total of 72 per cent of the lots were sold. The auction saw 1,050 auction registrations, with 529 registered bidders and 1,651 bids placed with 107,000 site hits in 48 hours attracting visitors to the online auction from 56 different countries.

The next sale starts at noon on Tuesday, December 8 with lots going under the hammer from 5pm on Thursday, December 10.

Flat 6 Rodney House, Millennium Walk, Newport: This top floor modern flat in Newport features an open plan kitchen/lounge with a Juliet balcony, two double bedrooms, and a family bathroom. The property is within walking distance of Newport city centre and also benefits from double glazing, gas central heating and an allocated parking spot. It was sold for £99,000 after 16 bids from two bidders. The original guide price was £90,000.

Cottage rear of 74, King Street, Brynmawr: This stone-built cottage in Brynmawr was sold for more than double its original guide price. The property is in need of full modernisation, but comes with a forecourt, rear yard, and a slate roof covering. After a bidding war of 70 bids from eight bidders, it was eventually sold for £42,250. Its guide price was £18,000.

Flat 7 Wesleyan Church, High Street, Llanhilleth, Abertillery: Selling for just over the guide price, was this flat in a former church. The property features one bedroom, a kitchen, living room, bathroom, and study/office, and is situated close to Llanhilleth’s local amenities and train station. The original guide price was £23,000 and, after 18 bids from four bidders, it sold for £28,750.

The former doctor’s surgery, Leadon Court, Thornhill, Cwmbran: Someone’s patience paid off after they won this former doctor’s surgery. The property was in excellent condition and still in full working order. It has a large car park and had been expected to generate a lot of interest due to its unusual nature and outstanding condition. The original guide price was £135,000 but, after four bidders made 23 bids, it sold for £153,750.

106-107 Lower Dock Street, Newport: Another slightly more unusual property was this spacious period building in the Lower Dock Street area of Newport. It has three floors and a basement, four bathrooms and 21 rooms in total. It had previously been used as a dance studio, but planning has been granted to change the ground floor into mixed use and the upper floors into five flats. The property generated some interest and after 15 bids from four bidders, it eventually passed its guide price of £215,000 to sell for a final price of £237,250.