South Wales 200-year old cow shed cottage sells for seven times its guide at auction

A derelict 200-year old rural South Wales former cow shed cottage sold for more than seven times its guide price at auction.

Stone-built Cwm Crenig Cottage, on Llwyncelyn Road, Glanamman, near Ammanford, was listed for sale by Newport-based Paul Fosh Auctions with a guide price of just £19,000-plus.

The derelict rural 1800’s property which has been empty for some timed  attracted a total of 256 bids before being sold at the online auction for £144,750.

Auctioneer Paul Fosh, who was managing the online auction from his office in Newport, said: “This was just one of many truly phenomenal results during the auction with bids coming in from across the UK and the rest of the world.”

The auction realised a total of £5.8m in sales.

Paul, who is celebrating a year of hosting property auctions completely online, said: “And what an auction that was! It was by far our best online auction to date. It’s a whole year since we moved the auction solely online. I’ve run out of superlatives to describe the results on the online auctions. Online is most definitely the future for Paul Fosh Auctions.

“We had a total of 94 properties listed with 85% of these sold. We had 946 registered bidders and a total of 3,060 bids placed during the three days of the auction from people in 67 different countries.”

Gemma Vaughan, of Paul Fosh Auctions, said: ” Cwm Crenig Cottage is a former family home which has been empty for a period and over time has fallen into disrepair. The stone-built cottage, which dates from the early  1800’s,  was previously a pair of attached cottages  which had been fashioned out of what was originally a cow shed.

“The property will require a fair amount of work but could prove to be an ideal project in an idyllic setting for someone looking to create their own slice of, off the grid good life in the heart of the beautiful south Wales countryside.

Set in a quarter of an acre with approximately half an acre opposite which borders a fast-flowing stream the rural property requires full modernisation and improvement work

The cottage is situated on the outskirts of the village of Glanamman in a secluded position. Due to the condition of the cottage and health and safety concerns the auctioneers were unable to conduct internal viewings prior to the sale at auction.

The next Paul Fosh Auctions online sale starts at 12 noon on Tuesday, April 27 and ends from 5pm on Thursday, April 29.