Tuesday 22 July 2014

Auction fails - Derbyshire, Wales and Essex

Thought I'd have a look today at three houses that all failed to sell at auction recently.
Now properties not selling at auction is a bit tricky as it often means the renovation job is bigger or scarier than usual, or the location isn't great.
However it can also mean that the likely return on the renovation isn't enough to excite a developer, or anyone else not planning on living there.
So, with that in mind, I've picked these properties worth a second look (all via Allsops).
The sweet cottage above, is in countryside outside Matlock, in Derbyshire, and sits on the junction of Mooredge Road and Roes Lane (the B5035), a couple of miles from the villages of Crich and Whatstandwell, and with lovely views (apart from the road junction!).

There's a living room, kitchen and bathroom downstairs and two bedrooms upstairs. It already has planning permission to demolish the dilapidated bathroom extension you can see at the side and replace that with a two-storey extension.
It failed to sell at auction a couple of weeks ago, with a guide price of £110k. Details here (Lot 141)
There's only one picture with this cottage, below, so impossible to tell how much work needs doing. But you'll want to replace that side extension (currently housing the kicthen/diner and bathroom).

Google maps suggest a nice setting though - surrounded by woodland down a private track. It's at Cwmorgan, Dyfed, just over four miles from Newcastle Emlyn.
Pen Rhiw is detached, two bedrooms, with the garden in the picture plus off-road parking.
Guide price £100k-plus. Details here (Lot 209)
Finally, the detached former nursery, below, in Lexden just outside Colchester, failed to sell at auction in March.

A handsome detached Victorian building with original features - parquet hall, stained glass windows. It had been an eight bedroom family home before becoming Cosgrove Lodge Nursery.

Frustratingly there's no guide price attached to this one and the details tell you that there are amended special conditions of sale without telling you what the original conditions were, or the amendments.
Details here (Lot 150).