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This Home Costs Just £10,000, But Could You Live Here?
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Finding a home for sale at just £10,000 is a daydream for young people struggling to get onto the property ladder today, but this property defies the sky-high prices across the UK’s housing market.
Up for auction for £10,000 is a home in Penygraig, Wales. However, there’s a catch – the house does not have four walls. So could you live here?
The triangular home is being sold by Darlows Auctions. The firm’s manager, Stephen Morgan, remarks: “It is without a doubt the most unusual property I have ever sold.
“It needs modernising, but once done, would be a good property investment or ideal for a first time buyer.”1
The house narrows to a point at its rear. The back wall is no wider than a toilet, which can be seen fitting snugly into the space in the property’s eccentric yellow bathroom.
The triangular property is considerably better value than a similar sized, ten-foot wide home that went on the market in London in the same week for a huge £800,000.
It is also substantially less than the typical price for the UK, which is currently £299,287, according to Rightmove.
Is the low price enough to make up for a missing wall?
Whoever purchased the Penygraig home at Wednesday’s auction in Nantgarw’s Conference Centre, will join a memorable owner of another triangular house.
Sir Thomas Tresham, the father of an alleged Gunpowder plotter, designed one of Britain’s oldest triangular buildings, Rushton Triangular Lodge.
1 http://www.independent.co.uk/property/house-and-home/property/corner-house-wales-penygraig-corner-triangle-10000-but-theres-a-catch-a6872111.html
