Inside £25k auction house that is dangerous to visit for one very good reason

If you come across a bargain building in an online property auction, even with a low guide price of £25,000 you're probably expecting to find at least a few basic things in place - four walls, floors and, hopefully, a roof.

But this traditional terrace going to auction with this eye-catching starting price can't offer you it all - step inside and you had better be very careful because there are a number of floors, and therefore ceilings, missing that could see you descend to the floor below not by the staircase but by gravity and gaping holes.

On the ground floor the renovation project has been taken back to brick and a charming fireplace has been revealed but turn in the other direction and the basement below has been revealed by a huge hole in the floor - it's stripping back to the very bones of this former home. For more property stories sent to your inbox twice a week sign up to the property newsletter here.

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Wander upstairs, if you dare, and two of the three bedrooms are floorless and the kitchen on the ground floor can't offer you a ceiling either. However, see past the work that needs to be done and this house can actually offer you potentially four floors of accommodation that is not obvious from the front of the property.

There's the basement room, totally obvious from the whole in the floor, which has its own staircase and could make a fantastic home cinema and games room and there's a bonus staircase on the first floor inviting you to wander up to the attic, which is another great space oozing potential.

The traditional property, at 24, Railway View, in the former steel town of Ebbw Vale, is stripped back and ripe for renovation - so at least you can see what you're taking on, with no hidden surprises. Listed with a guide price of just £25,000-plus, Sean Roper of Paul Fosh Auctions says the lot is worthy of a place on any investor’s 'to buy' list.

Sean said: "The property, which does need some work but already has UPVC double glazing, is situated in a well-established residential location close to local amenities and shops and Ebbw vale town centre and its busy railway station.

"The terraced house is primed and ready for improvement. The property offers the potential for the creation of three floors of accommodation with the very real prospect of the making of a cosy loft room. The town of Ebbw Vale has seen a significant amount of regeneration and investment over recent years and has good road links to the A465.

"Currently the house has an entrance hall, a former lounge with floor removed and an area for the dining room and kitchen. On the first floor there’s the two bedrooms and bathroom and attic space above which features some intricate feature brickwork. There’s also a rear garden. Once renovated the property could achieve between £700 and £750 per month in rental."

The house is going to online auction with Paul Fosh Auctions from 12 noon on Tuesday, April 15 and ends from 5pm on Thursday, April 17, call 01633 254044 to find out more.

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