A four-bedroom property with great potential for renovation is set to auction for just £5,000, drawing interest from investors and families alike.
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Get ready for an incredible opportunity! A stunning four-bedroom property is set to hit the auction block at Paul Fosh Auctions, starting at a jaw-dropping price of just £5,000. Nestled in beautiful Pembrokeshire, this mid-terrace building stretches across four floors and is bursting with renovation potential—perfect for anyone looking to boost its market value.
Mark your calendars: bidding kicks off at noon on Tuesday, September 1, and wraps up at 5:26 PM on Thursday, September 4.
Property Highlights
Meet The Willows, a property that offers not just four bedrooms but a canvas for creativity.
Whether you’re a homeowner or an investor searching for a profitable project, this place has the flexibility you need. Property auctioneer Sean Roper describes it as a “substantial fronted mid terrace building” that, while it needs some modernization, holds the promise of becoming something truly special after a little TLC.
One of the standout features of this property is its spacious rear garden—a real gem for families or anyone craving a tranquil retreat. Roper points out the myriad opportunities this property offers: “I believe this property lends itself to many opportunities, subject to planning permission being obtained.” With the right vision, The Willows could transform into a highly valuable investment.
Exploring Market Potential and Rental Options
Roper dives deeper into the financial prospects of The Willows, noting that a high-quality refurbishment could make it a magnet for both local families and savvy investors. He mentions the possibility of turning the house into a holiday rental, suggesting that “a property of four bedrooms could achieve a holiday rental figure of £44,400 gross over a year” if it’s pet-friendly and meets high standards.
If long-term renting is more your style, Roper estimates monthly rents could range from £1,500 to £1,600. The demand for four-bedroom rentals is strong, with similar properties recently fetching between £1,500 and £2,000 per month. Could this be your next big venture?
Location and Accessibility
The Willows boasts a prime spot on Merlin’s Terrace, with easy access to major transport links. Haverfordwest’s mainline rail station and local bus services make getting around a breeze, while the A40 connects you to the M4 to the east via the A48.
Enjoy all the perks of local living! Residents can explore a variety of shopping amenities, cozy cafes, lively bars, and delightful restaurants in Haverfordwest. Plus, outdoor enthusiasts will love the nearby Priory Salting’s Nature Reserve and Pembrokeshire Coast National Park, making this area a fantastic choice for families and nature lovers alike.
As the auction date draws near, excitement around The Willows is sure to soar. With such an inviting starting price and the chance for significant returns, this property is an opportunity that simply can’t be overlooked.
