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First-floor Wisbech property sells for £1

Posted: Thu Feb 20, 2020 8:01 pm
by Sid Bishop
How strange is that ? Wonder what the buyer is going to use it for and also wonder what the new owner will find if and when they ever do gain access to this flat ?
Inaccessible first-floor Wisbech property sells for £1
https://www.bbc.co.uk/news/uk-england-c ... e-51578026
town centre property with river frontage and far-reaching views has been snapped for a cool £1 at auction.
Although it might seem like a bargain, the drawback is there is no way to get into the 12sq m first-floor space.
However, the room, wedged between two properties and suspended over an alleyway in Wisbech, Cambridgeshire, appealed to one bidder whose hand shot up when the £1 price tag was announced. The guide price of £100+ was dropped to £1 at the last minute.
The unusual property is in a terrace of old buildings, believed to have been built as granaries or shops in the 16th Century on Nene Quay.
It is bricked up from both sides and even the auctioneer had not been in to see it.

Re: First-floor Wisbech property sells for £1

Posted: Thu Feb 20, 2020 10:56 pm
by Adz
Surely the person who owned the property to the left of it (as you look) would have bought it. Could probably add 30k to the value of that, absolute bargain for a quid. If I lived there i'd have bought it. Who knows what historic values may be inside.

Re: First-floor Wisbech property sells for £1

Posted: Fri Feb 21, 2020 7:42 am
by Stamford O
I regularly to go wisbech.it's not the bargain it seems

Re: First-floor Wisbech property sells for £1

Posted: Fri Feb 21, 2020 12:31 pm
by Clive Evans
Who is coming to my house warming?

Re: First-floor Wisbech property sells for £1

Posted: Fri Feb 21, 2020 12:34 pm
by Sid Bishop
Adz wrote: Thu Feb 20, 2020 10:56 pm Surely the person who owned the property to the left of it (as you look) would have bought it. Could probably add 30k to the value of that, absolute bargain for a quid. If I lived there i'd have bought it. Who knows what historic values may be inside.
''Surely the person who owned the property to the left of it (as you look) would have bought it.''
Yes very good point raised. Yes it would be very interesting to see what if anything, is inside that mysterious small space ?
I suppose the buyer will have to pay some sort of council tax ?
Have just found this other news about this sale including this.....
''However, one of the adjoining properties is being sold privately, so if the new owner was to purchase the auction lot as well, they would be able to break through the bricked-up wall.''
So maybe the person who purchased it for only £1 was the buyer of the above adjoining property that was also being sold.
Inaccessible first-floor Wisbech property for sale for £100
https://www.bbc.co.uk/news/uk-england-c ... e-51310566

Re: First-floor Wisbech property sells for £1

Posted: Fri Feb 21, 2020 12:42 pm
by Lovejoy
Stamford O wrote: Fri Feb 21, 2020 7:42 am I regularly to go wisbech.it's not the bargain it seems
Why?

Re: First-floor Wisbech property sells for £1

Posted: Fri Feb 21, 2020 2:52 pm
by EH16
Adz wrote: Thu Feb 20, 2020 10:56 pm Surely the person who owned the property to the left of it (as you look) would have bought it. Could probably add 30k to the value of that, absolute bargain for a quid. If I lived there i'd have bought it. Who knows what historic values may be inside.
If it is, indeed, a 16th century building it may well be listed and so making changes to it might not be as straightforward as you think.

Re: First-floor Wisbech property sells for £1

Posted: Fri Feb 21, 2020 9:04 pm
by KC & sunshine band
WIS beach is it the north or the south