If a property goes to auction with a zero reserve price - in effect it's on the market for £0 until someone bids on it, if they bid on it - you know it's going to be a renovation project. But when the building comes with fire damage as well as tired interiors and structural updates to add to its woes then many people would call it an extreme renovation and most likely to be of more interest to an experienced renovator. In theory this terraced house in New Tredegar with an auction reserve of absolutely nothing and a non-existent guide price could be sold for the same price as a bag of crisps, pair of shoes, or secondhand car but, even with the upper floors having caved in due to the fire and rubble and old furniture waiting to greet you inside, the property is likely to be more popular than you might expect when it goes to online auction.
For more property stories sent to your inbox twice a week sign up to the property newsletter here . READ MORE: This former country pub has been transformed into a stunning historic dream home YOU MIGHT ALSO LIKE: This incredible £4m manor house boasts a whole hidden floor The auction house taking this renovation project to virtual, online auction describes it as having suffered significant fire damage and in a 'sorry state of repair', hence the auction guide price of £nil. On the positive side, though, it also offers huge potential for redevelopment into a spacious family home or even apartments or a house of multiple occupancy (HMO) that .