Mystery property with no access sold for £1

Previously published on my blog to be sold on auction for a guide price of £100, this mystery 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.

Property in Wisbech

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.

Fenland District Council, which has owned it since 1966, put it up for sale alongside other “surplus properties” with Norwich-based auctioneers William H Brown

There is no record of anyone ever having used the room and the contents and condition remain a mystery.

Property for sale in Wisbech

When it first went on their books, auctions partner Victoria Reek described it as “certainly one of the weirdest ones we’ve had at auction” and admitted it was “probably just full of cobwebs”.

She said the vendor instructed the auctioneer to remove the £100 guide price just before the auction opened.

“So we told bidders the first one to offer £1 could have it – one gentleman put up his hand and it was gone – all done and dusted,” she said.

It is not yet known who bought the inaccessible room.

Source: BBC News

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

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I am a Property/Energy Consultant TA DenEco Consultancy - www.deneco.co.uk: A friendly, energetic and adaptable individual with keen interest and aptitude for learning and motivating others, with great academic skills and work experience in both Life science and Environmental Management, seeking an opportunity to use his proven flair for teamwork and creativity in Property Purchase, Energy Efficiency, Environmental management for sustainable development and growth in any related sector or industry. I help individuals, businesses, SMEs and corporate clients save or make money in regards to Property investment, energy efficiency, environmental management solutions. The foundation of my experience is environmental protection. I have a passion for helping people, businesses and corporate organization achieve their dream through Property Investment and become more efficient and effective in their energy, and environmental management. I get satisfaction from knowing that the work am doing is helping make/save money and the environment.  Contact us @ www.deneco.co.uk Outside of work you can find me spending time with family, studying and researching for new opportunities and continuous development. Specialties: Property Investment, EPC provider, Energy Efficiency, Environmental  management.

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