Cottage for sale for £15,000 sells for eight times the price after bids flood in

​Oaklands, in Rhystone Lane in Lugwardine, was marketed by Paul Fosh Auctions last month, with the agents advising interested parties that the two-bedroom home would need extensive refurbishment. The pink-hued property sent buyers into “overdrive” with bids flooding in via an online auction. The condition of the property “failed to deter bidders”, who lodged a total of 91 bids, from nine individuals, before the cottage sold for £120,500. Sean Roper, of Paul Fosh Auctions, said: “Oaklands cottage was a real star of a very interesting and varied auction. Read more: “The really charming two-bedroom property, in the ever-popular Herefordshire village of Lugwardine, grabbed the attention of auction buyers. “Initial renovation work has started on the property but there is plenty more to be done. The house has huge potential and what’s more has some simply stunning views of the historic church at the rear. “The property, which has its original fireplace in the lounge area, now offers a unique opportunity for the new owner to place their own stamp. “There is a rear garden and also a side garden, with access from the side of the house. Work has already started on the property. Some of the rooms have been boarded and a potential kitchen re located. Plasterboard and skimming have started in some rooms. “Work will need to be carried out inside the property to achieve a good return if the new owner has purchased the house for investment purposes. 

Caitlin King

Caitlin King is the editor of Herefordshire News, covering stories that celebrate life across the county — from local politics to countryside living. A lifelong Midlander with a background in regional journalism, she’s passionate about telling honest, human stories that keep Herefordshire connected.

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