A Cottage For A Quid

Crumbling stone-built seaside cottage in Welsh foodie destination and royal town of Caernarfon goes on sale for just £1

The Royal Town of Caernarfon sits on the eastern shore of the Menai Strait in North Wales and as a result of its proximity to Snowdonia and history dating back to Roman times is a “major tourist centre,” according to Wikipedia. It has a marina, award winning arts centre, a maritime museum and numerous popular pubs, bars and restaurants.

 

Situated down an alleyway behind the now shuttered Morris Bros Gors Bach Bakery shop at 72 Pool Street, a stone-built derelict cottage is currently being marketed by the Doorsteps online estate agency for the seemingly remarkable price of just £1.

 

Though clearly in need of total renovation, the space offered is just a three minute walk from the seafront and directly adjoins the town’s revamped shopping district where the annual food festival attracts around 30,000 visitors each May.

 

Of the property offered, the Mirror last week observed: “It now needs a total makeover to become a dream seaside cottage in the heart of the holiday town” and could instead be converted to a studio space even.

 

In their very brief marketing literature, Doorsteps, however, add: “Terms and conditions apply,” but when contacted for comment were somewhat curiously not able to elaborate further.

 

Bidding for the cottage to the rear of 72 Pool Street, Caernarfon is scheduled to commence online on 6th May 2021 at 12 noon and will conclude at 1pm on the same day. Interestingly, a bidding deposit of £500 is required to participate – some £499 or 49,900% more than the property’s guide price.

 

 

The interior of the cottage is nothing but an empty shack currently, but there is plenty of character that could be incorporated into its potential reuse as a home.
The space could be used as a holiday cottage, permanent residence or a studio even – subject to any necessary planning consents being granted.
The currently derelict cottage is behind an also currently derelict bakery that had been in business for over 50 years and accessed via a somewhat unappealing alleyway.
The annual Caernarfon Food Festival is not happening in 2021 due to COVID-19 lockdown restrictions, but it is normally a popular event and attended by around 30,000 people.
The festival occurs throughout the town and on the sea wall even.
Previously in February 2017, ‘The Steeple Times’ featured the sale of a far grander residence in Caernarfon, The Old Court House, at a price reduced from £650,000 to just £525,000. The building’s then owner, an English property developer named Aaron Hill, told ‘Wales Online’ he was selling after “vandals had smashed his windows 46 times, daubed graffiti across doors, attacked his car and urinated through his letterbox.” He told the paper “he had reported about 26 incidents to North Wales Police and remarked: ‘They said: ‘You need to f**k off where you belong. We don’t want you here. We’ll burn the place down.’” The building was subsequently converted into a bar, bistro, restaurant and event venue in 2018.
In June 2014, ‘The Steeple Times’ featured another property once sold for £1, the Grade I listed Palladian gem Barlaston Hall in Staffordshire. It was saved from near collapse in 1981 by former ‘Country Life’ editor Marcus Binney and sold on for £300,000in 1992 and offered for sale again in 2014 for £2.3 million after renovations were completed. After its asking price was reduced to £2 million, it subsequently sold for £2 million through agents Fisher German in April 2019.
In the very same article in June 2014 in ‘The Steeple Times,’ we also included another £1 property, Old Whitehall House in Chirnside, Berwickshire, Scotland. Derelict since 2007, this B-listed Georgian mansion required at least £1.2 million spent on its refurbishment, but came complete with an ornate music room decorated in Italian plasterwork and 7 bedrooms.

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