Property type: Victorian five bed Wigan semi-detached
Reason for auction: Collapsed mine shaft
Guide price: £80,000
Sold price: £88,000
History of This Auctioned House in Wigan (Greater Manchester)
The Wigan property had been lived in by the same family for over 60 years. In recent times the elderly owners had become aware of some issues with the house.
They noticed cracks in the walls, floors, ceilings and bulges on the floor and their garden had started to sink.
They did not report this to anyone and for years and years, the house got progressively worse. On their death it was discovered exactly why the house had been moving – there was a coal mine shaft underneath and the house was collapsing into the coal mine.
The family decided an auction sale was the best route to ensure the best price from cash buyers. It is worth noting the house in good order and without the coal mine underneath would have been valued around £200,000 but as you can imagine, when you have an uncertain case, getting out early will actually a wise move because each day that passes, the value diteriates for this type of property.
Sell by Auction Because We Hanlde All Types of Properties
Imagine approaching an estate agent for selling this type of property. Almost all of them won’t touch it because estate agents aren’t flexible enough nor have the industry experience for selling a house standing over a coal-mine. That is why, using Sell by Auction vast experience will result in quicker sales, and also better prices for your Wigan property. Get your free auction appraisal, or Request a Call back for professional advise by sending us your details using the form below
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