Summary - Derlwyn Street, Phillipstown, New Tredegar NP24 6AZ
3 bed 1 bath Terraced
Three-bed auction opportunity with renovation scope and strong rental potential..
Freehold mid-terrace with three bedrooms and two reception rooms
Approximately 820 sq ft; traditional Victorian mid-terrace layout
Needs full modernisation throughout; renovation potential to add value
Sold at Modern Auction; undisclosed reserve price applies
Buyer fees include 4.5% reservation fee (min £6,600) plus admin costs
Rear garden and outbuildings but garden currently overgrown/neglected
High local crime and very deprived area may affect rental/resale
Council Tax Band A and mains gas heating; double glazing age unknown
This three-bedroom mid-terrace in Derlwyn Street, New Tredegar, offers clear value for buyers prepared to renovate. At around 820 sq ft with two reception rooms and a rear garden, the layout suits resale, rental or family occupation once modernised. Heating is mains gas via boiler and radiators; glazing is double but install date is unknown.
The property is sold Freehold by Modern Auction with a start price and undisclosed reserve; buyers should factor in a non-refundable reservation fee of 4.5% (minimum £6,600) and additional buyer fees (plus up to £349 for the Buyer Information Pack). Completion is typically within 56 days and purchasers must complete identity and funding checks—make sure you review the auction pack and complete your own due diligence before bidding.
Positioned in a very deprived area with high local crime statistics and blue-collar terraces, the home will suit investors seeking rental income or buyers wanting a value project rather than a move-in-ready property. There is scope to add value through modernisation to kitchen, bathroom and overall decor; outbuildings and a garden provide practical extras but the rear space is overgrown and in need of attention.
Practical positives include low council tax (Band A), excellent mobile signal and fast broadband—helpful for renters or home workers. Material drawbacks are the need for renovation throughout, uncertain double-glazing age, and the wider area’s socioeconomic challenges which may affect resale timing and rental demand. Viewing and pre-purchase surveys are strongly recommended.
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