A compact former canal worker’s cottage in South Wales has sold for £57,000 at auction – more than £10,000 above its guide price.
The secluded mid-terrace property, at 6 School Terrace in Rogerstone near Newport, attracted five bidders and 13 bids during Paul Fosh Auctions’ latest online sale.
The cottage, described as a hidden gem for those seeking privacy, was available to cash buyers only due to its non-standard construction.
Built originally to house workers on the Monmouthshire and Brecon Canal, the property sits on a quiet no-through road beside open playing fields.
HOLIDAY-LET POTENTIAL
Despite its modest scale, the cottage drew strong interest from buyers looking for renovation or holiday-let potential in a rural yet well-connected location.
The two-bedroom home currently offers a lounge, kitchen/dining room, shower room, utility area and a second bedroom accessed through the first.
The sloping rear garden is reached from the top road, while parking is available opposite the property, with potential for further parking in the front garden subject to highways approval.
Angie Davey, of Paul Fosh Auctions, estimates that, once refurbished, the property could achieve a rental income of around £750 a month.
Rogerstone’s strong transport links via the A467 and M4, and rail connections from nearby Pye Corner and Newport city centre, add to its appeal.
Rogerstone, a large village in the ancient parish of Bassaleg and the historic county of Monmouthshire, sits at the gateway to the Sirhowy Valley and is increasingly popular with commuters seeking affordable homes within easy reach of Cardiff and Newport.
