A building with potential or two-weeks in the sun?
It could be very easy to miss this former cute chapel and community building as you wander down a dead-end, terraced lined, south Wales valleys street – it’s nestled at the bottom of the tiny road, behind trees and dwarfed by its much bigger chapel neighbour.
A stone-built former chapel cloaked in ivy, situated at the centre of a historic mining community, could be acquired at auction for the cost of a luxury Mediterranean cruise.
Bryn Heulog chapel, with its Welsh slate roof, stands on Ruperra Street in the Gwent valleys village of New Tredegar and is being offered at auction with a price tag of just £5,000. For more property stories sent to your inbox twice a week sign up to the property newsletter here.
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Olivia Williams, who is managing the sale of the historic building for Paul Fosh Auctions, said: “This substantial stone built former chapel/community building could be a real bargain for an investor or entrepreneur with an eye for a good deal.
“The chapel appears fairly overgrown and neglected from the outside but inside it’s a different matter altogether with a substantial, double-height main space rising to the roof, a corner kitchen and separate toilet facility.
“Nevertheless, the property will most likely require refurbishment and renovation irrespective of what a new owner plans to do with this lovely former chapel.
“The building has immense character and development potential. It’s situated in the heart of the village of New Tredegar with a glorious backdrop of rolling hills and all the while is close to local shops and amenities.
“This could be a great opportunity for the small investor with imagination. The former chapel could perhaps be converted into a residential home or perhaps for community use, all subject to obtaining the necessary planning consents.”
Another job that the new owner will have to sort in addition to the renovation, and the planning application if required, concerns the neighbouring building and doors.
The auction house states that there is a doorway in the property that will need to be blocked up to separate the property from access into the next door building, and that this will need to be sorted by the new purchaser.
A new owner may want to put aside some of the budget for that Mediterranean cruise as an incentive and a reward because it’s a long renovation list to sort out, but arguably it’s a bargain buy if you can bag it for somewhere near the guide price.
Olivia adds: “The village of New Tredegar is ideally situated close to great road links for Bargoed, Blackwood and to the north the Heads of the Valleys A465 and Parc Bryn Bach with its 340 acres of parkland.”
Rightmove adds, using Land Registry data, house prices in New Tredegar have an overall average of £119,667 over the last year, 12% up on the previous year and 10% up on the 2023 peak of £108,551.
The majority of properties sold in New Tredegar during the last year were terraced properties, selling for an average price of £106,321. Detached properties sold for an average of £306,500.
The chapel, community space or potential first-time buyers abode is going online auction with a guide price of £35,000 with Paul Fosh Auctions, bidding opens at noon on Tuesday, June 23 and ends 2.14pm on Thursday, June 25, call 01633 254044 to find out more.
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