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£33,500 for uninhabitable cliff house in Torquay | £33,500 for uninhabitable cliff house in Torquay |
(about 20 hours later) | |
A cliff-top house in Torquay, which has been deemed officially uninhabitable, has sold at an auction for £33,500. | A cliff-top house in Torquay, which has been deemed officially uninhabitable, has sold at an auction for £33,500. |
Tor Cottage had a starting price of £25,000 - even though it would normally sell for around £400,000. | |
The property which was described as being in immaculate condition, sits on land which is prone to landslips. | The property which was described as being in immaculate condition, sits on land which is prone to landslips. |
Nearby Ridgemont House featured in national newspapers and on television because part of it has collapsed because of a landslip. | Nearby Ridgemont House featured in national newspapers and on television because part of it has collapsed because of a landslip. |
'Degree of risk' | 'Degree of risk' |
Tor Cottage is yards from the edge of Oddicombe Cliffs in Torquay. | |
Torquay Council's prohibition order means it will not allow occupation until structural work is carried out to make it safe. | |
Chris Hodgkinson, of estate agents House Buyer Bureau, said: "We are very pleased with how the auction went. | |
"We have yet to find out who has bought Tor Cottage, but the property does have potential for the right investor. | "We have yet to find out who has bought Tor Cottage, but the property does have potential for the right investor. |
"There is clearly a degree of risk involved, but Tor Cottage and the land still may have potential as an investment opportunity." | "There is clearly a degree of risk involved, but Tor Cottage and the land still may have potential as an investment opportunity." |
The home's previous owner, who declined to comment, had been renting it out. | The home's previous owner, who declined to comment, had been renting it out. |
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