Initial price	£30,000
15/07/23	£40,000
22/07/23	£30,000
29/07/23	£40,000
04/08/23	£38,000
05/08/23	£29,000
12/08/23	£40,000
19/08/23	£30,000
26/08/23	£40,000
05/09/23	£30,000
09/09/23	£38,000
16/09/23	£29,000
07/10/23	£40,000
12/10/23	£38,000
14/10/23	£27,000
04/11/23	£30,000
14/11/23	£26,000
02/12/23	£25,000
31/12/23	£32,000
06/01/24	£24,000
13/01/24	£32,500
21/01/24	£25,000
Price Change	-16.67%

This property is located in a coastal area and offers reduced buyer fees of 3% of the sale price, with a minimum of £3,250 + VAT. The property is within walking distance of the coastal path, harbor, and shops, making it a perfect holiday home or seaside retreat. The lot consists of a large flat with an existing dividing wall, which requires further development to convert into two flats. Once refurbished, the property has the potential to generate £800 per month in rental income. This is an excellent development opportunity, with sales evidence of similar properties in the area selling for £60,000 and £43,000. The property can be purchased as a buy-to-let investment or holiday let, and the auction will take place on January 25, 2024, at 10am.