Who is at risk… and the house on the beach!!!

The four-bedroom house on the South coast of England sold for £25000

This is a unique and perhaps the only example of residential property in the UK that you can buy for such a low price.

What was the reason for such a low price? Only £25,000 of the initial price at which sold the house on the edge of Oddicombe cliffs. And the reason for such a low price was the high percentage of risk that the house will fall into the sea. This house with stunning views on the coast of Devon, on the southwest coast of England, located in Torquay, just a few metres from the edge of the cliff. This house is and the name of the Cottage tor.

Located in the same place very close to Ridgemont house, recently collapsed into the sea due to a landslide. After this event it became clear that the likelihood that the same fate will befall the tor Cottage, very high and therefore the price for which he put up for auction, fantastic small.

If there was no risk of falling at home in the sea, the cost of this home include 4 bedrooms amounted to £400000. The house on the South coast in General are highly valued, and these places are famous for excellent views. To the house adjacent to a wonderful Golf course, Torquay. The house includes reception, which leads into the open plan living room, dining room and fully equipped kitchen. In addition, the house has four bedrooms, bathroom and study. The house has a terrace, garden and garage.

A potential buyer who is interested in this house, of course, should conduct a thorough assessment of all risks. And theoretically, the tor Cottage and the land around it have good investment potential.

The house will go under the hammer at auction next month. The soil in this place is really recently deposited in connection with the landslides, but to say for sure how fast will be settling, and will settle the soil under the house, don’t risk anybody. You can only rely on the goodwill of the nature of that investment the person who bought the house will not sell for nothing.

® Helen Entree. 27.06.2013