A ramshackle house which is 'cracking in half' and 'sinking' into the ground has sold under the hammer for more than 30,000 times the guide price.
Bids soared to £32,500 during the auction, despite the property having a guide price of £1 because it has a long list of structural problems and has been dubbed 'beyond repair.'
The four-bedroom detached house in the Valleys, Wales, was being marketed by estate agent Cheshire & Co, whose own mortgage adviser said it was 'scary' to go inside the property.
This 'sinking' house in the Valleys, Wales, has sold for more than 30,000 times the original guide price despite being described as 'beyond repair'
The back garden wall has moved from six feet to just six inches away from the rear of the house
Four inch cracks have appeared in the walls and the front of the house is falling forward towards the road
The dilapidated building nestling on the side of a hill was the lowest priced lot in the sales catalogue.
An unknown buyer on the phone secured the winning bid after going head-to-head against a bidder in the room during the tense auction.
Mortgage adviser at Cheshire & Co Kelly Williams said: 'In all my property experience I have never come across a property being priced at a guide price so low, it was incredible.
Estate agent Kelly Williams says the property, which had a guide price of £1, is suffering from 'severe structural issues'
Cheshire & Co say the building is suffering from 'severe structural issues' and the back garden wall has moved from six feet away to just six inches away from the rear of the house.
Kelly added: 'The house is sinking. It’s moving forward, cracking in half with the front of the home falling forward.
'The movement has been happening for the past eight years but within the last two years there has been a significant increase in movement, up to four inch cracks have
