PermaLink eBay land sale bid sparks warning06/28/2006
MYSTERY surrounds a plot of land near Tewin that appeared for sale on the online auction site eBay, writes Rob Gibson.

The business seller, who hails from Croatia, was asking for £80,000 for a half share in the acre of land. But the item failed to receive any bids at all, let alone the reserve price of £15,000.

The land is located in the Green Belt area between WGC and Hertford and the description boasted that it would sell for "well over £500,000" if granted planning permission.

It also claimed the land is part of a proposed future development of individual plot owners to create a new village, 'Tewin Grove' [link added by PropertySCAM].

But experts claim the site is unlikely to get planning permission.

(Via Welwin & Hatfield Times 24. To read the full story, click here)

PropertySCAM comments:

There's no real mystery here. It appears that an overseas investor who bought land plots has now realised that his investment is worthless and is trying to sell on his misfortune, or at least reduce his loss using eBay.

Expect to see more such offers on eBay before too long...


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