A two-story detached house in Daegok-myeon, Gimpo, Gyeonggi Province, has come up for auction. The property sits in an area where rural village lots and small factories and warehouses intermingle. The auction package includes about 536 square meters of land, a house of roughly 294 square meters and a separate storage unit.
Though it lies some distance from the city center, the property offers a large combined living and working space. The nearest subway stop — Yangchon Station on the Gimpo Gold Line — is about a 10-minute drive away, while the commercial district of Gimpo Han River New Town is roughly 15 minutes by car. The surrounding area is home to numerous small industrial operators, including metalworking and construction firms.
The property was initially appraised at about 722 million won ($485,000), but after failing to attract a buyer in two rounds of bidding, the minimum bid for the third auction — scheduled for Thursday — has dropped to 353.81 million won. The building was completed in 2014 and comes with a spacious front yard and a separate storage unit of about 40 square meters.
The concentration of nearby factories and warehouses may be a drawback for buyers seeking scenic surroundings or a quiet rural lifestyle. On the other hand, the property could appeal to those who work in the Daegok-myeon area and want a large home, or to buyers looking to combine residential and storage or workshop space under one roof. A video report examines the property in detail, weighing its pros and cons and assessing its prospects at auction.
quq@heraldcorp.com
