These pictures show a city home that is crumbling away and totally run down – but still sold for a mouth watering £869,000 when it was snapped up recently.
On the outside, the house looks tired and in need of some TLC, but inside the situation gets much, much worse – with worn through carpets, dated pea-green cabinets, and tired old wallpaper that is literally hanging off the walls.
But despite this, the home, located in Sydney, Australia, sold for the staggering price, which translates to $1.68 million, as the city is enjoying a property boom and house prices are sky rocketing.
Sold via McGrath Estate Agents, the property, which is 500 square metres in total, was sold ‘off market’ and represents ‘an amazing result for our clients’.
(Image: Michael Dowling/McGrath Estate Agents)
As reported in the Daily Mail, the kitchen in the property looks very dated, as does the bathroom, the living room, and every other room in the house.
The rear garden, although spacious, has seen better days and it is not known whether anyone has lived in the house for some time as everything is so overgrown.
Local residents were shocked by the sale amount, and commented their disbelief on social media.
One woman said: “Prices like this make it no wonder many people can’t buy a house (in Sydney) and the developers win again”
(Image: Michael Dowling/McGrath Estate Agents)
Meanwhile, house prices continue to soar in the UK and in many places you don’t get quite so much for your money.
Recently, we reported on how a tiny two-bedroom cottage narrower than a London bus went on sale – for £430K.
At its narrowest point, the tiny home is just five feet nine inches wide, and the largest room is just eight foot two inches wide, making it narrower than the iconic red buses, which are an inch larger.
Located in Padstow, Cornwall, the brightly coloured house sits on Duke Street and it is a popular sight for tourists as it is located on a walking route in the town.
As prices continue to soar, some have resorted to living in a van to either save up, or live in full time.
One woman, Amy Nicholson, 33, was living in a rented property in Kent when her life got turned upside down when the coronavirus pandemic hit the UK early last year.
The freelance marketing consultant was saving up for a mortgage but soon found her freelance work dwindled as the world began to shut down.
Since then, she’s used her mortgage savings to purchase a Mercedes Sprinter WVB High Top van for £11,000 which she now lives in full time.
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