Peeling paint, mould in the bathroom, unkempt lawns, and rotting couches and armchairs in the back yard.
Sydney's roaring property market has seen a dilapidated four-bedroom house with mould throughout the one functioning bathroom and paint peeling from the eaves sell for $2.17 million. “It’s a pretty incredible price, much more than we expected,” said Joe Recep, of NG Farah Real Estate, reports The Daily Telegraph.
The deceased estate at 268 Doncaster Ave Kensington sold after 27 bidders registered at auction, and more than 30 bids were placed at auction.
The freestanding house on 436sq metres had been in the same family for almost 50 years. The unnamed buyer said he would keep the property as an investment.