A home with no indoor toilet and holes in the roof which even the real estate agent has called “virtually uninhabitable” is set to go to auction for an eye-watering price.
The turn-of-the-century home which also appears to come complete with mould, a gaping crack in the kitchen wall and a stockpile of rubbish is in the highly-sought after location of Newtown, in Sydney’s inner west.
The median value for properties in the area is $1.4million, realestate.com.au reported.
Despite its decrepit condition, according to LJ Hooker Newtown, the home is still lived in and has been owned by the same person for the past 43 years.
Located at 25 Pine Street in Newtown, the three-bedroom brick property is expected to fetch at least $1 million at auction, with recent auctions for properties of similar sizes nearby selling for up to $1.8m.
In June, the house across the street sold for $2.75 million.
But LJ Hooker agent Chris Akkawi told the Inner West Courier last month that when he takes the home to auction on Saturday he’s under strict instructions to sell it “no matter what price we get”.
Mr Akkawi expected whoever did purchase the property would either need to entirely gut it or knock it down completely.
The agent’s description of the property further adds the “virtually uninhabitable” home needs “a lot of work”, but would present a great project for “those who love a challenge”.
Photos of the home’s interior clearly testify to that.
The kitchen appears to be in the worst state, with black marks on the walls and ceiling, and a large gaping crack which runs from the roof to floor.
A final disclaimer at the bottom of the listing warns children are not permitted at inspections, while those with “mould allergies” are advised to also not attend.
The small courtyard of the property, where the outdoor toilet is located, is shown littered with a large pile of rubbish.
The home will go to auction on Saturday at 9am with no formal price guide in place.
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