Derelict Strathfield house listed at $2 million, despite being uninhabitable

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ONE of Sydney’s worst properties has hit the marketplace for the identical value as some luxurious properties.

The derelict home in Strathfield has no electrical energy, the roof has caved in and the flooring have turned rickety and unstable however it’s listed at an unimaginable $1.9 million to $2.1 million.

The identical cash could be sufficient to purchase a double-storey beachfront dwelling in areas just like the Central Coast.

Set on 531sqm, the uninhabitable home at 2 Dickson St was deserted for practically a decade previous to promoting final yr.

The back and front backyard are largely overrun with weeds and lengthy grass whereas the entrance facade of the home seems to be have been lined in foliage previously.

Nevertheless it’s the inside of the house that’s most stunning.

The flooring are suffering from particles, together with partitions chips and splintered wallpaper.

Home windows in most of the rooms not have glass, whereas the flooring within the lounge have sunk into the unique foundations, creating giant holes the place extra particles has pooled.

Promoting agent Norman So of Belle Property-Strathfield mentioned the situation of the property has not deterred patrons.

The agent has issued six contracts of sale for the reason that dwelling was listed, with curiosity coming from a mixture of builders and proprietor occupiers eager to transform the property into their dream dwelling.

The property already has DA approval for a multi-level dwelling.

“There may be positively curiosity however contract holders are simply talking to the council to see what they will do with the block,” Mr So mentioned.

He added that the $1.9 million to $2.1 million value information mirrored the excessive lands prices within the space. “We not too long ago offered a neighbouring property on a much bigger block for about $four million, so it’s a really fascinating pocket of Strathfield,” Mr So mentioned.

NEALE WHITAKER LOVED IT, NOW HE’S LISTED IT

UNIT FIT FOR A QUEEN AN AUCTION HIT

A part of the explanation for the situation’s recognition is the proximity to Strathfield Ladies Excessive Faculty and an Australian Catholic College campus.

CoreLogic data confirmed the distributors paid $2.07 million for the property final yr.

It’s believed the homeowners had purchased the property making an attempt to construct a brand new dwelling however have since deserted these plans.

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The median value of a home in Strathfield is $2.75 million, with typical models costing roughly $710,000.

Mr So mentioned it was frequent for some properties to nonetheless be rundown inside the space nevertheless it was uncommon for them to be as derelict because the Dickson St dwelling.

“I don’t assume I’ve see many properties rundown to this extent,” he mentioned.

Supply hyperlink – https://www.information.com.au/finance/real-estate/derelict-strathfield-house-listed-at-2-million-despite-being-uninhabitable/news-story/e4d9e3c5043dd300705e83236603a4a3

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