Suburban house with no kitchen or toilet and a snake-infested backyard sells for $4.7million more than DOUBLE the price of the next most expensive property on the street – so what makes it special?
- A Sydney home with no kitchen or toilet and with a snake and spider-infested yard has sold for $4.7million
- The four-bed Federation house in Kensington was $2.1million over the street record after going to auction
- The property is ‘uninhabitable’ with half-finished renovations and a back wall missing, exposing the inside
Advertisement
A Sydney home that has no kitchen or toilet with a snake-infested backyard has sold for $4.705million – more than $2million over the street record.
The ‘uninhabitable’ four-bedroom Federation house on the corner of two leafy streets in Kensington went $205,000 over the reserve and smashed the street’s last highest sale of $2.6million.
Despite the exorbitant price, the home has no toilets and no kitchen – with neighbours saying there were snakes living in its waist-high grass.
‘The grass was overgrown, very long and untouched for many years,’ NG Farah Partner Martin Farah told Daily Mail Australia.
‘There were all kinds of things, anything and everything in that backyard.’
A Sydney home that has no kitchen or toilet with a snake-infested backyard has sold for $4.705million – more than $2million over the street record
The ‘uninhabitable’ four-bedroom house on the corner of two leafy streets in Kensington went $205,000 over reserve and nearly the street’s highest sale of $2.6million
The Federation house is completely run down, with peeling paint, half-finished renovations and the back wall demolished, covered by tarps
The main selling point of the property is the 556.4sqm of land it sits on, a huge platform given its inner-east location and proximity to the CBD.
The Federation house is completely run down, with peeling paint, half-finished renovations and the back wall demolished and covered by tarps.
‘It hasn’t been lived in for 15 years. They started and stopped renovations and eventually decided the market was up and it was time to sell,’ Mr Farah said.
It was subject to a heavily contested auction with buyers from around the world tuning in from the USA, Hong Kong and United Arab Emirates.
According to real estate agent Joe Recep half the inquirers wanted to restore the home with the other half looking to demolish and re-build.
The house is dilapidated with unfinished surfaces and peeling paint throughout the property sitting on 556.4sqm
Many rooms have half-attempted renovations after being left for 15 years, making the house completely ‘uninhabitable’
The home at 25 Duke Street, Kensington sits on a massive 556.4sqm of land and is in close proximity to the CBD
The home was so sought after, particularly with bigger buyers, because of its R3 zoning, according to Mr Farah.
‘The corner location and the zoning – which allows you to put units or terraces or townhouses on it. That combined with the great location,’ he said.
There were two to three bidders battling for the house at the end of the auction before it was finally won by one buyer who had only seen the home five minutes earlier.
NG Farah has been a stalwart of Sydney’s Eastern Suburbs for 60 years.