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This Shocking Sydney House Sold For $1.96 Million

What a joke.

This Shocking Sydney House Sold For $1.96 Million

Photo: www.domain.com.au

In an auction that took place on the weekend, it took a simple four minutes to sell a completely run-down house for nearly $2 million. Ridiculous. 

It’s just another piece of evidence (that we don’t need) that shows the Sydney house market is pretty rekd right now.

The terrace house, located in Camperdown in Sydney’s inner-west, was snapped up by a couple for $1.96 million. No, not an international investor who wanted to knock it down and re-build: the buyers don’t even know what they want to do with it.

Photo: www.domain.com.au

They told The Australian that “we may end up living here, but we don’t know yet because we didn’t expect to buy it actually.

"We did the research, but I just didn’t expect that we would be the ones to get the house. We’re excited but aren’t quite sure what we’ll do with it yet."

The property sold for $110,000 over its asking price, and excluding inflation, $580,000 more than it was sold for back in 2014.

On Domain, the home is described as a “little cottage” that needs a “creative revamp”. The piece of land is approved fro a four-storey, 11-room boarding house for student accommodation.

Photo: www.domain.com.au

Photo: www.domain.com.au

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