Millionaires only: dilapidated estate’s eye-popping price SydneyRealEstate SydneyProperty
A wall on one side of the foyer is covered in patches of white paste and much of the plasterboard covering the nearby architrave is missing, revealing cracks within the crumbling surface beneath.Selling agent Chris Nunn said the land size and location of the property were what gave it its multimillion-dollar value.The self contained extension at the rear.
“For something to come up on one of the best streets in Annandale at 664sq m – it’s a complete rarity,” Mr Nunn said. While the block has potential for subdivision, subject to council approval, Mr Nunn said interested buyers were attracted to the possibility of knocking down the “light construction” at the rear and extending the main residence or adding a studio at the back.The shed has seen better days.
“Whoever buys that block, so long as they have the money to develop it, would want for nothing in terms of a bespoke family residence,” he said.“You would simply add and extend to the side and back – you’d be able to put around 350-400sq m of internal space in the residence or split that between 300sq m in the residence with a 100sq m studio in the rear.
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