A hoarder’s house was so unsafe not even the agents could go inside. No bank would lend against it. But it went 10 per cent over reserve to a cash buyer.
The uninhabitable two-bedroom, one-bathroom heritage terrace home on 169 square metres at 45 Bellevue Terrace in Fremantle sold at auction for $508,000.How long was this on the market?
Also, it was purple title. This means the property was shared with a neighbour. There are two dwellings on one parcel of land so you share all the land. They’re tricky – banks don’t on lend on those. Honestly, it wasn’t attractive at all. There were so many curveballs.It’s a very simple process, but everyone needs to be in agreement. In this case, his neighbour wasn’t in agreement.The neighbour put up a notice on the day of the auction saying: “In case you didn’t know, we won’t change the title.