Diamond in the rough
Demand has never been stronger for renovator’s delights, with bargain hunters on the prowl.
There’s no kitchen, the upstairs windows are broken, plaster is falling off the walls, the bathroom is a shed in the backyard and someone has torched the living room.
This mouldy, unkempt and rickety terrace in Smithers Street, Chippendale, is in such poor condition that one of the upstairs bedrooms has been sealed to prevent would-be buyers from falling through the rotten floorboards.
"This is without doubt the worst place I’ve ever sold," says Walter Burfitt-Williams, sales executive from Ray White Double Bay. "And yet the response has been overwhelming. I had 62 groups through on Saturday I expect keen competition at the auction."