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The house at 75 Bowral Road in Mittagong will be auctioned on Saturday.
An old crumbling shack in the Southern Highlands has rotted for years and is too dangerous for buyers. It will be a property for auction this weekend.
Hut in Bowler Road Mittagong has been beyond repair, 80% of the roof and most of the doors are gone.
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It seems that long periods of carelessness have caused damage to properties with old fireplaces, exterior walls and roof beams.
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The property covers an area of 763 square meters.
Approximately 10 first-time homebuyers, developers and Sydneysiders are expected to compete 75 Bowral Road, And its minimum guide price is US$400,000.
CoreLogic reports that this is nearly A$800,000 lower than the current median house price in Sydney.
Ray White Mittagong’s sales agent Rick Mooney said buyers cannot enter the house in an open house because it is “dangerous”.
He said: “We have closed the house completely with duct tape because it is dangerous and it is not safe for anyone to enter.”
The fireplace is the only thing that is still intact.Image: Sean Hansen/Ray White Mittagong
The door broke off the hinge.Image: Sean Hansen/Ray White Mittagong
“The only thing left is the fireplace and the walls.”
Mr. Mooney said that due to rising housing prices, people are very interested in moving from Sydney to the Southern Highlands.
“Although the Southern Highlands is by no means a cheap place, many Sydneysiders find it is far more cost-effective than Sydney,” he said.
Due to its R3 zone, developers who purchase dilapidated cottages can also consider building duplex apartments.
![real estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 768 1024"%3E%3C/svg%3E)
Security Risk.Image: Sean Hansen/Ray White Mittagong
Looking forward to the next chapter.
It is expected that the land price property will cost the buyer another 27,000 USD demolition expenses to demolish the house.
There were 1,216 scheduled auctions in Greater Sydney this weekend, an increase of 471 from last weekend. Despite the long weekend of the Queen’s birthday, CoreLogic reported that Sydney was still able to achieve a strong liquidation rate of 74.1%.
According to Realestate.com.au, three houses, including 75 Bowral Rd, will be auctioned in the Southern Highlands on Saturday.
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