A three-bedroom house listed for auction at a bargain price has sparked huge interest, despite one major problem.
The property in Frankston, on the outskirts of Melbourne, has not been lived in for 30 years and promotional material admits the auction listing is “beyond repair”.
Although no one has lived in 17 Brooklyn Avenue Since 1995, it has not been completely empty, and generations of local children use the 900 square meter vacant lot as a clubhouse.
They have tagged and painted almost every wall inside the property, while the real estate agent is afraid to walk through the door in case it falls to the ground.
Aaron Froling of Foster Froling Real Estate had to use a drone to take photographs of the interior, which apart from the graffiti shows no further damage.
There is ivy growing on the roof, the back shed is riddled with asbestos.
Froling also believes the siding may also contain asbestos.
Despite having more cons than pros, the property has attracted 5,000 online views since it appeared online two weeks ago, curious about the asking price of between $525,000 and $575,000.
This three-bedroom home (pictured) has garnered a lot of interest with its asking price of between $525,000 and $575,000.
The house (pictured) in the Melbourne suburb of Frankston has not been lived in for 30 years and advertising for the sale describes it as “irreparable”.
Generations of local kids have been using the 10,000-square-foot vacant lot as their clubhouse and leaving graffiti tags (pictured) everywhere.
Hundreds of online viewers have saved the listing for further consideration, while 30 have inspected the property, which is about three times the normal levels for homes in the area.
Last sold for $51,300 in 1985, the property now needs someone to “bring it back from the dead,” according to the agent.
“The owners were there for about 10 years, then they moved to Canberra and never came back, so it sat empty,” Mr Froling said. wellbeing.com.au.
‘Local kids have been using it, hanging out after school, so there’s graffiti and tags. But they haven’t been malicious and broken things. They just use it as a clubhouse.
Ivy grows on interior walls and in the bathroom (pictured), as well as running through the ceiling.
Although bargain hunters inspecting the property are not allowed inside the house, for security reasons, Froling said “the interest has been enormous.”
The house is very affordable, “but the question is what are you going to do with it once you own it?” said.
“It’s going to take a hardcore builder, the kind of builder who can bring things back from the dead.”
The agent said tearing it down and rebuilding it on the site was an option, especially when a new home there could be worth about $1.4 million.
Drone images taken from the interior show that the blinds and wallpaper are mostly intact, although ivy grows on the interior walls and in the bathroom, as well as running through the ceiling.
The neighbors have maintained the lawn and gardens well in recent years, although
Froling said another option is that the property could be converted into up to three units.
The property will go on sale on January 18.