A suburban home with no kitchen or toilet and a snake-infested backyard sells for $4.7 million more than DOUBLE the price of the next most expensive home on the street — so what makes it special?
- A Sydney house with no kitchen or toilet and a yard full of snakes and spiders has sold for $4.7 million m
- The four-bed Federation house in Kensington was $2.1 million more than the street record after it went up for auction
- The property is ‘uninhabitable’ with semi-finished renovations and a back wall that is missing, exposing the inside
A Sydney house with no kitchen or toilet with a snake-infested backyard has sold for $4.705 million – more than $2 million more than the street record.
The four-bedroom “uninhabitable” Federation house on the corner of two leafy streets in Kensington went $205,000 over the reserve, breaking the latest highest sale of $2.6 million.
Despite the exorbitant price, the house has no toilets and no kitchen – with neighbors saying snakes lived in the medium-high grass.
‘The grass was overgrown for years, very long and untouched’ FROM Farah Partner Martin Farah told Daily Mail Australia.
“There was everything, anything and everything in that backyard.”
A Sydney home without a kitchen or toilet with a snake-infested backyard has sold for $4.705 million – more than $2 million more than the street record
The ‘uninhabitable’ four-bedroom house on the corner of two leafy streets in Kensington went $205,000 above reserve and nearly the highest sale of $2.6 million on the street
The Federation House is completely dilapidated, with peeling paint, half-finished renovations and the back wall demolished, covered in tarpaulin
The main selling point of the property is the 556.4 sqm of land on which it stands, a huge platform given its eastern location and proximity to the CBD.
The Federation House is completely dilapidated, with peeling paint, half-finished renovations and the back wall demolished and covered with tarpaulin.
‘There has been no life for fifteen years. They started and stopped renovations and finally decided the market was up and it was time to sell,” said Mr Farah.
It was subject to a heavily contested auction with buyers from around the world tuning in from the US, Hong Kong and the United Arab Emirates.
According to real estate agent Joe Recep, half of the questioners wanted to restore the house and the other half demolish and rebuild.
The house is run down with unfinished surfaces and peeling paint throughout the property, sitting on 556.4 sq ft
Many rooms have undergone a partial renovation after 15 years, making the house completely ‘uninhabitable’
The house at 25 Duke Street, Kensington, sits on a huge 556.4 sq ft plot and is in close proximity to the CBD
According to Mr Farah, the house was so sought after, especially with larger buyers, because of its R3 designation.
‘The corner location and the zoning – where you can set up units or terraces or townhouses. That combined with the great location’, he says.
There were two to three bidders competing for the house at the end of the auction before it was finally won by a buyer who had only seen the house five minutes earlier.
NG Farah has been a fixture in Sydney’s eastern suburbs for 60 years.