A house on Enmore’s “best street” has hit the market, but prospective buyers will need to be prepared to knock it down and start again if they want a piece of the trendy area.
Located at 52 Juliett Street in Sydney’s inner west, the house has been so neglected that real estate listing photos show it covered in graffiti, the roof overgrown with weeds and vegetation, and boarded-up windows.
Listing agent LJ Hooker Newtown described the three-bedroom, one-bathroom property as a “hidden gem” in a key location.
Also read: ‘Drive by only’ Sydney house sells for $1.35m
Also read: Dilapidated Brisbane home sells for $1 million: ‘Incredible potential’
Also read: Unliveable Sydney house sells for $1.9 million
“Having succumbed to the passage of time, this property is now requiring a new owner with some imagination to design and construct a contemporary home,” the real estate listing says.
“It's set on 227sqm in Enmore's best street, a walk to Enmore's cool restaurant strip, Enmore Park, Annette Kellerman Aquatic Centre and Marrickville Metro.”
The property is just a short walk away from Enmore Road, which was named the coolest street in Sydney in 2022 by Time Out, as well as King Street and Newtown train station.
It’s also located on a “generously sized block for the area”, the listing says.
Given the property’s rundown state, it is being marketed as land value only. According to realestate.com.au data, the property was last sold in 2018 for $1.255 million.
While the property will need some serious work, the listing noted it could be “one for builders/developers/architects that see the potential”.
The property is going to auction and has no price guide provided online. However, according to Domain’s latest data, the average price for a three-bedroom home in Enmore is $1.8 million, with 17 sold this year.
It’s not the only dilapidated Sydney house to hit the property market recently. Last weekend, an Annandale house with a collapsed roof, broken front door and boarded-up windows sold for $1.35 million.
Earlier this year, a terrace house in Redfern – which was left completely covered by plants after years of neglect – sold for a whopping $3 million.
Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to our free daily newsletter.
One of the most popular New Year’s resolutions comes with a price, and many Aussies have been squandering their cash all year. Find out more.
Australia’s biggest bank will slash another 192 jobs, bringing its total staff cuts to more than 1000 in the past year, as part of its automation initiative.
In the lead-up to Christmas, Aussies are on the lookout for savings, and Amazon is about to launch some major deals.
A rental property available in Dandenong, Victoria, has been slammed as ‘unlivable’. Take a look inside.
The Australian Taxation Office is warning businesses to pay up before they are named and shamed.
A new Brisbane restaurant promising to bring diners to “new heights” requires that they strap in and be breath-tested before enjoying a $500 meal.
Ms Sainsbury has revealed exactly what it was like living in such a brutal environment ahead of her appearing on reality series SAS Australia.
The two former commoners who will one day be queen mirror each other in more ways than one. Read more.
Rescuers fear guests at the wildlife sanctuary targeted the protected animals with metal arrows. Read more here.
The device has been illegal since the 1980s yet a Victorian resident found it activated under her car on Thursday.
The model, who has taken some time away from work due to her ongoing battle with Lyme Disease, shared an impromptu photoshoot on Instagram over the weekend.
Hundreds of people are dead after a surprise attack on Israel this weekend, but at home it’s the statements made by the PM and Foreign Minister that have drawn criticism.
Anti-Semitism is on the rise in Australia, according to the Prime Minister, as he condemned the unprecedented assault on Israel.
Anthony Albanese and Sunrise host Natalie Barr have clashed during a Monday morning interview about his future should the Voice to Parliament fail.
Putin scales up troop presence and deployes reserves north of Bakhmut to stop Ukraine’s advancing counteroffensive
Australians are being urged to brace for seven months of severe weather after the Bureau of Meteorology released a dire forecast.
Eddie Jones' side have suffered their first-ever World Cup exit in the group stage. Read more here.
Shani Louk, 30, a German tattoo artist, was in Israel attending a music festival when she was captured by Hamas militants who stormed the area in a surprise assault at the weekend.
Mitch Marsh had a nightmare with the bat and in the field. Read more here.
The incident occurred at Pompey’s Pillar site in Alexandria