Inside the dilapidated property.
Musty, mouldy, crumbling homes, including an inner west property understood to have been occupied by a hoarder, are some of the spring property listings commanding millions.
The properties – some requiring hundreds of thousands in repairs just to bring them back to a liveable standard – are expected to attract strong buyer interest because they offer a “blank canvas” for renovators to bring their own taste to the home.
But agents have warned the renovation jobs were not for the “faint-hearted” and many of the mum and dad renovators contemplating taking on the project would be in for a rude awakening if they didn’t do their homework.
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Inside the North Strathfield dump.
Inside this North Strathfield home, listed with a $1.5m price guide, there is what appears to be rotting wood, cracked plaster, mould, dirt and dust covering the floors and walls.
An array of pink, purple and yellow half finished paint jobs cover the walls in the front room, while the rest of the house has cr
acks, missing parts of the ceiling with rust and grime covering appliances.
The backyard has been swallowed by trees, overgrown vines, with planks of wood strewn across the backyard.
Located at 3 Napier St, it is speculated that the previous owner was a hoarder, but those reports are unconfirmed.
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Inside one of the bedrooms.
The backyard of the North Strathfield home.
“A lot of people can get scared … but it’s a great opportunity most people will want to renovate and make something of it,” said lead agent Dib Chidiac.
He estimated it would cost atleast $200,000 to renovate, depending on what the new owners wanted to do. The home is set to go to auction on 21 November.
Another dilapidated property has been listed in Woollahra with holes in the roof and floors with the agents recommending anyone wear a mask because of the risk of the unidentifiable old dust on the property.
It has a price guide of $1.5-$1.6m, with listing agent Raine & Horne Randwick director Craig Sewell said they have had over 100 email inquiries in the property.
“Mainly they’re interested in the price point,” he said.
102 Oxford Street, Woollahra.
The property at 102 Oxford St appears to have been left untouched for years, with peeling plaster, graffiti on one of the walls, dust and dirt covering surfaces and floors.
Newspapers from 1945 were also uncovered from underneath the lino in the house.
“The roof needs replacing, I can see the sky,” Mr Sewell said.
The agents had only began managing the property since March and didn’t know how long it had been left untamed before then.
The agents have set out hazard tape so anyone inspecting the property stays within the lines due to the holes in the floor posing a risk for patrons.
The guide is considerably under the median price for a house in the suburb which is currently $4.72m, down 5 per cent compared to 12 months ago according to PropTrack data.
“A few builders are wanting to do it, there’s young professionals but mainly architects, it’s a mixed bag,” Mr Sewell said.
Hazard tape due to holes in the floor.
Located across the road from Centennial Parklands, it is in a very desirable location near Bondi Beach and Westfield Bondi Junction.
Mr Sewell also said the property can also be extended up to the back fence, which was attractive to buyers.
The home is being auctioned at Cooley Auctioneers rooms due to the potential unsafety of people on the property, set to sell on November 12 at 5pm.
In Paddington, another dump with images showing cracking plaster, dirt covered stained carpet and what appears to be mould on the wall has been recently listed at 9 Cecil St.
Dishevelled kitchen.
Crumbling walls.
Only listed in the last day, the agents currently have no price guide or indication of what it would take to make the property liveable.
Ms Cleary however sold another Paddington property recently in “similar condition,” for $2.85m.
“The estimates for that home were spending $300,000 to live in or $1.5m to get it really up to something special,” she said.
“This however has the stables at the back to do a garage with a studio at the top,” he said.
The sink.
The old barn /stable out the back.
The same family had owned the property and passed it down for multiple generations and it was being offered to market for the first time.
It is now a deceased estate and was reportedly lived in until recently.
Ms Cleary said there is plenty of interested buyers in unrenovated homes.
“There’s always an appetite for these kind of properties … that person that wants to do it there are people who renovate already renovated properties to their own taste,” she said.
“Lots of people have bought terraces and done them up, there’s much fewer in original condition now.”
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