‘Nothing has changed’: Brisbane’s worst house to go under the hammer

2 weeks ago 12

101 Philip Street, Hawthorne

Brisbane’s worst house will go to auction this weekend — nearly four years after it sold under the hammer fora mind-blowing $2,005,000.

And it would appear that nothing has changed.

Located at 101 Philip St in Hawthorne, the three bedroom, one bathroom house sits on a 810sq m block.

101 Philip Street, Hawthorne, has stunning city views

It last sold under the hammer in June 2021 in front of a crowd of around 300 people.

Back then, bidding started at $1 million and was followed by two bids, with the auctioneer calling it on the market at $1.8 million before the hammer came down at $2.005 million.

Ray White Bulimba agent Brandon Wortley handled the campaign back in 2021 and is coordinating the sale this time, alongside Daniel Lazzaroni.

“Nothing has changed, just the market,” Mr Wortley said.

“The owner has a DA for a single build but he had an opportunity come up elsewhere so decided to put it on the market.”

Since the property last sold, the median house price in Hawthorne has soared 20.6 per cent in three years and 96.1 per cent in five years.

“It is interesting because last time we had just three people through the door because there was not much to see,” Mr Wortley said, before adding there were 22 registered bidders on the day.

“The inquiry feels a bit more measured this time, more serious.

“Last time, it was every Tom, Dick and Harry.”

A new hone is being built next door

Back then, Mr Wortley said his office had fielded more than 150 inquiries in two weeks.

The property is now being marketed as “Hawthorne’s greatest development opportunity”.

MORE: MAFS star’s surprise home revelation

No-go zones: Aus’ riskiest suburbs exposed

Park that! What would you pay to park your car in Australia?

The view

“Situated on an elevated 810sq m site with point blank city views, this currently uninhabitable home offers vast opportunities for builders, developers or even families looking to write their own script and achieve their dream home,” the listing says.

“Philip Street is positioned in a blue chip and tightly held pocket of Hawthorne, only 6km from the Brisbane CBD with stunning panoramic views.

“This unique property is located in one of the area’s best streets, within walking distance to abundant cafes, restaurants, bars, shopping and transport options as well as the famed Hawthorne cinema precinct and Oxford Street within easy striking distance.

“Surrounded by large established family homes, the area is ripe for a high quality renovation and you would struggle to overcapitalise in such a high quality position.”