Builders and developers are turning their attention to a highly anticipated auction at a vacant and deteriorating family home, despite its selling agent warning its condition is “worse than it appears in photos”.
The five-bedroom, three-bathroom residence is unoccupied and has been vandalised.
It is located at 377 Mona Vale Rd, St Ives and is set to go under the hammer on July 25 with a $1.7m to $1.87m price guide.
The home is listed with Coco Cui Roskam of Ray White Upper North Shore.
Ms Roskam said the dual-level brick property has drawn a mass of buyer inquiries.
“The home has sat entirely neglected and subject to vandalism for years, after the original local owner was forced to suddenly vacate due to deteriorating health,” Ms Roskam said.
377 Mona Vale Street, St Ives
Inside the home
Signs of the home sitting idle at length include an existing in-ground pool, which has since deteriorated into a green, murky pond.
According to Ms Roskam, the neglected home offers underlying potential, including for a brand-new luxury estate or execute a comprehensive architectural overhaul, subject to council approval.
“While the residence requires an absolute top-to-bottom transformation or complete demolition, it sits on an impressive, level 929.5 sqm parcel of land,” Ms Roskam said.
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The residence requires an absolute top-to-bottom transformation or complete demolition, according to its agent
Outside, an existing in-ground pool has since deteriorated into a green, murky pond
“It is a true blank canvas in one of the Upper North Shore’s most resilient and sought-after pockets,” Ms Roskam said.
The home is close to local transport to Gordon Station and Macquarie University, St Ives North shops, and private schools Sydney Grammar Preparatory School and Brigidine College.
Prospective buyers and attendees for upcoming open homes have been advised to park in nearby Gowrie Close and use the Montys Walk pedestrian pathway to safely access the property.
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