A Literal Hole In The Ground In Sydney Is Going For $1.3 Million
You should read the ad.
We’ve gotten to the point where an uninhabitable strip of land — you just can’t call it a house — in Sydney’s inner west will set you back $1.3 million.
Real estate agent McGrath has listed a house on 52 Juliett St, Enmore, which it describes as an “overgrown ‘Angkor Wat’ home”.
“Having succumbed to the passage of time, this neglected property is now requiring a new owner with some imagination to design and construct a contemporary home,” the property description reads.
Rustic.
It boasts cool features such as being “utterly derelict, falling down and exposed to the elements” and “one for builders/developers who see past its poor condition”. Flattering.
But thankfully, it’s not all bad news. If you’re the lucky one to nab this house, you’ll be “opposite some of the most grand, largest homes in the area.” What a relief.
Junkee gave the agent a ring to see if there had been any interest yet, but he hadn’t responded by the time we published.
To be fair, the ‘house’ is on 228 square metres of land, which is a pretty decent size for the area. And the property has three bedrooms (apparently?).
After doing some quick investigative journalism (Google Streetview), Junkee can confirm that the plot of land looks like a ten year old construction site.
Pic: Google.
If that interests you, you can head to the auction io
But if you are a little mad that a hole in the ground is going for that price, you’d have fair reason.
Sydney was crowned the second least affordable city in the world for housing earlier in the year — house prices are, on average, 13 times higher than the median household income. We beat out cities like Los Angeles, London and San Francisco. Melbourne came in at the fifth least affordable city.
And these high prices have a real harm: homelessness in Australia has increased by 14 percent in the past five years, according to the Australian Bureau of Statistics.
When a house without a roof is going for $1.3 million, that’s not much of a surprise.
You can check out the property listing here.