This Barely-Standing, Tragic Attempt At Shelter Is Actually A Syd Home That’s Asking For $4.8M

A house in Annandale that’s basically falling apart at the seams is going for auction with a guide of $4.8 million, which is depressing on all fronts. Nope, that wasn’t a mistake or a typo. There is quite literally a dilapidated-ass house in Sydney’s inner west going for nearly five million bucks at auction. Not only that but the property’s agents aren’t even calling it a “renovator’s dream” or a “fixer-upper”. They’ve called it a “blank canvas” which means it could either be renovated to the eyeballs (which would cost another hundred thousand at least) or knocked down and you just start over on the massive block of land. So $4.8m for a dual-fronted chunk of land in the thick of Annandale with a property on it that you could sink money into either tizzying it up or demolishing it and starting fresh. Or you could turn into a block of flats, I suppose. Not sure where the positives are here, mates.

[Image: realestate.com.au]