Its ceilings have collapsed, the floor has fallen through and the backyard is strewn with junk.
But in Surry Hills, where a 150-square-metre block is prime real estate, that was not enough to stop a buyer forking out $1.6 million on the derelict terrace.
The dilapidated property at 43 Waterloo Street – once home to a hoarder – sold on Tuesday morning after less than a week on the market.
A dilapidated terrace at 43 Waterloo Street, Surry Hills, is on the market with a price guide of $1.6 million. Photo: BresicWhitney Darlinghurst.
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