{"id":39256,"date":"2022-06-24T20:42:31","date_gmt":"2022-06-24T08:42:31","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=39256"},"modified":"2022-06-24T20:42:31","modified_gmt":"2022-06-24T08:42:31","slug":"millionaires-only-dilapidated-estates-eye-popping-price","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/millionaires-only-dilapidated-estates-eye-popping-price\/","title":{"rendered":"Millionaires only: dilapidated estate\u2019s eye-popping price"},"content":{"rendered":"<p><strong>PHOTO: 137 Annandale St\u00a0<\/strong><\/p>\n<p id=\"story-intro\" class=\"g_font-body-l\">\u2018Blank canvas\u2019 might be the nicest thing you can say about this inner-city property but eager buyers have stunned locals by lining up to throw the chequebook at it.<\/p>\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img fetchpriority=\"high\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/e1ee80133ee6c10f6af9e247308c4522\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The land size on offer is rare for the suburb.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The land size on offer is rare for the suburb.<\/strong><\/em><\/p>\n<div id=\"primary-media\">\n<div class=\"media image\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_huge_image\"><img decoding=\"async\" class=\"responsive-img_img primary-image\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/84e0494980f4818483ac37d7dd4c75cb\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 100vw, 1024px\" srcset=\"https:\/\/content.api.news\/v3\/images\/bin\/84e0494980f4818483ac37d7dd4c75cb?width=150 150w, https:\/\/content.api.news\/v3\/images\/bin\/84e0494980f4818483ac37d7dd4c75cb?width=320 320w, https:\/\/content.api.news\/v3\/images\/bin\/84e0494980f4818483ac37d7dd4c75cb?width=650 650w, https:\/\/content.api.news\/v3\/images\/bin\/84e0494980f4818483ac37d7dd4c75cb?width=1024 1024w\" alt=\"137 Annandale St, Annandale\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>137 Annandale St, Annandale<\/strong><\/em><\/div>\n<\/div>\n<div id=\"story-body\" class=\"g_font-long-format\">\n<div class=\"description g_font-long-format\">\n<p>It has visibly soiled carpets, walls stripped bare of paint and a shed seemingly built from offcuts of corrugated iron, but only multi-millionaires need register for the auction of this dilapidated house in Annandale.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/profile-your-business-for-12-months-in-2019\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/09\/Yvonne-Bradley-460x270.jpg\" alt=\"\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/09\/Yvonne-Bradley-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/profile-your-business-for-12-months-in-2019\/\" rel=\"bookmark\">Profile your business (for 12 months) \u2013 ONLY $499 INCL GST<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<p>The Federation house at\u00a0137 Annandale St\u00a0has been listed for sale through BresicWhitney Estate Agents Glebe with an auction guide of $4.8m while being marketed as a \u201cblank canvas\u201d in need of renovation.<\/p>\n<p>Photos of the house show water damage on the ceilings and grime on the walls and door frames while the carpet appears mottled with mould.<\/p>\n<div class=\"media image kskd-media\" data-kiosked-context-name=\"kskdUIContext_01g6adkn20k327pwsrz2fx0489\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/1c0f68db1540b6f9ded17e8ef442fe37\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"Welcome home to 137 Annandale St.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>Welcome home to 137 Annandale St.<\/strong><\/em><\/div>\n<p>A wall on one side of the foyer is covered in patches of white paste and much of the plasterboard covering the nearby architrave is missing, revealing cracks within the crumbling surface beneath.<\/p>\n<p>A shanty style shed with makeshift windows is at the back of the house.<\/p>\n<p>Selling agent Chris Nunn said the land size and location of the property were what gave it its multimillion-dollar value.<\/p>\n<div class=\"media image side-by-side\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/679fbe1ef51a774f42c7a8dba2bdb919\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The main residence is thought to have been built in the early 1900s.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The main residence is thought to have been built in the early 1900s.<\/strong><\/em><\/div>\n<div class=\"media image side-by-side kskd-media\" data-kiosked-context-name=\"kskdUIContext_01g6adkn248b0kr3wqjft6h5w5\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/a9215620729d28398f65ef95e29a03b9\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The self contained extension at the rear.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The self contained extension at the rear.<\/strong><\/em><\/div>\n<p>\u201cFor something to come up on one of the best streets in Annandale at 664sq m \u2013 it\u2019s a complete rarity,\u201d Mr Nunn said.<\/p>\n<p>While the block has potential for subdivision, subject to council approval, Mr Nunn said interested buyers were attracted to the possibility of knocking down the \u201clight construction\u201d at the rear and extending the main residence or adding a studio at the back.<\/p>\n<div class=\"media image side-by-side\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/187991537b61b42aa24a437c11aa8e17\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The carpet appears mottled with mould.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The carpet appears mottled with mould.<\/strong><\/em><\/div>\n<div class=\"media image side-by-side\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/517b9f322a9acaee5933cfc53d67c83c\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"Some of the walls are in need of repair.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>Some of the walls are in need of repair.<\/strong><\/em><\/div>\n<div class=\"media image side-by-side kskd-media\" data-kiosked-context-name=\"kskdUIContext_01g6adkn20k327pwsrz2fx0489\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/69ae503a10ea8cff65685f118e400ad8\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The shed has seen better days.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The shed has seen better days.<\/strong><\/em><\/div>\n<p>\u201cWhoever buys that block, so long as they have the money to develop it, would want for nothing in terms of a bespoke family residence,\u201d he said.<\/p>\n<p>\u201cThe main dwelling would need to be retained, most likely, because it is in a conservation area.\u201d<\/p>\n<p>\u201cYou would simply add and extend to the side and back \u2013 you\u2019d be able to put around 350-400sq m of internal space in the residence or split that between 300sq m in the residence with a 100sq m studio in the rear.\u201d<\/p>\n<div class=\"media image side-by-side\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/425c498169836a6882163d74fa83b60b\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The main kitchen.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The main kitchen.<\/strong><\/em><\/div>\n<div class=\"media image side-by-side kskd-media\" data-kiosked-context-name=\"kskdUIContext_01g6adkn20k327pwsrz2fx0489\">\n<div class=\"responsive-img\" data-desiredimagesize=\"block_large_image\"><img loading=\"lazy\" decoding=\"async\" class=\"responsive-img_img inline-image ls-is-cached lazyloaded\" src=\"https:\/\/content.api.news\/v3\/images\/bin\/fbb697312704ad5777d2a6cc44ae683a\" sizes=\"(max-width: 600px) 100vw, (max-width: 1000px) 50vw, 650px\" alt=\"The bathroom has mismatched tiles.\" width=\"1024\" height=\"768\" \/><\/div>\n<p><em><strong>The bathroom has mismatched tiles.<\/strong><\/em><\/div>\n<p>The house includes a double storey dwelling with four bedrooms that is thought to be built in the early 1900s and a self contained extension with an additional living room and bedroom.<\/p>\n<p>The property goes to auction on July 9.<\/p>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/sydney-nsw\/dilapidated-annandale-house-to-be-auctioned-with-48m-guide\/news-story\/95a09c9c6f48f54212dd08867ca0ebb3\">NEWS.COM.AU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: 137 Annandale St\u00a0 \u2018Blank canvas\u2019 might be the nicest<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/millionaires-only-dilapidated-estates-eye-popping-price\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":39257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478121926,478104309,478098512,478098521,478121928,478121930,478121927,478121929,478098519,478098535,478108217,478110443,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098509,478098536,478098618],"class_list":["entry","author-data123nz","post-39256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-137-annandale-st","tag-annandale","tag-australia","tag-australians","tag-bresicwhitney-estate-agents","tag-chris-nunn","tag-eye-popping-price","tag-federation-house","tag-home-ownership","tag-house-prices","tag-nsw-property","tag-nsw-real-estate","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- 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