PHOTO: There were about 60 people at the auction spread on both sides of the street. Source: News Limited
A historic Waterloo terrace listed as “not for the faint hearted” because of the derelict condition sold at auction Saturday for an unexpected $1.01 million.
The two-bedroom house on Morehead St had gone to market with an $850,000 guide and $900,000 reserve but sold for $110,000 over expectations after 15 buyers registered to bid.
Held by the same family for close to 80 years, the terrace built in the 1880s was uninhabitable and required significant work.
Rooms were cordoned off with caution tape and part of the ceiling at the back of the house was propped up by an old cabinet to stop it from collapsing.
READ MORE VIA NEWS.COM.AU
