• The roof is no longer attached to the walls, and the backyard is overrun with weeds, but this central Wellington bungalow is attracting plenty of would-be buyers, despite a current rateable value of $540,000.

Interested buyers cannot even look inside the 1930s three-bedroom house in inner-city Mt Cook, after Wellington City Council deemed it was dangerous and earthquake-prone late last year.

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MONIQUE FORD/FAIRFAX NZ
With its paint-chipped exterior and backyard overrun with weeds, the 296sqm property would require a lot of love to bring it up to scratch.