Pub or church? Rundown Coburg property sets off imaginations
Was it a pub or a church?
This blank canvas with decrepit interiors has set off buyers’ imaginations.
The single-fronted period home at 42 Reynard St
, Coburg is set to go under the hammer on May 11 with a $570,000-$620,000 price tag.
RELATED: Families cash in on their prized Fitzroy homes
Waterfall backyard, cave basement feature at one of Melbourne’s most unique homes
Tightly held Balnarring Beach gets second buyer this year
Barry Plant Inner City Group agent Chris Kavanagh said the vendors owned the home for about 25 years and the interiors including high cathedral ceilings reminded potential buyers of a church or the inside of a pub.
“They rented it out for decades but it is now in a rundown position,” Mr Kavanagh said.
“The property needs a full renovation from top to bottom.
“But the next person can come in, turn it into something special and write a new chapter in its history.”
At the front of the home is the main and mezzanine second bedroom.
It moves to the living area with exposed brickwork, timber beams and an original brick fireplace.
To the rear is the rustic kitchen and bathroom with a claw foot bath.
“The property is best suited for a young family or couple in the area,” Mr Kavanagh said.
“It could be turned into something amazing with the right vision.”
Mr Kavanagh said the polychrome brick facade would almost certainly be retained.
“I imagine it will likely be renovated into a two or three-bedroom modern family home,” Mr Kavanagh said.
“The facade is one of the most popular features that people would pay extra for rather than knock it over.
“But, from the front door onwards, I expect construction throughout.”
The property last sold for $82,000 in 1989, according to CoreLogic.
Unrenovated Northcote house thrills in first sale in 42 years
Melbourne family outbids three others for renovated home
Renovated cottage sells for $1.055m