Shepparton home’s bright paint job to put vendors in the black
A Shepparton house so colourful it’s provoking laughter from prospective buyers is set to put the owners well into the black.
The kitchen is blue and red, with orange tiles on the floor. The lounge room is known as the green room. The hallway is bright orange, and half the bedrooms have pink walls.
And most people would be green with envy when they consider the home is now likely to sell for ten times what the vendors paid for it.
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The former commission house at 14 Colliver Rd is only a few colours short of being its own rainbow, but it’s brightening people’s day as if it were the real deal, according to Cardamone Real Estate director Peter Cardamone.
“It has been very well received on the market,” Mr Cardamone said.
“A lot of people have giggled and laughed about it.
“It is by far the most colourful home I’ve sold. It’s not a boring house, that’s for sure.”
And despite viewing it with a sense of humour, buyers are looking past the bright palette.
“But people can see past it to the good bones underneath,” Mr Cardamone said.
“Though a lot of people are talking about it having white paint very quickly after they buy it.”
And while the $175,000-$185,000 asking price might seem affordable compared to Melbourne’s $700,000 median house cost, the owners could leave the neighbourhood green with envy.
Sales records show the family paid a little more than $17,000 for it back in 1976.
Mr Cardamone added that they would have spent a little more on the eclectic paint job about 10 years ago, though the reasons behind it had been forgotten.
He’s tipped an investor to swoop on it fairly quickly, with a prospective tenant already lined up.
CoreLogic records show the home is well below the wider town’s $275,000 median house price, and Mr Cardamone said anything under $250,000 in the town typically sold very rapidly.
And while Melbourne’s median house price fell 4.1 per cent in the past year, Shepparton’s rose 1.9 per cent.
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“The Shepparton and Mooroopna market are outstanding value,” Mr Cardamone said.
“If you aren’t considering these areas as an investor, then you aren’t a serious investor. This area is the best value in country Australia.”