Weathered Brunswick weatherboard has big price tag
Long-time owners of a ramshackle Melbourne residence are hoping to cash in $1.7 million for their poor-condition pad.
The three-bedroom property at 460 Albion St, Brunswick West, is priced between $1.6 million and $1.7 million and benefits from its 826.5sq m block.
The circa-1908 unrenovated property last sold for just $145,000 in September 1994, according to CoreLogic, and has been lived in — to the surprise of some passers-by — during that time.
Nelson Alexander Brunswick agent Carl Sacco said the home had some period details, but the land was the main attraction.
It was not recommended for heritage inclusion due to its low integrity.
“It is a good block which offers multi-level development opportunities,” Mr Sacco said.
“It will appeal to developers as well as investors looking to do something in the future.”
The allotment has more than 20m of frontage with a gentle gradient in a residential zone.
Mr Sacco said there were a couple of parties interested.
“You never say never on a buyer coming along and renovating the house,” Mr Sacco said.
“But we are really looking to sell the land, which is more valuable.”