A dilapidated Sydney home with holes in its floor, collapsed ceilings and beams supporting the staircase has sold for a whopping $1.6million.
The Waterloo Street terrace house near central station was listed on Friday, with an eager buying scooping it up just four days later.
Up to 10 people inspected the two-storey home, which was deemed so dangerous to view that those entering had to sign a waiver.
A dilapidated Sydney home (pictured) with holes in its floor, junk in the backyard and beams supporting the staircase has sold for a whopping $1.6million
The terrace house (pictured centre), located on Waterloo Street near central station, was listed on Friday and saw an eager buying scoop it up just four days later
The four-bedroom, two bathroom house previously had sat empty for years and been used by squatters, after its last tenant abandoned the home, Domain reports.
Up to $70,000 was spent removing rubbish from the property before it could be put up for sale, with its listing then calling for ‘brave renovators’ to tackle the renovation task.
‘We’ve all seen the TV shows… how hard can it be?’ it asked.
Only the facade is expected to remain however, with selling agent Darren Pearce saying it will be a big job despite the property’s potential.
The four-bedroom, two bathroom house had previously had sat empty for years, with the living area (pictured) destroyed
The back-yard didn’t fair much better, strewn with junk, but offering potential thanks to its size and rear laneway access
Up to 10 people inspected the property, but had to sign a waiver given the danger of the collapsed floors
‘(Some people) didn’t realise how bad it was going to be, and didn’t even want to go in once they got there,’ he said.
The real estate agent called it the worst house he had seen and even reportedly got sick after inspecting it for the first time.
Apart from the mess and destruction, the central Sydney abode also features a rear access laneway and courtyard, as well as balcony leading off the master bedroom.
The 150sqm property, which sold for a revised reserve, is estimated to require up to a further $1million for the rebuild.
Real estate agent Darren Pearce listed the home and called it the worst he had seen, even getting sick after inspecting it for the first time
The 150sqm property is estimated to require up to a further $1million for its rebuild