An abandoned two-storey house has hit the Sydney property market, listed at an eye-watering $2.5 million despite being in an “unlivable condition”.
The property at 1 Vaughan Place in Redfern East is so overgrown with plants its walls are barely visible from the outside.
Inside, simple plaster walls are coated in what looks like mould and rust.
Vines have also made their way inside and hang from the vaulted ceilings in the living room.
The listing claims the property was designed and built in 1985 for a “prominent Australian artist”, though its former owner is unnamed.
Inside, surprisingly beautiful details hint at the home’s past.
Some rooms are furnished with highly coveted vintage furniture, including an ornate cane lounge, solid wood sideboards and art still hanging on the walls.
In another part of the home, a ceramic Chinese pedestal stands abandoned. A coat can be seen still hanging in the bedroom closet.
A three-seater dining set occupies the centre of the dilapidated garden, which is barely distinguishable from the house, while terracotta pots are scattered around haphazardly.
It’s difficult to tell from the but the home is actually two storeys, with the top half of the home completely taken over by vines.
Despite its obvious setbacks, the two-bed, one-bath home is listed with a buyers’ price guide of $2.5 million.
Realestate.com.au describes the house as a “rare opportunity to build new residence”.
“It’s well past its prime and offers an opportunity to write its next phase,” the listing reads.
The inner west property sits on a double block of land totalling 270 square-metres and includes off-street parking — a rare perk for central Sydney.
It’s one street back from the Eastern Distributor toll road.
The listing comes as property prices all over Australia continue to climb.
There was speculation at the start of the year that interest rate hikes could bring prices down, but that is yet to materialise.
National home prices experienced a low in December 2022 but have climbed every month since. PropTrack estimates that, if Sydney prices continue to grow at the same pace, they could hit a record peak once again in December this year.