The worst house in the best street? Dilapidated 110-year-old wooden shack with a rusty tin roof and boarded-up windows goes sale for $1 million for first time in 50 years in exclusive Brisbane suburb

The worst house in the best street? Dilapidated 110-year-old wooden shack with a rusty tin roof and boarded-up windows goes sale for $1 million for first time in 50 years in exclusive Brisbane suburb

The worst house in the best street? Dilapidated 110-year-old wooden shack with a rusty tin roof and boarded-up windows goes sale for $1 million for first time in 50 years in exclusive Brisbane suburb

 

The worst house in the best street? Dilapidated 110-year-old wooden shack with a rusty tin roof and boarded-up windows goes sale for $1 million for first time in 50 years in exclusive Brisbane suburb

  • Decrepit 110-year-old two-bedroom cottage in Spring Hill, Brisbane, expected to sell for $1 million by tender 
  • It has bleached bare wooden weatherboards, a rusty tin roof and drain pipe, and boarded-up windows
  • On sale for the first time in 50 years after owner bought it off his parents for just $80,000 in 1990
  • Real estate agents says a third of the people calling want to move right in and restore the 'family crown jewel'

 

The tin roof is a rusted red, the weatherboards are bleached by a century of sun and the windows are boarded up - but this dilapidated wooden shack is expected to fetch more than $1 million.

Nestled between modern, recently painted homes in the exclusive Brisbane suburb of Spring Hill, the 110-year-old original worker's cottage looks out of place and frozen in time. 

Real estate agent Paul Howe said his phone was ringing off the hook about the two-bedroom house on York Parade and he expected it to sell for at least $1 million through an open tender.

The tin roof is a rusted red, the weatherboards are bleached by a century of sun and the windows are boarded up - but this dilapidated wooden shack in Brisbane is expected to fetch more than $1 million

The tin roof is a rusted red, the weatherboards are bleached by a century of sun and the windows are boarded up - but this dilapidated wooden shack in Brisbane is expected to fetch more than $1 million

Real estate agent Paul Howe said his phone was ringing off the hook about the two-bedroom house on York Parade and he expected it to sell for at least $1 million through an open tender

After 50 years in the same family its ageing owners have finally decided to move on and sell their beloved home to the highest bidder, knowing developers will want to tear it down. 

'There's a lot of emotions tied up in this old home he grew up in, it really was the family crown jewel,' Mr Howe told Daily Mail Australia.

'But they are finally ready to de-clutter their lives and move on now he is getting close to retirement.'

The current owner bought the house from his parents in 1990 for just $80,000, after living in it almost all his life from a quarter-century earlier than that.

After 50 years in the same family its ageing owners have finally decided to move on and sell their beloved home to the highest bidder, knowing developers will want to tear it down

After 50 years in the same family its ageing owners have finally decided to move on and sell their beloved home to the highest bidder, knowing developers will want to tear it down

Nestled between modern, recently painted homes in the exclusive Brisbane suburb of Spring Hill, the 110-year-old original worker's cottage looks out of place and frozen in time

Nestled between modern, recently painted homes in the exclusive Brisbane suburb of Spring Hill, the 110-year-old original worker's cottage looks out of place and frozen in time

The house sits on a street in the rich suburb surrounded by modern buildings built decades later

The house sits on a street in the rich suburb surrounded by modern buildings built decades later

But even that long ago was not even half the age of the cottage from a bygone era that Mr Howe described as a renovator's dream due to its perfect location.

'The location is phenomenal, it's 10 minutes walk for everything you could possibly want and only 1.5 kilometres from the heart of the Brisbane CBD and next to a thriving cafe culture,' he said.

'It's a very rare site for development, there's only three like it in Spring Hill with any opportunity.'

The house was also close to numerous schools, hospitals, parks, golf and tennis courts, gyms and swimming pools.

Its 304-square-metre block had a huge yard behind the small cottage and backed on to a laneway meaning it could be redeveloped to have a rear access or even subdivided into two properties.

It is considerably smaller than surrounding houses and could be expanded into a bigger home or subdivided

It is considerably smaller than surrounding houses and could be expanded into a bigger home or subdivided

Its 304-square-metre block had a huge yard behind the small cottage and backed on to a laneway meaning it could be redeveloped to have a rear access or even subdivided into two properties

Its 304-square-metre block had a huge yard behind the small cottage and backed on to a laneway meaning it could be redeveloped to have a rear access or even subdivided into two properties

The location is phenomenal, it's 10 minutes walk for everything you could possibly want and only 1.5 kilometres from the heart of the Brisbane CBD and next to a thriving cafe culture

The location is phenomenal, it's 10 minutes walk for everything you could possibly want and only 1.5 kilometres from the heart of the Brisbane CBD and next to a thriving cafe culture

However, Mr Howe said a third of the potential buyers calling from around Australia wanted to move right in instead of demolishing it.

'It's still a very solid house in its construction and has lots of character as traditional workers cottage that many people come past to look at because of the heritage,' he said.

'Another third of people calling me are investors who want to buy it and sit on it without knocking it down.'

The tender ends on August 31 and all redevelopment plans are subject to council approval.

Originally Published: http://www.dailymail.co.uk/news/article-4709428/Dilapidated-110-year-old-wooden-shack-sale-1m.html 

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