A dilapidated terrace house in the inner-west Sydney suburb of Camperdown has sold for $1.96 million, following an auction which lasted all of four minutes. Truly: yesterday’s sale of the 12 Sparkes Street property was settled in less time than it’d take to properly assess its real estate listing.
Speaking to The Australian, one of the new owners admitted this purchase actually took them by surprise, saying “we may end up living here, but we don’t know yet because we didn’t expect to buy it actually.”
For the record, the place sold for $110,000 over its asking price – and for $580,000 more than it sold for in 2014, without factoring inflation.
This sale is just the latest in an ever-lengthening series of wild purchases of objectively borked properties in the city.
Source: The Australian.