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A look inside the ‘derelict’ Sydney property that’ll cost you $1 million

A Sydney property listing has gone viral on Twitter after it was valued at $1 million despite looking like a total wreck.

The two-bedroom property is located at 48 Queen Street in Newtown, and according to the listing it’s a “derelict dual level terrace” that’s “the ultimate fixer upper”.

Ladies and gents, feast your eyes on the latest in shabby chic. Introducing “derelict”, the amazing new style sweeping the harbour city.

Behold the kitchen, complete with a ripped out void where the sink should be, a hole in the roof and a broken oven.

Newtown 1.

Imagine the fun you’ll have in this bedroom containing a mysterious suitcase, assorted rags and a mug.

Newtown 2

How about the other bedroom with cracked walls and soiled mattresses? This place is a steal for a million dollars.

Newtown 3

This room comes with four or five discarded bug bombs and not one but TWO ironing boards!

Newtown 4

And your guests will be charmed by the bathroom which resembles a dungeon from one of the Saw movies.

Newtown 5

The house will be open for inspection from next Saturday through to March 17.

But there’s something you should know before you head down. “All attendees are required to sign a waiver prior to entry” and the listing prohibits “open toe shoes”.

The property listing drew attention after being shared online by Benjamin Law, a Sydney-based TV screenwriter, journalist and newspaper columnist.

At time of writing, the tweet has received over 5,000 likes and 2,000 retweets. Here is what the Twitterverse thinks about the house:

Sydney’s overheated property market is no stranger to bonkers prices.

In 2015, this place in Paddington sold for $1.2 million. It was then sold less than two years later for $1.7 million without being renovated (hmmmm, maybe the place in Newtown is a steal).

Despite a recent cooling, Sydney’s house prices have increased more than fivefold in the past two decades and are among the highest in the world.

About the author

Stefan is an Adelaide-based freelance writer. In his spare time, he plays tennis badly, collects vinyl and brushes up on his Mandarin. Follow Stefan on Twitter

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