‘Nothing has modified’: Brisbane’s worst home to go beneath the hammer

Brisbane’s worst home will go to public sale this weekend — almost 4 years after it bought beneath the hammer fora mind-blowing $2,005,000.

And it could seem that nothing has modified.

Situated at 101 Philip St in Hawthorne, the three bed room, one toilet home sits on a 810sq m block.

It final bought beneath the hammer in June 2021 in entrance of a crowd of round 300 folks.

Again then, bidding began at $1 million and was adopted by two bids, with the auctioneer calling it available on the market at $1.8 million earlier than the hammer got here down at $2.005 million.

Ray White Bulimba agent Brandon Wortley dealt with the marketing campaign again in 2021 and is coordinating the sale this time, alongside Daniel Lazzaroni.

“Nothing has modified, simply the market,” Mr Wortley mentioned.

“The proprietor has a DA for a single construct however he had a possibility come up elsewhere so determined to market it.”

Because the property final bought, the median home value in Hawthorne has soared 20.6 per cent in three years and 96.1 per cent in 5 years.

“It’s attention-grabbing as a result of final time we had simply three folks via the door as a result of there was not a lot to see,” Mr Wortley mentioned, earlier than including there have been 22 registered bidders on the day.

“The inquiry feels a bit extra measured this time, extra critical.

“Final time, it was each Tom, Dick and Harry.”

Again then, Mr Wortley mentioned his workplace had fielded greater than 150 inquiries in two weeks.

The property is now being marketed as “Hawthorne’s best improvement alternative”.

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“Located on an elevated 810sq m website with level clean metropolis views, this presently uninhabitable residence provides huge alternatives for builders, builders and even households trying to write their very own script and obtain their dream residence,” the itemizing says.

“Philip Road is positioned in a blue chip and tightly held pocket of Hawthorne, solely 6km from the Brisbane CBD with gorgeous panoramic views.

“This distinctive property is positioned in one of many space’s finest streets, inside strolling distance to considerable cafes, eating places, bars, procuring and transport choices in addition to the famed Hawthorne cinema precinct and Oxford Road inside simple putting distance.

“Surrounded by giant established household properties, the world is ripe for a top quality renovation and you’d wrestle to overcapitalise in such a top quality place.”

The property consists of a double block on two titles zoned LMR2.

Additionally it is flood free and strolling distance to Lourdes Hill School and Churchie.

The public sale will probably be held at 9am on Saturday, April 5.