Information Corp Australia Community
A RUNDOWN cottage within the coronary heart of the Townsville CBD has bought underneath the hammer for $256,000.
Ian Clarke of Ian Clarke Actual Property took 273 Stanley Street to public sale on Saturday in entrance of a 50-strong crowd of onlookers.
He stated there have been 11 registered bidders on the day.
“It was arduous fought, chipping all the way down to $1000 bids at occasions to lastly promoting underneath the hammer at $256,000 after 33 bids,” Mr Clarke stated.
It bought to a neighborhood purchaser, in what Mr Clarke described as an public sale that “definitely stunned everybody”.
The property was bought on behalf of the Public Trustee and whereas a bit worse for put on, its location within the centre of the town proved in style with patrons.
The brick entrance porch was virtually non-existent, components of the gutter had come away, home windows had been boarded up and the 208sq m block was strewn with fallen branches and twisted foliage.
There’s simply two bedrooms and one rest room.
Previous to public sale day, Mr Clarke stated the property had been in style.
“Though not the prettiest residence within the space, that is extra about its prime location,” the itemizing for the cottage stated, including that it was a “flip of a coin” as as to whether the cottage must be renovated or knocked down.
However location is essential, with a hoarder home bought by Mr Clarke in West Finish final 12 months attracting a staggering 39 registered bidders and a 100-strong crowd.
Bidding began at $150,000, with “11 or 12” patrons making a play for that Public Trustee property, with the hammer falling at $280,000.