An inner-city hoarder’s house called ‘the worst house on the best street’ has sold for almost 60 times its original purchase price.
The property located in New Farm, a riverside inner suburb of Brisbane, sold for a whopping $1.3million at an auction on Saturday.
The original owners had lived in the property for almost 50 years, with the house last selling for $22,000 in 1973, realestate.com.au reported.
It had taken five people about ten days to move almost 100 cubic metres of junk from the premises prior to the auction.
A Brisbane hoarder house (pictured) has sold for $1.3million – 60 times its original purchase price almost five decades ago
Pictures from inside the property show it filled to the brim with junk before an incredible clean out
The property’s original owners had lived in the property for more than 45 years and it took five people about ten days to move almost 100 cubic metres of junk from the premises
The property (pictured) located in New Farm, a riverside inner suburb of Brisbane, sold for a whopping $1.3million at auction on Friday, compared to selling for just $22,000 in 1973
The two-storey house, located at 140 Annie Street, pulled in more than 40 spectators including nine registered bidders.
A bidding war between interested parties saw the price hit quickly pass the seven figure mark.
Belle Property auctioneer Paul Liddy said prior to the auction he had expected the property to reach more than $1 million, describing the property as a ‘unicorn’.
‘Underneath the years of accumulated stuff, the home revealed the lovely bones as the ultimate renovator’s dream,’ Mr Liddy had told the Courier Mail.
‘I’ve only seen a handful of hoarder homes in my career, and this is the first that has blown me away with the gold we have uncovered underneath all the junk,’ he said.
Incredible photos from before its stunning transformation had showed rooms filled to the brim with junk.
The two storey house (pictured) situated at 140 Annie Street pulled more than 40 spectators including nine registered bidders
‘I’ve only seen a handful of hoarder homes in my career, and this is the first that has blown me away with the gold we have uncovered underneath all the junk,’ Belle Property auctioneer Paul Liddy had said
After nine bids, and auction attendees spilling out onto the street, the house was sold under the hammer for $1.3 million
Photos after the mess had been cleared revealed an almost unrecognisable home which has further potential with more renovations.
But as the property is heritage listed, the new buyers will not be able to demolish it.
Mr Liddy said the sellers, who inherited the property, were ecstatic with the result and revealed that although they were emotional due to the house’s history, the price exceeded their expectations.
He said the buyers were a young couple not originally from Queensland, who were keen to turn it into their family home.