No. 1 Linden St at North Gosford has sold following a successful viral campaign.
A stripped-out house in North Gosford described by the agent as renovated “one punch at a time” sold at auction for $535,000 – a price reported to have left the seller in tears.
The four-bedroom house on Linden Street was in derelict condition because of a renovation that was begun but abandoned. There were holes in the walls and a mould-infestation in the kitchen.
Eleven bidders registered with Gittoes agent Richard Faulkner and Matt Gravas.
MORE: Inside Karl Stefanovic’s new waterfront mansion
2020’s most popular homes show tastes are changing
Seller’s plan to get record low price backfires
The home has a few holes in the wall.
Mr Faulkner said he never expected the price to pass $500,000. He produced a tongue-in-cheek video for the property where he showed all of the problems. It went viral.
Realestate.com.au confirmed the ad was the most viewed listing on its portal in NSW so far this year, with more than 350,000 page views. The marketing video on YouTube racked up 100,000 views.
The strong result was some $85,000 above the $450,000 guide, which is roughly the same price as a typical apartment in the suburb.
RELATED: Mum and Dad list after kids destroy home
Bit of rubble to clean up.
More holes and a nice gap in floor.
Majority of buyers who inspected the property during the campaign expressed interest in undertaking a mini reno as opposed to a knock down rebuild. It was also a hit with first homebuyers looking to get into the market.
Sitting on 689sqm of land near the centre of Gosford, the property has overgrown gardens at the rear, a rusted shed and lots of rubbish tucked underneath the house.
Complete with a bespoke mouldy splashback, the kitchen has been partially renovated with modern appliances. The mouldy theme continues in the bathroom, where mould can be found on the ceiling and in the shower, but at least there is a roll of toilet paper.
The kitchen has a half completed renovation.
There is a mould problem in the kitchen.
The main bedroom has an “open plan ensuite” with a missing shower screen and the walk-in wardrobe is missing a door.
The timber deck is slowing falling apart after years of ignoring any upkeep, while some interior floorboards are missing completely.
Mr Gravas said the property fell into disrepair after the long-term owners moved away and left it to their kids.
Additional reporting Aidan Devine
SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER
The post Viral North Gosford home in need of major renovation leaves seller ‘in tears’ after selling above guide appeared first on realestate.com.au.