Home infested with termites and dead animals on the market for eye-watering price
A HOME infested with termites and dead animals has sold for a eye-watering £464,000.
The filthy property, located in Brisbane, Australia, was flogged by estate agents, despite a warning to potential buyers that it “wasn’t for the faint hearted.”
“It was literally the worst house in one of the nicest streets.”
The estate agents confirmed that the buyer has no immediate plans for the property, after intending to secure the profitable land for the time being.
But located just a 15 minute drive from the Brisbane central business district, Kathy believes the home is a wise investment for the future.
She added: “If you restore [the property] back to its original condition, and you left it on the 615sq m block, you could get upwards of $1.2 million (£674,000).”
“If you built a new one, you could be looking at a lot more, depending on how many bedrooms and bathrooms.”
Yesterday, The Sun revealed a couple’s story of success after revealing how they transformed a run-down £8,000 home into a £232,000 B&B business in just five years.
The pair say they will add £224,000 to the property's value by the time the rental business opens next year after doing most of the work themselves.
Read More on The Sun
Owner Jennfier Coomer told the Sun: "Obviously, it wasn't a get rich quick plan, and it would take years to turn it into a successful business.
"But we are still working on our goal and hope to be a lot closer to our dream once our Halifax home is up and running."