Property Development

Berkeley Vale cannabis drug house Central Coast’s biggest reno project?

Berkeley Vale cannabis drug house Central Coast’s biggest reno project?
Written by The ReReport
As seen in the Source link, written by couriermail.com.au on 2019-05-16 00:15:25

21 Wyong Rd, Berkeley Vale.

A ‘must sell’ house in Berkeley Vale that was once a fiery crime scene with up to 500 hydroponic cannabis crops discovered inside, is up for auction.

The property at 21 Wyong Rd was a blazing inferno back in April 2017 when police attempted to enter inside, but were forced back due to the intensity of the flames.

The cops later discovered the drugs when the fire was out.

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NORAVILLE’S GOLDEN PROPERTY STRIP

The property is a burned out shell.

But with a view likes this and some artistic vision, a renovator could score their dream project.

What is now left would have to be one of the biggest property projects currently listed on the Coast…although for the right buyer, there is an opportunity to create something unique.

Agent Phillip Martin from First National The Entrance said that the home was basically a knockdown, although some brave buyers had expressed interest in a structural renovation.

“There is one lady, a professional flipper, who has just finished doing another burnt out home in Maitland,” he said.

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“We’ve seen interest in about the $250,000-$300,000 bracket which is land value minus the cost of a demo.”

Set on a 544sqm sloping block and including views of Tuggerah Lakes and The Entrance district, the property offers a blank canvas for buyers interested in a challenge.

As it is a Mortgagee in Possession sale, the market value of the home will be determined at auction, which will take place on Saturday, 15 June at 10.30am. The ad listing states that the fire damaged home “must be sold”.