Real Estate

Dilapidated western Sydney shack a bargain buy

Written by The ReReport
As seen in the Source link, written by on 2019-11-08 11:29:00

This dilapidated shack on nearly 2000 sqm could be yours for under $200,000.

A dilapidated western Sydney shack on nearly 2000 sqm of land owned by Endeavour Energy is on the market for $179,000.

The property, located at 291 Mount Irvine Road, Mount Wilson, was purchased by the energy provider Endeavour Energy prior to the 2017 sale of more than half of their ownership rights.

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Stonemason acreage sold under the hammer

The shack needs a little more than a coat of paint.

Sealed road all the way to the property.

The company had initially purchased the land to install a backup generator on in an attempt to minimise the amount of blackouts in the local area.

Iris Property Kurrajong Heights agent Martin Schoeddert said the struggle for the potential buyer would be what to build on the property and what materials to use.

Perfect for those who want to be surrounded by bushland.

The sealed road continues by the property to a turning circle.

“Because it is zoned RU2 rural landscape and in a flame zone there are a lot of hoops to jump through and restricted materials you cannot use,” he said.

“It is a property not for the faint hearted but you could build a lovely off-the-grid eco-friendly weekender and come out of it cheap.

According to the agent this is Lyrebird country.

“The Valuer General gave a price estimation of around $177,000 and Endeavour Energy cannot sell it for less than that.”

He added the property had been on the market for the past 12 months and he simply would love to get rid of it.

You could potentially build your ideal off-grid eco home like this one.

“It’s interesting how much land the company has picked up over the years and there is possibly more coming on in the future along the Great Western Highway but this one is particularly remote,” he said.

“There is a sealed road right to the property – only tricky thing is electricity would have to come from quite some distance away and would cost around $43,000.”