Real Estate

Renovator’s delight for sale in unlivable state

Written by The ReReport

AN unlivable house in East Geelong with no floor, walls or ceiling is the classic definition of a renovator’s delight.

It is one of several properties for sale across Geelong in desperate need of a renovation, or knock down.

Whitford, Newtown agent Heidi Trempel is selling 274 McKillop St, East Geelong and said her first impression when walking inside the house was “wow”.

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The property is clearly unlivable in its current state with no floor, walls or ceiling but Ms Trempel said a lot of behind the scenes work had already been done on the property.

“The couple that bought it (in 2017 for $530,000) were going to do a major renovation and turn it into their home but circumstances have changed,” she said.

“It has been taken back to basic bones, they have put some dollars into it. It does scare some people without basic knowledge, it will attract a builder or tradie.”

The house has been restumped, storm water drains redirected, asbestos cladding removed, gas and phone disconnected, title re-establishment, land surveyed, soil test completed and engineering specifications are available as are working drawings for an extension.

The property is for sale for $599,500-$659,000.

Buyer’s advocate Tony Slack said buyers needed to be prepared if they wanted to purchase a renovator’s delight.

“You will want to bring the experts in right from the start as there are a lot of things you can’t see with the naked eye,” Mr Slack said.

“Cosmetically it might look good but if you scratch the surface you might find it has been covered up for sale.”

Mr Slack said it was worth spending extra money for an expert.

“Some properties might have really good bones and be structurally sound and other places could cost a lot of money to get it to a certain standard,” he said.

He said there weren’t as many quick flip renovations at the moment as they were not as viable as they used to be, but buyers were still keen to buy a renovator’s delight so that they could put their own touch on it.

A house with stained carpet, dirty walls and no cupboard doors in the kitchen is for sale at 139 Wilsons Rd, Newcomb and is being marketed as a renovator’s delight.

The original three-bedroom house is on 744sq m of land and is ready for its next chapter.

Buxton, agent Matthew Pearce is taking the property to auction on December 15 at 11am with price hopes of $410,000-$440,000.

Two properties in Belmont that are both going to auction before Christmas also need a full renovation or need to be knocked down to start again.

For the brave and bold buyers of 9 Amundsen St they could renovate the existing residence or start from scratch on the 987sq m block of land.

Ray White, Highton agent Matthew Constantine is taking the property to auction on December 20 at 7pm with price hopes of $550,000-$600,000.

Meanwhile 5 Donald St is unlivable in its current state.

An optimistic purchaser will recognise good bones and there is potential to rebuild, renovate or subdivide, subject to council approval.

McGrath, Geelong agent is taking the property to auction on December 20 at 11am with price hopes of $329,000-$349,000.

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