‘Worst house in the best street’ sells for half bayside suburb’s median price

Detailed summary

A pair of first home buyers outmuscled four flippers to nab the property, which is in dire need of some TLC.

A pair of first home buyers outmuscled four flippers to nab the “worst house in the best street” - paying $676,000 under the hammer in an auction described as “the government changes in action”.

In dire need of a renovation to fix the leaky roof, remove the pigeons from the ceiling and rid thewalls of asbestos, the deceased estate at 66 Boxgrove Avenue, Wynnum, attracted five property flippers, with four battling it out against the first home buyers after a phone bidder opened at $400,000.

The five then duked it out in slow rises until the hammer fell 30 minutes later.

“This is the government [Budget] changes in action,” said selling agent Zoe O’Connor of Ray White Bulimba.

“They [the buyers] have been bidding for homes in suburbs like Acacia Ridge … this is the cheapesthouse they could have possibly found in Brisbane City Council,” she said.

“They thought it was so out-of-reach, and I’m so glad they were brave enough to take the plunge, and it will set them up for their rest of their lives now … they were crying when they got it.”

Domain’s latest House Price Report shows Wynnum’s median is $1.35 million.

O’Connor said the home received an unconditional $800,000 offer during the campaign, which wasknocked back.

The deceased estate belonged to a beloved musician and librarian who spent decades filling the three-bedroom home with books, records and collectables. Before it hit the market, volunteers and professionals spent months decluttering and removing an infestation of snakes and rats from the yard.

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