Buyers from Sydney migrate to $ 574,000 in abandoned unit


Even his agent says the condition of this apartment at Potts Point in Sydney, with a $ 550,000 price guide, is "absolutely shocking" and the floor is so unstable it's like "walking on eggshells."

But the 50 square foot abandoned space at 9/5 Wylde St has some redeeming features.

"You can play Harbor Bridge," says Joshua Orly of Ray White, who shares the list with his playmate Shaun Stoker, jokingly.

"When you enter you are graced by that view of the Harbor Bridge and the city skyline and it is spectacular."

There are certainly a lot of people checking in – it was the most overlooked property in the eastern suburbs on last week.

You can touch the Harbor Bridge, says the agent. Photo / Provided
You can touch the Harbor Bridge, says the agent. Photo / Provided

"Inquiries were going through the roof," Orly said, but those who take the property seriously before the April 10 auction were "people of the industry – builders, interior designers and architects."

They can do all the work alone and unlike many inner-bedders a city is a decent size at 50 square feet.

He said the price guide has tried some early buyers, but they soon change their mind when they see it.

"It takes a lot of work," Orly admits.

"It's being sold by the NSW Trustee and the Guardian so we do not know how it got to the current state – all I know is that it will definitely be sold at auction.

"And it's really a unique property and I have not seen anything like it in a long time."

A neighbor of a fully renovated bed next door, which also overlooks the harbor, is for sale with BresicWhitney, with a $ 700,000 price guide.


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