1920s cottage

Derelict 1920s cottage with no access to power or a back door sells for more than $2MILLION

PHOTO: A dilapidated 1920s cottage with no access to power or even a back door has sold for over $2million in the Brisbane suburb of New Farm

  • Abandoned 1920s cottage sold for over $2million in Brisbane suburb New Farm
  • 58 people bid on the derelict shack that has no access to power or a back door
  • Property sold to developers who plan to bulldoze the shack and build two houses
  • Cottage is just one of many unliveable homes that are selling for millions

A dilapidated 1920s cottage with no electricity or a back door has been sold for more than $2million, as real estate agents say now is the time to buy.

The auction attracted 58 hopeful homeowners to the grimy cottage on Friday, which is located on Browne Street in the Brisbane suburb of New Farm.

The 570sqm property sold to Damien Zullo of Z Corp Developments who will bulldoze the cottage and build two homes on the lot, the Courier Mail reported.

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