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A derelict cottage that’s too rundown to live in has sold for $1.52 million, with its new owners hoping the suburb will soon become a real estate hotspot.
With peeling green paint, rusted roofing, broken windows, exposed piping and hideous floral curtains, the 1950s weatherboard home appeared far from a must-buy.
However its location in the up-and-coming Sydney suburb of Manly Vale made it a hit among buyers on Saturday.
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The derelict home has peeling green paint, a rusted roof and an unlivable interior, but that didn’t deter potential buyers