Two-bedroom home in Redfern, Sydney, expected to sell for over $2.5million ... trends now
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A long-abandoned home that has been taken over by the elements is expected to sell for millions due to its prime location.
The real estate agent for the two storey home in Redfern just 5km from Sydney CBD, has called its auction a 'rare and special opportunity'.
The now 'uninhabitable' home was supposedly built in 1985 for a prominent Australian artist and was last sold in April,2000 for $645,000.
It currently has an auction price guide of $2.5million.
'An abandoned house, discreetly tucked away on a quiet back street in Redfern East,' the property's description reads.
'The freestanding dwelling sits on a double block of land totalling 270sqm. It's well past its prime and offers an opportunity to write it's next phase.'
A two storey home (above) on One Vaughan Place in Redfern is expected to sell for more than $2.5million
The home is 'uninhabitable' but its empty adjacent block of land has caught buyers' eye (pictured, the property boundaries for One Vaughan Place, Redfern)
The property boasts an empty adjacent block of land and off-street parking - a rare find
