‘Most popular house in 25 years’ has buyers queuing for hours despite worrying flaw

‘Most popular house in 25 years’ has buyers queuing for hours despite worrying flaw

The house is stunning

A five-bedroom house has attracted more interested buyers in one, four-day open home than an estate agent has seen in 25 years of his career, with people queuing for houses to view it.

The house, in Queensland, Australia, is situated just a few minutes from the beach and is priced at $599,000, £534,145 – an absolute steal for what it’s offering.

The house which is described by PRD Real Estate as a “perfect entry level home,” has five to six bedrooms including a master with an en-suite, as well as two bathrooms, a double garage with secure off street parking for up to six cars.

There’s also a separate laundry room and two separate entrances for potential dual living.

But there’s one catch – the house is sinking.

It was listed for an absolute steal because of the subsidence

Marketing agent Danny O’Donnell of PRD Burleigh Heads told News.com.au : “It was priced to reflect the fact that the block has subsidence” – hence the $100,000, £79,742 reduction off of the total cost of the property.

Although Danny admitted that he believed the subsidence would have eliminated a number of potential buyers, it seemed to have the opposite effect.

It boasts five bedrooms and two bathrooms, as well as large open-plan living spaces
Danny said the line of potential buyers at the open day ran down the length of the road

He listed the property on a Thursday afternoon and by the following Monday it was sold.

Those four days were the busiest of Danny’s 25-year long career.

He said: “I spent four days straight answering calls. Each time I hung up, I had seven new voice messages.”

He thought that the subsidence would put buyers off

More than 200 people turned up to visit the house on its open day, with the line stretching to the end of the street to ensure everyone stayed in line with social distancing measures.

Danny also asked the 20 groups who were allowed to inspect the house at a time, to do so as quickly as possible.

He said: “At the beginning of the open home I made a speech of sorts in the middle of the living room … I had to ask everyone to be as quick as possible through the home and then walk out through the side gate. I’ve never seen anything like it.”

Offers came flooding in too, ranging from $550,000 to $675,000, with a cash offer of $647,000 accepted from a local buyer.

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