Renovator sold 48 times higher than its last price

first_imgThe massive back deck. Traditional features like fretwork have been maintained in the home.Agent Arthur Conias of Arthur Conias Real Estate – Ashgrove had marketed it as “destined for an outstanding future”.The home has three living areas, a rumpus room and an entertainment deck with a massive backyard that lead to a park.The house itself seemed well worth saving, judging by its traditional features including a double gabled roofline, high pressed metal ceiling, VJ walls, fret work, polished timber floors, French doors, bay and casement windows. 39 Hawthorn Terrace, Red Hill, was listed as having sold this week for $1.2m.A SEVEN bedroom fixer-upper has sold for 48 times its last sale price, landing a massive seven-digit price despite its rundown state.The three bathroom, single car garage home at 39 Hawthorn Terrace, Red Hill, had last sold for $25,000 in 1975, according to CoreLogic.Despite the fact that it had seen better days, the property still had three major factors in its favour – its location less than 5km from the Brisbane CBD, the fact that it was actually made up of two 405sq m lots plus its backyard backed onto a park.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoThe home is on a large 810sq m block.center_img The home backs onto a park.last_img

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