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I actually don't know the prices for the area, except that they are high, and people will pay a premium because of the proximity to churchie. You say you could put your hand through the wall and that the "panelling" has termite damage. Do you mean the VJ? If so, then as long as the damage...

If it is in a demolition control zone, it cannot be pulled down. Of course, you could just demolish it anyway, but the council may decide not to pass your building plans as a payback. Just clicked the link. So glad you posted. I saw this house in (I think) the local paper during the week. I...

Curious to know what suburb, if you don't mind sharing.