Here's another even more difficult property for sale in Redfern.
http://www.realestate.com.au/property-house-nsw-redfern-115062595
Link is now showing pictures of the rooms. Gives you an idea how rough it is. Let's get a few bets of what it will go for. I say about $875k.
It goes to auction on 9 November. When I viewed it about 30 people were queued up in the street to inspect it.
4 bedrooms in very dilapidated state. Depressing comes to mind. Kitchen almost non existent. Front room downstairs smells of large hairy dogs. I think this is where they were kept by the elderly owner. Can't smell it in rest of house. Heavy nicotine stains on pressed metal ceilings in most rooms. Wall where staircase is has old style cheap fake panelling which I suspect is covering up a brick wall in poor or damaged state. When I tapped the panelling downstairs I could here sand (mortar or broken bits of brickwork) falling underneath. Balcony to upstairs front room looks like it will collapse if you walked on it, guttering rusted out. A lot of walls need to be replastered.
The pluses...very high ceilings, original pressed metal ceilings, floorboards possibly ok in places if you ripped up the old carpet, good sized rooms, very good location in George Street close to Redfern Street shops.
Needs entire new kitchen, new bathroom, probably a cement floor in front room to get rid of dog odours, new balcony upstairs, iron fence spear heads? replaced on front fence, replace damaged guttering, look at wall near staircase downstairs and upstairs (this could be major $ to repair), probably some tin roofing sheets replaced, floors sanded if floorboards ok (couldn't tell but felt firm enough underfoot...might be some form of sheeting under the carpet in places though), definitely needs to be cleaned more, replastered and repainted with lots of repairs to walls etc and electricals checked...replaced.
If a buyer had some very solid reno experience this could make a substantial reno project and ultimately a very satisfying job to undertake.