PHOTO: The 1920s-era home in Auckland was auctioned off on Thursday for $1.45 million. Barfoot & Thompson
- A house in New Zealand with no toilet has sold at auction for $1.45 million.
- The 100-year-old home was marketed as a place “in need of urgent renovation.”
- This sale follows the landmark auction of a Sydney home – also with no toilet – for $3.5 million.
A derelict home with smashed-in doors and no toilet was sold this week in New Zealand for a cool $1.45 million (NZ$2.075 million).
“There’s no need to spend money fixing someone else’s mistakes or undoing their questionable taste. 39 Ariki St provides you with a blank canvas to do it once, do it right and do it your way,” wrote real estate agents Matt O’Rourke and Ryan Harding on the listing.
The agents emphasized that the home’s prime location made it “the most affordable character entry to homeownership” available in the upscale suburban Grey Lynn district.
New Zealand news site Stuff, which first reported on the sale, said the auction on the three-bedroom property, which sits on a 5,000 sq. ft. lot, opened at NZ$1.7 million (around $1.19 million) and closed at NZ$2.075 million.
The hefty price tag on this ramshackle property may come as no surprise to those who live in New Zealand. The Guardian reported in March this year that soaring prices have pushed average buyers out of the market, even for entry-level homes. In Auckland, where this bungalow with no bathroom was sold, the median price of a house is now ten times the median nationwide income for New Zealanders.
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