Brisbane's 'uninhabitable' shack receives multiple offers

A run-down house in Brisbane, Australia, is expected to sell for millions despite its poor condition. The property has been uninhabited for over 25 years and is described as "possibly unsalvageable" on the market listing. Located at 23 Chermside Street in the Grange area, the house has issues like termite activity and is home to a family of possums. It covers two 405sqm blocks in a popular neighborhood, making it an attractive investment for buyers considering redevelopment. The listing mentions that buyers might want to renovate the house or develop the land, pending council approval. Even though the structure is in bad shape, five offers have already been made, with expected sale prices between $2 million and $2.5 million. The property's selling agent, Cayle Blaxland, noted the house has major structural concerns. Many local residents want to preserve the pre-war home, but he acknowledged that restoring it could be costly. He emphasized that the current construction climate makes such renovations challenging. Families are particularly interested in this area due to its proximity to good schools and parks. Recent sales in the neighborhood show that similar properties can fetch very high prices after renovation.