Rundown Camillo duplex is Perth’s cheapest home sale of 2023
A Washington real estate agent has abandoned traditional sales pitches and instead provided a raw and honest account of a fixer-upper to challenge all other fixer-upper properties.
The three-bedroom, one-bathroom Camillo duplex sold in March for just $140,000 and is believed to be the cheapest home sold in Perth this year.
Camillo, in the city’s southeast, has an average home price of $351,000.
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O’Neil real estate agent Mark Grogan didn’t have much to do — the derelict home didn’t even have a front door — so he took a creative approach when pitching it to homebuyers.
“That’s pretty tough, folks… ‘Pretty’ is generous because it’s ugly. Rough is courtesy,” Grogan said in an online listing for the house.
“‘Stuffed’ makes it sound like a cuddly teddy bear…which it’s not.
“’Screwed’ makes it sound like things are still attached…which they aren’t. Do you understand what I mean?”
Grogan described the house as “airy,” largely because it had no front door.
“It was taped inside when it was empty and now we have some paint to paint over,” he said.
“It needs a new kitchen, a new bathroom, doors, windows, floors and possibly other little things.”
Pretty much the only thing that worked in his favor was the fact that there were “brick walls and a roof,” and the agent acknowledged that it “needed a fair amount of work,” saying, “It is what it is “.
But someone clearly saw the house’s potential and snapped it up to hit a record low in 2023.
The sale took place on March 31, and given current data, it could actually prove to be a smart deal.
Figures released on Thursday showed that the Perth market rose 1.3 percent in May, taking the average home price in the Washington capital to $580,023.
Tim Lawless, CoreLogic’s director of research, said low housing supply nationally and rising demand are driving prices higher.
“With the supply of available residential property being scarce, buyers are becoming more competitive and there is a FOMO (fear of missing out) element creeping into the market,” he said.
