https://reiwa.com.au/7-dawson-street-armadale-4887544/
created by rebelmumma on 02/02/2025 at 11:27 UTC
278 upvotes, 77 top-level comments (showing 25)
The description of the property:
“Whether you're looking to subdivide, or simply enjoy a home on a large block, THIS PROPERTY IS A MUST SEE. Opportunities like this are rare, with loads of potential - act now before it's gone!
INSIDE This classic 3-bedroom, 1-bathroom home boasts a functional design with well-sized bedrooms, a spacious living area, and a practical kitchen and dining layout. The dining room provides direct access to the outdoor space, creating a seamless indoor-outdoor flow perfect for entertaining or everyday convenience. The home offers an excellent foundation for first-home buyers or savvy investors.”
SEAMLESS INDOOR OUTDOOR FLOW? It has NO WINDOWS.
No ceilings in most rooms.
Practical kitchen layout? If you want e-coli maybe.
This is a fucking joke.
Comment by Jovial1170 at 02/02/2025 at 11:35 UTC
292 upvotes, 7 direct replies
People won't be buying that for the house itself. The appeal is the large block. Yeah the description is a bit of a joke but it's not like they are going to write "yeah we know you're gonna demo this dump, haha it's a fuckin shithole hey".
Comment by heavyfriends at 02/02/2025 at 11:33 UTC
175 upvotes, 4 direct replies
Only 4 min from the Armadale CBD though.
Edit: seriously though, why can't they just say something like "yeah look, we know it's a shithole, but if you demo it and rebuild you have 800sqm that in 10-15 years time might be worth something"
Comment by ArgonWilde at 02/02/2025 at 11:34 UTC
97 upvotes, 4 direct replies
I mean, yeah, it's literally falling apart in the photos, but 800+ squares for 400k is pretty good...
Comment by JehovahZ at 02/02/2025 at 11:40 UTC
30 upvotes, 3 direct replies
This is what you get in Sydney https://www.realestate.com.au/property-residential+land-nsw-glenfield-203835860?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile[1][2]
Essentially a small driveway where they label sample floorplans "Artists Impression" to protect from legal issues when you can't build anything reasonable.
Like fancy food images with "Serving Suggestion".
Comment by djscloud at 02/02/2025 at 12:22 UTC
21 upvotes, 1 direct replies
Oh gosh this is just up the road 🤣
But that land would probably be worth that much. We are sitting on half that here, and our land alone has been estimated at about $300K now (seems ridiculous to me, when we were looking at buying in 2021, we were looking at a property on 1000sqm with an established semi-decent house (looks like a gem compared to this one anyway 🤣) for $280K, so seems bizarre the jump).
And we are VERY close to that house, it is walking distance to the shops, close to parks, schools and the train station once up and running is going to be a very big draw card. Plus proximity to Armadale road without being RIGHT on top of it.
The house would be a tear down (or a REALLY enthusiastic reno project), and the money would be in the property itself. When we were looking for land in this area, soon as you found anything over 400sqm it got divided in two and sold as two tiny lots instead of one big decent one. 800sqm would be divided in 2, maybe even 3 smaller blocks, sold for at $300K, and then you’d turn a profit once you demolish that disaster.
Comment by Few_Speaker_7818 at 02/02/2025 at 12:13 UTC
13 upvotes, 2 direct replies
That is a big block, and for 400k even if it is in Armadale, that's basically land value. I've seen houses on 300sqm blocks in Armadale area going for 650+ I don't think you can even get a unit in Armadale for much less that 450-500k. I will add, O'Neil RE are one of the most professional REA's I've encountered. I have had several dealings with them from tenant to seller and hopefully soon landlord and they have been very professional and fair every time. Compared to Harcourts who I also dealt with, they are saints in comparison.
Comment by Suspicious_Round2583 at 02/02/2025 at 12:50 UTC
10 upvotes, 2 direct replies
Off topic, but, fuck I hate the word "boasts" in real estate ads. How can an inanimate boast anything. It HAS 3 bedrooms.
Comment by Defiant-Temperature6 at 02/02/2025 at 12:11 UTC
8 upvotes, 0 direct replies
This is basically a block of land that once purchased its your responsibility to demolish the building.
Comment by cantfindaname321 at 02/02/2025 at 11:55 UTC
6 upvotes, 0 direct replies
It's just the land value but the agent is taking the piss with that description
Comment by MontysMumma at 02/02/2025 at 11:55 UTC
6 upvotes, 0 direct replies
There's been a couple of houses in Kelmscott and Gisnells that are worse than this and sold for over $500k. Someone will snap it up.
Comment by Randomuser2770 at 02/02/2025 at 11:35 UTC
11 upvotes, 1 direct replies
REA is trying to drum up interest. Like that one in gosnells that was fucked awhile ago and REA did a bit of comic video about it and it went about $200K over asking. I bet whoever brought it had massive buyers remorse
Comment by Perth_nomad at 02/02/2025 at 12:26 UTC
4 upvotes, 0 direct replies
Oneil RE is the agents for ‘extreme derelict houses’ for sale in SE.
It is point if difference between all the other agents operating in the area.
Make a funny advertisement, film a video, sold within a day…it is their thing…
Comment by Own-Specific3340 at 02/02/2025 at 14:25 UTC
3 upvotes, 0 direct replies
Wait for an eastern stater to snap it up, do diddly squat and rent it out for $550.
Comment by moldypancakebun at 02/02/2025 at 11:47 UTC
8 upvotes, 0 direct replies
It's just land value. Anyone who buys is doing a knock down rebuild in a decent sized block.
Comment by mikjryan at 02/02/2025 at 12:20 UTC
8 upvotes, 0 direct replies
Because the block is zoned so that you can have multiple dwellings or sub divisions on it? This is a good price, it’s a very large block by today’s standards.
I really think people in Perth were so naive to how low property prices were in compared to other states. It wasn’t going to last and it’s not going to get better.
Can we find a 860 square block in any suburbs of Melbourne or Sydney for 400k?
Comment by TzarBully at 02/02/2025 at 11:38 UTC
5 upvotes, 1 direct replies
I mean look yeah the building on it is complete trash and probably not to be lived in. The land size is quite generous, I know Armadale as a whole (hole) has gone up a lot I wonder how much you’d get for divide it into 4 blocks.
Tbf I reckon you’d walk out with some money. I just don’t know how fast land would actually sell in armawhole though.
Comment by customtop at 02/02/2025 at 11:46 UTC*
3 upvotes, 1 direct replies
Before we know it real estate agents will be winning creative writing awards
Some mental work to write this description, that's for sure
Comment by ulittlerippa at 02/02/2025 at 11:47 UTC
3 upvotes, 0 direct replies
Comment by universalserialbutt at 02/02/2025 at 11:54 UTC
3 upvotes, 0 direct replies
Ready to rent $850pw
Comment by Joseth211 at 02/02/2025 at 12:06 UTC
3 upvotes, 0 direct replies
Got a decent fence.
Comment by bigvanvador at 02/02/2025 at 12:13 UTC
3 upvotes, 0 direct replies
Rustic!
Comment by DjinniFire at 02/02/2025 at 13:49 UTC
3 upvotes, 1 direct replies
You see this all the time, although usually they don't bother with any photos inside.
Comment by TrueCryptographer616 at 02/02/2025 at 12:04 UTC
6 upvotes, 1 direct replies
Is it just me, or is that actually overpriced?
By the time you demolished the house, get rid of the asbestos etc. You wouldn’t be looking at much change out of half million. For a block in Armadale? By the time you build a house, you looking at a minimum all up $800,000, to live in fucking Armadale
Even if you subdivide, and split the block down the middle, I just don’t see the attraction.
Comment by Nuclear_corella at 02/02/2025 at 12:34 UTC
2 upvotes, 0 direct replies
Might go for a walk and have a look. I have flirted with the idea of becoming a slum lord........
Comment by TheAussieWatchGuy at 02/02/2025 at 15:21 UTC
2 upvotes, 0 direct replies
Own your own sh1thole, in Armadale no less! That's a Castle mate!