If you’re not into cooking or showering, this could be the property for you.
A South Melbourne home has hit the market for more than $1 million but is lacking two major features: a bathroom and a kitchen.
Related story: How property investors develop financial freedom
Priced between $1.15 million and $1.25 million, the home is described as a “blank canvas” upon which buyers can “inject their personal style”.
“This classic single fronted Victorian brick residence represents an extraordinary opportunity in a coveted lifestyle location,” the listing by Marshall White Port Phillip read.
“With charming hallmarks of period elegance, the potential and scope to reinvent this enticing home is almost limitless.”
While buyers will need to respect and maintain the traditional brick facade, there’s room for creativity inside.
“Currently the home features an arched hallway flowing past two bedrooms to a central living area, with plenty of space for you to construct a brand new luxurious kitchen and bathroom plus ample room to extend if desired,” the listing read.
“Keen renovators will delight in this entry level opportunity and can be inspired by neighbouring homes that have been beautifully refurbished.”
Land value and rebuild opportunities property gold
This is far from the first time a shabby property has been valued at a stellar price, with buyers relishing the chance to build their dream home in a coveted location.
Over the weekend, a home in Sydney went to auction for nearly $1 million, despite being described as “certainly not for the faint hearted”.
The listing described the home as a “comprehensive renovation or rebuild” with crumbling walls.
And in July, a home in north Sydney sold for $1.3 million despite also needing to be completely rebuilt.
Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.