Australia Markets open in 4 hrs 58 mins

Aussies are obsessed with this gutted Melbourne home and no one knows why

Why are Aussies obsessed with this Melbourne home? Source: Getty/Realestate

This week one Aussie home has been the most-viewed by a long shot: 5 Warburton Road, Camberwell, Victoria.

And between you and me, I have no idea why.

The exterior looks as good as new, but head inside and it’s a different story: ripped up floors, cracked ceilings and dirty walls.

5 Warburton Road, Camberwell, Victoria. Source: Realestate.com

Whoever snaps this house up probably doesn’t have intentions of moving in straight away: on a 327-square metre block, this three-bedroom, one-bathroom home will need to be completely redone.

Pegged as “an amazingly affordable opportunity for those with inspired redevelopment dreams”, there’s not much to say for the inside of the home.

5 Warburton Road, Camberwell, Victoria. Source: Realestate.com
5 Warburton Road, Camberwell, Victoria. Source: Realestate.com

There’s one catch: the home has a heritage overlay, meaning the front façade needs to remain intact, but the inside needs to be completely renovated.

If you’re willing to fork out the asking price of between $650,000 and $715,000, and the extra to do up the inside, you’ll be just 13 kilometres from Melbourne’s CBD, and close to schools, shops, restaurants and public transport.

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.