Purchase an entire street for Sydney apartment price,
For the cost of a one-bedroom apartment in Sydney’s CBD, you could acquire an entire street with 22 houses.
In Gloucestershire, UK, a street is currently listed for £1,575,000, which translates to approximately $AU3,000,000.
This property includes 12 terraced houses, eight semi-detached houses, two freestanding houses, and two mixed-use buildings.
Many of these houses require extensive renovations, while others are in a move-in ready condition.
Although $3 million is certainly a significant investment, buyers of the Gloucestershire property receive exceptional value for their expenditure.
Conversely, in a luxurious inner-city suburb of Sydney, this same amount only covers the cost of a small apartment.
For instance, in the harbourside suburb of Milsons Point, a two-bedroom apartment overlooking the Cahill Expressway recently sold for $3.088 million.
Additionally, a one-bedroom apartment yet to be constructed in Barangaroo sold for $3.3 million, exceeding the entire 22-house street’s price.
In fact, the median apartment prices in harbourside suburbs such as Darling Point and Barangaroo reach well into the millions.
Therefore, the Gloucestershire listing provides outstanding value for money in comparison to these expensive Sydney properties.
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The remarkably low price has raised skepticism among social media users, with some speculating that the auction guide price was intentionally lowballed.
One user commented on the Reddit thread r/SpottedonRightmove, suggesting, “Perhaps the guide price is set low to attract potential bidders.”
Others noted that the local area appeared “shabby” and “isolated,” which might reduce competition for property listings in the region.
