A five-bedroom, two-bathroom house in Queensland,
Australia, is currently on the market for just under
$600,000, but there’s a reason why it’s so cheap.
According to the real estate listing
posted by PRD Real Estate, the house
— which is just a few minutes from the
beach — is experiencing subsidence.
Translation? It’s sinking.
In an interview with realestate.com.au,
marketing agent Danny O’Donnell said that he
was surprised by how many people were interested
in the beach house despite the subsidence.
“I spent four days straight answering calls. Each
time I hung up, I had seven new voice messages”.
“By Saturday morning I’d had over 100 text messages
and phone calls and 58 emails. It was crazy”.
When O’Donnell hosted an open house
for the literal sinking ship, he was
shocked to find more than 200 people
lined up to tour the property.
Within days, PRD Real Estate had
offers that ranged from $550,000 to
$675,000, well above the asking price.
The owners of the house ended up accepting
a cash offer from a local buyer for $647,000