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 listingposted by PRD Real Estate, the house— which is just a few minutes from thebeach — is experiencing subsidence.Translation?
It’s sinking.In an interview with realestate.com.au,marketing agent Danny O’Donnell said that hewas surprised by how many people were interestedin the beach house despite the subsidence.“I spent four days straight answering calls.
Eachtime I hung up, I had seven new voice messages”.“By Saturday morning I’d had over 100 text messagesand phone calls and 58 emails.
It was crazy”.When O’Donnell hosted an open housefor the literal sinking ship, he wasshocked to find more than 200 peoplelined up to tour the property.Within days, PRD Real Estate hadoffers that ranged from $550,000 to$675,000, well above the asking price.
The owners of the house ended up acceptinga cash offer from a local buyer for $647,000