As the Kiama property market continues to thrive, a "fixer-upper" will go under the hammer this weekend with a price guide of $1.2 million.
Set on 380sqm, the two-bedroom weatherboard cottage at 35 Bong Bong Street was built around 1900.
The property will be up for sale this Saturday via online auction.
In mostly original condition, the home features a garage, original fireplace and sleepout verandah.
The zoning is B2 local business and the property is not heritage-listed.
According to Pricefinder, the sellers bought the property in 2010 for $520,000.
Selling agent, Andy Wharton from First National Coast & Country said the house since then had been used as a weekender and remained in its current condition for many years.
He said the property was a "fixer-upper", but was drawing interest from prospective Sydney buyers.
He said at its asking price the home may not quite be a renovator's dream, "but this is the location that people want to be (in Kiama), near the water and everything else".
While Kiama LGA hasn't been included in the current lockdown, Mr Wharton said auctions of properties in the area had typically moved online during this period, so as to not exclude any potential buyers from outside the area.
He said the online method hadn't deterred buyers, with properties in Kiama, Gerringong and Shoalhaven Heads being snapped up via online auction.
"They're all selling," Mr Wharton said.
There have been other significant sales of older properties in Kiama in recent times.
'Aberteifi', located at 24 Barney Street, Kiama, sold for $1,695,000 last March.
The home was built circa 1860.
The home was listed for sale after almost 80 years in the same family's care.
Chris McKenna, region director for property valuation and advisory company Herron Todd White recently told the Mercury that plenty of money had been flowing into Kiama's prestige market so far in 2021, with three sales over $4 million.
"The rural residential market has set all kinds of records including a sale in Jamberoo of a 24-hectare property with extensive improvements selling to a local buyer for $7.65 million," he said.
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