A three-bedroom, deceased estate home in Allambie Heights recently sold under the hammer for $870,000 in spite of extensive termite damage.
The termite damage was extensive throughout the whole house, particularly on the lower level and master bedroom.
It had turned many potential buyers away after their independent building and pest inspections had revealed the extent of the damage.
It was bought by an experienced carpenter who understood the damage and the work ahead in restoring the house with his wife.
Greg Dickson (the buyer) had inspected the site himself and even noticed a swollen creek running beside it, suggesting the ground around the home could be prone to dampness.
“Ninety-five per cent of houses on the northern beaches 30 to 40 years old would have some form of termite damage,” he said.
While an experienced carpenter may be able to spot termite damage, be able to perform the necessary repairs and calculate the restoration costs, not all home buyers have this kind of experience.
If you’re buying an older Northern Beaches home, make sure you know the condition it’s in before committing to buy.
Inspect My Homes have experienced local building and pest inspectors who understand the climate and conditions Northern Beaches homes are faced with.