Why Did the Haunted House in Paddington Sell for $3.1 Million?

Mysterious Paddington Property Captivates Buyers

A storied and semi-abandoned house in the vibrant suburb of Paddington has recently changed owners, fetching an impressive $3.1 million at auction. This house, known for its eerie reputation as a 'haunted house,' has intrigued the local community for over three decades, ever since its prior owners mysteriously deserted it.

Strong Interest at Auction

The bustling auction event drew around 150 attendees, with 15 eager bidders vying for the property. Real estate agent Max Hadgelias observed that the high interest and competitive bidding process surprised many. "It was a very decisive auction," he noted, pointing to the strong opening bid of $2.75 million as a key moment that kickstarted the flurry of bids.

The Allure of Abandonment

Situated at 31 Perrott Street, the property is much more than just a two-bedroom house. It boasts expansive living spaces, including a historic Queenslander building along with a brick extension featuring a self-contained flat. Unfortunately, neglect over the years has adorned the roof with a lush assortment of weeds, further contributing to its ghostly aesthetic. Architectural historian Marianne Taylor, known for her explorative series on YouTube, delved into the property recently, unveiling treasures of antiques and long-forgotten furniture. She remarked on the property's charm, suggesting that its haunting beauty is what attracted many local visitors.

Future of the Haunted House

The property’s legacy continues with its new owners, who plan to restore it to its former glory. Hadgelias stated, "The vendors were delighted to see it go to another family, and we’re confident the new owners will make their mark on this significant home." Finding a second life for a property with such a unique history is not only an investment but also a chance to keep alive the stories that it holds.

Conclusion: Embrace the Unusual

This intriguing auction outcome serves as a reminder of the unique allure that old properties can provide—even those rumored to be haunted. For potential buyers exploring the real estate market, the Paddington house exemplifies how history, architecture, and a bit of mystery can foster an exciting opportunity. As we continue to observe trends in the property market, one thing is clear: a house with a story is worth more than just its bricks and mortar.