Would you pay $ 400,000 for an old trail? Insane beachfront property less than five meters wide goes up for sale – and the price of the tiny strip of land has tripled since 2019
- A 4.6m by 28.1m property has been listed for $ 400.00 on the Sunshine Coast
- The cozy property is occupied by an old footpath and sits next to a playground
- The property sold for just $ 150,000 in mid-2019, now the price has more than tripled
- The real estate agent said it was ideal for a home with a patio and first-time home buyers
An old trail previously valued at $ 150,000 has skyrocketed to $ 400,000 as the Australian property market continues to deteriorate.
The nearly half a million dollar Sunshine Coast ‘property’ is largely occupied by an old trail and has a playground within two yards.
Communities online are questioning the property’s value of 4.6 million out of 28.1 million after it was revealed the land sold for just $ 150,000 in 2019.
An old trail (above) in the Sunshine Coast, previously valued at $ 150,000, has skyrocketed to $ 400,000 as the Australian property market continues to deteriorate
The nearly half a million dollar property is largely occupied by an old trail and has a playground within two yards
A real estate agent said it was ideal for a townhouse and first-time home buyers
Richardson and Wrench Coolum sales manager James Henley told the Courier Mail that the rise in value was a result of “crazy” prices seen in the area.
âThe prices are going crazy on the Sunshine Coast and what appears to be an ambitious price is setting a new benchmark for a region,â he said.
Mr Henley said the single property would be ideal for a townhouse or first-time home buyers and says the ad has generated a “good amount” of interest.
However, netizens are still not convinced the property is worth its hefty price tag and have joked about its cramped size.
Netizens condemned the price of the property after seeing its size
Several online reviewers joked about the size of the property and said the asking price was ‘disgusting’
âThe board and the developers with both hands in their pockets here, disgusting bl **,â one person said.
âI can back up the trailer and just unroll the awning. Perfect ! Another said.
âI am selling my front yard for $ 400,000 if anyone is interested,â wrote one user.