Would you buy this property? v. Deceased estate

Discussion in 'Property Analysis' started by mini2, 8th Feb, 2016.

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  1. mini2

    mini2 Well-Known Member

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    139 Kippax Street, Surry Hills NSW 2010 - House For Sale - 2012537618

    tl;dr - old lady passed away in the property and her remains were left in the house for 8 years. Would you buy it if it's BMV? Is it appropriate to ask if the property's got a proper forensic cleaning done? I'm sure it will be some what BMV but given the possible social stigma that goes with such property, will that affect longer term CG?
     
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  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Absolutely.
     
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  3. Cactus

    Cactus Well-Known Member

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    I dont know, but i am intrigued by the handrail in the thunderbox.
     
  4. Jacque

    Jacque Jacque Parker Premium Member

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    What a sad story- 8 years is unimaginable, that no-one would miss her.... poor thing :(
    How did you find this out Mini2- did the agent tell you?
     
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  5. Phantom

    Phantom Well-Known Member

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    Agree with @D.T. Business as usual.
     
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  6. Kashmir

    Kashmir Well-Known Member

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  7. TMNT

    TMNT Well-Known Member

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    absolutey!!!

    a few bottles of pine o clean should do it

    maybe she was using the rail as a slide into the toilet from the 2nd floor

    I assume the room she passed in isnt in the photo
     
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  8. Lisa Parker

    Lisa Parker Well-Known Member

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    If it was a profitable deal I would purchase it. Once it looks all shiny and new and is staged and photographed well, people will not care if someone has passed in the property (someone has usually passed away in many properties). Unless it was under awful circumstances, then it can turn people away.
     
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  9. wylie

    wylie Moderator Staff Member

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    I'm wondering if the photo with the fireplace might be the room? Look at the floor.

    That is very sad about the lady. I cannot imagine how the neighbours didn't notice any smell.

    What an amazing house though. I'd love to renovate that.
     
  10. dmb1978

    dmb1978 Well-Known Member

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    Obviously the circumstances in this case are very uncommon but I'd imagine there would be many houses that have had people pass in them. Does anyone know if there is any need/requirement for declaration of this when selling?
     
  11. wylie

    wylie Moderator Staff Member

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    I believe it is only necessary if it was a violent death. But I have been wrong before :p:D.

    Many old houses will have had someone pass away in them but to lie undiscovered for 8 years is a bit unusual.
     
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  12. Jacque

    Jacque Jacque Parker Premium Member

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    Under what an agent needs to disclose as "material fact" in the PSBAA isn't always black and white. Murders in an actual property are considered material, however natural deaths aren't. This link will provide some useful information. It's often a good question to ask "Has anyone died in this property?" directly to the agent if you are superstitious about this.
    Misrepresentation guidelines - NSW Fair Trading
     
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  13. MTR

    MTR Well-Known Member

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    Case in Sydney where agent did not disclose murder of family, buyers were able to pull out of the deal.
     
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  14. GreatPig

    GreatPig Well-Known Member

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    Even if no one missed her, wouldn't the council miss its rates?

    Unless perhaps she had a direct-debit setup from an account with plenty of cash (or perhaps she was still getting paid a pension all that time...).

    GP
     
  15. dmb1978

    dmb1978 Well-Known Member

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    Yes I thought it would be a bit of a grey area as many people die in their homes for various reasons and a violent death is not necessarily a murder!
     
  16. Jacque

    Jacque Jacque Parker Premium Member

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    Funny story, whilst inspecting a house for a client some years back in a slower market (back in the days when agents could remember the names and details of the 3 people who showed up for opens :D) ... I was wandering around, doing my thing with clipboard and camera in hand, when a very curious older Greek man started following me from room to room.

    When he learnt who I was and what I was doing, he became very chatty all of a sudden and announced loudly (no doubt so the 3rd house attendee could also hear) that the "fellow who lived here was a bad egg and did drugs and all sorts of nasty things". He kindly directed me to the "very spot" where he died a gruesome death (apparently he was in agony dying of cancer but no-one visited him as he was such an awful person and had no family/friends) and, almost salivating with glee, relayed how the body was almost liquified and they had to bring in "men in space suits" to clean it up......

    Turned out Mr Greece was the adjacent neighbour who was desperate to buy the place for his son and family and was doing his best to turn prospective buyers off. Though it wasn't the right place for my client (for various other reasons) he may have had success with his method as he ended up purchasing come auction day. The young agent was none the wiser as Mrs Greece kept him talking at every open (decoy style) apparently :D
     
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  17. wylie

    wylie Moderator Staff Member

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    I think that case make many people aware of this issue. Gonzales, wasn't it?
     
  18. Heinz57

    Heinz57 Well-Known Member

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    Bet a few people have died and been born in that old house
     
  19. Jacque

    Jacque Jacque Parker Premium Member

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  20. MTR

    MTR Well-Known Member

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    yes that is correct