A rundown Queenslander home at Morley Street in Toowong that was once the site of a police raid after stolen radioactive materials were discovered has sold at auction for $1.3 million – without buyers being able to inspect inside.
Read: Heritage-Listed ‘Dovercourt’ to Undergo Major Restoration
The property at 46 Morley Street became infamous back in 2002 when a university lab technician was charged after police found over 200 containers of chemicals, including ammonium nitrate, stashed inside the house. A state of emergency was declared and nearby residents evacuated during the hazardous materials scare.
Despite its controversial history, the 632 square metre block of prime inner-city land proved irresistible to buyers willing to take a gamble. Listed as a “beautiful pre-war detached workers cottage” needing “some love and attention,” the auction held on-site last week attracted a crowd of 70 and saw 28 bids before selling in less than 10 minutes.
Potential buyers were warned they could not inspect the interior beforehand and that the home was being sold “as is, where is” given its dilapidated state. But the lure of a character Queenslander on a large block close to top schools, transport and the Brisbane River was enough to entice fierce competition.
The listing highlights that the upper floor offers three spacious bedrooms and a sunny front sitting room. There is a sizeable central living space that flows into a dedicated dining area. Toward the back of the home, one will find the original kitchen as well as the bathroom.
The Public Trustee, who facilitated the sale, said all standard checks were done and no concerns raised about any remaining hazardous materials. However, the new owner faces an expensive and potentially risky renovation project to transform the property into a family dream home.
Read: Could Toowong Soon Witness the Rise of Higher Density and Taller Skyscrapers?
Whilst the outcomes of the technician’s charges were not detailed, the Morley Street property has lingered with a toxic stigma for two decades. But for one cashed-up buyer, the risks seemed worthwhile to secure a slice of sought-after Toowong real estate.
Published 26-March-2024
