A house that was listed for sale in February will be on the market again in July.
The former Victorian-era home at 29-40 Kings Road in Sydney’s inner-west was purchased for $5.5 million in 2015 and sold to a developer for $12 million.
The property, which has two bedrooms and two bathrooms, has been listed for $2.5-million by the property developer, who said the home was “fit and proper” and that he was “very happy” with it.
Mr Zagadze said he was disappointed with the seller’s statement that the house was “fancy”.
“It’s certainly not,” he said.
“It wasn’t an ideal house.”
Mr Zakadze, who has lived in the property for 10 years, said he wanted to make sure the seller knew he wasn’t disappointed.
“If I don’t make sure that’s clear to them, then I feel they’re probably going to keep selling the house,” he explained.
“That’s the worst part of the process.”
The seller said he had no idea he was about to lose the home.
“I had no knowledge that it was going to go to auction,” he told ABC Radio Sydney.
“My house is quite special, so I feel it’s important that it’s sold.”
The buyer is yet to make a formal offer to the developer.