E
dward 'Ted' Amos, a property owner with a history of disputes over unpaid rates and interest, is selling two of his eight properties after being hit with legal action. The worst of the two homes is in a shocking state of disrepair but still worth a significant amount.

    Amos has been involved in numerous council and tenancy disputes over the years, including a 2016 decision that found him owed $807,148.28 for unpaid rates and interest on eight properties. He appealed this decision in 2019 and won, but still owes hundreds of thousands of dollars to authorities.

    With the revenue office now pursuing him, Amos has put two of his properties up for sale through an expressions of interest campaign. The first property is a crumbling house in Ascot, where the median house price is $2.525m. The second property is a massive 1,067sq m block in Albion, with potential to sub-divide and offer "amazing river and city views".

    Despite being in a state of disrepair, Amos' Ascot property could fetch a significant amount due to its location near the historic Eagle Farm Racecourse. The property has been described as a "renovator's dream" and has council approval for demolition or removal of the existing dwelling.

    The Albion property also offers potential for development, with five self-contained units currently configured to return a combined $2,150 per week in rent. Alternatively, it could be transformed back into a family home or developed into townhouses or mixed-use developments.

    Valuation estimates put both properties as high as $10m-plus in today's market. Amos is now in his mid-80s and has been involved in numerous disputes with authorities over the years, including claims he made tenants responsible for repairs to rented property.