An Australian couple is seeing their retirement plans threatened by a 130-year-old deed error that makes it impossible to sell their property.
Peter and Cheryl Plowman have been living in the same house on Bega Street, in Candelo, on the New South Wales South Coast for 20 years. A few years back, they purchased the house next to them from their neighbor with the intention of fixing it up and selling it for a profit to fund their retirement. Now, after investing their savings in it, the Plowman’s were shocked to learn that they won’t be able to sell their property to anyone, because the paperwork drafted over a century ago, when the lots were first registered, states that their new house is built on a different lot.
Mr. and Mrs. Plowman live in the fourth house along their street, which would logically make it Lot Four, only in the original deed it is marked Lot Three. When the lot deeds were originally drafted, sometime in the 1800s, the five lots on Bega Street were numbered ‘one, two, four, three, five,’ but the Plowmans had never bothered to check.