Derelict home in Sydney’s inner west sells for $1.3 million

·

A derelict home in Marrickville in Sydney’s inner west has shocked buyers by selling at auction for more than $1.3 million, The Sydney Morning Herald has reported.

The home has been named a ‘house of horrors’ as it has not had any renovations since its original purchase in the 1960s. 

The four-bedroom deceased estate had fourteen potential buyers over the weekend, despite the fact the home had rotten flooring, falling ceilings, and an inoperable kitchen and bathroom.

Picture by Julian Andrews.

Dean Vasil of Ray White Earlwood was the selling agent for the property and said that most of the buyers were interested in the property for the land value and taking advantage of the current market downturn. 

“It was a great auction. The competition was unbelievable,” Mr Vasil said. “We were very surprised by the price, but even more surprised by the level of interest.”

Auction at Marrickville property. Picture: Julian Andrews

Mr Vasil’s team had advised visitors to stay in the hallway as it was the only stable part of the floor. 

“You could not walk through the whole house. You had to be very careful,” he said.

The most realistic estimate, according to co-agent Kieran Gianoudis, was at least $500,000. He said that it was hard to determine exactly how much money would need to be spent on a repair.

“Pretty much everything needs redoing. The brick, the walls, the floors,” he said. 

Source: Sydney Morning Herald, RealEstate.com

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Pope Francis dies aged 88 after 12 years leading the Catholic Church

Pope Francis has died aged 88. His papacy was marked by reform, humility, and efforts to modernise the Catholic Church.

Thousands join Archbishop Makarios of Australia for Resurrection Service in Sydney

Archbishop Makarios led the Holy Saturday Service in Kogarah, Sydney, with thousands of faithful attending the Easter celebration.

Greek Defence Minister Dendias visits Panagia Inousson for Easter

Defence Minister Dendias visits Panagia Inousson for Easter, highlighting Greece’s commitment to border security.

Kyriakos Mitsotakis reflects on faith and resilience in Easter message

Kyriakos Mitsotakis shares his 2025 Easter message, reflecting on global challenges and the enduring hope of the Resurrection.

Archbishop Makarios of Australia issues Easter Message for 2025

Archbishop Makarios of Australia has released his 2025 Easter message, reflecting on the impact of loneliness.

You May Also Like

GOCSA celebrates International Women’s Day with empowering event

The Greek Orthodox Community of South Australia joined the International Women's Day celebrations with a special event held at Olympic Hall.

Hellenic Football Federation President on potential to hold Greek Cup final in Melbourne

The President of the Hellenic Football Federation, Panagiotis Baltakos, speaks about the potential to hold the Greek Cup final in Melbourne.

Creativity shines at annual Hellenic Kids Christmas workshops in Canberra

On Wednesday, December 18, the Hellenic Club of Canberra hosted its highly anticipated annual Hellenic Kids Christmas Workshops.