A Strathfield home ravaged in a 2021 fireplace has handed in at public sale, with the distributors wanting the next worth than what they paid final yr earlier than the blaze destroyed a lot of the property.
Gross sales data confirmed the property on Wentworth Rd traded in February 2021 for $4,788,000, nevertheless it got here up on on-line listings searches amongst properties with a minimal worth of $5m.
The property went to public sale on Saturday at an in-room occasion in a close-by workplace.
Emergency companies had been known as to the house in August final yr to include the blaze and neighbouring properties had been evacuated, based on Channel 7 reviews on the time.
The hearth allegedly tore by way of the roof and far of the construction, leaving solely a shell. The reason for the blaze isn’t identified.
The 1500sqm property – substantial for the world – was listed in 2021 as a possibility to “fully knockdown and rebuild the household dwelling”, based on the gross sales document.
It seems that the principle promoting level of the property even earlier than the fireplace was the land allotment.
Promoting agent Tarun Sethi of Richard Matthews Actual Property wouldn’t touch upon the sale.
The itemizing follows a spate of burnt down homes which have come onto the market at lofty costs.
An interior west home used as an alleged drug lab earlier than it went up in flames in 2016 bought at public sale in 2020 for almost $500,000 over the reserve worth.
The hearth-damaged home on The Parade in Enfield had no roof and went underneath the hammer with a $920,000 reserve however bought in entrance of a crowd of about 70 folks for $1.38m.
In 2017, a fire-damaged Rosebery home that has been decreased to a scrap of ash and particles bought for simply over $1.5m. In each situations the homes bought to consumers with plans to interchange the dwellings with fashionable homes.
In Berkley Vale, one of many most cost-effective suburbs on the Central Coast, a home that was burnt to a shell of roof and wall beams bought for $290,000.