A Strathfield home ravaged in a 2021 fireplace has handed in at public sale, with the distributors wanting the next value than what they paid final 12 months earlier than the blaze destroyed a lot of the property.
Gross sales information confirmed the property on Wentworth Rd traded in February 2021 for $4,788,000, however it got here up on on-line listings searches amongst properties with a minimal value of $5m.
The property went to public sale on Saturday at an in-room occasion in a close-by workplace.
Emergency providers have been referred to as to the house in August final 12 months to comprise the blaze and neighbouring properties have been evacuated, in keeping with Channel 7 studies on the time.
The hearth allegedly tore via the roof and far of the construction, leaving solely a shell. The reason for the blaze just isn’t recognized.
The 1500sqm property – substantial for the realm – was listed in 2021 as a possibility to “utterly knockdown and rebuild the household residence”, in keeping with the gross sales report.
It seems that the principle promoting level of the property even earlier than the hearth 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 offered at public sale in 2020 for practically $500,000 over the reserve value.
The hearth-damaged home on The Parade in Enfield had no roof and went below the hammer with a $920,000 reserve however offered in entrance of a crowd of about 70 individuals for $1.38m.
In 2017, a fire-damaged Rosebery home that has been lowered to a scrap of ash and particles offered for simply over $1.5m. In each cases the homes offered to patrons with plans to exchange 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 offered for $290,000.