Overgrown Sydney home sells for $3 million: ‘Dilapidated dump’

The home has become completely overgrown. (Source: Domain)

Cost-of-living crisis or not, the Sydney property market is still red hot, with this inner-city terrace home selling for a whopping $3,050,000.

The home was left completely overgrown with plants after years of neglect, but that wasn’t enough to scare off potential buyers.

The home was only on the market for 16 days before being snapped up by a young couple from Sydney's affluent eastern suburbs, listing agent Shannan Whitney from BresicWhitney InnerEast told the Australian Financial Review.

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The home was once considered a 'diamond' in the area. (Source: Domain)

It now has extensive water damage throughout. (Source: Domain)

“I’ve never experienced, in my 30 years in real estate, a case when a house is just left. It was surprising to see how a once-diamond in the area quickly becomes a dilapidated dump. I remember it as a very stylish, quirky, design-led house,” Whitney said.

“There was nothing sinister to it. Just circumstances, time and the pandemic meant [the vendor] wasn’t able to come for a while.

“It’s sitting in a back laneway in Redfern. It was designed by artist Peter Powditch and it was really creative, big and quirky. When he [the vendor] bought it, a house like this in downtown Redfern was pretty remarkable and, at the time, it was a pretty well-regarded house in the area.”

The new owners will have the opportunity to rebuild their dream home on the lot. (Source: Domain)

The home is nestled on a quiet street in the inner-city suburb of Redfern. (Source: Domain)

‘Abandoned house’

The listing described the home as “abandoned” and “well past its prime”, but a good opportunity for the new owners to write its next phase.

The two-level home has an adjoining vacant block with a generous 270sqm of land. The freestanding home is currently unlivable but the new owners will have the opportunity to redevelop the property into their dream home.

The home had been abandoned for more than seven years. (Source: Domain)

The home has sustained extensive water damage with the plants from the backyard having taken over most of the building.

It currently has two bedrooms, one bathroom, and a large backyard with an adjoining workshop.

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