A burnt down property in Lidcombe has sold for $106,000 over reserve after attracting a strong turnout at auction.
A crowd of 80 people watched as 30 Mons St went under the hammer on Saturday.
Eleven buyers registered to bid and four actively fought it out in $10,000 increments before the hammer dropped at $1,806,000.
The facade and frames of the double storey house were the only things left standing after a devastating fire from an airconditioning fault ripped through the much loved home of 18 years.
Thankfully, the owners got out safely before the home their kids grew up in was destroyed.
Selling agent Alessio Scivetti of Horwood Nolan Concord said the location of the house was the greatest appeal.
“It shows that in Sydney, if you have got a good block of land, it doesn’t matter how the market is. People will always find a way to purchase,” he said.
He said the vendors were “stoked” with the result and were planning to downsize.
The successful bidders were a family who were planning to talk to a builder about the next steps.
Mr Scivetti said most of the registered bidders were local builders or developers as well as families.
He estimated the house would have sold in the high $2m range if it had gone on the market without its severe fire damage.
The floorplan shows the property had multiple living areas across the ground floor as well as a spacious rumpus room upstairs. It also had five bedrooms.
An outdoor entertainment area with a built in barbecue and manicured gardens remained intact despite the fire.
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