United Kingdom

Developer blows $3.41million on a crumbling hoarder house

A hoarder's house packed with garbage and described as an 'uninhabitable wreck with rotting walls' has sold for $3.41 million to a buyer who never went inside.

The three-bedroom timber and brick cottage in Sydney's inner west suburb of Concord stunned speculators when it sold for hundreds of thousands of dollars over the $3 million price guide and $3.2 million reserve.

Bags of garbage could be seen piled high in a front room through an archway off the grubby brown timber kitchen with its broken lino floor.

The disintegrating bathroom with its missing tiles, cracked shower screen and black grime around a sickly pink bath did not deter buyers from bidding it well over the $3.2 million reserve

The grimy brown timber kitchen with its broken lino floor shows a glimpse of the piles of garbage bagged by cleaners through the archway

Sheets of faded floral wallpaper curled off the gloomy bathroom with its missing tiles, cracked shower screen, and crusted black grime around the sickly pink bath.

The Horwood Nolan sales agents quite honestly described the property as being in need of demolition in their online advertising.

Selling agent Ben Horwood of Horwood Nolan said the house had been cleaned up significantly before sale.

Piles of junk still littered the property on auction day despite the best efforts of professional cleaners weeks before. 

The house had been hidden from view for decades by overgrown trees and bushes, which had been cut back.

The eleven registered bidders who fought it out at auction on Saturday did not care about the state of the hoarder's house. 

The property at 2 Tennyson Rd, Concord, was sitting on a free-hold title of 1,081sqm on a corner block with street access on two sides and two driveways.

The wood is rotting on 2 Tennyson Rd, Concord, but the house will not fall down until it is bulldozed by a developer who bought it on Saturday to make an investment property

A stunning original fireplace stands out like a sore thumb in the peeling, rotting, broken home

The reason why the property sold for $3.42 million: it is 1081 square metres with dual street frontage and sits near the Parramatta River (which can be seen in the background)

It has no heritage listing and no easements and is described as a developer's dream, sitting a stone's throw away from the Parramatta River and the upmarket Breakfast Point Village luxury development.

The land can be subdivided for a double duplex and is a magnet for builders.

'It was a rare home. There aren't many blocks this size in Concord any more but the price was unexpected,' Mr Horwood told Realestate.com.au. 

The man who bought it told the Sunday Telegraph that he never even bothered walking inside.

'I didn't want to see it, I didn't care about the house,' he said.

The man said he would bulldoze it and build an investment home for his family.   

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