Sydney's crazy property market
Monday, 17 May 2021
An “unliveable” one-bedroom home in Sydney’s inner west has smashed property records after it sold for $1.62m.
The squalid property at 26 Eton Street, Camperdown, which boasted a hole in its roof and a bathroom littered with debris, had 28 registered bidders when it went to auction on Saturday.
On 127sq m, the house worked out to cost $12,756 per sq m.
That’s a higher per sq m price than Australia’s most expensive house, a Double Bay mansion bought for $100m in 2018.
The house has one bedroom off the entrance, which currently boasts a large hole in the roof. There is a small eat-in kitchen and a laundry and bathroom at the rear.
ENDS