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Sydney's crazy property market

 

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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 home is in complete disrepair, and is believed to have been uninhabited for 12 years.
The home is in complete disrepair, and is believed to have been uninhabited for 12 years.

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

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