Derelict Sydney home with rotting floors sparks developer frenzy before auction

It has bits of 1960s newspaper covering gaping holes in the floor, wood is rotting and wall panels have begun to fray – but a derelict Tempe home has become hot property as developers chase deals in Sydney’s falling housing market. The uninhabitable home has hit the market with demand so intense that some developers are reportedly asking for contracts without even inspecting it. The three-bedroom, one-bathroom residence at 27 Station Street includes missing wall panelling, stained and rotting floorboards and broken windows. It is set for auction on September 5 and is listed with a price guide of $950,000. According to property records, the home was last sold in 1991 for $105,000. Listing agent Megan Smith of Laing+Simmons Balmain said the deceased estate was in “unliveable” condition. 27 Station Street, Tempe is set for auction with a $950,000 price guide Inside the home is stained and rotting floorboards and walls “I’m not actually sure how long ago somebody was living in the home but it’s pretty much in disrepair,” she said. “Obviously subject to council approval, but pretty much it’s a knockdown. I don’t think you could salvage what’s there.” You will find newspapers dated back ...