{"id":40840,"date":"2022-11-09T09:34:04","date_gmt":"2022-11-08T20:34:04","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40840"},"modified":"2022-11-09T09:36:28","modified_gmt":"2022-11-08T20:36:28","slug":"home-destroyed-by-a-fire-sells-for-a-460000-profit","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/home-destroyed-by-a-fire-sells-for-a-460000-profit\/","title":{"rendered":"Home destroyed by a fire sells for a $460,000 profit"},"content":{"rendered":"

PHOTO: 135 Wentworth Road, Strathfield<\/strong><\/p>\n

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A Sydney<\/a> property has turned a $462,000 profit a little more than a year after it was destroyed by a fire.<\/p>\n<\/div>\n<\/div>\n

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The incinerated shell of a house at\u00a0135 Wentworth Road<\/a> in Strathfield sold for $5.25 million on November 4, through private negotiation. However, it fetched $4.788 million in February last year when it was a perfectly good period home.<\/p>\n<\/div>\n<\/div>\n

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The vendors took the address, on a whopping 1530-square-metre block, to auction in mid-October, but was passed in after failing to reach the undisclosed reserve.<\/p>\n<\/div>\n<\/div>\n

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In August last year, six months after the vendors bought the weatherboard home \u2013 which had elements of Tudor-revival style \u2013 a fire ripped through. The property has made $30,000 a month as a charred skeleton.<\/p>\n<\/div>\n<\/div>\n

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\"Sydney
The property has effectively sold for land value only, rocketing $462,000 above the price paid for the home in February last year \u2013 before it was destroyed by a blaze. Photo: Domain<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n
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\"135<\/div>\n
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135 Wentworth Road, Strathfield NSW 2135<\/span><\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The emergency made the news, with fire fighters called late at night to extinguish the blaze and neighbouring homes evacuated, according to television reports.<\/p>\n

\"Luxe<\/a><\/div>\n
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Luxe Listings Sydney star purchases luxury property<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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Domain\u2019s median house price in Strathfield is $3.5 million \u2013 a bump of 22 per cent over 12 months, and 44 per cent over five years.<\/p>\n<\/div>\n<\/div>\n

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The extra banked on the Wentworth Road property comes as Sydney\u2019s market continues its price downturn, and represents a 9 per cent gain in about 19 months (most of that time as a derelict eyesore). Sans liveable dwelling, which had an open-fire place, strapped beams on the ceiling, a bay window and polished floorboards, all now scorched earth, buyers have paid more for much less.<\/p>\n<\/div>\n<\/div>\n

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The listing photos taken from directly above show masses of singed wood and walls outlining the floorplan, which is totally exposed.<\/p>\n<\/div>\n<\/div>\n

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\"Domain
The property as it was before a fire tore through it in August last year. This archival ad photo was used in previous advertising campaigns. Photo: Pricefinder\/Domain<\/strong><\/em><\/figcaption><\/figure>\n
\"Strathfield
The interior of the home \u2013 from earlier advertising campaigns \u2013 before a fire turned it into a hunk of a charred wood. Photo: Pricefinder<\/strong><\/em><\/figcaption><\/figure>\n
\"Archived
Archived ad campaigns from years gone by show the period detailing \u2013 which cost less than it does today as a damaged shell. Photo: Pricefinder<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n
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Agents for the property said the size of the land \u2013 comprising two equally-sized lots of 765 square metres \u2013 provided scope for residential development or a commercial venture.<\/p>\n

\"Sydney<\/a><\/div>\n
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Sydney house prices drop at the fastest rate on record | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n

READ MORE VIA DOMAIN<\/a><\/p>\n

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