Hoarder house shocks auction crowd

The rundown house on Elizabeth St in Ashfield was reported to have items packed from the floor to the ceiling in some rooms before nearly $25,000 was spent clearing the home out.

The auction on Saturday attracted 27 registered bidders and a crowd of about 150 spectators sprawled across the street.

The hammer dropping at $2 million price was met with applause from the huge crowd and many in attendance expressed their disbelief at the result.

With holes in the floor, crumbling walls and an inaccessible backyard clogged with overgrown trees, the Federation-style house was initially expected to sell for a much lower price.

The auction was packed with spectators. Source: Supplied

There was expected to be interest from renovators or builders due to the solid build but the initial expectations were for a price around the $1.5 million mark, according to selling agent Nick Dilles.

The Century 21-Fairfield agent said the expectations rose once 200 groups came through the open homes and the reserve was written at $1.6 million.

Mr Dilles told the Sunday Telegraph before the auction he was expecting a possible price of $1.7 million due to the surge in inquiries.