A property in Sydney's inner-west with rotting floors, crumbling ceilings, and packed full of garbage sold for $923,000 over the weekend. The uninhabitable dump on Durham Street, Stanmore, went under the hammer on Saturday, and had bids from 20 serious buyers. The bidding started at $600,000 but quickly climbed, before selling for $923,000, which was 15 to 20 percent higher than the expected price, according to selling agent Ron Alexander. Scroll down for video The two-bedroom house in Durham St, Stanmore sold for $923,000, despite the fact that it is uninhabitable in its present state From the outside it doesn't look too bad, though the state of the house indoors is a different matter entirely
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The two-bedroom Stanmore house sold for $923,000 at auction
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It is strewn with rubbish and the ceilings have collapsed
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Most interest has come from builders who are keen on its great location
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Selling agent says that
'The location is outstanding, it's in one of the best parts of @placeholder,' said Mr Alexander.