This Campbell St home in Glebe was firebombed last year.
A Glebe house that went up in flames last year after a random arson attack attracted 33 registered bidders at auction Saturday and sold for $916,000 – much more than expected.
The smoke-stained house on Campbell St required at least $100,000 in repairs according to builders, but this failed to deter keen buyers, many of who registered after viewing the home for the first time just prior to the auction.
Selling agent Peter Natoli of Ray White listed the home with a price guide of $700,000 and said bidding was surprisingly competitive considering the condition of the home.
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“You’d think it’s a buyer’s market, or at least a price sensitive market, but that wasn’t the case with this home,” he said, adding it took close to an hour to register all the interested parties.
The opening bid was $550,000 and nine of the bidders put in offers.
“We didn’t even need to call it on the market, the bids just kept coming. It was a very strong result,” Mr Natoli said.
The front of the home sustained the most damage from the fire.
The fire was one of five deliberately lit blazes reported on a single night in the Glebe area. Picture: Bill Hearne
The fire was understood to have started on the front porch, with smoke spreading into the rest of the house.
It was one of five deliberately lit fires reported in the Glebe area over a single night last October. A nearby property at Derwent St was torched, with the flames spreading to a nearby garage.Police also discovered a car burnt out on Westmoreland St.
No casualties were reported from the attack on the one-bedroom house on Campbell St but then resident Kevin Isdahl told reporters he was lucky to be alive.
A nearby garage was set alight in the same spate of arson attacks. Picture Rohan Kelly
“There were big fires at the front of the house. Then this black smoke just hit me. I had black soot all over me and I ran out the back of my place,” he said after the incident.
The buyers were a young couple bidding via the phone. They are reportedly planning a renovation but it is not clear what they plan to do with the former housing commission property after that.
It is the second fire-damaged home to sell this month. A burnt down house in Enfield sold three weeks ago for $1.38m, nearly $500,000 over reserve, despite lacking a roof.
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