Why this run-down suburban house ‘that looks like a toilet’ sold for $1.15million at Guildford in Sydney’s west

A run-down home with a broken awning and paint peeling off the walls has sold for $1.15million – due to the large plot of land it’s sitting on.

The four-bedroom house on Grassmere Street at Guildford, in Sydney‘s west, went under the hammer over the weekend, with a large crowd turning out for the auction.

The one-storey home has two bathrooms, a laundry and a car spot.

LJ Hooker agent Paulette Ghaleb said the 739sqm block of land the house sits on – and the vacant 795sqm lot beside it – had been bought separately by a pair of friends.

The adjoining block of land sold for $1.27million.

The four-bedroom house on Grassmere Street at Guildford, in Sydney’s west, went under the hammer over the weekend, with a large crowd turning out for the auction

Ms Ghaleb said the value was definitely in the land, noting the house would most likely be knocked down.

‘It depends on the development but it could become a dual occupancy,’ she told Daily Mail Australia.

She said the inside of the house was filled with the belongings of the previous owner, with the house a deceased estate.

‘In one way I was surprised by the price but in another I wasn’t – those types of blocks of land are scarce to come by nowadays,’ Ms Ghaleb said.

The house had paint peeling off the walls along with a broken awning over the front door

‘When they come up they’re quite popular and it’s a good location too.’

Footage of the auction was shared to TikTok with many Aussies shocked the property had received such a hefty price tag, considering the condition of the home.

‘2 toilets???? The whole house looks like a toilet!!!’ one person commented.

‘Who has 1mil to just buy land in Guildford you still have to build the house,’ said another.

‘Makes sense, that’s a lot of land – $1.15m would get you a 70sqm 2 bed 1 bath apartment in Sydney’s east,’ pointed out another.