$745k spent on Sydney home 'completely destroyed' by fire – Nine

A buyer has seen the potential in a shell of a home in Sydney's Wiley Park.
The four-bedroom, two-storey abode was "completely destroyed" after a fire engulfed the home in March, with the agent selling the property as land value only.
The vendors will make a profit even in the home's current state due to the increase in land prices. Agent Marc Dissinger of Ralph First Real Estate tells Nine the home is now under contract at an offer of $745,000.
The property at 1 Samuel Street last sold for $277,000 in 1999, public records show. It was still on the market after its scheduled July 15 auction date with a price guide of $740,000 to $780,000.
Dissinger tells Nine the buyer "plans to demolish the existing structure and build a new home".
Vision from Fire and Rescue New South Wales, released in March, shows smoke in the upper level.
"Firefighters attacked the intense blaze from all sides and from the air as the roof and a side wall collapsed," the media release says.
There were no occupants in the home at the time and it's understood the fire began in the kitchen before spreading to the roof.
The fire also threatened a nearby school with students and staff safely evacuated.
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The listing explains that the home is "completely destroyed" after the fire.
However, it's suggested the land – more than 322 square metres in a quiet cul-de-sac – could be an ideal site to "build your dream home".
There are no internal shots of the house on the listing. A photo at the rear reveals some of the fire damage.
Wiley Park is a suburb in south-western Sydney, 17km from the CBD. 
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