A shell of a home in Sydney's Wiley Park will be getting a new lease on life.
Located at 1 Samuel Street, the property has significant fire damage after an intense blaze engulfed the home in March. It essentially hit the market as land value only.
The vendors will make a profit even in the home's current state due to the increase in land prices.
Mark Saleh of Pace Property Agents tells Nine the home sold at auction on October 7 for $770,000 to a local family.
The property last sold for $277,000 in 1999, public records show.
Saleh, who holds the listing alongside Bilal Elcheikh, tells Nine the family will renovate and move into the 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.
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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.
The listing explains that the home is in need of a "sleek, contemporary renovation".
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"Essentially a blank canvas awaiting new life, this fire-damaged home provides all the vital elements needed to recreate, develop and capitalise," agents suggest.
There are no internal shots of the house on the listing. An aerial photo reveals the extent of the fire damage.
Wiley Park is a suburb in south-western Sydney, 17km from the CBD. The sold home is ideal for a family with an adjacent primary school and local shops a short stroll away.
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