Clutter buster wanted: The terrace fetched $92,000 above its reserve.
It has broken floorboards, sunken ceilings and 60 years of clutter, but for one investor it was perfect.
Sydneysiders' obsession with rundown properties reached new heights on Monday night when an investor spent almost $1 million on a derelict home in Waverley.
The two-bedroom terrace at 68 Victoria Street sold at auction for $972,000, which was $92,000 above the reserve.
Room for improvement: The property had been in the same family since 1954, when it traded for £750.
Title records show the original Victorian home had been in the same family since 1954, when it traded for the princely sum of £750.
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