Former Leichhardt dump to sell for double its purchase price

THIS former dump in Leichhardt has been transformed into a chic modern home and is set to sell for double its purchase price.

• Dilapidated home in Leichhardt sells for $980,000
• Buyers who turn dumps into gold
• Parking space for sale at $400k
• Uninhabitable home sells for $1.1 million

A FORMER dilapidated house in Leichhardt that has been transformed into a chic and modern home is set to sell for double its purchase price.

The four-bedroom house at 80 Edith St is listed with McGrath Inner West with a price guide of $1.9 million to $2.05 million.

When the vendors bought the 278sq m property two years ago, they paid $980,000.

The original timber workers cottage had been vacant for 20 years and had deteriorated to the point that the front deck had rotted away and the walls had disintegrated.

Since their purchase, the vendors have created a new residence set over two levels.

The original front facade was disassembled and rebuilt to the original dimensions.

The original front exterior of the house was replicated.

An extension was built at the rear and another floor added.

There are open-plan interiors that flow out to an entertainment deck with lawn and swimming pool.

Each of the four bedrooms have built-in wardrobes and two also have ensuites.

The home also has a three kilowatt solar system and a 5000L water tank.

Listing agent Danielle Dewhurst said nearly 100 groups had seen the property during the campaign.

“Buyers have been young families looking for a decent sized house which is hard to find in Leichhardt,” Ms Dewhurst said.

“There were a lot of people that followed the building process.”

The home goes to auction next Saturday at 11.15am.