$2.4 million worth of dirt and rubble

They may not have doors, windows or even ceilings but that doesn't stop keen Sydney buyers handing over millions of dollars for the shell of a house or land with no home.

9 Queen St, Woollahra sold under the hammer for $2.4 million despite there being no completed house on site.

It has no bedrooms or bathrooms, there are walls missing and gaps in the ceiling, but that didn't stop serious bidders pushing up the price of the unliveable Woollahra property until the hammer fell at $2.4 million.

At 9 Queen St, Woollahra the sandstone shell had attracted a long list of potential buyers during its auction campaign according to selling agent, Kim Jones of Di Jones Real Estate.

She said that when the construction site was listed in late October she, and the long time owners, had expected about $2 million for the 1970s framework.

But after 30 days of marketing the property, she had sent out 27 contracts and 10 registered bidders turned out to make offers on auction night.

9 Queen St, Woollahra sold under the hammer for $2.4 million despite there being no completed house on site.

"It's just such a rare property, there really is nothing like it," Ms Jones said.

"It has been in a similar state for about a decade so there had been a huge interest locally on what was going to happen to that place," she said.

This 244sq m property at 9 Queen St, Woollahra has been vacant for more than a decade.

Ms Jones said the construction site had a DA approval for a new home put in place in the early 1990s, but what set the property apart from its neighbours is its size.

"You just couldn't build a property of that size on that block these days so it was really a chance for a buyer to build their own special home," she said.

This shell of a property at 9 Queen St, Woollahra sold at auction for $2.4 million under the hammer.

The Woollahra construction site has been empty for about a decade.

The 244sq m property currently has some of a four-bedroom home layout that when finished by the new owners will also include two bathrooms, and a double lock up garage.

Being just footsteps from Oxford St and Centennial Park meant this multi-million dollar blank canvas was in high demand come auction night.

The hefty price tag for a property with no finished home comes within a week of several other "homeless" listings.

A 5.5m terrace facade with no house attached at 49 Great Buckingham St, Redfern has just fetched $1.3 million after auction. The 163sq m of dirt and rubble works out at almost $8000 a square metre.

David Servi of First national Spencer and Servi said land is at a premium so close to the city and buyers are willing to pay top dollar to get it.

"It is such a rarity and it's a real opportunity for buyers who want to live in this city location, but want to create a brand new home exactly the way they want," he said.

Along with the period green facade and its traditional iron lace work balcony, the block was sold with a DA approval in place for the immediate development of a three-storey house with rear lane access to parking.

This facade in Redfern recently sold for $1.3 million, but all there is behind teh period facade is a pile of rubble. Kellie Landrey is a buyers agent who says clients will pay top dollar for an inner city property.

Kellie Landrey, buyer's agent with Scoutable, said the unique find would appeal to several of her clients.

"I'm currently looking for a few buyers at the moment," she said.

"The market is so heated that people are considering everything they can get their hands on," Ms Landrey said.

Even as far from the CBD as Galston and Beecroft unusual properties without homes are also being snapped up for top dollar.

Before it could get to the auction table at the weekend, a 700sq m tennis court in Beecroft was sold for an undisclosed figure, but selling agent Wayne Vaughn of McGrath Epping confirmed it did achieve more than $1 million.

Real Estate agent Ingrid Evers at a property in Beecroft that sold for more than $1 million.

And in Sydney's north at 4 Gribbenmount Rd, Galston a 2ha block of landscaped gardens with no bricks and mortar on site has just hit the market with price expectations of more than $1.5 million.

Sue Guthrie's parents owned a 2ha block in Galston for 30 years and used it as a hobby garden. Their `secret garden' is expected to sell for around $1.5 million.