At Saturday's auction, the blighted Bowman St property was guided at $2.7 million, up from an initial $2.5 million guide.

However, the four-bedroom, three-bath home had been priced as high as $4.11 million in June 2021 with financing from the Macquarie Group, when BresicWhitney said the home had a "well-executed architect's vision."

This follows the 2019 purchase of the 550-square-meter 1910 home for $1.63 million, whose $135,000 certificate of occupancy for the work was submitted to the Canada Bay Council in early 2021.

Marketing for 2021 suggests "character preserved in the front and modern resort-style living in the rear." The guide price is $3.4 million.

In 2021, the real estate agency offered a standard free building and pest report, but not this time, as it suggested "renovators and builders have the potential to complete their own contemporary vision."

BresicWhitney are "supporting" the homeowner "given the tense nature of the situation" and following local speculation, BW have said they will sell the property on a commission-free basis.

Edwin Almeida from Ribbon Property Consultants suggested buyers would need "over a million dollars" to make a difference.

According to PropTrack, the median home price in Drummoyne is $2,663,000, down 9.9 percent in the last 12 months.