Core Viewpoint - The property market in Erskineville, Sydney, is experiencing a surge in buyer interest, particularly for historical homes that have not undergone gentrification, despite their dilapidated conditions [1][3]. Property Details - The property in question is a two-bedroom Victorian-style house built in the 1870s, located at 78 Rochford Street, and is one of the few remaining original homes in the area [1][3]. - The house features historical elements such as an iron fireplace, ornate ceiling roses, weathered floors, and original wooden stairs, providing a unique glimpse into the past [3][5]. - The property sits on a 153 square meter lot, which is considered a substantial area for the region, and has received development approval to be transformed into a three-bedroom, two-bathroom family home [7]. Market Context - Properties in Erskineville, once home to working-class families, are now highly sought after, with sale prices frequently exceeding 2 million AUD [3]. - The current owner purchased the house four years ago, which had been held by the previous family for over 60 years, indicating a long-term investment potential [5]. - The property is set to be auctioned on June 21, with a guide price of 1.4 million AUD, presenting a unique opportunity for buyers to create their own home [7][9]. Agent Insights - Nick Playfair from BresicWhitney Inner West highlights the property as a unique opportunity for buyers to develop it into their own home, emphasizing its location on a popular street in a developing community with numerous amenities [9].