House with no toilet sells for $2m as New Zealand property market soars

The decaying, rundown property in the Auckland suburb of Grey Lynn was prized because of its renovation potential

A decaying three-bedroom house with no toilet or bathroom, missing walls and an overgrown garden has sold in New Zealand for more than $2m (1m), in the latest example of runaway property markets around the world.

The 1920s-era bungalow on Ariki Street, in Auckland's affluent suburb of Grey Lynn, sold at auction on Thursday for $2.075m (1.05m), after the bidding opened at $1.75m, Stuff reported.