A trader who paid $368,000 for a junk-filled Christchurch home last year has taken a loss, selling the same property for $8000 less at auction.

A fire derailed plans for the Estuary Rd, South New Brighton property, forcing a sale.

Harcourts listing agent Harsh Singh told OneRoof the vendor had no insurance after buying the property “as is, where is”, and relisted it as developing the 759sq m site had not been part of his plans.

At a Harcourts auction last Thursday, three buyers bid on the burnt-out shell, with offers rising quickly from $70,000 to $210,000 before the auction paused for negotiations.…