An old cottage in Nundah that could have sold for a song has instead fetched more than $1.5 million after sparking a bidding frenzy among more than 30 buyers.

Screaming out for renovation, but perched on an 820 square-metre block at 316 Buckland Road, the three-bedroom house went under the hammer with no reserve at a packed in-room auction on Saturday, meaning it could have sold for pocket change if only one bidder showed up.

Instead, 32 stormed the event – from “chippies” to investors and first home buyers – with bidding opening at just $1000.

The next offer jumped to $100,000 then $400,000 in seconds, before one bidder cut through the noise with a $1 million bid.

From there, a handful of punters pushed the price to $1.2 million, before two were left standing.

“It slowed down at abou

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