Proof Australia's housing market has gone mad: The awkward detail in this photo of a house that sold for $3million

A Sydney home that prospective buyers weren't able to physically inspect because it was missing almost all its roof has sold for close to $3m.

The three bedroom home at 89 Fitzroy St in Sydney's inner west suburb of Burwood sold for $2,750,000 earlier this month.

That's despite its roof being almost completely caved in, having boarded up windows and an overgrown yard.

Interested buyers were informed they were unable to set foot inside the dwelling.

'Please note: Internal inspections will not be permitted as the property does not meet health & safety requirements,' the listing read.

Instead, the property was advertised as a 'land value opportunity in a prime location'.

'Available for the first time in more than 60 years, now offering a rare opportunity to purchase at land value in one of Burwood's most highly desirable streets,' the listing read.

Those with deep pockets, and able to overlook the crumbling property, were told to consider the house's proximity to schools.

'(The property is) located within easy access to some of the area's leading schools and only 750 metres from Burwood train station, major shopping, cafes & restaurants,' it said.

The median house price for a three bedroom property in Burwood is around $2.1m, according to realestate.com.au