Strathfield house sells at auction $400k above reserve

Posted by on April 5, 2016 in Market Reports | 0 comments

Strathfield house sells at auction $400k above reserve
Strathfield 内西区 悉尼房产

67 Arthur St, Strathfield

One of the notable sales from the weekend’s auctions included a six-bedroom house at Strathfield, which sold for $3.3 million, $400,000 above reserve.

About 200 people attended the auction of 67 Arthur St, which received seven registrations. From an opening bid $2.8 million, four buyers battled it out in $50,000 bids until reaching $3.2 million.

Strathfield 内西区 悉尼房产

67 Arthur St, Strathfield

The successful buyer secured the home with a $100,000 bid.

Selling agent Norman So from McGrath Concord said the interest for the home had been so strong that the auction date was pushed forward by two weeks.

During the campaign, he saw through 150 groups at inspections and issued seven contracts.

Mr So said the market had been sluggish in the first two months of the year but had now picked up.

“Buyer inquiries have more than doubled in Strathfield and the surrounding areas,” he said.

 

PETERSHAM: INVESTOR BEATS RESERVE

Petersham 内西区 悉尼房产

7 Albert St, Petersham

AN INVESTOR snapped up a three-bedroom house at 7 Albert St, Petersham, for $1.585 million, smashing the reserve by $135,000.

Four of seven registered bidder competed at the auction, which opened at $1.2 million, and rose in $25,000 and $10,000 lots.

The successful buyer was a family who lived on the street and registered without seeing the home.

During the campaign, 111 groups inspected the house and 17 contracts were issued by Michael Harris and Duncan Gordon from Raine & Horne Newtown.

They also sold a three-bedroom terrace at 22 Egan St, Newtown, for $1.6 million after it passed in at auction for $1.54 million.

 

DRUMMOYNE TOWNHOUSE

Drummoyne 内西区 悉尼房产

3/15A Wrights Rd, Drummoyne

IN DRUMMOYNE, a town house at 3/15A Wrights Rd sold at auction for $990,000.

Two of the three registered bidders competed for the property, with bidding opening at $950,000.

The successful buyers were a young couple from Drummoyne looking to upsize from a unit.

Adrian Sereni from Warwick Williams Real Estate saw 63 groups go through the home and eight contracts were issued.

 

Published: April 5, 2016

By: Brendan Wong

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