Strathfield house sells at auction $400k above reserve
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.
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
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.
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 WongTags: auction, auctions, family, home, house, market, sales