Add CategoryIn this sought after Inner West suburb, a unit has surpassed expectations by selling $305,000 above it’s reserve, prompting the agent to call it the “Goldilocks suburb” – a perfect fit for homebuyers seeking the balance of value and lifestyle.
The two bedroom unit in Marrickville over looking the golf course sold for $1.505m, with eager first home buyers outbidding downsizers.
Located at 1/37 Riverside Cres, the home had two balconies, on two separate sides of the apartment, located on the second floor of the building.
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The heated auction at the Marrickville apartment. Picture: Phoenix Naman.
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There were eight registered bidders and the sale was the highest result at auction for a two-bedroom apartment in Marrickville.
It was also the highest price paid for an existing apartment in Marrickville.
Listing agent Adrian Tsavalas director at Adrian William said he was finding Marrickville was on the top of buyers lists.
A crowded room to see the property sell under the hammer. Picture: Phoenix Naman
Inside the popular home at 1/37 Riverside Crescent, Marrickville.
“The properties that we list in Marrickville in terms of desirability it has outpaced Newtown,” he said.
He said it was all about the proximity to everything and the lifestyle.
“Every week there is a new restaurant and brewery popping up, there is so much going on it offers great choice for those who live there.”
“It’s a huge suburb and its very diverse.”
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This comes after a suburb record was reached only a week earlier, with a Neville St Home selling for $4.9m, $400k above the previous Marrickville record.
“It offers the unicorn of a lifestyle, it’s the goldilocks suburb,” Mr Tsavalas said.
In Western Sydney, a modern family home sitting on a huge block in The Ponds sold for $2.3m, $100,000 above its reserve.
“It’s very rare in this area, the location and the land size,” listing agent, Eddie Quespe from Hills Direct real estate said.
87 Waterfall Boulevard, The Ponds sold $100k above reserve at auction on Saturday.
The home at 87 Waterfall Boulevard was a large contemporary five bedroom home with four bathrooms and two car spaces.
Auctioneer, Michael Garofolo from Cooley said there was really strong bidding.
“We had a cheeky buyers agent start at $1.3m, but then it went up by $100,000 quite quickly to finish at $2.3m,” he said.
He said there were around 100 people came to see the auction.
The property ticked a lot of boxes with buyers, a large house and block, close to the shopping village and in the right catchment zone, according to Mr Garofolo.
The large block is considered rare in The Ponds area.
“It’s a tightly held community, these kind of offerings don’t come up often.”
An auction in Mortdale saw a dated home smash its reserve by $200k.
The home at 1 St Catherine St sold for $2m and had nine registered bidders after agent Fraser Glen from Ray White was only expecting five or six.
“There was one investor but the top three bidders were all developers,” he said.
1 St Catherine Street, Mortdale.
The property sold to developers, eager to rebuild on the property $200k more than expectations.
Mr Glen said there was a bit of a stand off to start and someone jokingly said $1.1m, when it went up by $100,000 and slowed at around $1.7m.
“The vendors were super happy, really delighted,” he said.