Add CategoryThree different Sydney houses have sold more than $1m over what their owners had hoped for under the hammer on Saturday.
It proved to be more than just Sydney’s weather that heated up in the last weekend of winter auctions in the harbour city which produced some staggering auction results.
A dated East Lindfield home at 162 Tryon Rd sold for $4.05m, the owners would have been happy with $2.9m.
Besides being freshly painting, tidying up the garden and styling the home for the sale, the property hadn’t been touched since the owners paid $2.75m for it in May 2022.
Listing agent Ray White Upper North Shore’s Jessica Cao thought they thought it would only go a bit more above the previous sale price considering it was in a similar state.
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Ray White’s Jessicao Cao pictured with her sales team after the property sold for $4.05m.
“Its on the lower side of the street, the house was quite tired and still needed quite a bit of work,” she said. “But two of the buyers just really wanted it.”
The auction had five registered bidders, with three active, heading up in $50,000 increments.
She said the biggest draw card for the owners was the views.
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“The views are pretty amazing I think when you have something intangible like that, its hard to put a price on it, it comes down to how much you want it,” Ms Cao said.
162 Tryon Road, East Lindfield, sold for $4.05m, reserve was $2.9m
The views which pushed the buyers prices up.
The property sold to a local family from a nearby suburb who were going to live in the home and then eventually renovate.
In Tennyson Point, a property sold for $5.32m, more than $1m over the owners hopes.
The three bed cottage had 11 registered bidders and four participated.
The price guide was $4m, with a reserve of $4.3m.
Listing agent Michael Gallina from Belle Property Hunters Hill said there was “very aggressive bidding,” in increments of $100,000.
The Tennyson Point home sold $1.03m over reserve.
The large 809 sqm block was attractive to developers.
“(The) result was well beyond everyone’s expectations. Tennyson Point once again proves to be one of the most in-demand suburbs in Sydney,” he said.
The large 809 sqm block drew interest from developers and renovators.
“There is a huge volume of buyers wanting to secure their piece of land to build luxurious homes. This home is one of the few remaining large blocks with a 20m frontage in the area,” Mr Gallina said.
The home sold to duplex developers from Turramarra.
In Fairlight on Sydney’s northern beaches, an apartment has sold for $4.7m, $1.7m over its reserve.
5/7 Lauderdale Ave, Fairlight sold for $4.7m $1.7m over reserve.
With four registered bidders, the unit at 5/7 Lauderdale Ave appealed to older residents as the property was level with the street with no stairs and overlooked the beach.
A dated Baulkham Hills home almost reached the $2m mark, selling for $220,500 above reserve.
Selling for $1.9705m, with a reserve of $1.75m, listing agent Jason Li from Murdoch Lee Estate Agents said the home sold to a young first homebuyer couple.
“Its one of the best auctions we’ve had this year, it was one of the best blocks so it appealed to a wide buyer demographic,” Mr Li said.
Held in the family for over 50 years, 10 Dunkheld Ave had interest from a mix of buyers including developers, first home buyers, downsizers, land bankers and renovators – with a total of 15 registered to bid.
Stu Benson at 10 Dunkeld Ave, Baulkham Hills, selling $220,500 over reserve.
10 Dunkeld Ave Baulkham Hills.
A comparable four bedroom property one street over at 40 Burrandong Crescent had sold for $1.048m only one month ago.
Auctioneer Stu Benson said the final three bidders were families looking to buy the home to renovate and live in.
“So there was definitely an emotional attachment to the property,” Mr Benson said.
“(The vendor) was blown away by the demand, and the final sale price, remarking that it was simply unbelievable and more than he ever thought was possible,” he added.
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