A Chiswick waterfront home with access to a private beach that last sold for $5 million sparked an auction bidding war between two parties.
The home was in a local heritage conservation area,not traditionally as popular,but had features that proved a standout.
Listing agent Jack Parry said the sale price rivalled nearby homes with on-site parking. Domain Group recorded a preliminary auction clearance rate of 69.7 per cent at the weekend.
Eleven buyers – a mix of young families and developers,who were eyeing it for its knock down potential – registered to bid. But one group didn’t even get a look in.
Nine registered to bid on the circa-1900 grand four-bedroom residence,but the winner was very local.
The home’s artistically designed interior with exposed brick,timber and metal detailing drew seven bidders despite its modest land size.
The high-end house with its own home cinema and underground car park was a mortgagee-in-possession auction.
First home buyers paid $790,000 for the oversized 1990s brick one-bedroom unit,beating 11 others to the quiet,walkable location.
Twenty-six buyers registered to bid on the two-bedroom unit,which is in an unliveable condition
An investor keen to capitalise on Sydney’s soaring rents beat nine other parties for the tidy apartment close to cafes.
The owners converted the old office into bedroom for their Tibetan mastiff,that was “looked after like a prince”,with a custom-built shower space.