The much-loved family home attracted more than 40 bids from four parties. The successful buyers smashed the vendor’s reserve by $185,000.
Five parties competed,and the winners were a duo who had missed a string of opportunities elsewhere and decided to change tack.
A local family purchased the four-bedroom home for $650,000 above reserve,beating two others for the stylish Edwardian residence.
The home,known as Hallow’s House,sold for $1.2 million more than the vendor’s reserve price. The sellers were pleased the home was sold to an admirer of Bell’s.
A local family were the only bidders at an auction in Kensington on Saturday,and paid $125,000 extra in negotiations afterwards to land the keys.
An oversupply of housing stock paired with softened property values has created an ideal spring market for buyers.
The attached pair of brick maisonette houses sit in good company on this highly coveted street,where more than a dozen homes have previously sold for over $10 million.
A parent bidding on behalf of a first home buyer couple outbid three other buyers,including an investor,during a competitive auction.
The property was situated on an awkwardly shaped block and had once been used as a smoko spot for Kensington police officers.
The single-fronted terrace built in the late 1800s had a price guide of $1,885,000 and drew five eager parties in a rapid fire auction.
The bid came from a fed-up buyer who’d been looking for months. The multi-million dollar offer stunned the crowd into silence and ended the auction instantly.