Seven buyers registered,all with big dreams of turning a deceased estate with uninterrupted views and a top position into a trophy home.
The home passed in and eventually sold to the only bidders,a young couple with two children,who negotiated the sale.
The Lindfield home already comes with four bedrooms and a pool,but a buyer paid $3.76 million at auction on Saturday just to knock it down.
For sellers,setting a deadline creates competition among interested parties – but there are advantages for buyers too.
Five young families competed for an estate with swimming pool and tennis court,though the real drawcard was its access to schools.
Despite the peeling wallpaper and ’70s carpet,the home soared $100,000 past its reserve and hundreds of thousands beyond the vendor’s expectations.
A couple who had just returned from a conference in Italy bought a turnkey,architecturally designed home in Flemington for $1.95 million with a dramatic final bid.
The property’s large land size and proximity to the Metro and CBD appealed to investors from Eastwood and Macquarie Park,who plan to rebuild.
A former crumbling cottage transformed into a Hamptons-esque Queenslander was snapped up by an engineer who’d had a week to remember,thanks to Cyclone Alfred.
A keen buyer made a final knockout bid to beat eight other registered parties for the three-bedroom home on a cul-de-sac.