A three-bedroom fixer upper across from Clovelly beach sold for $4.95 million.Property listings., which records show last traded for £1900 in 1930.Peter Rae
The phone bidder, a Darling Point investor, eventually increased their offer to $3.2 million. This was topped by a $3.5 million vendor bid, at which point the home was declared on the market. But with no further offers from any of the four registered bidders, the property was passed in. “We’ve had lots of celebrations and family milestones here ... we’ve all had our fill, and now it’s time to pass it on.”
The bidding began at the $4 million price guide, and climbed in $100,000 increments to $4.6 million, quickly passing the $4.5 million reserve.Darran Wyatt, of DiJones Eastern Suburbs, said there was a huge number of enquiries given the property’s prime position. Some interested parties were looking to spend $1 million to $2 million on renovations, but the buyer was planning more modest upgrades.sold for $5.
The 169-square-metre block sold through Emma Challen, of Stone Real Estate North Ryde. It last traded back in 2014 for $875,000.7 Wells CourtAuctioneer Stu Benson, of Benson Auctions, took an opening bid of $1.7 million, and a further 22 bids from four of the buyers, before the fall of the gavel at $2.09 million – $140,000 above the reserve.