A young couple would buy 17 Arkena Ave, Epping.
Sale agent Liz Wiggins from WigginsKeenan said this to her vendor at the start of the auction campaign and it took one week to prove she was right.
“I said they would fall in love with the gorgeous little timber cottage and the garden,” Ms Wiggins said.
Because they couldn’t make it to the first scheduled inspection for the refurbished three-bedroom house on a 323sq m block, a young couple — she is a horticulturalist — were given a private viewing beforehand.
The property attracted 18 groups to the only open and was snapped up by the couple for $1.2 million.
The vendor, a tiler by trade, had totally updated the property and planted a lovely garden that included a vege patch.
No option but auction
Because it was being sold through the NSW Trustee and Guardian, 74 Oxford St, Epping, could only be sold via auction.
Sales agent Oliver Sheehan from Ray White — Epping said the auction sale was a perfect example of “fair market value”.
“Selling prior wasn’t on the table,” Mr Sheehan said. “Auction day delivered a sale price.”
The property is in a conservation zone, but the house on a 980sq m block with dual street frontage, is not protected.
“As it stands, the only thing you can do is put a new house on the land,” Mr Sheehan said.
Hornsby Shire Council does not permit duplex developments.
However, the property was marketed as having great future potential and position.
Seven bidders registered and bidding broke the undisclosed reserve for a $1.7 million sale.
The new owners are a local family who loved the location and the opportunity it presents, Mr Sheehan said.
Sunday sale delivers result
A property at 50 Hannah St, Beecroft, sold at a Sunday auction for $1.8 million.
Conor Arnold from Richardson and Wrench Ryde City said the new owners were investors.