No. 43 Spencer Rd, Killara, has been owned by the same family for 90 years. It sold at auction for $2.050 million.
A KILLARA home has changed hands for the first time in 90 years after it sold at auction on the weekend for $2.05 million.
There were three registered bidders on the day — all after the land that 43 Spencer Rd is on, said Savills Lindfield agent Charles Caravousanos.
“All three of our bidders were looking to knock down the home and build something modern,” he said.
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The winning bid of $2.05 million was still short of the original price guide. Mr Caravousanos said buyers are more cautious about paying too much in the current market.
The home sits on a large parcel of land.
“Buyers seem to wait and see what happens at auction before showing their cards. They don’t want to pay too much, but there still plenty of good buyers,” he said.
The Savills agent said it was important for vendors to be realistic if they want to sell their home.
“We see plenty of vendors who turn down the highest bid at auction, only to wish they accepted it a few weeks later when they’re not getting that money,” he said.
Mr Caravousanos, who sold the home with Elizabeth Bailey, had 15 contracts issued on the home.
The original Killara home was once owned by Swedish diplomat Manne Lindholm, the Chancellor to the Swedish Consul General in 1923. It was used as a private property during his time in Australia.
An image of the house back in the late 1920s.
The home still has many of its original fittings from when it was first built.
During the five years Mr Lindholm lived at the property, records show that he built the current four-bedroom home.
It was purchased by Oscar and Hilda Simons in 1928. Their family have held on to the property ever since they purchased it.
The California Bungalow is nearly in the same condition as when it was first built, including the original door and light fittings, milkman’s box and leadlight windows.
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