Real Estate

Art Deco house in Ashbury sells at auction for $1.69m

Written by The ReReport

No. 62 Leopold St in Ashbury sold for $1.69 million.

An Art Deco house in Ashbury that had been in the same family since 1964 sold at auction on Saturday for $1.69 million.

The four-bedroom house at 62 Leopold St with two parking spots attracted plenty of interested buyers, with six registering for the auction and four throwing their hat in the ring.

Bidding started off at around the $1.525 million mark and increased in increments of $25,000 before slowing to $5,000 bids near the end.

Selling agent Raimondo Campione of Elders Inner West-Ashfield had over 60 groups through the property over the last four weeks, with an average of 10 or 12 people at every open home, plus private inspections.

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The house is on a 583sqm block.

A young family were the very happy buyers, planning to move in and live with their two young kids.

The Art Deco design, solid brick build and location close to all amenities in the area were some of the biggest selling points, Mr Campione said.

With Christmas just around the corner, buyers are keen to get in and secure a deal, while vendors are more motivated to sell their property before the break.

“That’s what I find is that there is a bit of a Christmas rush with real estate, as everyone wants peace of mind during the period,” Mr Campione said.

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Buyer feedback had been around the $1.6 million to $1.65 million region. The house is on a 583sqm block and has a classic curved facade and high ceilings.

A look inside the Ashbury home.

In other results, a two-bedroom period terrace in Rozelle on a 70sqm block has sold prior to auction for $980,000.

The house at 8 Red Lion St originally had a price guide of $900,000 to $990,000 and was due to go to auction on December 1.

There were five contracts issued and 40 groups through the inspections, according to selling agents Robert Clarke and Michael Hallit of Belle Property-Annandale.

The pair negotiated with three parties to secure the sale, with the buyers a young family from Ryde.

The house is part of a row of c1888 terraces built on sandstone foundations, with many original features still remaining.

No. 8 Red Lion St in Rozelle sold for $980,000.

It was a successful weekend for the Belle Property team, with Lynsey Kemp and Jack Dunne of the Balmain office securing the sale of a two-bedroom townhouse at 3/16-18 Palmer St in Balmain.

It sold on Friday for $1 million to a young couple from Pyrmont. There were seven contracts issued and 33 groups through inspections.

“The property attracted young couples and first home buyers. This is an attractive price point for the area and buyers liked the central location,” Ms Kemp said.


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