No. 31 Penkivil Street, Willoughby, sold at auction for $1.66 million.
It was love at first sight for a lady who paid $1.66 million for a two-bedroom cottage, after inspecting the property for the first time on auction day.
She was one of two registered bidders keen to snap up 31 Penkivil St, Willoughby. The other bidder was a young couple hoping to upsize.
LJ Hooker — Willoughby/Artarmon principal John McManus, said the buyer was completely unexpected.
MORE: How you could live like Usain Bolt
Sunrise’s Natalie Barr selling Federation home
Harbour bachelor pad perfect fit for Tim and Anna
“She walked in on the day and decided she was going to buy it after falling in love with the property,” he said. “It certainly surprised us.”
The cottage opens out to a large entertainment area.
Most of the interest in the property came from young couples with a few downsizers in the mix.
“The young couples really wanted something with more space, while downsizers were looking for something smaller, so this home offered the best of both,” Mr McManus said.
The 246sqm property has a large open plan kitchen and dining room, that opens up to a big deck and garden.
Federation in design, the home has a north to rear aspect — perfect for those winter days or if you love sunshine.
The house is positioned within walking distance of Willoughby Public and Willoughby Girls High Schools as well as express city buses.
The open plan layout has plenty of space to live comfortably.
The main bedroom has a fireplace.
According to CoreLogic data, 31 Penkivil St last changed hands in 2015 for $1.4 million. Records show it was rented in May of that year for $890 per week as well.
The north shore’s clearance rate on the weekend was 54.55 per cent, compared to Sydney’s 48.88 per cent.
Out of the 66 reported auctions on the weekend, 12 sold on the day, 19 sold prior and 30 were either withdrawn or passed in.
SIGN UP FOR THE LATEST REAL ESTATE NEWSLETTER