Real Estate

downsizers pay top dollar for a semi in a prime location

Written by The ReReport

No. 4 Carlow St, North Sydney, sold under the hammer for $2.480 million

DOWNSIZERS have paid $2.48 million for 4 Carlow St, North Sydney in a hotly contested auction.
The three-bedroom semi had five registered bidders with three taking part on the day, which is a very good for the current market.
Bidding opened at $2.1 million in front of a crowd larger than 50 people. With three buyers vying for it, it should come as no surprise that the home ended up selling for $30,000 above the reserve.

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Listed with Belle Property Neutral Bay’s Mark Jackson and Christian Percuoco the property was popular with a number of buyers looking to take advantage of the convenient address.

Real EstateThe impressive semi is spread out over three levels.

It was located right on the doorstep of Crows Nest, which offers plenty of choice for shopping and dining. St Leonards Park and North Sydney Oval is also located at the end of the street.
Over the course of the campaign, more than 110 groups inspected the popular semi and 17 contracts were handed out.
Sitting on 200sqm, the property had two bathrooms and parking for two.
CoreLogic data shows that it last traded in 2016 for $2.420 million — $60,000 less than what it sold for this past week.

Real EstateThe living dining area opens out to large courtyard.

Real EstateThe Carlow St semi sits on 200sqm of prime real estate.

With the spring selling season in full swing, the lower north shore is continuing to outperform Sydney’s clearance rate. This past week, the clearance rate was 61.54 per cent while Sydney could only manage 53.3 per cent.
Eight of the 13 properties scheduled to go under the hammer sold prior or at auction across the lower north shore.
Three homes were passed in without a buyer and the remaining tow properties were withdrawn after auction.


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