Bidders battled it out for this waterfront home.
THE emphasis on ‘location, location, location’ when searching for property continues to hold true for buyers.
A local family has traded in their modern home for one built in Cecil Hills 18 years ago — but only for the chance to secure its prime, and rarely offered, position.
The house at 21 Inverness Circuit, has sweeping views of the tranquil Cecil Hills Lake.
Check out the view from the entry hall.
The waterfront setting, which is captured in the entry hall, two bedrooms, the main living room and the covered outdoor area, is what generated more than 30 inspections prior to the auction.
The six-bedder on 670sqm sold under the hammer on Saturday through McGrath Liverpool’s Glen Craigie and Frank Bartolone.
“It was one of the most competitive auctions I have seen in months because almost all of the six registered bidders took part,” Mr Craigie said.
“They all held their cards close to their chest and just when we felt a buyer was stepping back, they would bid again,” he said.
Bedroom windows frame the picturesque setting.
Bidding opened at $850,000 and the gavel fell at $1.145 million — above the $900,000 expectations.
Mr Craigie said while there had been less competition for typical homes, buyers were still splashing out on those with unique features.
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The six-bedroom house that has a number of open-plan living areas and a double garage, last sold in 2011 for $727,000.
A property only a few doors up changed hands in March for $950,000.
CoreLogic data shows the suburb’s median house price is $898,500 – a figure which dipped 5.4 per cent in the 12 months to July.