Real Estate

fiji accountant buys derelict randwick flat for 1 18m

Written by The ReReport

2/18 Daintrey St, Randwick sold for $1.18 million, $80,000 above reserve

AN accountant in Fiji has bought an unlivable flat in Randwick at auction this morning to serve as a Sydney pad when she comes to visit her 15-year-old son.
And despite paying $1.18 million — $80,000 above reserve — Lisa Apted was happy with the price she paid for the deceased estate at 2/18 Daintrey St.
“I do think the market has softened in the time that I’ve been monitoring it and I think I got it for a good price,” Ms Apted said.
McGrath agent Angus Gorrie had eight register for the two-bedroom Art Deco apartment, which had ocean views and a garage.

First home buyers to fight over art deco treasureFriends Craig and Mary James with Lai Yee-Joy have Lisa Apted on the phone from Fiji at today’s auction. Picture: Richard Dobson

Ms Apted, who is based in Suva with her husband, shipping agent Bradley Bower, had been the first person to come and look at the apartment five weeks ago.
She had a friend, Lai Yee-Joy, acting for her at today’s auction, who managed to outbid the five others who competed for it from $950,000.
“We’re very excited,” said Ms Apted, who, post-renovation, is planning to visit the apartment every couple of months to visit their son, Connor, who is a student at Riverview.

The facade of the Daintrey St, Randwick, block

“We were really looking for something that would suit our children for university for the longer term. so you can’t ask for something better than this,” Ms Apted said.
“I had seen something on that street a couple of years ago that I loved but I wasn’t in the right space to purchase at that time.
“I like the older-style small block and it’s a very generous-sized apartment, there’s a parking spot and it’s in a great location.”
The apartment had been the home of Martin Lissing’s family for 57 years — with his mother and sister, who was handicapped, living there most recently until their deaths over the past couple of years.

First home buyers to fight over art deco treasureVendors and brothers Jerry Lissing and Martin Lissing at the Daintrey Cres block this morning. Picture: Richard Dobson

His parents had moved in as tenants in 1961 — originally renting — but bought the flat when they had the opportunity 10 years later.
“My brother and I lived there with my parents until we got married and moved out,” he said.
Mr Lissing now lives in Lugarno and his brother is in Canberra.
“Today was a good result for all concerned — us the sellers, the buyers, the agent and even the media because you got a good story,” he laughed.

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