Real Estate

former boarding house smashes the reserve by more than 200k

Written by The ReReport

No. 1/29 Bay Rd, Waverton, sold to a young couple for $1.326 million.

A YOUNG couple has emerged as victors in a huge auction, paying $226,000 above the reserve for a deceased estate in Waverton.
The auction at 1/29 Bay Rd, had seven registered bids, with five taking part in front of about 100 people.
It was a fast auction, with a total of 73 bids coming in one after another.

RELATED: Former Today host selling Mosman home

Georgie Gardner’s big property payday

New Crown apartment tower has its own forest

Listed with McGrath’s Donovan Murphy and Nigel Mukhi, it sold for $1.326 million under the hammer.

Real EstateThe 120sqm garden on title was the biggest draw card for the property.

“This was a great result for the area in the current market,” Mr Murphy said.
Throughout the entire campaign, interest in the property had been strong, with around 80 groups inspecting it in the first two Saturday inspections alone.
The property was once used by the Shore school as a boarding house, and Mr Murphy said traces of the boarders can still be found.
“In the apartment next door to this one, there are still have engravings of boarder’s names on the fireplace,” he said.

Real EstateThe kitchen opens up to the outdoor entertaining area.

Real EstateThere are two bedrooms and a large living and dining room.

The apartment appealed to buyers on the day because of the large garden, which was 120sqm on title.
The kitchen has plenty of storage, electric cooking and space for a dishwasher.
The ground floor residence is 400m to Waverton station. Waverton shops and cafes, as well as waterfront walking tracks are easily accessible from the property.


Source link