Real Estate

House in “best location in Grange” sells under hammer for $827k

Written by The ReReport
As seen in the Source link, written by news.com.au on 2018-12-16 01:15:10

A HEATED auction unfolded last weekend as bidders fought for a house in the “best location in Grange”.

Four registered bidders were vying for the three-bedroom house at 74 Uxbridge St, which was on a 461sq m block.

Ray White New Farm agent Nicholas Given said bidding kicked off at $650,000 before being swiftly boosted up to $700,000.

The pace slowed until $780,000, when the agent said bidding went “rapid fire” until $815,000, and shortly after the house was sold under the hammer for $827,000.

Mr Given said the house was bought by a female buyer who was upgrading from an apartment.

“She just loved it for the spot and was taken by the location,” he said.

“Think of the best location in Grange, a little corner block, surrounded by trees and in a peaceful cul-de-sac street.”

The sale was a bargain at $130,500 below the suburb median, although Mr Given said the new owner would undertake some renovations at some point in the near future.

According to CoreLogic Data, the median house sale price for Grange is $957,500, which is up 4.6 per cent on the 12 months to September.