This property in Sydney’s west sold for well above price expectations.
A grand property in Sydney’s west has sold under the hammer for $1.542 million — smashing the reserve price by about $150,000.
The recently updated five-bedroom, five-bathroom house at 6 Seymour St, Dundas Valley, went to auction at the weekend with two registered bidders.
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Award Group Real Estate’s Leighton Avery and David Johnson showed about 45 groups through the home during the campaign.
Mr Avery said bidding opened at $1.25 million and became “very competitive” between the parties, pushing the sale price well above the guide of $1.35 million.
The house has five bedrooms and five bathrooms.
“It was really interesting — the man who bought it kept upping his own bids to intimidate the under bidder, which worked in his favour in the end,” he said.
“It was quite a crazy auction result given the current market, which is seeing most properties heavily discounted.”
The home has been updated in recent years.
Set on about 640sq m, the two-storey house has formal and casual living spaces and an entertainment area on each level. The property is also close to shops, schools and transport.
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The eager buyer was upsizing from Pendle Hill while the sellers were relocating.
The property fetched more than the suburb’s median house price of $1,162,500. The latest CoreLogic data shows the figure dropped almost 10 per cent in the 12 months to August.