Sydney homes are typically spending more than 40 days on the market before being snapped up — but some continue to buck the trend.
It took just over a week for this fibro home in western Sydney to sell, and it went for a great price.
At the end of a cul-de-sac, the unassuming property at 14 Knox St, Pendle Hill, generated strong buyer interest and created hot competition as soon as it was listed for sale.
“We had multiple offers on the property and it was only on the market for about 10 days,” selling agent Nick Bardon from Elders Real Estate Toongabbie said.
“Location and land size was the drawcard — it is a big block with beautiful Blue Mountains views and it had granny flat potential,” Mr Bardon said.
While the property attracted interest from a mix of buyers, it sold to an investor for $890,000.
The sale price went $50,000 above the suburb’s current median house price, according to CoreLogic data.
The tidy three-bedroom house is set at the front of a 952sqm block. Inside, features include timber floors and high ceilings.
Out the back is a covered entertainment area with a built-in barbecue as well as a detached workshop which spans 10m x 5m.
Records reveal the property has been held by the vendors since 2005. The agent said they were a young family selling to upsize in the local area.
With a median asking rent of $485 a week in Pendle Hill, the new owner plans to lease it.