Deceased estate causes bidding war
A DECEASED property, available on the market for the primary time in virtually 30 years has been snapped up at public sale for $1.75 million.
The property at 20 Boronia St, Harmony West bought by Unique Actual Property’s Andrew Bova who mentioned the bidding began at $1.6 million and three bidders registered on the day.
“It was aggressive bidding with two consumers fiercely preventing it out on the day,” Mr Bova mentioned.
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The house was purchased by a younger, native household, he mentioned.
The house is on greater than 700sqm of land and was marketed as a redevelopment alternative, topic to council approval.
It has three bedrooms, one rest room and parking for 2 vehicles. The property final bought in 1990 for $260,000, in keeping with CoreLogic data.
The median home value in Harmony West is $2 million and has skilled a development of 5.5 per cent within the 12 months to March.
Supply hyperlink – https://www.information.com.au/finance/real-estate/sydney-nsw/hot-competition-for-concord-west-deceased-estate-sees-it-sell-at-auction-for-175-million/news-story/7d48012daedcd33a3e3dced742da9182