A 2ha property 7km from the longer term Badgerys Creek airport has offered an eye-watering $1.2m above the reserve.
An investor who plans to landbank the Kemps Creek web site in the interim fended off robust competitors from ten different events to pay $4.8 million for 4 Turnbull Ave.
Auctioneer Rocky Bartolotto oversaw the public sale that opened at $3 million earlier than rising principally in $50,000 and $100,000 increments.
United Realty’s Charlie Cini mentioned he was surprised at how a lot the home offered for.
“It was completely surprising,” he mentioned. “What stunned me essentially the most was not that it offered within the $4 thousands and thousands, however that it went for that a lot.”
The property is situated on what might be one of many principal roads resulting in the airport when it opens in 2025.
Mr Cini mentioned there are many consumers trying to purchase within the space in the intervening time.
“As seen with this public sale, there are lots of people floating across the space with loads of cash to spend,” he mentioned.
The four-bedroom home featured excessive ceilings, ornate cornices, a timber kitchen and a three-way rest room.
CoreLogic experiences a house at 100 Martin Street, Badgerys Creek lately offered to builders for $5.37m.