Sydney auctions: North shore couple pay $1.506 million for Forest Lodge terrace

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Forest Lodge Hot Auction

Auctioneer Clarence White in motion at 5/208a St Johns Rd, Forest Lodge. Image: Tim Hunter.


A decided perspective paid off for a north shore couple after edging out six different younger patrons for the keys to a three-bedroom Forest Lodge terrace.

They paid $156,000 above the reserve at a aggressive public sale for the St Johns Rd home that noticed bidding are available in thick and quick.

Happening below the basking solar on a heat November’s morning, a purchaser’s agent began proceedings with a $1.35 million bid — bang on the reserve.

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Consumers Joni and Luke Freeman had been the seconds bidders to enter the combo with a $1.405 million punt — a soar of $45,000.

Forest Lodge Hot Auction

Joni and Luke Freeman had been the fortunate patrons. Image: Tim Hunter.


From there, auctioneer Clarence White was coping with so many bids — together with a number of bidding at the very same time, it was arduous for to maintain up with for a lot of within the crowd to maintain up.

As 4 {couples} and the customer’s agent traded bids — the sale worth climbed in increments ranging between $1000 and $5000 allotments.

Simply because the shortly because the bidders jumped into the world, they dwindled out till the decided Freemans remained and one other younger couple. The 2 traded a number of bidders, with the sturdy agency bidding by the Freemans sending the underbidder house empty-handed ultimately.

When Mr White dropped the gavel on $1.506 million, the Freemans had been overcome with pleasure as they traded a celebratory smooch.

Real Estate

The Forest Lodge house had sturdy competitors from seven events.


It featured renovated interiors.


The up to date terrace was the primary property the couple had seen within the interior west after beforehand seeking to looking out on the northern seashores.

Ray White Glebe and Erskineville affiliate director Matthew Carvalho mentioned the property market is on hearth in the intervening time.

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“It goes to indicate that good properties are very hotly contest, particularly ones that supply worth for cash like this,” he mentioned.

Mr Carvalho who had 80 teams examine the renovated property all through the marketing campaign, mentioned patrons cherished the placement and the way it included facilities resembling off avenue parking and a 3rd bed room.

The terrace had three bedrooms.


Forest Lodge Hot Auction

The Freemans had beforehand been taking a look at property on the northern seashores. Image: Tim Hunter.


“In case you’re seeking to purchase a home within the space at this worth level, you’re cash would solely get you a two-bedder and no parking,” he mentioned.

“Although it has strata, patrons nonetheless discovered it supplied nice worth.”

The Forest Lodge sale was one among about 838 Sydney auctions scheduled for the weekend, 13 fewer than the quantity recorded final weekend, Realestate.com.au reviews.

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