Sydney auctions: Uncommon Mt Druitt block sells for $651,000 at public sale thriller

- Advertisement -
- Advertisement -

Real Estate

Lot 3 Coates Road at Mount Druitt has offered for $651,000 — barely lower than the median home worth within the suburb.


A uncommon probability to purchase a vacant 674sqm block at Mt Druitt proved to be irresistible for a lot of Western Sydney consumers.

A complete of 12 events registered to bid for Lot 3 Coates Street, with the native purchaser paying $651,000.

The ultimate sale worth was a whopping $101,000 above the reserve set by Laing+Simmons agent Basel Nahas.

MORE: Inside Karl Stefanovic’s waterfront mansion

Breathtaking estate has private golf hole and infinity pool

Western Sydney neighbours set for big financial win

Realestate.com.au stories the sale worth can also be practically bang on the $683,000 median home worth for Mt Druitt.

Real Estate

The client for the block was from the following suburb.


Mr Nahas stated the possibility to purchase a vacant block in Mt Druitt was unprecedented.

“It’s just about inconceivable to seek out one thing like this as all of the out there land has already been constructed on,” he stated.

“You would need to knock down a home to get one thing like this.”

The Coates Road block had by no means been constructed on earlier than and had R2 residential zoning, which permits for a purchaser to probably constructed a granny flat.

“Many consumers beloved this chance, because it permits for multi era dwelling or the choice to generate earnings on the aspect,” he stated.

Real Estate

No. 5 Romford Street, Epping, offered for the primary time in 57 years.


Elsewhere, an early morning begin didn’t deter 16 bidders from registering to compete at an public sale for a four-bedroom Epping house.

The overwhelming curiosity noticed the property promote for $390,000 above the reserve at $2.09m after a complete of 38 bids have been positioned. The vendor, Valerie Stoney, who had lived at Romford Road home for 57 years, informed auctioneer Stu Benson that her late husband would have be ‘gobsmacked’ on the worth.

To cap it off, the worth was additionally $440,000 above the worth information set by Stone Actual Property Beecroft’s James Kwon. On 765sqm, the house had an authentic kitchen, ample storage and a degree yard.

Real Estate

First homebuyers bought 3/55 King Road, Wollstonecraft.


Decrease north shore consumers has paid practically $100,000 over the reserve for a two-bedroom residence at Wollstonecraft.

Extra from information

Sydney auctions: Eastern suburbs couple pays $2.475m at auction for deceased estate
Former Wallaby Pat Howard offers Paddington investment property as businessman lists Astor apartment

The primary homebuyers edged out eight different registered bidders for 3/55 King Street after paying $1.372m to seal the deal.

Bidding began at $950,000 and elevated with increments of $50,000, $20,000 and $1,000.

Belle Property Cammeray agent Tom Scarpignato, who offered the property with Belle Property Lane Cove’s Patrick Lang, stated the residence was very fashionable with first homebuyers.

“They beloved the dimensions, side, outlook, structure and site of this properly renovated residence throughout from Brennan Park,” he stated.

Real Estate

14 bidders had a crack at 11 Excessive Road, Cronulla.


A household house supplied for the primary time in 40 years close to the seaside at Cronulla has offered for $1.970 million.

The three-bedroom High Street residence traded for $270,000 above reserve after 14 bidders registered together with the client — a younger native household trying to upsize.

Auctioneer Andrew Cooley stated bidding opened at $1.6 million, with 54 bids traded ­between the events in a fast occasion. He stated the house was widespread with consumers as a result of potential it supplied, in addition to its location in Cronulla.

“It was in an incredible place close to loads of facilities and was good for these trying to do a rebuild or a renovation,” he stated.

The public sale follows Gibson Companions agent Ian Lampret receiving loads of curiosity for 11 Excessive St throughout the marketing campaign.

SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER

- Advertisement -

Latest news

- Advertisement -

Hunter and Albury areas flagged as low cost areas the place house costs will ‘growth’

Property funding alternatives are rising within the Hunter Area because the financial system diversifies away from wine and mining. The Hunter Area north of Newcastle...

Is that this the time to fret about falling leases?

Whereas property values confirmed resilience by means of the troublesome Covid19 induced property cocoon of 2020, the rental markets in sure components of Australia...

Related news

Hunter and Albury areas flagged as low cost areas the place house costs will ‘growth’

Property funding alternatives are rising within the Hunter Area because the financial system diversifies away from wine and mining. The Hunter Area north of Newcastle...

Is that this the time to fret about falling leases?

Whereas property values confirmed resilience by means of the troublesome Covid19 induced property cocoon of 2020, the rental markets in sure components of Australia...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here