Sydney auctions: Concord suburb record broken by $1m after luxury mansion sells for $5.9m

Real Estate

No. 32 Tripod St has broken the Concord suburb record.

Concord has seen its suburb record broken by close to $1 million in a thrilling auction that saw 15 parties register.

The architectural masterpiece on Tripod St sold for $5.9 million, which was well above the previous high set by 20 Empire Ave last year.

MORE: Inside Karl Stefanovic’s waterfront mansion

Celebs flock to new hideaway to rival Byron

Three families to make $30m from airport site

It was also $700,000 above the reserve price set by Belle Property Strathfield’s Simon Furnari and Norman So.

Real Estate

There was an epic eight-car garage.

Mr So said the result was well above where interest had been among buyers in the run up to the auction.

“Feedback had been about $4.8 million to $5 million prior to the auction,” he said.

“We thought the home might be able to get to $5.3 million, but not $5.9 million.”

Featuring a spectacular swimming pool, designer kitchen, home cinema and bespoke touches, most of the buyers were drawn to the property’s eight-car basement garage, Mr So said.

Real Estate

One of the bedrooms had an integrated wardrobe.

Real Estate

Stylish finishes.

“There are not too many homes that have a basement garage and that absolutely was appealing to buyers right across Sydney,” he said.

Bidding for the auction opened at $5.05 million with five bidders taking part.

Also in the inner west, a three-bedroom house in Annandale has traded for $255,000 over reserve at $2.305 million to a buyer from the north shore.

Real Estate

A north shore buyer purchased 158 Young St, Annandale.

The renovated Victorian style terrace, set on a 157sqm block generated a lot of buzz and a massive crowd of bidders and onlookers.

Ray White Surry Hills director Matthew Carvalho said he had shown the home to 160 groups throughout the campaign and attracted 12 bidders to the auction.

“It was a fantastic auction; bidding started at $2 million and quickly sped past the reserve price, here is clearly a really strong appetite for good family homes like this one in the inner west,” he said.

Real Estate

There were 27 bidders keen for 4 Neville St, Oatley.

A family in the market for some time can now breathe a sigh of relief after purchasing a four-bedroom home in Oatley.

They had to fend off strong competition for 4 Neville St, with 26 other buyers turning out to register.

Bidding started at $1.2m and went up in increments of $50,000 until it slowed down at the $1.8 million mark. A few parties pushed the price to $1.916 million, where the hammer dropped $416,000 over reserve.

Ray White Georgies River’s Matt O’Shea said he had never seen auction like it before in Oatley.

“We’ve not had an auction with that many bidders turning out to compete in this suburb before,” he said.

Real Estate

The reserve price was smashed by $416,000 at 102 Eaton Rd, West Pennant Hills.

A neighbour has missed out by just $1000 on purchasing a West Pennant Hills next door to theirs at a pressure cooker auction.

Attracting a whopping 34 bidders, the Eaton Rd home sold for $442,000 over the reserve at $2.072 million to a young couple. Auctioneer Stu Benson said no one expected the home to sell for that much.

“It had all the ingredients to be a cracker, but to have a price above $2 million was beyond our wildest dream,” he said.

Listed with Jennifer Carr of Louis Carr Real Estate, the home had been popular with buyers looking to do a knock down, rebuild — something Mr Benson was fast becoming common in the suburb.

Real Estate

No. 4 Chelsea Rd, Castle Hill sold at auction.

Elsewhere, a prized Epping school catchment zone attracted 13 registered bidders to the auction of 157a Midson Rd.

The Agency’s Catherine Murphy said the four-bedroom home sold for $2.17m to a local family who had been looking for some time.

A Mirvac built home has become property in the highly sought after Chelsea Gardens Estate to sell for more than $2 million.

It sold to a local family who paid $2.02 million after going up against 15 bidders for 4 Chelsea Rd, Castle Hill. Auctioneer Michael Garofolo said the sellers and buyers were shocked by the price, which was above the guide of $1.6 million.

It was listed with Michael Roberts of Louis Carr Glenhaven.

The post Sydney auctions: Concord suburb record broken by $1m after luxury mansion sells for $5.9m appeared first on