Sydney auctions: big block helps Roseville house sell for $5.2m

This property on Marjorie St in Roseville sold for $5.2m.

A dated but well-preserved house in Roseville sold at a crowded auction Saturday for $5.2 million, $850,0000 over an already ambitious reserve.

The home on Marjorie St went to market with a $4 million guide and the reserve was $4.35 million. A crowd of about 100 people were seen at the auction and 16 bidders registered with Stone Real Estate agent Jill Henry.

Auctioneer Chris Scerri, director of Scerri Auctions, said the bidders threw everything they could at the auction. “The bids were all over the place. There was a lot of bidding and a super strong result,” he said.

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Modest red brick house sells for $3.3m

Most of the interested parties were developers who wanted to knock the house down and replace it with a modern build.

Ms Henry told the Sunday Telegraph the day prior to the auction that the home was in good nick but a lot smaller than the newer, neighbouring homes. “The 910sqm block was undercapitalised. It can have a much bigger house,” she said.

Darlington auction

Auctioneer Chris Scerri received an opening bid of $4.1m.

There was a big crowd spread across the block.

The auction was one of more than 1200 held this week across Sydney – the second highest weekly volume of auctions so far this year.

Agents reported many of the sellers taking their homes to market had been deliberating on whether to list for months but were finally taking the plunge due to the strong market.

This included multiple families in Sydney’s south who had owned their homes for decades before going to auction this weekend.

A three-bedroom house on Caringbah Rd in Woolooware went to market for the first time in nearly 60 years and sold for $2.15 million. The price was $250,000 above reserve and $450,000 higher than the opening bid.

25 Caringbah Rd, Woolooware sold for $250,000 over reserve.

Eight bidders registered for the auction with Gibson Partners selling agents Ivan Lampret and Karla Madgwick.

The majority of the registered parties for the red brick house on a 556sqm block wanted to live in the home.

Professional builders and developers, who have been the dominant buyers at many ­Sutherland Shire auctions in recent weeks, did not compete at the auction, auctioneer ­Andrew Cooley revealed.

The Avenue Auctions dir­ector said there was a lot of ­interest in the Caringbah Rd home because there was scope to improve it. “You could renovate it or knock it down later and add a lot of value,” Mr Cooley said.

Auctioneer Andrew Cooley calls bids on the Caringbah Rd home in Woolooware.

The buyer was ­reported to have been outbid at five other auctions. “They were really keen to hurry up and buy something and they pushed themselves a little further,” Mr Cooley said.

In Caringbah, a three-bedroom fibro house on Woodfield Blvd sold under the hammer for $1.499 million. The price was $119,000 above the vendor’s reserve. The sellers had owned the home for 25 years.

Six buyer parties registered to bid with selling agent Peter Leckie of Abode Property Agents. The Caringbah house was the first home built on the street and was marketed as a knockdown-rebuild project or potential duplex site.

In Sydney’s east, two dozen bidders registered for the auction of an apartment on Quail St in Coogee with McGrath agents Mark McPherson and Emily Tayyara. The price was $1.861 million – $311,000 over reserve.

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