Posted: 2024-04-27 03:48:24

“Most of the parties in attendance were inner west upsizers.”

The vendors bought the home in 2018 for $992,000, records show, and did a renovation.

Elsewhere, on the northern beaches, a young couple looking for a fixer upper paid $2,075,000 for an original home in Bilgola Plateau with water views.

The three-bedroom deceased estate at 16 Hansford Parade was listed with a price guide of $2.1 million.

Three parties registered but the auction was slow to start, kicking off at $1.75 million and rising at first in increments of $100,000, then eventually down to $5000 offers.

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A young couple beat a mature couple and a young gentleman for the keys. The reserve was $2 million.

Selling agent Steven Crooks of The Agency Northern Beaches said fixer uppers are harder to move but this home had the advantage of its views over Pittwater.

“If it didn’t have a view it would have sold for under $2 million,” he said. “Probably a lot less than $2 million.”

The street is tightly held because of its outlook, he said.

He said the market in his area is tracking okay and is reasonably good for lower priced properties but above the $4 million mark, buyer interest is thinner, and the market can be more property-specific.

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