“The property has charm, and although the kitchen and bathroom need renovating, the auction result was really solid,” he said.
Randwick’s median unit price rose 5.9 per cent to $1.16 million in the year to September on Domain data.
In Turramurra, a bowling green sold under the hammer for $2.7 million, bang-on the guide and its reserve.
All three registered bidders raised their paddles for the vacant block of land at 12 Apps Avenue. The price rose in $10,000 and $5000 bids after opening at $2.5 million.
The successful buyer, who outbid other locals, is from the upper north shore. The Marshall Group Real Estate’s Craig Marshall said the buyer intends to build a house on the land but may sell it in future.
Marshall said, while there was a lot of interest in the property, the fact it was half a bowling green confused some buyers.
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“It’s unique, but for some it was too difficult to think about the possibilities,” he said.
Marshall said bowling clubs are doing it tough, with patrons cancelling their memberships.
“Club Turramurra has become a good social club, so they’re going to put the money into upgrades for more of a family-friendly club,” he said. “In general, the market has been slow for spring, but properties are still selling, as long as the owners meet the market.”