The upper north shore property market wrapped up the weekend on a high, finishing with a healthy auction clearance rate of 81 per cent.
It was a vast improvement on the previous weekend’s 59 per cent clearance rate, and points to growing confidence in the market as spring fast approaches.
Leading the auction results this week was a rare 2200sqm property at Roseville, that came with its own model train room.
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Geoff Dean and Jake Smartt, of Belle Property Lindfield, took the deceased estate at 28 Archbold Rd to auction on Saturday, setting the reserve at the upper end of the $2.8 million to $3 million guide.
Three of the eight registered bidders fought hard for the property, which includes an early 1900s bungalow and tennis court.
Mr Dean said this was one of the largest house blocks he had seen in the area, and had been held by the same family since 1957.
“You just don’t get land holdings that big coming up for sale, especially in Roseville,” Mr Dean said.
The auction came down to two bidders, with one making the final run on a bold bid, which was enough to bring the hammer down on a whopping sale price of $3.3 million.
“The last bid was $100,000 (more), which blew the underbidder out of the water,” Mr Dean said.
“It was a very special property and a great auction.”
The new owners opted to buy the home with the model train room, which took the late former owner some 12 years to build. It captured plenty of attention during open homes.
“Everybody was just in awe of it,” he said.
Mr Dean said the man’s sons were happy to see their father’s home go to a family who loved the style of the home and planned to bring it back to its former glory.
They are also working on having the train room working again so they can play with the trains.
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