Auctioneer Andrew Cooley at the sale of 42 Bulls Rd, Burraneer, which sold at a record auction price for the Shire.
A Burraneer home with a private sandy beach, jetty and cordoned off ocean swimming area set a new auction price record for the Sutherland Shire.
The four-bedroom house on Bulls Rd sold under the hammer for $7.1m on Saturday – $1.85m above the $5.25m reserve.
Ten buyers registered to bid with selling agents Norman Honer and Adrian Dodd of Honer Dodd Realty and more than 30 bids were placed.
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The price was a new record for a single dwelling property in the Shire and auctioneer Andrew Cooley said it was well deserved.
“It was a cracker auction,” he said. “These types of properties are rare and there was a lot of interest.”
The home has a private sandy beach and swim area.
The home was in original but good condition.
The price was largely due to the north aspect, water views, 1382 sqm block and the potential to add value, Mr Cooley said.
“The registered bidders were a mix of knockdown rebuilders and renovators,” he said. “It was in original, but good condition so you could live in it while you planned the reno.” It was the first time the property traded in 50 years.
The property has views across Gunnamatta Bay. The agents described it as “resort-style living” – there is a swimming pool, boat shed and multiple recreation “zones”.
The property has one of the best aspects on the Port Hacking waterway.
There were 10 registered bidders.
“Perfect for executive families, the home is securely set behind automated gates and includes a separate detached dwelling with parking that can be used as an office, home practice or fifth bedroom” the listing said.
Mr Cooley added the private sandy beach was one of a kind. “It’s so rare to get that … I’ve never seen a swimming area like that.”
The home was one of about 680 auctions held across Sydney this week.
The number of Sydney auctions has been trending higher over the past three months and auction volumes have been consistently above last year’s level since the last week of June, research group CoreLogic noted.
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