Artist Hetti Perkins (left) sold her Stanmore home to two women from Newtown who never inspected the property in person until the day.
Two women from Newtown have paid $2.35m for a Stanmore home, after seeing it in person for the first time on the day of the auction.
The Clarendon Rd auction had plenty of drama, with all three registered bidders trading blows from the moment bidding opened at $2m.
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A lack of stock meant competition was strong, as the bidders tried their best to outplay each other for the five-bedroom home on 329sq m. This caused the sale price to end $155,000 above the reserve.
No. 87 Clarendon Road at Stanmore.
Ray White Surry Hills director Ercan Ersan said the result exceeded all expectations, but did not surprise him as the home with a detached studio and home office was popular.
“With everyone working from home, buyers want a dedicated office space, not the dining table or bedroom,” he said.
“Anything that fits this description is receiving a lot of interest from buyers at the moment.”
Mr Ersan said the way people are looking at property is also changing, with the buyer only seeing the house in person on the day after doing virtual inspections instead.
“The days of someone going to multiple open homes are over, with buyers now happy to look at the pictures and watch a video instead,” he said.
The vendor of the Clarendon Rd home was Hetti Perkins, an art curator, who is also the daughter of Aboriginal activist Charles Perkins.
A neighbour paid $420,000 over reserve for 18 Carey St at Randwick on Saturday.
Reserves also tumbled in Randwick, with a family who lived only two streets away from a Carey St house paid $420,000 over reserve for a four-bedroom home.
The Randwick home was being offered for the first time in 48 years and had 14 bidders register on Saturday afternoon.
It sold for $3.27m to the young family who now plans to renovate the home at a later stage.
McGrath – Coogee agent Mark McPherson, who sold the home with Amanda Rekes, said competition was hot, with several parties remaining in contention until the end.
“A freestanding home on a level block is about as blue chip as you can get in any beachside suburb,” he said.
“They’re not making any more properties like this, so all bidders were eager to secure it, knowing an opportunity like this might not happen again.”
The backyard of 18 Carey St.
No. 12 Lancelot St was one of the few homes like it for sale in Concord.
An opportunity to acquire a blank canvas on one of Concord’s most desirable streets saw five bidders have a crack at 12 Lancelot St.
Bidding opened at $2.2m before selling for $150,000 above the guide at $2.75m, which was also bang on the reserve.
The auction was not without drama, with Raine & Horne – Concord agent Ross Musso forced to negotiate during proceedings with the final two parties for the last $25,000 worth of bids, after bidding stalled at $2.725m.
Mr Musso said the majority of buyers, including the purchaser, were families wanting to build their dream home, as well as developers.
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