Room for improvement – 6 Bingara Rd, Beecroft.
A family dug deep to buy a storm-damaged house in Sydney on Saturday, unperturbed by the smashed up garage and the tarpaulin covering the roof.
More than 30 people turned out to the auction at 6 Bingara Rd, with six buyers registering to bid on the three-bedroom house on 935sqm.
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There was plenty of interest in the property, despite the fact it is in need of major repairs for the storm damage.
Repair costs were estimated between $50,000 and $100,000.
Betty Ockerlander, of McGrath Epping took 78 groups through the home in the lead-up to the auction and issued 30 contracts.
Bidding opened at $1.3 million, just a touch below the reserve of $1.35 million. Three of the bidders took part, trading 22 bids before the hammer fell on the final sale price of $1,492,500.
A local family plan to repair the house, extend it and them move in, Ms Ockerlander said.
The home’s location had broad appeal for families. The corner block is in the sought-after Cheltenham Girls’ and Carlingford High school catchments.
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