A 1950s Collaroy house ripe for renovation has sold for $2.33 million to a young couple who considered the area for the first time a month ago. The three-bedroom home at 30 Park Street was on the market for the first time since 1992 when it last sold for $260,000, records show.
It had no price guide throughout the campaign because there were such few comparable sales, according to listing agent and auctioneer Brian Fairweather of Ray White Narrabeen. The 697-square-metre block had no trouble drawing six registered bidders, including first-timers and upgraders across Sydney, on Saturday. Bidding started at $1.
8 million and went up in $50,000 increments for most of the auction as half took part in the sell-off. It sold for $2.33 million to a local couple upgrading from south Sydney.
The reserve was $2.2 million. The happy buyers Manu and Kristen with vendor Pamela Sayers and agent and auctioner, Brian Fairweather at the Collaroy auction.
Credit: Peter Rae Happy seller Pamela Sayers said she bought the home in the 90s with the intention of renovating it but relocated to Canberra soon after and rented it to her sister instead. Pamela said she was thrilled to sell it to a young couple to turn it into a family home. “I’m happy with the result and I’m happy with the people who have bought it.
..it’s sort of handing it onto another generation,” she said.
The successful buyers Manu, 42, and Kristen, 33, were over the moon to walk away with the keys. “It has been a few sleep.