A luxurious three-storey, five-bedroom home in Strathfield with space lerge enough for ten cars was fought over by doctors and lawyers on Saturday, and sold under the hammer for $7.1 million. Four bid on the property, which was guided at $6.
5 million. It had extensive marble throughout and was located at 27 Oxford Road . All buyers were families, drawn to the area for the schools.
Bidding opened at $6.2 million and quickly rose to $6.8 million, with a combination of $100,000 and $50,000 bids.
Buyers began using smaller bids until a medical professional relocating from Queensland bought the house. The home sold for $100,000 more than its $7 million dollar reserve. McGrath’s Jessy Antaky said the market buyers would still bid for the right property.
“A lot of people, especially car collectors, loved the fact that you get the freedom to have ten cars that fit in that basement,” he said. The home’s high-spec construction was popular. Credit: McGrath “A big wow factor is how it opened up to the pool,” Antakay added.
The address last traded for $1,550,000 in 2010, records show. The property was one of 596 scheduled auctions in Sydney at the weekend. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 66.
1 per cent from 384 reported results, while 81 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate. A decayed terrace which sat vacant for forty years in Erskineville was fiercely.