A freshly completed, two-storey house in Gordon sold at auction on Saturday for $10.88 million, $1.88 million more than its $9 million reserve.
Twenty-eight buyers registered to bid on the luxurious, five-bedroom home located at 15a Lennox Street , which was guided at $7 million. Five bid on the house, which has high, raked ceilings, marble throughout, a sauna under a cabana by the pool, a Tesla charger and a giant chess set in the backyard. Bidding opened at $7.
5 million and reached $7.9 million in two bids. From there, the price jumped to $9 million before the auction concluded $1.
88 million later. Coco Cui Roskam from Ray White Upper North Shore said the auction drew a strong crowd of 150. “A brand-new house at the moment is quite hard to sell in the upper north shore, but this one did a very good job because of the quality,” Cui Roskam said.
The luxurious home had a price guide of $7 million and a reserve of $9 million. Credit: Ray White The buyers are retirees downsizing from a bigger property in Killara. The vendors are the developers and were very happy with the result, Cui Roskam said.
The address last traded for $3.93 million in 2023, records show. The property was one of 809 scheduled auctions in Sydney at the weekend.
By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 66.3 per cent from 498 reported results, while 123 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
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