A semi-detached house with panoramic ocean views that stretch across Bronte sold for $13 million, some $2.5 million above its reserve. Seven buyers registered on the north-facing three-storey property at 154 Macpherson Street , which had a $9 million price guide.
Five bid on the five-bedroom home connected by a common wall to its neighbour. All were families with older children wanting a lifestyle change. Bidding opened at $10 million in the main living room with $100,000 bids fast soaring above its $10.
5 million reserve and then all the way to $13 million, where it sold under the hammer to an inner west buyer. Alexander Phillips from PPD Real Estate said it was a record price for a semi-detached house in Bronte. Loading “It is one of the most highly-sought-after positions in Bronte.
There’s only been one sale on that strip in 20 years,” Phillips said, noting its north aspect, size and unbeatable views a standout for buyers. Phillips said the property felt more like a freestanding house because it was a double-width semi. The value of the deceased estate increased by more than 33 times since it last sold for $375,000 in 1993, records show.
The property was one of 859 scheduled auctions in Sydney at the weekend. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 67.8 per cent from 518 reported results, while 109 auctions were withdrawn.
Withdrawn auctions are counted as unsold properties when calculating the clearance rate. In St Leonards,.