Knockdown nets $2m in fierce war
A CAMPSIE home sold $515,000 above reserve in a competitive auction with 15 registered bidders.
The decaying cottage — with some character details such as intact high, ornate ceilings — was owned by the same family for 100 years. It sold for $1,915,000. Agent Francois Vassiliades of LJ Hooker Campsie said it looked as though the last two bidders for the three-bedroom home on a 510sq m block at 25 Browning St could have kept going beyond $2 million.
“It’s crazy, but it was in the most sought-after street in Campsie,” he said. “I thought it would sell for $1.5 million but there was a lot of competition.”
Despite it being zoned for apartment development, he said the new owners — a Campsie family — were going to renovate and move in.
“But it is a knockdown,” he added.
25 Browning St, Campsie was sold for the first time in 100 years.