Abode holds pre­cious mem­o­ries

The Sunday Telegraph (Sydney) - - REALESTATE -

A DE­CEASED es­tate in Syd­ney’s west has been snapped up by a firsthome­buyer for $716,000.

The original house on a 408 sqm block at 55 Far­nell St, Mer­ry­lands, was sold at auc­tion on Satur­day by broth­ers Ron and Barry Lowe, on be­half of their late fa­ther.

Ron Lowe said they were pleased with the sale price of the prop­erty, where mem­o­ries had been cre­ated for more than 30 years.

“It was a real fam­ily home for us and we had lots of bar­be­cues there,” Mr Lowe said.

The three-bed­der, which has a gas kitchen, bath­room and a cen­tral liv­ing area, was in­spected by 17 groups.

It sold through Starr Part­ners Mer­ry­lands agents Matt Car­pen­ter and Michael Sandow.

Mr Car­pen­ter said bid­ding opened at $650,000 and quickly met the re­serve price.

“It was com­pet­i­tive bid­ding right up to $711,000 and from there it got quite heated be­tween two lo­cal buy­ers,” he said, adding the new owner, from Auburn, planned to ren­o­vate the old home and live in it.

The buyer se­cured the prop­erty for well be­low the sub­urb’s me­dian house price of $898,500, ac­cord­ing to the lat­est CoreLogic fig­ures.

Di­rec­tor of Ax­ford Auc­tions, Leon Ax­ford, said peo­ple were drawn to Mer­ry­lands for its mix of prop­er­ties.

“Homes with op­tions to ren­o­vate or knock down are do­ing re­ally well,” he said.

55 Far­nell St, Mer­ry­lands has sold at auc­tion for $716,000. The original kitchen.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.