Abode holds precious memories
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.