The Australia housing market’s been in a bit of a bind, with many construction companies, including those that handle timber floors on Hills District and across Australia being forced to tighten their belts alongside the customers. One family in Western Sydney, however, managed to cash in on a purchase made 6 decades ago.
The home, located on 42 Murdoch St., Ermington, went under the hammer during a weekend early in April, managing to sell for $150,000 over reserve, for about $1.1 million. 14 registered bidders fought over the property following an extensive marketing campaign.
Professionals Ermington was in charge of handling the sale of the property, with Sales Agent Paul Tassone saying that there were six eager parties that were vying for the property. He says that the level of interest in the home, following and during the auction itself was big. He reports that the initial bid for the house sat at $870,000, before quickly jumping up to $1.1 million, which then won the property. Tassone notes that the bids hit the reserve rather fast, then shot past it by finishing $150,000 above it.
The old property dwells on a 640m2 lot, and had a lot of appeal and potential, attracting a lot of attention from potential buyers, with many people coming to the auction for the property.
In the home’s original condition, it had three bedrooms, an old kitchen, and sported a pink colour scheme in its interior paint. Under its old carpet, are a good example of good timber floors on Hills District and Sydney.
The buyers for the property was a young couple with plans to renovate the house, then rent it out for about a year, then consider if they would rebuild on the property.
Tassone says that the selling family felt a lot of emotions while the auction was running. He notes that they originally purchased the property for £3,000 61 years in the past, so the home held a lot of sentimental value for them. He says that there was a lot of tears during the auction, held earlier in the first Saturday of April.