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Pamela said she was delighted to sell it to a young couple who would transform it into a family home.
“I’m so happy with the end result and I’m so happy with the people who bought it… It’s like passing it on to the next generation,” she said.
The successful buyers of the house were Manu, 42, and Christine, 33, and they were ecstatic when they got the keys.
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“I hadn’t slept for a few nights,” Manu said. “This place is beautiful. It’s close to the beach.”
Christine said she had never considered the northern beaches until a month ago.
“We live in southern Sydney. We only looked at the house three weeks ago and hadn’t considered the northern beaches yet,” Christine said. “My husband wanted me to look at the northern beaches and he said ‘come and look at the house’ and then I fell in love with the area.”
A five-bedroom house in Concord 13 Alton Avenue Sold for $3.9m to a family upgrading from a neighbouring suburb.
The 620-square-metre block, which could be used to rebuild a duplex, had a price guide of $3.5 million and had four registered bidders, all of whom except one, a builder-developer, were families looking to upgrade.
Bidding opened at $3.4 million and moved up the ladder as everyone vie for ownership of the property. The reserve price was $3.8 million.
Ben Horwood of Horwood Nolan said while there were a lot of buyers, some were on a stricter budget in the current climate.
“Some people set tight limits. This wasn’t an auction that dragged on for a long time … (those who set limits) quickly gave up on it.”
In Eastlakes, six buyers, including downsizers, upgraders and investors, registered to bid. 18 Robinson Street.
The three-bedroom house has a price guide of $2.3 million to $2.5 million and offers good value compared with surrounding suburbs of Kingsford, Kensington and Bondi.
The auction started at $2.4 million, and four buyers raised the price to $50,000, with most bids at $25,000.
The home sold for $2,685,000 to a downsizer from Vaucluse, who was outbid by the investor who wanted to buy the home for his children as a way into the property market. The reserve was $2.65 million.
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Ersin Esmek of McGrath Maroubra said it was an outstanding result because it was a turnkey project.
“It shows that renovated homes are selling much better than original homes,” Esmaker said. “A lot of people don’t have the time to renovate and want to move right in.”
He said that not only is the location excellent, but the price is also cheap.
“Our area is still affordable for a lot of families. This house would be $3 million in surrounding suburbs. (Buyers from those areas) see Eastlakes as better value.”
Records show the home last sold in 2014 for $1,187,000.
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