As house hunters continue to be priced out of the Sydney market despite a dip in property values, there are pockets of the city still offering bang for the buck.
A young family looking to buy on a budget has managed to snap up a two-storey home for $640,000 in the south west suburb of Fairfield Heights.
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They bought the Torrens title triplex at 13A Ligar St, which proved popular with several first home buyers and investors due to its low price point.
“We had about 30 inspections before it sold and there was plenty of interest, particularly from young buyers because it fell within the range that qualified them for the first home buyers grant,” agent David Perco from Ray White Wetherill Park and Cecil Hills said.
“It was a really nice home only 500m from shops and schools so it was popular.”
The new owners, who ended up being one of the first home buyer groups to walk through it, placed the winning price offer in the first week of January.
The sale has now cooled off and the buyers are looking to move straight into the three-bedder.
“They are a young couple with a small child and another baby on the way — they had been renting a unit in Fairfield and wanted to upgrade,” the agent said. “They loved the backyard as well as the size of the bedrooms.”
At the front of the lower level is a living room which leads to an open-plan kitchen and dining area.
This connects to a covered outdoor space where there are steps leading to a flat lawn.
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A timber staircase links the lower level with upstairs, which holds the bedrooms and main bathroom.
The main bedroom comes with a walk-in wardrobe, ensuite with a bath, and a private balcony.
CoreLogic data shows the home fetched less than the suburb’s median house price of $792,500.