The cooling real estate downturn is giving first home buyers and young families the chance to get their foot in the property door on the northern beaches.
A softening in prices has seen a handful of houses come to market with price guides of less than $1 million.
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And one of them — a four-bedroom house on a level 517sqm block, goes under the hammer this weekend, with a guide of $950,000.
The home, at 110 Waratah Pde, Narraweena, has been seen by more than 130 people in the two weeks since its marketing campaign started.
Tulo Sila, of Upstate, said 24 contracts have been issued on the property. Interest had been so strong the auction had been brought forward a week.
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He said taking the property to auction was the best way to maximise the price for the vendor, and would let the market decide what it was worth.
“I’m going to be very interested, I can’t wait to see what it brings on the day,” he said.
The well-maintained single-level home has been held by the same family for more than 60 years, and has an open-plan living layout with defined dining area, carport and internal laundry.
The home has an all-weather deck, level lawn and valley and district views.
It is located within walking distance of schools, village shops and city buses, and Westfield Warringah Mall is a short drive away.
The auction is scheduled to start at 10am on Saturday, March 2, with viewing from 9.30am. Mr Sila has more information.