A deceased estate on a prime 1226sqm Roseville block is set to be one of the hotter auctions on the north shore this weekend.
The $2.5 million auction guide for 9 Park Ave is $1.5 million cheaper than the most recent sale on the street — a 1220sqm home at 1 Park Ave, that sold for $4.04 million in September.
Raine and Horne HM Group director Hugh Macfarlan said the rundown home was a unique opportunity for buyers.
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“You’ll have a hard time finding a property on a block this size on the north shore that is all original and hasn’t been renovated,” he said.
After having close to 100 groups inspect the property over the campaign, Mr Macfarlan is expecting a good result come Saturday.
“There has been good interest in this property from families who are wanting to knock it down and build their dream home,” he said.
Mr Macfarlan said all the buyers he has spoken to plan to do just that if they secure the home on Saturday.
The property offers a rare combination of a large level block, no conservation restrictions, and multiple options for the buyers.
The dilapidated brick home is vastly rundown on the inside, with holes in the roof and walls that need to be painted or repaired.
The property also has a tennis court, and like the house, it needs work too, with the grass overgrown and the fencing rusted.
“I think it is safe to say the tennis court has seen better days and most buyers will probably build a big house with swimming pool and not require a court,” Mr Macfarlan said.
The Park Ave property will have an on-site auction on Saturday at 3pm.
It is one of nearly 60 properties set to go under the hammer on the north shore, on what is the largest auction weekend so far this year.
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