A grand seven-bedroom estate on South St in Strathfield has sold under the hammer for more than $300,000 above expectations in a thrilling auction.
Selling for $4.9 million, the result was just one of many sales Strathfield saw in yet another strong weekend for the suburb and the inner west.
The sale of 28 South St was not only the highest recorded sale in the inner west on the weekend, but it was the best auction result across Sydney, according to CoreLogic data.
In a cracking auction, there were two serious bidders who had a strong battle to secure the keys to the home.
Devine Real Estate principal Steven Devine, who sold the property with colleague Greg Emerton, said it was a very sought after home, with local buyers making up most of the inquires.
“The land size, location and the amount of accommodation on offer were the big drawcards for buyers over the campaign,” he said. The successful buyer on the day was from Sydney’s west and had been aspiring to move into Strathfield for the local schools.
Situated on 1284sqm of level land, the double brick home had a tri-level layout and offered buyers features such as a Caesarstone kitchen, swimming pool, parklike gardens, teen retreat and a wine cellar.
Around the corner, 22 Elwin St in Strathfield sold $460,000 above reserve at $3.26 million.
In total, there were eight registered bidders who were all attracted to the new home that featured plenty of smart technology and had 112 groups through inspections over the campaign.
Bidding started at $2.1 million and the offers came in so fast that many buyers didn’t have a chance to make an offer on the day.
Belle Property Strathfield’s Norman So said the buyer from Parramatta showed no hesitation in the bidding process after making $25,000 bids whenever someone bid against him.
“The purchaser just kept bidding until the underbidders were knocked out,” he said.
It was a steady weekend of results for the inner west, with the area recording a 77 per cent clearance rate, with 38 out of 49 properties selling prior to auction or on the day.