Willoughby apartment sells for $65k above reserve

Willoughby apartment sells for $65k above reserve

The Willoughby market has got off to a good start after a three-bedroom apartment sold for $1.165 million in a fierce auction.

A strong crowd gathered on Saturday to watch three registered bidders tussle for 66/2 Artarmon Rd, with bidding opening at $1 million.

Subsequent offers came in thick and fast before a delighted young family upsizing placed the winning bid — $65,000 above the $1.1 million reserve.

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McConnell Bourn’s Steve Cakmak said the property was not only popular with young families but also downsizers because of its large 121sqm internal footprint.

“Buyers really loved that the apartment had a full renovation where they could move in and not have to do anything,” he said.

Mr Cakmak said it is pleasing to see more younger buyers active in the current market.

“They were one of many groups who felt sidelined during the boom, but now they’re feeling confident and they’re taking advantage of current opportunities,” he said.

Located inside Mirvac’s Castle Vale complex, the ground floor apartment has an open plan layout with a combined living, dining and kitchen space. The property also has a large rear terrace and a separate courtyard off the main bedroom.

The Willoughby apartment comes with two parking spaces, two bathrooms and an internal laundry.

It is close to Chatswood and Northbridge shopping centres, and is in the popular Willoughby Public School, Willoughby Girls High and Chatswood High School catchments.

Mr Cakmak said it is pleasing to see strong inspection numbers across the board at the moment.

“It’s a real positive to start to the year. For the right property there are still plenty of buyers out in the market who are keen to buy,” he said.

The Artarmon Rd apartment was one of nearly 10 auctions scheduled across the north shore to take place in the first main auction weekend of the year.


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