PHOTO: Auctioneer Damien Cooley. YouTube
It was all smiles for the seller of a weatherboard home on a popular inner west street after he got an unexpectedly large sum at auction on Sydney’s first “super Saturday” of the spring.
An inner west home seller was left pumping his fist in excitement after a runaway auction delivered him a price more than 10 times above what he paid for his house.
Graham Marchant and his family moved into the four-bedroom house on Lawson St in Balmain back in 1992, paying $222,000, property records showed.
The property resold on Saturday at a packed out auction for $2.525 million, more than $300,000 above the price guide and $220,000 above the reserve.
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