{"id":30785,"date":"2021-02-14T09:32:01","date_gmt":"2021-02-13T20:32:01","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30785"},"modified":"2021-02-14T09:32:01","modified_gmt":"2021-02-13T20:32:01","slug":"wrecked-home-sells-for-900k-over-reserve","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/wrecked-home-sells-for-900k-over-reserve\/","title":{"rendered":"Wrecked home sells for $900k over reserve"},"content":{"rendered":"<p><strong>PHOTO: Auctioneer Andrew Robinson at the sale of a rundown Crows Nest home. Picture: David Swift <span class=\"image-source\"><em>Source: News Limited<\/em><\/span><\/strong><\/p>\n<p>It required nearly $1m in work but a rundown house defied expectation at a rainy auction with a price $900k above the vendor\u2019s reserve and $2.87m above what she paid for it.<\/p>\n<p class=\"description\">A crumbling, uninhabitable house on the north shore requiring about $1 million in work to bring it up to the standard of neighbouring homes has sold under the hammer for $3 million.<\/p>\n<div class=\"story-content\">\n<p>The price for the two-bedroom home on\u00a0<a href=\"https:\/\/www.realestate.com.au\/property-house-nsw-crows+nest-135235534?rsf=syn:news:nca:news:spa\" target=\"_blank\" rel=\"noopener noreferrer\">Emmett St\u00a0<\/a>in Crows Nest was $900,000 over an already ambitious reserve price of $2.1 million.<\/p>\n<p>A crowd of about 150 people huddled under umbrellas in the heavy rain to watch the bidding unfold, including 25 registered bidders.<\/p>\n<p>Selling agent Chris Davies of Belle Property-Neutral Bay said the home had attracted considerable interest in the lead up to the sale.<\/p>\n<p>\u201cIt caught the imagination of people who wanted a project,\u201d Mr Davies said.<\/p>\n<div class=\"w650 h487 image media\">\n<div class=\"image-wrapper\"><img fetchpriority=\"high\" decoding=\"async\" class=\" image-loaded\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/3b63ab676a72a75e89ba6a1a68f0ef8f?width=650\" alt=\"18 Emmett St, Crows Nest defied price expectations.\" width=\"650\" height=\"487\" data-src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/3b63ab676a72a75e89ba6a1a68f0ef8f?width=650\" \/><\/div>\n<p class=\"caption\"><em><strong>18 Emmett St, Crows Nest defied price expectations. <span class=\"image-source\">Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":30786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478114692,478114687,478098971,478109926,478098730,478098512,478098521,478099177,478114694,478114693,478101369,478114690,478114689,478114691,478114688,478098519,478098535,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098921,478098509],"class_list":["entry","author-data123nz","post-30785","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-18-emmett-st","tag-andrew-robinson","tag-auctioneer","tag-auctioneer-andrew-robinson","tag-auctions","tag-australia","tag-australians","tag-belle-property","tag-belle-property-neutral-bay","tag-chris-davies","tag-crows-nest","tag-crows-nest-auction","tag-crows-nest-home","tag-crows-nest-property","tag-crows-nest-real-estate","tag-home-ownership","tag-house-prices","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-franchise","tag-real-estate-news"],"yoast_head":"<!-- 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