{"id":31450,"date":"2021-03-29T15:41:38","date_gmt":"2021-03-29T02:41:38","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31450"},"modified":"2021-03-29T15:41:38","modified_gmt":"2021-03-29T02:41:38","slug":"home-sells-1-4m-above-reserve-on-auction-super-saturday","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/home-sells-1-4m-above-reserve-on-auction-super-saturday\/","title":{"rendered":"Home sells $1.4m above reserve on auction Super Saturday"},"content":{"rendered":"

PHOTO: 75 Llewellyn Street, Rhodes, sold under the hammer for $1.4 million above the reserve.\u00a0Photo:\u00a0Horwood Nolan<\/span><\/strong><\/p>\n

A Sydney<\/a> inner-west home in need of a major renovation or a rebuild sold under the hammer for\u00a0 $6.9 million, an eye-watering $1.4 million above reserve.<\/p>\n

It was the first time the three-bedroom home at\u00a075 Llewellyn Street, Rhodes,<\/a> had hit the market in more than 50 years, with the buyer planning to move in with the family.<\/p>\n

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75 Llewellyn Street, Rhodes NSW 2138<\/span><\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n

A group of 16 registered bidders, including families and developers, competed for the property during a weekend dubbed Super Saturday because more than 1000 auctions were held.<\/p>\n

Sydney\u2019s preliminary clearance rate soared to 88.3 per cent after 1227 auctions were scheduled and 865 results were reported.<\/p>\n

It was the fourth weekend in a row in which the clearance rate reached such heights, as buyers continued to rush to the market.<\/p>\n

Horwood Nolan principal agent\u00a0Ben Horwood\u00a0said the sale price of the Rhodes property was completely unexpected.<\/p>\n

\u201cIt sold for a lot more than we anticipated,\u201d Mr Horwood told\u00a0Domain<\/em>. \u201cThe last house to sell in the area was on a bigger block of land and it had a much nicer house and it sold for $5.4 million, so we were expecting to see in the mid-$5 millions.\u201d<\/p>\n

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Inside 75 Llewellyn Street, Rhodes. Photo: Horwood Nolan<\/strong><\/em><\/figcaption><\/figure>\n

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