PHOTO: Agent Michael Xanthoudakis at a Newtown home that sold for nearly $2.4 million. Picture: David Swift. Source: News Limited
It’s often been investors or developers blowing all rivals for homes out the water, but at an inner west auction today it was a pair of first-time buyers who were surprise victors with a bumper price.
It offered builders a salivating 350sqm of prime land in the heart of Newtown but the auction of a three-bedroom house returned a surprise outcome when it sold to first home buyers for $2.39 million.
The pair beat out 10 other registered bidders for the three-bedroom brick house on Wilson St, about 250m from Newtown train station, paying a whopping $590,000 above the reserve price.
It was an auction that was always expected to be competitive given the size of the block, which selling agent Michael Xanthoudakis of Richardson and Wrench-Newtown said was unprecedented for the area.
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