A Clayfield woman purchased an apartment for $910,000, just hours after discovering it was available, amidst a highly competitive auction that attracted twelve registered bidders.
The auction took place on Saturday, 7 September, at 1/42 Roseby Avenue, where the three-bedroom, two-bathroom unit was being offered for the first time in four decades. With a starting bid of $800,000, interest was high among the bidders.
Ashley Robinson from Ray White Metro North noted that 10 active participants pushed the price well above the $860,000 reserve by making incremental increases initially of $10,000 and later $5,000.
The property eventually sold for $910,000, $50,000 more than the reserve price. The sellers were satisfied with the outcome, expressing a mix of joy for the new owner and sadness at parting with their family home.
The decisive buyer was unaware of the auction until the morning of the event.
“The lady was enjoying her morning coffee when she stumbled upon the listing online and decided on the spot that she had to act,” said Mr Robinson. She swiftly arranged for her husband to inspect the property while she registered to bid, ultimately securing the apartment.
The new owner has expressed intentions to retain the apartment for personal or family use, though future plans remain undecided.
The auction also drew attention from the original Italian developer of the building, who was curious to see how his constructions had fared over the years. Mr. Robinson shared, “He was pleased to see the enduring quality of the apartments.”
Unit 1 at 42 Roseby Avenue spans 1,758 square meters and includes two parking spaces. Recent statistics indicate that median property prices in Clayfield have reached $2,084,068 for houses and $580,000 for units, marking the apartment’s sale as a significant investment in the current market.
Published 10-Sept-2024
