Investor pays $85,000 over reserve for run-down Terrigal home
Investor pays ,000 over reserve for run-down Terrigal home
Investor pays $85,000 over reserve for run-down Terrigal home
Sydney
02/04/2017, 5:00 am
02/04/2017, 5:00 am
Jill Stevens is a real estate reporter for the Daily Telegraph.
84 Willoughby Rd, Terrigal
A TERRIGAL home sold for $735,000 at auction on Saturday, easily surpassing its $650,000 reserve.
Eight registered bidders and plenty of eager locals attended the auction of 84 Willoughby Rd, creating a crowd of more than 50 people.
Agent Alyssa Gorry of Raine and Horne Terrigal said the bidders included a mix of locals and Sydneysiders.
“It was nice that it went to a local family,” Ms Gorry said, adding that the home’s new owners plan to use it as an investment property.
84 Willoughby Rd, Terrigal
84 Willoughby Rd, Terrigal
The home has two bedrooms, one bathroom and parking for a one car, and sits on a large 696sq m block.
It offered good value for Terrigal, where the median house price is $820,000 and the median unit price is $693,750.
The seller will stay in Terrigal, but is downsizing to a smaller property.
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Source: real estate news and property market realestate.com.au