Young family drops $4.02 million on Gladesville house with granny flat at auction

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A Gladesville house with a granny flat sold for $4.02 million, breaking a street record at its auction on Saturday | TawarRazaghi

Nine buyers registered to bid on the property and the auction opened at $2.7 million, shy of the $2.8 million price guide.

The house, located in a highly sought-after pocket, backing onto the Western Sydney Parklands, sold for $3.315 million after the vendor adjusted their reserve from $3.5 million to $3.3 million. Atlas Lower North Shore’s Adrian Bridges said it was a strong result as it sold $310,000 above the price guide.

“We’ve all made a lot of money out of bricks and mortar in the past two years … A rational seller right now will realise if they sold in 2019 it would have been [worth] $200,000 or $300,000 less. Timing-wise, they’ve still picked the right time,” he said, adding that those who set high expectations will fall short.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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