Toby Johnstone 25th September 2014
The fifth terrace to be offloaded by the state government at Millers Point sold for $2.27 million on Thursday night.
Those who inspected the property had been told that buyer interest was between $1.5 million and $1.6 million.
The heritage-listed three-bedroom terrace at 86 Windmill Street had a functional kitchen and backed on to a park known locally as 'The Paddock'.
Other Millers Point properties that sold recently were considerably larger or had sweeping harbour views.
Even so, that didn't deter the crowd of about 70 who were squeezed into the auction room at Di Jones head office in Woollahra. Entry was limited to pre-registered bidders who were required to bring photo identification on the night.
Bidding started at $1 million but a series of $100,000 bids quickly took the price above $1.5 million.
RESOURCED: http://m.smh.com.au/domain/real-estate-news/fifth-millers-point-terrace-fetches-227-million-20140925-10lzo1.html
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| A terrace at 86 Windmill Street, Millers Point sold for $2.27 million on Thursday night. |
The fifth terrace to be offloaded by the state government at Millers Point sold for $2.27 million on Thursday night.
Those who inspected the property had been told that buyer interest was between $1.5 million and $1.6 million.
The heritage-listed three-bedroom terrace at 86 Windmill Street had a functional kitchen and backed on to a park known locally as 'The Paddock'.
Other Millers Point properties that sold recently were considerably larger or had sweeping harbour views.
Even so, that didn't deter the crowd of about 70 who were squeezed into the auction room at Di Jones head office in Woollahra. Entry was limited to pre-registered bidders who were required to bring photo identification on the night.
Bidding started at $1 million but a series of $100,000 bids quickly took the price above $1.5 million.
RESOURCED: http://m.smh.com.au/domain/real-estate-news/fifth-millers-point-terrace-fetches-227-million-20140925-10lzo1.html
