Fairfield and Bondi gems ready to under hammer in property tycoon auction tipping

A couple of gems are set to go under the hammer this weekend in two of the most sought after suburbs in Melbourne and Sydney.

Situated on one of Fairfield's premier streets, 48 Gordon Street is just a short walk to schools, parklands, trains and vibrant Station Street shopping.

Glorious natural light floods the impeccably presented interior of this attractive three-bedroom home, which enjoys a beautiful broad frontage and large north-facing rear garden plus versatile studio/home office.

It is likely that this home (pictured below) will fetch in excess of $850,000.

Potential is a word that is thrown around a lot in the real estate world and this is what is on offer when 37 Glenayr Avenue, North Bondi goes under the hammer. 

Peacefully set on a level 436-square-metre block just moments to 'Seven Ways' cafes and a stroll to the beach, this spacious freestanding home offers a unique opportunity in a tightly-held enclave. It is neatly presented and there is fantastic scope to add value.

Damian Steele from McGrath Real Estate says it is worth between $1.6 million and $1.7 million.

There's now a website, www.propertytycoon.com.au, where punters can guess five auction results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.