Concord hits new heights with new suburb record for seven bedroom mansion

Concord hits new heights with new suburb record for seven bedroom mansion
Concord hits new heights with new suburb record for seven bedroom mansion

A three storey, seven bedroom Concord mansion, with a very long lap pool, set a record price for the Sydney suburb on the weekend.

No. 11 Ludgate Street, Concord was sold for $2.79  million, some $90,000 above the $2.7 million reserve through listing agent Joseph Georges from Georges Ellis & Co.

Bidding opening at $2.3 million with a crowd 10 registered bidders amid the 150 people at the 1.30pm auction. Sold to a local family, the agents had been initially advising $2.45 million plus.

The 700 square metre block had cost $1,305,000 in 2010 for the owner builder.

Ludgate St, Concord had another sale on the weekend with No.13 selling later Saturday afternoon for $2.28 million, but it's sale was marked down by most to the successful piggybacking the neighbouring auction.

The Sidney Koh-designed house had been for sale since June last year, with an auction sign posted soon after 11's went up.

Property Observer gleans the Concord record was for the five-bedroom home at 7 Links Avenue at $2.61 million last November.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Auctions Sydney

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