West Ryde re-build sold for $1.38 million
Jonathan ChancellorDecember 7, 2020
The weekend auction offering at 23A Aitchander Road, West Ryde fetched $1,380,000 which was $150,000 over reserve.
The battle axe block did little to deter buyers interested in the 950sqm of land on offer.
The house was in original condition and requiring total renovation or a knock down and re-build.
During the campaign, 70 inspections and 14 contracts were issued, nine buyers registered on auction day of which four took part in the bidding which opened at $1.1 million through auctioneer, Rocky Bartolotto from Auction Services.
Robert Younis from First National West Ryde secured his third bidder - the eventual buyer - at $1,280,000 with another new bidder then joining in the bidding.
The top bidders were a young couple who plan to renovate.
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.