Mosman price shocker tops Sydney's weekend auctions

Mosman price shocker tops Sydney's weekend auctions
Jonathan ChancellorAugust 10, 2014

Sydney's most expensive property sold at weekend auction was a three-bedroom Beauty Point home with Middle Harbour views.

The house at 12 Euryalus Street, Mosman was sold by Simeon Manners Property for $3.23 million. 

"It was just above the reserve, though the reserve was ambitious," agent Michael Mahon told Fairfax Media.

However Property Observer notes it last sold at $3.1 million in June 2010, so not even 1% price growth during the past four years.

There were three bidders with it knocked down to a Mosman family.

RP Data indicated its pre-auction price guidance was $3 million to $3.5 million.

The onthehouse estimate for the property was $3,466,400 to $3,908,400 in June and at $3,340,900 to $3,766,900 in August.

The bungalow property comes with approval to rebuild a three level family home on the elevated, north facing 773 square metre block.

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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