Parramatta sees cheapest weekend auction sale

Parramatta sees cheapest weekend auction sale
Staff reporterDecember 7, 2020

Parramatta had the weekend’s cheapest auction sale when $420,000 was paid for a two-bedroom apartment in the 1974 complex, Wentworth Gardens.

There have been just 11 higher sales in the complex, including four fetching above $500,000.

The 12th floor Campbell Street unit last sold in 2012 for $323,000.

The 59 square metre space was offered as a $450 a week rental in 2015.

Dee Why, another apartment construction hot spot, had Sydney’s second-cheapest result when a studio apartment in the newly completed Osprey Apartments fetched $480,000.

A Punchbowl unit failed to sell, when passed in on a $395,000 vendor bid.

There were three registered bidders, one an investor and the others first home buyers.

In Rossmore Avenue, the two-bedroom 62 square metre unit had a new kitchen and new bathroom.

Dating back to 1970, it last traded in 2003 for $206,000.

Listing agents Anthony Ghantous and Fadi Hajjar now have a $409,000 asking price.

This article first appeared in The Daily Telegraph.



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