Regents Park cheapest of 11 weekend Sydney auction opportunities under $500,000
It sounds very posh, but the cheapest buying opportunity across Sydney weekend auctions was at Regents Park.
The two bedroom unit fetched $375,000 pre-auction through the cheekily-named Posh Property on a property available for rent late last year a $350 a week.
It last sold in 1977, well before the first time buyers entered the market. Lisa Yan, the selling agent, told Property Observer it sold to a first time buyer.
The block's previous highest sale was $330,000 in March last year through John Nicolaides who said it was difficult to now price the market.
It too was a two bedroom plus car space totalling 70 square metres.
Sydney's next most affordable weekend sale was $376,000 for a two bedroom Liverpool apartment.
It (above) last sold in 2011 at $255,000. Pricing estimates were given as $340,000 by agents Simon Perri and Linda Chidiac at Prudential Real Estate Liverpool.
Linda Chidiac told Property Observer it was bought by an investor.
In fact all six registered bidders were investors.
The property had been positively geared with a tenant paying $360 per week.
