Stayput aunt's Artarmon Federation fetches record price after 99-year ownership

Stayput aunt's Artarmon Federation fetches record price after 99-year ownership
Jonathan ChancellorJuly 13, 2014

A weekend Artarmon auction offering has sold for a record $2.82 million. 

The four-bedroom house at 12 Harden Road was offered for the first time in 99 years selling through agent Danny Grant, of Ray White Lower North Shore.

Some 27 contracts were issued with six registered bidders who'd been given a price guide of around $2.5 million.

It sold to a local family with four children who lived in the next block, the local News Ltd paper reported.

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The Federation home on sandstone foundations had been in the same family since 1915 with the current vendor's aunt, school teacher Elsie Greig residing in the house through her entire life.

The aunt’s parents bought it as newlyweds after Bonnor Court was constructed amid orchards.

The 1,400 square metre holding came with tennis court, reportedly one of only two courts remaining in Artarmon.

The median house price in Artarmon is at around record $1.7 million levels, according to RP Data.

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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