$425,000 Greenacre sale the cheapest Sydney weekend sale

$425,000 Greenacre sale the cheapest Sydney weekend sale
$425,000 Greenacre sale the cheapest Sydney weekend sale

An investor paid $425,000 for the pre-auction purchase of the weekend's cheapest sale which was 4/11-17 Davidson Street, Greenacre.

It was a three bedroom, one bathroom unit, sold well ahead of auction through Town and Country agent Hui Zhu.

One of just 10 under $500,000 sales across Sydney, it was snapped up within seven days. 

4/11-17 DAVIDSON STREET, Greenacre

It last sold at $175,000 in 2001.

It now is for rent at $450 a week, reflecting 5.5% gross yield.

Eagle Vale was the suburb with the cheapest house sale - $442,000 for a three bedroom on Crozier Street.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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