$6.6 million Manly apartment sale tops weekend auction results

A Manly penthouse sold pre-auction for $6.6 million came with a price guide of $4.5 million

$6.6 million Manly apartment sale tops weekend auction results
$6.6 million Manly apartment sale tops weekend auction results

Manly clocked up the biggest weekend apartment sale in New South Wales.

The three-bedroom Manly penthouse sold for $6.6 million just days before its scheduled weekend auction.

It was the priciest apartment sale across the nation over the past week.

There was a 61.8 percent success rate from the 345 apartment and townhouses results over the weekend, according to CoreLogic.

The median sale price was calculated at $810,000. 

Vendors had 448 offerings with 103 results yet to be advised.

Sydney vendors secured an 81.5 percent success rate while Melbourne vendors secured a 50 percent clearance rate.

The whole floor Manly apartment was bought by a young IT entrepreneur, he told The Manly Daily.

It was set on the 1916 Montreaux complex at 20/7 Commonwealth Parade opposite Manly Cove.

It had a guide of $4.5 million to $4.9 million from Adam Moore, of Stone Real Estate Manly.

It came with an open car space

Melbourne's top advised sale was 7/120 Queens Parade, Fitzroy North at $1.8 million which came mid-last week.

The three-bedroom, two-bathroom townhouse was architecturally designed in the reinvention of the Selotta Shoe Factory.

The price guide for the 1934 three level space had been $1.8 million to $1.9 million.

It last sold at $975,000 in 2007.

The adjoining 6/120 Queens Parade townhouse, also with three bedrooms, fetched $1.8 million in April. It first sold at $406,000 in 1998.

The original factory designed is credited to architect, H V Gillespie.

Jonathan Chancellor

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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