Insane public sale outcome for Rostrevor house that offered virtually $400k over reserve value

Jessica Brown

Information Corp Australia Community

26 Tyringa Ave, Rostrevor. Image:

The dealers of a Rostrevor house have pocketed virtually $400,000 greater than they anticipated after the preferred belongings was once snapped up at public sale for a million-dollar value.

The five-bedroom area at 26 Tyringa Ave offered for $1.48m beneath the hammer on the weekend – $391,000 above its reserve value.

Ray White Norwood agent Linda Clemente, who offered the valuables with Oliver Bishop, stated the sale value was once well past what the interstate dealers have been anticipating.


Secure as properties: The suburbs proof against rate of interest drive

Luxurious residences earmarked for former hostel hit the marketplace

The SA suburbs prompting a bidding frenzy

26 Tyringa Ave, Rostrevor. Image:

26 Tyringa Ave, Rostrevor. Image:

26 Tyringa Ave, Rostrevor. Image:

She stated they have been ready to promote the valuables for its council valuation, which was once slightly below the $1m mark.

“Out of the 30 registered bidders, six got here to public sale day to take part, with the successful bid secured through a neighborhood circle of relatives who knew the road and the neighbours, and valued the valuables even upper than what they bought for,” she stated.

“The circle of relatives who purchased it, it simply suited them to a ‘T’.”

The 5 bed room house is on an 880sq m block and has two toilets, a couple of dwelling spaces and a double storage.

In keeping with belongings data, it ultimate offered in September 2005 for $325,000.

26 Tyringa Ave, Rostrevor. Image:

26 Tyringa Ave, Rostrevor. Image:

26 Tyringa Ave, Rostrevor. Image:

Ms Clemente stated it stood out to potential patrons for a number of causes, together with its dimension and site.

“It was once highly regarded, we noticed over 130 folks all over the marketing campaign,” she stated.

Ms Clemente stated restricted houses on the market in space and the price of development bumped the valuables’s value up.

“The price of development is solely ordinary,” she stated.

Newest PropTrack knowledge displays Rostrevor’s median area value stands at $861,150.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Back To Top
Would love your thoughts, please comment.x