Winning bidders of the Artarmon home Jade Loyzaga and Chris McGrath with their baby daughter. Picture: Damian Shaw
A young couple have come out on top at a busy Artarmon auction on Saturday morning, purchasing a stunning character home for $4.46m.
The auction at 9 Burra Rd attracted 7 registered bidders with two actively bidding.
Young family Jade Loyzaga, Chris McGrath along with their baby daughter came out on top.
“It’s a wild story, I just got off a plane from LA, I was there for work … I said I have to get back in time for this auction,” Ms Loyzaga said.
The couple had been eyeing the property of for a while and “really loved it.”
“We were one of the first offers that came through and have just been patiently waiting to get it.”
Edward Riley auctioneer in front of the huge crowd in Artarmon. Picture: Damian Shaw
They were drawn to the home for its character and proximity to the city.
“It lined up perfectly with the timing of the sale of our home … this is the perfect size for us now that we are a three, we are excited,” she said.
The vendor, Elizabeth Goldsmith was feeling “a little bit overwhelmed,” now that her home of nearly 49 years had sold.
“It doesn’t feel real,” she said.
After living in Glebe, Ms Goldsmith moved to Atarmon for the “leafy surrounds and accessibility to the city,”
Selling her home of 49 years, Elizabeth Goldsmith (centre) with her daughters Amelia Goldsmith and Emma Porter. Picture: Damian Shaw
Her two daughters Amelia Goldsmith and Emma Porter, were also present at the auction, and were reminiscing their childhood spent running around the bushland across from their home with other neighbourhood children.
“We knew all the people living across the road so we would go through the back of their house into the reserve,” Ms Porter said.
After being the longest resident in the street, Ms Goldsmith was now moving to “age appropriate accommodation in Willoughby,” with a large group of friends who had come in support to watch her house sell under the hammer.
The facade of the character home.
Her two daughters joked that her new residence would be like “party town,” or a “frat house,” with the group of friends all living in the same complex.
Selling agent Ray White Lower North Shore’s John McManus said the metro and the zoning for Artarmon Primary was a big drawcard for bidders as well.
“We had a lot of families and some downsizers interested … but (the vendor) is smiling from ear to ear so I think she’s happy with the result.”
Auctioneer Edward Riley calls the auction. Picture: Damian Shaw
Auctioneer Edward Riley said the rate cut hadn’t made a huge difference to budgets, but it had given buyers some confidence that “the worst was behind us.”
“We will see the market slowdown now through Easter and Anzac Day, but May is already looking very busy.”
MORE HOT AUCTION RESULTS
NORTH WEST
An “untouched” Ryde home has sold for $3.4m, $750,000 above reserve.
Located at 28 Aeolus Ave, the dated home attracted 11 registered bidders with six actively bidding. All interested parties were developers wanting to turn 809 sqm block into a duplex.
Scerri Auctions managing director Chris Scerri said the auction went “gangbusters.”
“A great site, unencumbered, skyline city views … it was good to see developers out in force.”
Ryde home sells $750,000 over reserve at 28 Aeolus Ave.
EASTERN SUBURBS
A stunning Bronte home has sold for a whopping $8.9m.
Located at 41 Yanko Ave, “one of the best streets in Bronte,” according to lead agent PPD’s Alexander Phillips.
With 1920s charm, four bedrooms and three bathrooms, the property sold to a local family in front of a crowd of about 100 people.
Attracting five registered bidders, it was a two horse race from the opening bid of $8.2m, selling just above the set reserve.
41 Yanko Ave, Bronte, sold for $8.9m.
NORTH SYDNEY
A large Putney residence has sold for $5.66m, $360,000 above its reserve.
The large home located at 208 Morrison Rd attracted four registered bidders all actively bidding, opening strong at $5m.
McGrath Ryde agent Robert Bagala said the home had “character detail throughout with updates and extensions.”
The home sold to a local family hoping to live in the home but was competitive as it “ also lent itself to the possibility of subdivision.”
The large seven bedroom home sold for $5.66m.
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