Surry Hills terrace sells for $1.945m after intense 53-bid auction battle

A Surry Hills home sold for $1.945m on Saturday. Picture: Sam Ruttyn It was a quiet weekend for auctions in Sydney but a three bedroom terrace in the city’s fringe attracted strong interest that pushed the sale $145,000 over the seller’s minimum price. A crowd of around 30 people fit into the small concrete patio of a Surry Hills home where a bidding battle took the price from $1.7m to $1.945m after a whopping 53 bids. MORE: ‘Almost over’: 5 suburbs set to boom as slump ends 70 Cooper Street is a three bedroom, one bathroom terrace home. Picture: Sam Ruttyn Six bidders registered for Saturday’s auction but two came out in front as they crept towards the final price with bids as small as $1,000. An unexpected third bidder entered the game when they placed the 30th bid, looking completely unfazed by the competition. The professional builders made a late start but Lu Mi and Bing Lu walked away triumphant and beat out the underbidder by only $3,000. Mr Mi said they wanted to measure up their competition before they started bidding and are now looking to renovate the property. MORE: Crazy rural mansion sells after a year on the market Winning bidder Bing Lu (R) and husband Lu Mi (L). Pi...