BuyingSellingAuction 27 AUG 2017 NEW SOUTH WALES NEWS SYDNEY THE HILLS 32 Colbran Ave Kenthurst
IT was the family dream home on a hectare of land — with a bar and heated spa pool. Perhaps it’s no surprise that two buyers really wanted it.
The six-bedroom, four-bathroom home on a hectare at 32 Colbran Ave, Kenthurst, sold for $4 million — $500,000 above reserve.
Eight bidders lined up to bid, with four active, keen on the property because of its size, features and convenient location near Kenthurst, Glenhaven and Rouse Hill.
The owners, who had built the property 22 years ago, had extended nine years ago and renovated just three years ago.
Auctioneer and agent Will Hampson of Lumby Hampson accepted an opening offer of $2.6 million and increments rose in $100,000 and then $50,000 increments.
Calling it onto the market at $3.5 million triggered a new bidder to enter the fray. The buyers were a family with four children from Baulkham Hills, understood to work in finance. The underbidders were from Schofields.
“It was a beautiful home,” Mr Hampson said “It just goes to show what can happen when two people really want it.”
The $4 million house was one of the highest houses to sell under the hammer in Sydney on Saturday. CoreLogic figures indicate the most expensive was a five-bedroom house at 32 Shadworth St, Mosman, which sold for $5,675,000 through Richard Simeon and Marize Bellomo of Simeon Manners.
A three-bedroom home on 4199 sqm at 12-16 Killeaton St, St Ives, sold prior for $5 million through Savills Cordeau Marshall.
However, these were all surpassed by the sale of a three-bedroom apartment in Quay Grand with views of the Harbour Bridge at 1503/61 Macquarie St, which sold for $7.11 million through Ettiene West and Laura Lloyd-Cairns.
There were 657 auctions scheduled for Sydney. The preliminary clearance rate was 68.5 per cent — 13 per cent down on the same time last year. CoreLogic commentator Kevin Brogan attributed this to the weaker investor market, particularly affecting outer suburban areas.