Sydney home

Why this dated Sydney home has sold for an astonishing $5.2million

PHOTO: Auctioneer Chris Scerri received an opening bid of $4.1m.

  • Well-preserved home on Sydney’s upper north shore sells for $5.2million
  • Three bedroom Roseville home went $850,000 above the $4.35 million reserve
  • House in highly sought after location expected to be knocked down and rebuilt 

A dated home in one of Sydney’s most sought after suburbs has been sold at auction for almost $1million above the reserve as developers battled over the sought-after land.

Around 100 potential buyers flocked to the city’s upper north shore on Saturday to see a three bedroom Roseville home with an original listing price of $4million go under the hammer.

Most of the large crowd were developers not interested in the dated condition of the property but in the huge 910 square metre block of land with stunning district views.

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Around 16 bidders registered at the auction and after some fast and furious bidding, the Marjorie Street property sold for $5.2million, well above the $4.35 million reserve.

This Roseville home attracted a crowd of 100 auction attendees on Saturday as it went under the hammer for $5.2million

This Roseville home attracted a crowd of 100 auction attendees on Saturday as it went under the hammer for $5.2million

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