Defiant homeowner secures HUGE 7-figure price for run down 2-bed with outside toilet… after skyscrapers built around her
The single story home in
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6
More than 150 people came to the auction on Saturday
Credit: Strathfield Partners - Strathfield
6
The single story home in Rhodes was the last of its kind in an area now dominated by towering modern apartment blocks
Credit: Strathfield Partners - Strathfield
6
The owner had demanded an eye-watering sum of $20 million for the 676sqm block
Credit: Strathfield Partners - Strathfield
Its owner had long resisted developers' further attempts to transform the suburb into a more densely populated area.
Over the years, she has demanded an eye-watering sum of
But after a long time as the area's final
More than 150 people came to the auction on Saturday, with bidding starting at $6 million.
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read more in world news
The price for the sought-after block continued to climb until it hit the final sale price of $8.15 million.
Selling agent Vanessa Kim told Daily Mail Australia: "We thought it would go for between $7 milllion and $7.5 million and the important thing was we got a really good price.
"There were so many buyers there, but it was a bit like hide-and-seek among them in the crowd.
"It was the only house like that in the street so it was a lonely project but we sold it for an unbelievable price."
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Most read in The US Sun
Back in 2022, the house was leased for $900 per week - with the owner not budging on the $20 million asking price despite high interest from developers.
The property has just two bedrooms and one bathroom, but it is the land's redevelopment potential that saw it draw so much interest.
Missing teen swept out to sea is found stranded on remote uninhabited island miles from shore
The owner is understood to hold a multi million-dollar housing portfolio across Sydney.
The site could be transformed into as many as 14 apartments, a gym, daycare centre or a pub, Daily Mail Australia has reported.
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Kim told the paper the advice she shared with the owner to help boost its auction price.
"It's a winter market which means there's not as many properties on the market but I mentioned to the owner that the best time was to sell was in the winter.
"There's not so many properties on the market but in spring it's flooded.
"When there's too many properties on the market, people have a lot of choices."
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The owner previously sold a house in Strathfield to developers back in 2016 for $2.7 million.
She also sold two other units in Rhodes for $370,000 and $540,000.
The owner had hoped to land a final sale price of $9 million, but reserve was set at $8 million.
"It's not a normal house, it has a lot of potential," Kim added.
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"We had several inquiries for a lot of future development."
6
The owner had hoped to land a final sale price of $9 million
Credit: Strathfield Partners - Strathfield
6
The owner is understood to hold a multi million-dollar housing portfolio across Sydney
Credit: Strathfield Partners - Strathfield
6
The property has just two bedrooms and one bathroom
Credit: Strathfield Partners - Strathfield
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Defiant homeowner secures HUGE 7-figure price for run down 2-bed with outside toilet… after skyscrapers built around her
AN AUSTRALIAN homeowner has finally agreed to sell her run down old house after years of defiantly holding out against developers. The single story home in Advertisement 6 More than 150 people came to the auction on Saturday Credit: Strathfield Partners - Strathfield 6 The single story home in Rhodes was the last of its kind in an area now dominated by towering modern apartment blocks Credit: Strathfield Partners - Strathfield 6 The owner had demanded an eye-watering sum of $20 million for the 676sqm block Credit: Strathfield Partners - Strathfield Its owner had long resisted developers' further attempts to transform the suburb into a more densely populated area. Over the years, she has demanded an eye-watering sum of But after a long time as the area's final More than 150 people came to the auction on Saturday, with bidding starting at $6 million. Advertisement read more in world news The price for the sought-after block continued to climb until it hit the final sale price of $8.15 million. Selling agent Vanessa Kim told Daily Mail Australia: "We thought it would go for between $7 milllion and $7.5 million and the important thing was we got a really good price. "There were so many buyers there, but it was a bit like hide-and-seek among them in the crowd. "It was the only house like that in the street so it was a lonely project but we sold it for an unbelievable price." Advertisement Most read in The US Sun Back in 2022, the house was leased for $900 per week - with the owner not budging on the $20 million asking price despite high interest from developers. The property has just two bedrooms and one bathroom, but it is the land's redevelopment potential that saw it draw so much interest. Missing teen swept out to sea is found stranded on remote uninhabited island miles from shore The owner is understood to hold a multi million-dollar housing portfolio across Sydney. The site could be transformed into as many as 14 apartments, a gym, daycare centre or a pub, Daily Mail Australia has reported. Advertisement Kim told the paper the advice she shared with the owner to help boost its auction price. "It's a winter market which means there's not as many properties on the market but I mentioned to the owner that the best time was to sell was in the winter. "There's not so many properties on the market but in spring it's flooded. "When there's too many properties on the market, people have a lot of choices." Advertisement The owner previously sold a house in Strathfield to developers back in 2016 for $2.7 million. She also sold two other units in Rhodes for $370,000 and $540,000. The owner had hoped to land a final sale price of $9 million, but reserve was set at $8 million. "It's not a normal house, it has a lot of potential," Kim added. Advertisement "We had several inquiries for a lot of future development." 6 The owner had hoped to land a final sale price of $9 million Credit: Strathfield Partners - Strathfield 6 The owner is understood to hold a multi million-dollar housing portfolio across Sydney Credit: Strathfield Partners - Strathfield 6 The property has just two bedrooms and one bathroom Credit: Strathfield Partners - Strathfield Advertisement
