Fiona Killman, Real Estate Reporter
Updated 7 Oct 2023, 6:06pm
First published 7 Oct 2023, 3:08pm
A young couple discusses strategy before securing a house at a hot auction in Marrickville. Picture: Max Mason-Hubers
A Surry Hills couple and their baby boy have secured a rare, sought-after home in Marrickville.
The three bedroom home was on the market for the first time in 60 years with the owners originally buying it for 4000 pounds.
It sold under the hammer for $1.475m with five out of the eight registered bidders active during the auction after an opening bid of $1.3m.
The successful bidders were Matt Siely, Erin Bonnet and their 10 month old son Xavier.
The couple are upgrading from a one-bedroom apartment in Surry Hills and had been looking for a house for six months.
Winning bidders Matt Siely, Erin Bonnet and their baby Xavier. Picture: Max Mason-Hubers
Auctioneer Mark Daley at the hot auction. Picture: Max Mason-Hubers
MORE
Outer west Sydney suburb’s ‘impossible’ new price record
Last of a kind with Bridge, Opera House views for sale
“We’re stoked, we weren’t expecting it to go that way today,” Mr Siely said.
“It’s in a great location and Marrickville has just been booming.
“I grew up in the area and we have a family business here Bob’s Tennis Academy which has been around for a fair bit of time.”
Mr Siely, who also owns Sydney Beer Co, said they had been hunting for a place with more room.
“It’s time for more space to let Xavier run rampant,” he said.
He said they were lucky to secure the house for a “great price”.
Winning bidders Matt Siely, Erin Bonnet and their baby Xavier meeting Joanne Bastas, the owner’s daughter. Picture: Max Mason-Hubers
“We’ve been to a few auctions that went crazy and far beyond expectations,” he said.
“To get a bit of land in Marrickville at this price is pretty great. There was definitely luck involved.”
The couple are planning to move in and then do some upgrade work to the 90-year-old home over time.
Bradfield BadgerFox – Double Bay agent William Tsagaris said the sellers were thrilled.
“There were tears, it was emotional for them having been in the family for so long,” he said.
During the marketing campaign, the home had 50-60 inspection groups through every Saturday.
The home attracted huge interest due to its size and location.
MORE
Rugby Australia chairman sells Lavender Bay home
Is this Sydney’s most epic home extension?
“The home was really popular,” Mr Tsagaris said.
“It’s in an awesome spot in Marrickville and while it’s a small home, it is freestanding.”
The sale comes just days after the Marrickville suburb record was broken.
A home at 82 Thornley St sold for $4.5 million prior to its auction which was scheduled for Saturday.
The sale exceeded the 2022 sale of an iconic home known as Courted House on Livingstone Rd for $4.375m.
The Agency’s Shad Hassen said the home was bought by a local Marrickville family who is upsizing.
“The record price is a sign of strong demand in the Marrickville areas which has seen great growth and gentrification over the last few years,” he said.
“We expect to continue to see confidence in the Marrickville market moving forward.”
Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where indicated, third parties have written and supplied the content and we are not responsible for it. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders. We strongly recommend that you obtain independent advice before you act on the content.
Personalised advertising: We show you more relevant advertising based on your activity. Prefer us not to? Opt Out of personalisation
realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd.
Recent Comments