Belle Property-Neutral Bay sales agent Chris Davies said that this two-bedroom terrace house on Emmett St in Crows Nest has aroused great interest. "It attracts the imagination of people who want renovation projects."
"There are not many such terrace villas in the local area. It is the only two-story house on the street... Many people hope to make a large-scale expansion at the back of the house."
His agency showed homes to more than 250 buyer groups.
It is understood that the reason why this house became its current condition is because the landlord has been neglecting maintenance.Real estate transaction records show that she bought the house in 1986 for $131,000.
This historic house built in 1900 sits on a plot of 226 square meters, most of which is covered by vegetation.
Auctioneer Andrew Robinson opened the auction for 200 million yuan and said the bid was "inspiring."
The initial bid was increased by 5 yuan and 5 yuan, but later slowed to about 25,000 yuan. A total of 30 bids were conducted.
According to reports, the buyer is planning a major renovation and will move into the property.
Mr. Robinson, the auctioneer, said that the sale of this house for 300 million is a very high price," he added, which is his strongest auction so far this year.
Sydney buyers are particularly interested in homes with potential for renovation.Last week, a Marrickville house that required extensive renovations was sold at auction at a price of 33 yuan higher than expected and attracted 33 bidders, setting a record in the district.
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