The Sydney apartment is selling for $ 1 million more than its asking price, despite a small bedroom and ‘leaks’ on inspections
Flat retails for $ 1 million more than its asking price, despite a small second bedroom and a ‘leaky’ roof during inspections
- A two-bedroom apartment in Sydney’s trendy inner-city suburb is selling for $ 2.7 million
- Darlinghurst’s apartment was sold for nearly $ 1 million above its asking price of $ 1.8 million
- Sum is shading the average price for two-bedroom homes in the $ 1.4 million area
A two-bedroom apartment in a trendy Sydney suburb has sold for nearly $ 1 million more than its asking price.
The Darlinghurst flat in the east of the city was bought for a whopping $ 2.7 million despite being listed for $ 1.8 million.
The sum is less than the average price for two-bedroom homes in the area, which is $ 1.4 million, according to Real estate
A two bedroom apartment in a trendy Sydney suburb has sold for nearly $ 1 million above asking price (exterior of the house)
The flat in Darlinghurst in the east of the city was bought for a massive $ 2.7 million despite being listed for $ 1.8 million (living room opening onto the balcony pictured)
The historic apartment features a living and dining room (shown) with wooden floorboards
The apartment, located in a quiet side street in the popular suburb, has three balconies, two parking spaces and wooden floorboards.
The historic house has all the usual trimmings that make a home a home – including a quaint living and dining room – but Veronica Morgan of Good Deed Property told us NCA NewsWire the sale ‘defied logic’.
She said the ‘uniqueness’ of two car spaces and three balconies drove the price up exponentially, but indicated that the second bedroom was small and the house leaked during inspections due to torrential rains.
The kitchen features a number of wood cabinets for storage and new appliances
The house has three balconies that have driven up the price exponentially (a photo)
Average price for two-bedroom homes in Darlinghurst is $ 1.4 million (bathroom shown)
Mitchell Farah, founder of Real estate first handDaily Mail Australia said the country is experiencing a ‘perfect storm’ of low interest rates, changing market standards and positive buyer sentiment.
“Results like this condition that buyers see what they have to pay at the moment, but also create higher expectations for emerging sellers,” he said.
“What we hear from many owners considering selling is the fear that they might not be priced on their next purchase.”
A real estate agent described the second bedroom (pictured) as small, despite the house being sold for $ 2.7 million
Founder of First Hand Real Estate says country is experiencing a ‘perfect storm’ of low interest rates, changing market standards and positive buyer sentiment