An original-condition Hunters Hill home on the market for the first time in more than six decades attracted buyers looking to spend as much as $2 million on a renovation and extension.
Tawar Razaghi
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Hesitant bidders fought it out in a marathon auction for a deceased estate in the inner-west Sydney suburb of Haberfield on Saturday â and the hammer eventually fell at $3.255 million.
The four-bedroom Federation house at 46 Waratah Street drew a crowd of more than two dozen, including six registered bidders, but the parties were wary of overpaying as Sydney house prices rocket to record heights.
46 Waratah Street, Haberfield.Â
It was one of 762 homes scheduled for auction in Sydney on Saturday.
By evening, Domain Group recorded a preliminary clearance rate of 84.8 per cent from 584 reported results.
Only half the registered bidders threw their hats in the ring in what ended up being a painstaking 40 minute-long auction that started with an opening bid of $2.5 million.