Prized property fetches $1.915m

FAMILIES eager to live in the suburb of Oatlands have battled it out for a multi-level home and one has snapped it up for just under $2 million.

The house, at 3 Stringer Place, was inspected by 40 groups before it went to auction on Saturday.

There were seven registered bidders but it was two who were desperate to secure the property.

Selling agent Broderick Wright from Ray White Parramatta said the bidding was competitive from the opening bid of $1.65 million.

“Initially we were taking $50,000 bids until the $1.8 million mark and it then dropped,” Mr Wright said.

“In the end we were taking $5000 bids, which showed how badly both parties wanted the property.”

The hammer fell at $1.915 million and the grand residence was sold to buyers from West Pennant Hills who have young children.

The five-bedroom house is on 1017 sqm in a cul-de-sac. It has a grand back deck and pool area.

Mr Wright said the suburb was prestigious and despite talk of a cooling market, Oatlands was “always a top performer” due to its block sizes and proximity to schools such as Tara Anglican and The King’s School.

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The area’s current median house price is $1.59 million, the latest CoreLogic figures show. There were 49 sales in the sought-after suburb in the 12 months to December.

Finance | news.com.au — Australia’s #1 news site

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