North Shore Times
December 3, 2020
Insider by Amanda Sheppeard
Not even 40 degree heat and searing dry winds could keep property buyers away from upper north shore auctions on the weekend.
And Lane Cove was the place to be, it seemed.
The suburb notched up the top two reported auction results for the weekend, which saw a clearance rate of 80 per cent, according to realestate.com.au.
Leading the results was the sale of 66 Centennial Ave, Lane Cove, a contemporary single-level, architect designed home on 1195sqm.
It was marketed by James Bennett and Baxter van Heyst, of Belle Property Lane Cove, and had a reserve of $3.55 million.
Four of the nine registered bidders took part in the spirited auction. The property sold under the hammer for $3.727 million.
The buyers are an Australian expat couple planning to return home. Their children bid on their behalf at the auction, as they are still overseas.
Ironically the vendors, Rod Treadwell and his partner Francie Chung are also expats – only they are returning to their New Zealand homeland.
They bought the property in 2012 with an original old house on it, and did a knockdown/rebuild with Craig and Wendy Taylor from Red Blue Architecture + Design.
“This is a really incredible result,” Mr Bennett said.
“We had great competition on the auction floor.”
He said the result was a great sign that the market was on the rise in Lane Cove.
“This is a superbly designed, world class home,” he said. “Once buyers saw it, it was game over – they wanted it. It was one of our busiest campaigns all year.”
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