First time there is a property for auction with no reserve price in this suburb as far as I know https://www.realestate.com.au/property-house-nsw-epping-134091986 I have to give it to the owners ... they have bxxxx ... guts I think it will be between 1.7 to 1.79
I reckon it will eitther sell for one of those price points or be withdrawn . In any case, it appears to present well. I think the negatives are the people would generally prefer brick and closer to the station. And the land must be sloping downwards.
Great marketing strategy. Makes for a good story article: https://www.realestate.com.au/news/sellers-list-much-loved-epping-house-with-no-reserve-to-pay-it-forward/
Auctions can be a lie. Until its selling you are at a open home but paying for pest and building etc. Never bid unless you know you are bidding to buy
oh well ... i missed out by that much 1.871 https://www.realestate.com.au/sold/property-house-nsw-epping-134091986
There you go. Auctions: seller ‘uncomfortable’ with high price for house, pledges charity donation - realestate.com.au
Very interesting auction yesterday https://www.realestate.com.au/sold/property-house-nsw-epping-134687194 This property is under the conservation area, cant really park in the driveway or garage on the low street side easily by 1m and there was an unfortunately incident 10 weeks ago where the tenant committed suicide and succeeded and sold off for 1.79 which is more than what I would normally expect
I think it should have gone for more. Easy walk to station, not far from the bus route but not on it directly, good sized land, character home. The insides are very dated, but that's easily fixable.
Ok, well, if the inside was renovated it would have gone for more, but it's a character house on what looks like good land, easy walk to station, quiet street yet easy accessed to buses too... it ticks the boxes. Ok, someone might have died in it, but the past is the past and character homes in a quiet position with easy walk to main station not surrounded by apartments... highly desirable.
40 Chester St, Epping, NSW 2121 https://www.realestate.com.au/property-house-nsw-epping-134697782 This one is listed for auction next Saturday 3pm. I'm interested in seeing how much it goes for. Easy walk to station, on the East side, quiet blue ribbon street, 2007 sqm of land that all seems usable and subdividable, character home, walk to Epping Boys and Epping Public schools, walk to train station.
That floor plan + epping makes me assume it was an illegal boarding house. 5 bedrooms served by 1 bathroom ouch. On another note the land is sloping heavily from the road so possible may have major subdivision issues. Either way I would guess 2.5 mil +
It has 3 toilets though. I guess when the extension was done, extra bathrooms were not really high priority like it is today. Also most of the neighbouring blocks have a subdivision behind, so I don't think subdiving this one would be so hard.
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