Inner west house sells $360k over reserve

A huge crowd of onlookers flooded the yard at 35 Myall St to the sound of bagpipes playing as the five bedroom house went under the hammer for the first time in almost four decades through Paul Milkovic at Raine & Horne Concord and Strathfield.Auctioneer Michael Garofolo from Cooley Auctions started proceedings by announcing a wet weather plan.MORE: Fairlight record smashed with $13.8m saleSandstone treasure goes up for sale“If the heavens do open up – Plan B – we’ll all run inside. There’s plenty of room to swing a cat,” he said to the crowd before taking the opening bid of $2,950,000.A battle between four registered bidders ensued before the gavel dropped at $3,460,000 – well above the $3.1m reserve. The winning party was a young couple looking to upsize.The vendors were “ecstatic” with the result, Mr Garofolo said.They had originally lived on the same street before buying the Californian bungalow 36 years ago.“They saw agents circling the house,” he said.“It was an elderly lady looking to sell and they approached her privately to buy.”Throughout their time in the house, the couple had extended upstairs and raised a family.Mr Garofolo said all of the registered bidders had been looking to secure a family home in the sought-after conservation area, with the property’s character and size its greatest appeal. “For a family looking to buy not too far from Parramatta or the Sydney CBD, it just ticked all the boxes,” he said.MORE: Tennis court estate set to smash records by $5mStation master’s cottage on track for huge priceRoomies wanted, clothing optional: Nudist home seeks flatmates

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March 05, 2022 at 11:30PM
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A huge crowd of onlookers flooded the yard at 35 Myall St to the sound of bagpipes playing as the five bedroom house went under the hammer for the first time in almost four decades through Paul Milkovic at Raine & Horne Concord and Strathfield.Auctioneer Michael Garofolo from Cooley Auctions started proceedings by announcing a wet weather plan.MORE: Fairlight record smashed with $13.8m saleSandstone treasure goes up for sale“If the heavens do open up – Plan B – we’ll all run inside. There’s plenty of room to swing a cat,” he said to the crowd before taking the opening bid of $2,950,000.A battle between four registered bidders ensued before the gavel dropped at $3,460,000 – well above the $3.1m reserve. The winning party was a young couple looking to upsize.The vendors were “ecstatic” with the result, Mr Garofolo said.They had originally lived on the same street before buying the Californian bungalow 36 years ago.“They saw agents circling the house,” he said.“It was an elderly lady looking to sell and they approached her privately to buy.”Throughout their time in the house, the couple had extended upstairs and raised a family.Mr Garofolo said all of the registered bidders had been looking to secure a family home in the sought-after conservation area, with the property’s character and size its greatest appeal. “For a family looking to buy not too far from Parramatta or the Sydney CBD, it just ticked all the boxes,” he said.MORE: Tennis court estate set to smash records by $5mStation master’s cottage on track for huge priceRoomies wanted, clothing optional: Nudist home seeks flatmates