Last week, in a heated auction that can only be described at “hectic” the 5 bed room Balmain waterfront was sold for $5.475 million- topping the weekly Sydney sales price.
The average sale price for a 4 bed home in Balmain is $2.6 million, making this sale 210% higher than the average price.
As reported in the Weekly times This house at 5B Tilba Aveachieved the top sale for the week in the inner west, with five to six registered bidders competing. Listing agent Michael Finger of Ray White Double Bay said there was a “salad of buyers”, with families and empty nesters looking to snap up the house.
The vendor originally bought the original 740 sqm property 2 years ago for $4 million before subdividing and developing the site into two homes. Both the vendor and the purchaser – a family from the North Shore were extremely pleased with the result.
This highly reported property was sold by Michael Finger and Peter Leipnik of Ray White Double Bay.