Parramatta sees cheapest weekend auction sale
Parramatta had the weekend’s cheapest auction sale when $420,000 was paid for a two-bedroom apartment in the 1974 complex, Wentworth Gardens.
There have been just 11 higher sales in the complex, including four fetching above $500,000.
The 12th floor Campbell Street unit last sold in 2012 for $323,000.
The 59 square metre space was offered as a $450 a week rental in 2015.
Dee Why, another apartment construction hot spot, had Sydney’s second-cheapest result when a studio apartment in the newly completed Osprey Apartments fetched $480,000.
A Punchbowl unit failed to sell, when passed in on a $395,000 vendor bid.
There were three registered bidders, one an investor and the others first home buyers.
In Rossmore Avenue, the two-bedroom 62 square metre unit had a new kitchen and new bathroom.
Dating back to 1970, it last traded in 2003 for $206,000.
Listing agents Anthony Ghantous and Fadi Hajjar now have a $409,000 asking price.
This article first appeared in The Daily Telegraph.
