FIRST home buyers have snapped up a two-bedroom semi-detached home in Petersham at auction for $1.03 million.
The quaint property at 26 Jarvie Ave attracted two registered bidders with both participating.
Selling agents Rhonda Yim and Benjamin Martin of Belle Property Annandale had 30 people in attendance at the auction, as bidding started at $990,000 and increased in increments of $5,000.
The reserve was set at $1.01 million, with the buyers a young couple from Castle Hill who were competing in their first auction and buying their first property.
Features of the home include an open-plan living and dining area, gourmet kitchen with stainless steel and timber finishes and two bedrooms off the hallway both with built-in wardrobes.
“Property presentation is an integral part of securing a sale in the current market,” Ms Yim said.
It had been owned since October 2005 when it was bought for just $520,000. There were seven contracts issued and 45 groups through inspections.
In Wareemba, a two-bedroom townhouse has also sold at auction, with a couple from the local area paying $1.12 million to secure it.
Located at 4/82-84 Wareemba St and overlooking Coralie Reserve, the terrace-style townhouse has a free-flowing floorplan over two levels.
Selling agent Joe Kanaan had three bidders register, with all bidding at the competitive auction.
Bidding started at $1 million and increased in $10,000 and $20,000 increments.
Features include polished timber flooring, a gas kitchen with marble bench tops and stainless steel appliances, plus a courtyard that is perfect for entertaining guests.
The buyers were actually overseas for most of the campaign, before returning last week to inspect the home and buy it.
The property last changed hands back in August 2012, when it sold for $816,000.
Closer to the CBD, a three-bedroom house at 41 Burfitt St in Leichhardt has sold prior to auction for $2.07 million.
Due to go under the hammer on October 6, the house was popular with three parties, with the buyers being a couple from Pyrmont.
The vendor, Graeme McInnes of Oracle Engineering, is selling to make a sea-change with his partner.
Selling agent Lynsey Kemp of Belle Property Balmain issued four contracts and had 32 groups through the inspections.