Gift of the gab house in Killarney Heights has neighbours talking

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Blarney Castle in Ireland home to the Blarney stone that gives people the gift of the gab.

A house in a street named after the stone that gives people the gift of the gab sold so well at the weekend it has neighbours talking and listing their own homes for sale.

Ten parties registered to buy 3 Blarney Ave, Killarney Heights on Saturday and most of them actively bid keen to acquire the four-bedroom house on almost 700sqm of land.

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The bidders were chatting and being entertaining through the auction.

Blarney Ave is named for the 15th century Blarney stone in the walls of Blarney Castle near Cork in Ireland. Legend has it that whoever kisses the limestone Blarney stone is endowed with the gift of the gab.

Bidding opened at $1.3 million for the single-level home and jumped up at $5000 lots before the hammer fell at $1.75 million.

Brian Fairweather, of Ray White, said the result was much higher than both he and the owners had expected.

“The moment the auction finished three or four neighbours came up to me and asked if I could sell their home now,” he said.

Th single-level home at Blarney Ave, Killarney Heights.

Buyers loved the retro style, land and location.

Killarney Heights, on the northern beaches, is a stable suburb close to national parkland with a popular high school and a bilingual primary school, where students are taught in English and French.

Only 36 houses have sold in Killarney Heights in a year, representing a turnover of less than three per cent.

The auction on Saturday was spirited but also good-natured with the underbidder making a point of congratulating the successful bidder — who didn’t want to be identified but who is believed to talk for a living.

No hard feelings, the underbidder congratulates the new owner of the Blarney Ave home. (AAP IMAGE / Troy Snook)

Auctioneer Brian Fairweather said the market is almost back to the peak of 2017.

Mr Fairweather said at the market’s peak, in 2017, a house in better condition than number 3 at 7 Blarney Ave, Killarney Heights sold for $1.835 million.

“We are nearly back at the peak of the market,” he said.

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News of the new Northern Beaches Hospital and upgraded roadworks in nearby Frenchs Forest has put the Forest area on the map for buyers, Mr Fairweather said, and people from all over Sydney are being drawn to the safe and quiet suburb.

According to CoreLogic the median house price in Killarney Heights is $1.63 million down 7 per cent in 12 months.

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