Late play proves winning strategy as five bidders contest auction
A LAST-minute charge from a dark horse dashed the hopes of four other bidders for a renovated house in Hamlyn Heights.
A young couple was in the hot seat until the final minutes of the auction at 14 Sladen St on Saturday.
But with just late three bids, an investor swooped, securing the three-bedroom house for $570,000.
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Bidding for the 635sq m property started at $460,000, with Buxton auctioneer Dylan Taggert declaring the property on the market at $520,000.
Selling agent Julia Warren said the eventual buyer came out of nowhere.
“It was popular, mostly with first-home buyers but the buyer was an investor,” Ms Warren said.
“They were dark horse, they were not even on my radar.”
The renovated house has an open-plan living area with an updated kitchen and three light-filled bedrooms.
There is also scope for a man cave or studio is the large garage.
Ms Warren said the land size could pave the way for the future construction of a rear unit.
“Investors are recognising there is still some good growth in Hamlyn Heights,” she said.
Hamlyn Heights median house price has risen 5.2 per cent in the past 12 months to $540,000, CoreLogic data shows.