News Corp Australia Network
Last year, 40 Kambala Rd, Bellevue Hill, languished on the market for 142 days with an $11.2m price guide.
Last year, the house sat on the market for 142 days with no sale. Then this week, the agent accepted a whopper offer just as the auction was due to start, shocking bargain hunters.
Sources say the mystery buyer’s $11.8m offer for the five-bedroom, three-bathroom home with double garage at 40 Kambala Rd, Bellevue Hill far outstripped the other registered bidder’s level of interest.
“He was planning to get it for $9m!” my source advised.
The sales agents for the property this time round (it was a different crew last year), Bradfield BadgerFox’s William Tsagaris and Peter Leipnik, didn’t want to discuss the figures involved.
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The home had city skyline views.
The resort-style pool was a major attraction.
But Tsagaris confirmed: “We were very happy to cut short the auction and wrap it up with that offer!”
The home, originally a modest Californian bungalow on the 760sqm block, has been the home of the Wood family for the past nine years.
They’d paid $3.8m in 2013 and did a $1.2m renovation, that included an addition and going up a level to suit the needs of their growing family, a few years later.
The house sits on a 760sqm block.
There are three bathrooms.
The Hamptons-style residence had a pool and city skyline and Harbour Bridge views.
The guide was $11.2m last year with the other agents and Tsagaris confirmed the guide was $11.8m this year.
But it’s understood there’d been no prior interest at that level, so the agents were no doubt as surprised as anyone to have got the deal done without the waiting auctioneer.
