Belmore block, Redfern semi, Coogee unit and Bilgola Beach house go under the hammer

His newlywed daughter will move into the two-bedroom granny flat at the back of the 727 square meter block.

Belmore now has more to offer, he said. “Things have changed a lot here; the cafes and restaurants are much better now.”

The property was one of 969 properties scheduled to go up for auction in Sydney this week.

In Redfern, a housebuilder with renovation plans was the successful bidder for a single-storey, two-bedroom terrace. 74 Kepos Streetis paying $1.87 million for the rundown property.

Bids started at $1.5 million and rose in increments of $20,000 and $10,000, then slowed to bids of $5,000 and $1,000.

The guide was $1.6 million, the reserve was $1.7 million.

Oxford Agency selling agent Matt Marano said the 118sq m property was a classic example of the “worst house on the best street”, with plenty of room for improvement.

At the end of the cul-de-sac, Kepos Street Kitchen is a finalist in the all-round category in Good Food’s 2025 Essential Sydney Cafes and Bakeries.

“It’s one of the best streets in Redfern and it’s tightly controlled,” Marano said.

A three-bedroom flat in Coogee, 300 meters from the beach, has sold for $2,365,000 after the successful buyer made a final bid against them.

bid for 27/10 Iskender Street the house opened at $1.9 million due for future downsizing, and a newly single mother of two vied for the renovated property in the classic yellow brick building.

After bids dropped to $2.33 million, the local downsizer made a final bid of $30,000 against them to secure the property, which had a reserve of $2.2 million. The guide was $2 million.

There is no legal requirement for a seller’s reserve to match their property’s price guide.

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Ray White Eastern Beaches sales representative Ty Demirezen said it was a good result in an otherwise stagnant market. A similar flat closer to the beach on nearby Arden Street sold less than a week ago for $2.24 million.

“This property is a bit out of place,” Demirezen said. “We were expecting $2.15 million, but competition was fierce. The rest of the market is definitely slowing down. We’re seeing fewer off-market transactions. Buyers are getting better value.” [properties] Go to the market.”

Demirezen said the seller was a widow who had lived there for more than 20 years, but could no longer climb the stairs due to mobility issues.

A 5-bedroom, 2-storey beach house located on Bilgola Beach was sold at auction for $6.1 million after the seller’s bid of $6 million.

Completely renovated deceased property 13 Serpentine It had attracted strong interest from a holidaymaker and an owner/occupier approaching auction day, but no one in the crowd of 20 bids.

Amy Young, of Laing + Simmons Young Property, said international uncertainty and talk of a new rate hike had shaken buyer confidence.

“It’s sitting on buyers’ hands,” he said.

But he said the market will adjust to the news cycle within a few weeks.

“More than half of our marketplace has no mortgage but war news [in the Middle East] “It’s shaking people up,” Young said. “We’re in an adjustment period right now, and buying conditions are outstanding.”