Cottage in blue chip suburb sells for stunning entry level price

first_imgThe property last sold about 20 years ago.Auctioneer Paul Curtain, who’s also Place Estate agents joint managing director, said the entry-level property had all the fundamentals for Paddington, including great location, across the school, and the smaller block size opened it up to more buyers.“Because it’s on smaller block of land, what it does is it give somebody an opportunity to get into this market at the entry level price.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 The home has been tenanted for the past 14 years.Bidding opened at $400,000, before jumping to $450,000, $475,000 and then half a million dollars. It then jumped in $10,000 lots until it his $570,000, during which two more bidders registered. When the bids hit $590,000 it jumped in $5,000 lots until $615,000 before two final bids were made at $617,000 and $620,000. Australia’s first home buyer hotspot revealed This home is across the road from Milton State School.“I couldn’t tell you just yet (how much the renovation will be). We have to have the architect take a look, see what she can do and what we can do with council restrictions.”Agent Alex Rutherford of Place New Farm said six bidders registered, including two late registrations, with two out of state bidders. More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago Paddington residents Roze and Sash Markovski sealed a $620,000 deal in a suburb where the median is over $1m. Picture: Sophie FosterPaddington residents Roze and Sash Markovski had “been looking for a while” before they spotted the property two weeks ago.Mr Markovski said their plan was to raise the house and undertake a renovation.His wife Roze said it was the couple’s second renovation.“We will have to get our development approval and that can take six months. So once they’re through then we’ll start the work. This home at Baroona Road, Paddington, sold for $620,000 on Saturday.A workers cottage in a milliondollar blue chip location sold for about 60 per cent of the suburb’s median price in an auction that had people signing up as bids were running.An overjoyed Brisbane couple emerged as the new owners of the property in Baroona Road, Paddington, on a winning bid of $620,000 — which is about 60 per cent of the suburb’s median price ($1.05m).The home sits across the road from Milton State School and was on the market for the first time in about 20 years.center_img MORE: Biggest home sales of 2018/19 The crowd spilled onto the pavement at the auction. Picture: Sophie Foster“Fifty-four groups came through which is not bad because the block size is 274sq m. It’s the smallest block I’ve sold,” she told The Sunday-Mail. Demand for workers cottages was strong, with families and developers both on the hunt.“They are really hard to find. If we had been on a 405sq m block, we probably would have had 25 bidders.” New owner Roze Markovski plans to undertake a major renovation of the property, with husband Sash. Picture: Sophie Foster“Buyers respond to auctions because they like the fact the seller is there ready to make a decision so it’s a good investment of buyers’ time,” Mr Curtain said.The house was marketed as a traditional Queensland cottage in a sought after Rosalie location, with high ceilings, polished hardwood floors, archways and VJ walls.It’s also within the Milton State School and Kelvin Grove State College catchments. FOLLOW SOPHIE FOSTER ON FACEBOOK Australia’s sexiest pool hits marketlast_img

first_imgThe property last sold about 20 years ago.Auctioneer Paul Curtain, who’s also Place Estate agents joint managing director, said the entry-level property had all the fundamentals for Paddington, including great location, across the school, and the smaller block size opened it up to more buyers.“Because it’s on smaller block of land, what it does is it give somebody an opportunity to get into this market at the entry level price.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 The home has been tenanted for the past 14 years.Bidding opened at $400,000, before jumping to $450,000, $475,000 and then half a million dollars. It then jumped in $10,000 lots until it his $570,000, during which two more bidders registered. When the bids hit $590,000 it jumped in $5,000 lots until $615,000 before two final bids were made at $617,000 and $620,000. Australia’s first home buyer hotspot revealed This home is across the road from Milton State School.“I couldn’t tell you just yet (how much the renovation will be). We have to have the architect take a look, see what she can do and what we can do with council restrictions.”Agent Alex Rutherford of Place New Farm said six bidders registered, including two late registrations, with two out of state bidders. More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago Paddington residents Roze and Sash Markovski sealed a $620,000 deal in a suburb where the median is over $1m. Picture: Sophie FosterPaddington residents Roze and Sash Markovski had “been looking for a while” before they spotted the property two weeks ago.Mr Markovski said their plan was to raise the house and undertake a renovation.His wife Roze said it was the couple’s second renovation.“We will have to get our development approval and that can take six months. So once they’re through then we’ll start the work. This home at Baroona Road, Paddington, sold for $620,000 on Saturday.A workers cottage in a milliondollar blue chip location sold for about 60 per cent of the suburb’s median price in an auction that had people signing up as bids were running.An overjoyed Brisbane couple emerged as the new owners of the property in Baroona Road, Paddington, on a winning bid of $620,000 — which is about 60 per cent of the suburb’s median price ($1.05m).The home sits across the road from Milton State School and was on the market for the first time in about 20 years.center_img MORE: Biggest home sales of 2018/19 The crowd spilled onto the pavement at the auction. Picture: Sophie Foster“Fifty-four groups came through which is not bad because the block size is 274sq m. It’s the smallest block I’ve sold,” she told The Sunday-Mail. Demand for workers cottages was strong, with families and developers both on the hunt.“They are really hard to find. If we had been on a 405sq m block, we probably would have had 25 bidders.” New owner Roze Markovski plans to undertake a major renovation of the property, with husband Sash. Picture: Sophie Foster“Buyers respond to auctions because they like the fact the seller is there ready to make a decision so it’s a good investment of buyers’ time,” Mr Curtain said.The house was marketed as a traditional Queensland cottage in a sought after Rosalie location, with high ceilings, polished hardwood floors, archways and VJ walls.It’s also within the Milton State School and Kelvin Grove State College catchments. FOLLOW SOPHIE FOSTER ON FACEBOOK Australia’s sexiest pool hits marketlast_img

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