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By Matt Bell
A rundown house at 39-41 Excelsior Ave in Castle Hill has sold for $3,332,500.
An original Castle Hill house with a crumbling, murky swimming pool has sold at a virtual auction for almost $1 million above the reserve price.
The Excelsior Ave property on a rare 1884sqm parcel was the centre of an epic bidding war that saw the auction drag out for well over an hour.
A total of 39 buyers registered to take part in the auction of the unusual corner block property with a 75m frontage that was being for the first time in 56 years.
The property took 72 minutes to sell at auction.
The bidders were watched on by a virtual crowd of 211 people streaming the auction via Auction Now. It took just a handful of bids for the property to surpass the reserve of $2.42 million.
Auctioneer Stu Benson fielded a whopping 147 bids throughout the 72 minute auction before it sold for $3,332,500 — $912,500 above the reserve.
The sale of 2.1ha estate at 58A Annangrove Rd also took more than an hour to complete with
130 bids traded during the virtual sale.
Listed with Lumby Hampson’s Will Hampson and Kate Lumby, it was the third most expensive property to sell in the semirural suburb this year.