Hoarders’ house in Roseville Chase sells for $263k above reserve (original) (raw)

17 Lockley Pde, Roseville Chase, is close by Roseville Marina

A HOARDERS’ house in Roseville Chase has sold for 1,763,000—1,763,000 — 1,763,000—263,000 above reserve — in an exciting auction that attracted 12 registered bidders today.

The result was one of the few outstanding ones. There were 612 auctions scheduled for today but by tonight agents had provided CoreLogic with just over half of them (341) for a preliminary clearance rate of 52.49 per cent.

At Roseville Chase, the “totally unrenovated” five-bedroom deceased estate on 1100sqm at 17 Lockley Pde was described as a “worst house, best street opportunity” in its realestate.com.au advert.

The property is close by Roseville Marina and waterfront parks.

The advice that the property had to be sold because of a court order probably helped entice buyers, too.

A mother, daughter and previously grandparents had been living there for nearly a century. The mother and her husband had been collecting items for decades, so the home and yard was full of rubbish.

Skip bins full of rubbish at 17 Lockley Pde, Roseville Chase

But Raine & Horne Neutral Bay’s Shabina Kamal said this would be removed before the new owners took possession.

The sale was prompted by the mother’s death.

Bargain hunters headed to the 12.15 auction from throughout the upper north shore but also other parts of the city.

With auctioneer Vic Lorusso presiding, and just four of the 12 registered parties active, bidding started at 1.4millionandinitiallyrosein1.4 million and initially rose in 1.4millionandinitiallyrosein50,000 increments before dropping down to 5000s,5000s, 5000s,10,000s and finally $1000s.

There were a total of 43 bids.

The view of the property from the street

Although it attracted a range of builders and developers, it was a young family from the inner city who were the successful purchasers.

The underbidders were a family from the local area.

Ms Kamal said the plan was to knock down the old home and rebuild.