SOLD $872,500
Mortdale
11 Universal Street
2 bedrooms, 1 bathroom, 0 car spaces

More than 20 parties registered to bid on this tightly held deceased estate on a 220-square-metre block. The bidding started at $500,000 and, while only six parties bid, it quickly surpassed the $650,000 reserve. A local investor snapped up the cottage, built in the 1930s, which was sold through Stefan Bujak of Harcourts Georges River. The home was inspected by almost 100 groups, with the majority planning to extensively renovate it or knock it down.

See more at: domain.com.au/2013517446

Quarterly house price report