Iconic homes in good standing sold at auction in Sydney on Saturday, with the majority exceeding their price expectations.
An Inner West icon in Glebe, also known as ‘The Cow House’, sold under the hammer for $2.95 million.
With three registered bidders and two active bidders, the auction was led by auctioneer Tim Snell of Ray White.
Detective Chief Constable Matt Carvalho of Ray White Surry Hills said the house was well known to many local residents.
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28 Forsyth Street, Glebe, also known as ‘The Cow House’, sold for $2.95 million
“It used to be a milk bar and some of the owners recently converted it into a house and painted a cow on the front door and a few cow prints around parts of the house,” he said. “It is known as ‘The Cow House’.
“Very often you see people putting photos on the front.”
The sellers bought it from Mr Carvalho in 2021 for the same price as the eventual buyer’s opening bid of $2.8 million.
“It was the first auction to come out of the second Covid lockdown,” he said.
“I think what’s special about this house is that there aren’t many houses in Glebe with roof terraces, so having one is a huge draw.”
Mr Carvalho said the roof was a huge draw
It was a fairly quick auction that went from the opening bid to $2.9 million, followed by a bid of $250,000 as negotiations took place to bring it to the highest and final price, with about 25 people in attendance.
“I’ve sold it twice now and it always appeals to creatives, it’s such a unique space.”
The buyer Amanda Meares is an artist who said she thought the house was very cute from the start.
“It’s historic, tall and has a lot of light,” she said.
“I like the industrial feel.
“I’m not sure about the cow. I think I might turn the animal into a cat, or maybe a dog or a horse.
“It could be ‘The Cat House’.”
Ms Meares said she was looking for a house in the area.
“I love the environment, you feel like you’re in the city,” she said.
“There’s the fish market and the water, we can take the ferry.”
Ms Meares said this was not the first time she had bought at auction.
“We like it more, we like the transparency and we feel like we’re getting a fair price,” she said.
“With the other method you never know.
“You also meet all the neighbors when they come to watch the auction.
“Everyone was so friendly and they have already invited us for a cup of coffee.”
60 Cripps Avenue, Kingsgrove sold for $215,000 above its reserve
At 60 Cripps Avenue, a house sold $215,000 over its $1.85 million reserve.
An opening bid of $1.8 million ended with a final price of $2.06 million.
The house, located in Kingsgrove, was purchased by the sellers in the late 1970s.
Agent Gina Alexiou of McGrath Beverly Hills said she had sold a few properties in the area of similar value.
“Having the only street for a resident and the three double bedrooms and double garage were a big highlight,” she said.
12 Ward Street, Yagoona sold for $106,000, on top of $1.2 million reserve
To the southwest, 12 Ward Street sold for $106,000, in addition to its $1.2 million reserve.
With eight registered bidders, the Yagoona house had been the same family for more than 70 years.
“The sellers, two sisters, were delighted with the outcome,” said senior constable Craig Stephenson, of Ray White Bankstown.
“The winning bid went to an investor who may want to add a granny flat.”
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Another south-west home at 12 Beamish Street sold for $1.93 million after a guide price of $1.6 million.
“We had around 10 registered bidders and about five were active,” said agent David Loaney of LJ Hooker Padstow.
“The main attraction was the 18-metre-long facade,” he said.
“It’s a very tight street.”
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