A semi with two bedrooms with parking in a bustling inner -city suburb of Sydney was picked up in less than two weeks and sold for half a million dollars more than his previous selling price just two years ago.
The real estate in Newtown at 12 Alice Avenue had undergone a small renewal, but no major renovations, which shows the value of a well -presented house at a desired location.
Off-Street Parking is very desirable in the bustling Newtown. Photo: realestate.com.au/sold
But the sales agent Kate Ferrante of Adrian William Real Estate said that there was still a crucial factor behind the strong result. She spoke with realestate.com.au to unpack, so this house was sold.
The real estate: A two bedrooms, a bathroom with one bathroom with one car at 12 Alice Avenue, Newtown, NSW 2042. It sold at an auction for $ 1,840,000 on September 16, 2025.
Built in 1910 and set on a block of 158 m², the semi-detached house is filled with historic charm and has a versatile garden studio, all steps inside to the bustling, restaurant-filled King Street and Marrickville Metro.
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Kate Ferrante from Adrian William Real Estate. Image: delivered
Snapshot in the suburb: The median price for a house with two bedrooms in Newtown was $ 1,650,000 in August according to Proptrack data.
The median house price of Newtown has risen by 9.1% to $ 1,910,000 million in the last 12 months. Units have risen 7.4% to $ 838,000.
What is the most interesting thing about this sale?
We noticed two things: the shortage of stock at that time and the rare benefit of Off-Street Parking. Both motivations in the great value in competitive Newtown.
How long was it property on the market?
The house was only on the market for 12 days before sold under the hammer. For comparison: realestate.com.au, the average days on the market is 41 days.
What was the first feedback you received from potential buyers?
Early feedback was aimed at the lounge area that felt small, but buyers consistently noticed about the attractive facade of the building and the overall presentation. The initial price expectations circled on the range of $ 1.6 – $ 1.7 million.
Did you use the previous selling price as a reference point when you spoke with potential buyers?
We were completely transparent about the history of the property, including the previous selling price and the reasons of the sellers to move. However, our focus was on emphasizing the current value of the house, the improvements and the strength of the local market.
What brought the “renewing” that the owners had?
The owners invested in meaningful upgrades: a new kitchen and terraces to maximize the back garden.
After: The updated kitchen leads to a new deck. Photo: realestate.com.au/sold
Before: the house sold for $ 1,342 million in February 2023.
Prior to the campaign, we also renewed the interior with new carpet in the bedrooms and a complete repainting, so that the real estate is presented at its best.
How do you think it contributed to the final selling price?
The building was really turnkey: modern, low in maintenance and located in a desired street. Buyers could come in with nothing to spend, which is a strong engine of bidding at an auction.
Were you surprised by the result?
It was certainly a striking result.
After: fresh carpet in the bedrooms and new paint everywhere.
FOR. Photo: realestate.com.au/sold
Given the suppliers bought the house for $ 1.34 million in 2023, the reach of $ 1.84 million within such a short period of time emphasizes both the strength of the Newtown market and the quality of the presentation.
What kind of buyers did you see at the open houses?
We mainly saw interest from couples and young families who already live in or around the area. Buyers who acknowledged the lifestyle and convenience that it offered real estate.
How many parties have registered to offer or make an offer?
We had three serious parties in the game prior to the auction, each competing strongly in front of the house.
Are there future predictions for the area?
I would say that this result reflects the strong question that we now see in Newtown. Houses with two bedrooms, good country format and the rare benefit of parking, consistently attract strong competition.
Newtown is in a lot of application. Photo: realestate.com.au
It emphasizes how desirable the suburb has become for buyers looking for both lifestyle and long -term value.
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