First-timers outbid investors

Date: 23 August 2013

A young couple beat investors to secure a three-bedroom Werrington County property last weekend. Stavroula Nicholls reports reports.

Interested buyers came from as far away as the northern beaches to the auction of 8 Shortland St, Werrington County, last week.
The three-bedroom home was host to a crowd of 70 people and six parties registered to bid.

Listing agent Peter Stanford of LJ Hooker Penrith said that two parties, who were looking at the property for investment purposes, were knocked out early in the proceedings.

“Bidding was at a high standard in terms of where it started in the early-to-mid $300,000s and it went up in $5000 and $10,000 lots. It was a nice change to auctions out here,” Mr Stanford said.

Werrington County locals Bradley Hansen and Jessica Grant put in the winning bid of $385,000.
They were extremely pleased with their first home purchase, Mr Stanford said.

TOP SELLER A renovator’s delight on 2ha of prime land was the region’s top seller this week.

Sharon Mudiman of Glenmore Park First National sold the rural parcel at 347 Fairlight Rd, Mulgoa, for $900,000.

The original single-level home has four bedrooms and a study with separate living and dining rooms.

Exterior features include a large dam, machinery shed and 53,000-litre underground water tank.

RP Data revealed that only two properties sold on Fairlight Rd last year including No.420, a 3.36 ha holding which sold for $1.55 million.

First National Real Estate Glenmore Park

Source: Penrith Press, Sydney 23, Aug 2013
Back to articles Filed under: Media / NSW News Tags: first national real estate glenmore park, sharon mudiman
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