Humble red-brick Sydney home sells for $600,000 over the reserve for $4million

What $4million looks like today: Why this humble Sydney home sold for $600,000 over the reserve

  • The one-storey home in Rodd Point, in Sydney’s inner-west, sold for $4million 
  • The red-brick home sits behind Nield Park and has waterfront and city views
  • Home is also metres away from the popular Bay Run and has two bedrooms

A single-storey red brick home has sold for a staggering $4million, a whopping $610,000 over the reserve price.

The sale of the humble two-bedroom home on Nield Avenue in Rodd Point, Sydney’s inner west, exceeded the owner’s expectations thanks to its waterfront location and city views. 

With the popular Bay Run also just a stone’s throw away, the home was a rare find for many families looking to settle down with 25 bidders turning up at the auction on the weekend.

A single-storey home on Nield Avenue, in Rodd Point, sold for $4million over the weekend

The two-bedroom home sits behind Nield Park and as well as having waterfront views, is also just metres away from the popular Bay Run

The two-bedroom home sits behind Nield Park and as well as having waterfront views, is also just metres away from the popular Bay Run

Real estate agent Jim Piper from Time Realty told Daily Mail Australia the sale was ‘totally unexpected’.

‘It totally blew everyone away. I can’t explain it,’ he said.

‘It was a good guide about what’s happening in the market at the moment.’

The house, which is surrounded by multi-storey estates, offers a lot of room for renovation or a second level.

The home had been built by its previous owners who lived in the dwelling for 70 years

The home had been built by its previous owners who lived in the dwelling for 70 years 

‘It was a much loved home built by the previous owners who lived there for 70 years,’ Mr Piper said.

‘There was a lot of emotion with the sale – it was just great for them.’

Mr Piper said another key selling point of the home was how close it is to the city as well as nearby cafes and restaurants.

One of the first bids for the 567sqm home came in at $3million.  

The house has room for renovation as well as a second storey. The quaint kitchen featured retro cabinetry and linoleum floors

The house has room for renovation as well as a second storey. The quaint kitchen featured retro cabinetry and linoleum floors

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