Local family wins home they've dreamed of buying in record sale

A family in Gordon Park has bought a home they've long-admired in a neighbouring street, making a record sale for the suburb. FOLLOW AUCTIONS LIVE

40 Aberdeen Terrace, Gordon Park

A family in Gordon Park has bought a home they've long-admired in a neighbouring street, making a record sale for the suburb.

The sellers of 40 Aberdeen Tce had lived in the six-bedroom, three-bathroom home for two decades. Now ready to downsize, they put the recently renovated property up for auction on Saturday, August 27.

Sitting on a corner with Huntly St, the high elevation of the entrance hides the three levels of luxury behind its gates, including a pool, basketball court and a private garden patio.

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7 registered bidders attended the auction, in a suburb with a median property price of $2.3 million.

With Gordon Park's previous record price at $2.8 million, the opening bid of $3 million already beat the record by hundreds of thousands of dollars.

Four active bidders competed to help that number go up, with $100K bids increasing the price to $3.6 million.

Bidding began to slow after $3.65 million, with a pause at $3.75 million to consult with the highest bidders.

After negotiation, the property was put on the market at $3.95 million, and was then sold to the winning bidders.

The starting bid for the property was already higher than record prices in the suburb.

Ray White Wilston agent described the auction as incredibly successful, with the new record over $1 million over Gordon Park's previous best.

"To have seven registered bidders at a price point close to 4 million is very positive, shows how strong the market is," he said. "It shows you how much demand there is for good quality homes."

The winning buyers were a local family who had been walking past the home for ten years, and imagined what it would be like to live in it. Mr Parker said the sellers were thrilled to give the home to the happy family.

"[The winners have] always walked past it and loved it, and always thought if it came up for sale they’d buy it,” he said. "It's their dream home."

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Originally published as Local family wins home they've dreamed of buying in record sale

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