The buyer bought a small terrace for US$2.18 million and saw it for the first time 10 minutes before the auction

This small terrace is only 49 square meters, but last night, a buyer who saw it for the first time at an auction bought it for millions of dollars.

With the emergence of the “Papa and Mom Bank”, the DINKs and wealthy layoffs showed interest in the carefully decorated two-bedroom house here. 23 Queen’s Road, Paddington, Evan Williams of Ray White TRG has advanced the auction from June 8.

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“We think he is dragging our legs because it hasn’t even been listed for a week,” said John Vaccaro and his wife Sabrina, the owner and country manager of the International Trade Management Corporation.

But they were very happy to accept this proposal. It was priced at 2.18 million US dollars, which was US$ 230,000 higher than the reserve price.

After the recent Reno, it is compact but cute.

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The bathroom is super stylish.

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The couple bought it for $280,000 27 years ago, but it has recently undergone a stylish renovation.

Under the auspices of auctioneer Damien Cooley, the final buyer (sources said the local veterinarian knew it was on the market, but didn’t see it until before the auction), opened the bid for $1.9 million.

This is already $100,000 higher than the guide price of $1.8 million.

Three of the five people competed and bid quickly, initially in increments of $25,000, then $10,000 and $5,000.

Cooley said the strong results show that many sellers are hurting themselves by accepting offers in advance.

The master bedroom leads to the front balcony.

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“This is Evan’s masterpiece,” he said.

“Many agents hold Dutch auctions privately and sell them in advance, but they should advance the auction date.

“The market is so hot, people don’t want to wait, but auctions are the most transparent way and the best way for owners to sell. Buyers also like it because they compete in an open environment.”

Williams said that the same price could not be reached in previous negotiations.

“It is sold at a record price per square meter of Paddington,” he said.