Latest news with #VanessaKim
Scottish Sun
a day ago
- Business
- Scottish Sun
Defiant homeowner secures HUGE 7-figure price for run down 2-bed with outside toilet… after skyscrapers built around her
Its owner had long resisted developers' attempts to transform the suburb SHACKED UP Defiant homeowner secures HUGE 7-figure price for run down 2-bed with outside toilet… after skyscrapers built around her AN AUSTRALIAN homeowner has finally agreed to sell her run down old house after years of defiantly holding out against developers. The single story home in Rhodes, Sydney was the last of its kind in an area now dominated by towering modern apartment blocks. 6 More than 150 people came to the auction on Saturday Credit: Strathfield Partners - Strathfield 6 The single story home in Rhodes was the last of its kind in an area now dominated by towering modern apartment blocks Credit: Strathfield Partners - Strathfield 6 The owner had demanded an eye-watering sum of $20 million for the 676sqm block Credit: Strathfield Partners - Strathfield Its owner had long resisted developers' further attempts to transform the suburb into a more densely populated area. Over the years, she has demanded an eye-watering sum of $20 million for the 676sqm block - which still has an outdoor toilet. But after a long time as the area's final holdout against developers, the owner is letting go of the property for an immense profit. More than 150 people came to the auction on Saturday, with bidding starting at $6 million. The price for the sought-after block continued to climb until it hit the final sale price of $8.15 million. Selling agent Vanessa Kim told Daily Mail Australia: "We thought it would go for between $7 milllion and $7.5 million and the important thing was we got a really good price. "There were so many buyers there, but it was a bit like hide-and-seek among them in the crowd. "It was the only house like that in the street so it was a lonely project but we sold it for an unbelievable price." Back in 2022, the house was leased for $900 per week - with the owner not budging on the $20 million asking price despite high interest from developers. The property has just two bedrooms and one bathroom, but it is the land's redevelopment potential that saw it draw so much interest. Missing teen swept out to sea is found stranded on remote uninhabited island miles from shore The owner is understood to hold a multi million-dollar housing portfolio across Sydney. The site could be transformed into as many as 14 apartments, a gym, daycare centre or a pub, Daily Mail Australia has reported. Kim told the paper the advice she shared with the owner to help boost its auction price. "It's a winter market which means there's not as many properties on the market but I mentioned to the owner that the best time was to sell was in the winter. "There's not so many properties on the market but in spring it's flooded. "When there's too many properties on the market, people have a lot of choices." The owner previously sold a house in Strathfield to developers back in 2016 for $2.7 million. She also sold two other units in Rhodes for $370,000 and $540,000. The owner had hoped to land a final sale price of $9 million, but reserve was set at $8 million. "It's not a normal house, it has a lot of potential," Kim added. "We had several inquiries for a lot of future development." 6 The owner had hoped to land a final sale price of $9 million Credit: Strathfield Partners - Strathfield 6 The owner is understood to hold a multi million-dollar housing portfolio across Sydney Credit: Strathfield Partners - Strathfield
The Sun
a day ago
- Business
- The Sun
Defiant homeowner secures HUGE 7-figure price for run down 2-bed with outside toilet… after skyscrapers built around her
AN AUSTRALIAN homeowner has finally agreed to sell her run down old house after years of defiantly holding out against developers. The single story home in Rhodes, Sydney was the last of its kind in an area now dominated by towering modern apartment blocks. 6 6 6 Its owner had long resisted developers' further attempts to transform the suburb into a more densely populated area. Over the years, she has demanded an eye-watering sum of $20 million for the 676sqm block - which still has an outdoor toilet. But after a long time as the area's final holdout against developers, the owner is letting go of the property for an immense profit. More than 150 people came to the auction on Saturday, with bidding starting at $6 million. The price for the sought-after block continued to climb until it hit the final sale price of $8.15 million. Selling agent Vanessa Kim told Daily Mail Australia: "We thought it would go for between $7 milllion and $7.5 million and the important thing was we got a really good price. "There were so many buyers there, but it was a bit like hide-and-seek among them in the crowd. "It was the only house like that in the street so it was a lonely project but we sold it for an unbelievable price." Back in 2022, the house was leased for $900 per week - with the owner not budging on the $20 million asking price despite high interest from developers. The property has just two bedrooms and one bathroom, but it is the land's redevelopment potential that saw it draw so much interest. Missing teen swept out to sea is found stranded on remote uninhabited island miles from shore The owner is understood to hold a multi million-dollar housing portfolio across Sydney. The site could be transformed into as many as 14 apartments, a gym, daycare centre or a pub, Daily Mail Australia has reported. Kim told the paper the advice she shared with the owner to help boost its auction price. "It's a winter market which means there's not as many properties on the market but I mentioned to the owner that the best time was to sell was in the winter. "There's not so many properties on the market but in spring it's flooded. "When there's too many properties on the market, people have a lot of choices." The owner previously sold a house in Strathfield to developers back in 2016 for $2.7 million. She also sold two other units in Rhodes for $370,000 and $540,000. The owner had hoped to land a final sale price of $9 million, but reserve was set at $8 million. "It's not a normal house, it has a lot of potential," Kim added. "We had several inquiries for a lot of future development." 6 6 6
The Irish Sun
a day ago
- Business
- The Irish Sun
Defiant homeowner secures HUGE 7-figure price for run down 2-bed with outside toilet… after skyscrapers built around her
AN AUSTRALIAN homeowner has finally agreed to sell her run down old house after years of defiantly holding out against developers. The single story home in Advertisement 6 More than 150 people came to the auction on Saturday Credit: Strathfield Partners - Strathfield 6 The single story home in Rhodes was the last of its kind in an area now dominated by towering modern apartment blocks Credit: Strathfield Partners - Strathfield 6 The owner had demanded an eye-watering sum of $20 million for the 676sqm block Credit: Strathfield Partners - Strathfield Its owner had long resisted developers' further attempts to transform the suburb into a more densely populated area. Over the years, she has demanded an eye-watering sum of But after a long time as the area's final More than 150 people came to the auction on Saturday, with bidding starting at $6 million. Advertisement read more in world news The price for the sought-after block continued to climb until it hit the final sale price of $8.15 million. Selling agent Vanessa Kim told Daily Mail Australia: "We thought it would go for between $7 milllion and $7.5 million and the important thing was we got a really good price. "There were so many buyers there, but it was a bit like hide-and-seek among them in the crowd. "It was the only house like that in the street so it was a lonely project but we sold it for an unbelievable price." Advertisement Most read in The US Sun Back in 2022, the house was leased for $900 per week - with the owner not budging on the $20 million asking price despite high interest from developers. The property has just two bedrooms and one bathroom, but it is the land's redevelopment potential that saw it draw so much interest. Missing teen swept out to sea is found stranded on remote uninhabited island miles from shore The owner is understood to hold a multi million-dollar housing portfolio across Sydney. The site could be transformed into as many as 14 apartments, a gym, daycare centre or a pub, Daily Mail Australia has reported. Advertisement Kim told the paper the advice she shared with the owner to help boost its auction price. "It's a winter market which means there's not as many properties on the market but I mentioned to the owner that the best time was to sell was in the winter. "There's not so many properties on the market but in spring it's flooded. "When there's too many properties on the market, people have a lot of choices." Advertisement The owner previously sold a house in Strathfield to developers back in 2016 for $2.7 million. She also sold two other units in Rhodes for $370,000 and $540,000. The owner had hoped to land a final sale price of $9 million, but reserve was set at $8 million. "It's not a normal house, it has a lot of potential," Kim added. Advertisement "We had several inquiries for a lot of future development." 6 The owner had hoped to land a final sale price of $9 million Credit: Strathfield Partners - Strathfield 6 The owner is understood to hold a multi million-dollar housing portfolio across Sydney Credit: Strathfield Partners - Strathfield 6 The property has just two bedrooms and one bathroom Credit: Strathfield Partners - Strathfield Advertisement
Daily Mail
a day ago
- Business
- Daily Mail
Crappy two-bedroom home sells for $8million in Sydney
A crappy two-bedroom home has been sold for more than $8million in Sydney. But it's not the home buyers were interested - with the 676 sqm block could house 14 apartments, a pub, a fitness centre or a daycare. The 16 Walker Street home in Rhodes, 12km west of the Sydney CBD, attracted a crowd of 150 to Saturday's auction which got competitive. 'We thought it would go for between $7milllion and $7.5million and the important thing was we got a really good price,' selling agent Vanessa Kim told Daily Mail Australia. 'There were so many buyers there, but it was a bit like hide-and-seek among them in the crowd. 'It was the only house like that in the street so it was a lonely project but we sold it for an unbelievable price.' The bids started at $6million and went up in increments of $25,000 and $20,000 to $7.2million. It went up in $10,000 bids to $8million, before eventually being sold for $8,150,000. The two-bedroom, one-bathroom property was the last freestanding home on a street filled with high-rise apartments. Ms Kim, who is an award-winning real estate agent at Strathfield Partners, gave the owners a key piece of advice to ensure the bidding became more competitive. 'It's a winter market which means there's not as many properties on the market but I mentioned to the owner that the best time was to sell was in the winter,' she said. 'There's not so many properties on the market but in spring it's flooded. When there's too many properties on the market, people have a lot of choices. 'I said to the old owner, "you must sell in winter and we'll get a top dollar".' The demanding owner was hoping to get $9million however as an $8million reserve was set. 'It's not a normal house, it has a lot of potential,' Ms Kim said. 'We had several inquiries for a lot of future development.' The home last sold in 2017 for $978,000 and before that, it was bought for $1.7million in 2012. The property is so old that it still has a small outhouse in the backyard, but it has had some work done to it. Developers have had their eyes on the property for some time now as it sat squashed in between high-rise buildings. In 2022, it was leased for $900 per week and at the time the elderly owner refused to sell her humble home to developers for less than $20million – even while neighbours labelled her home an eyesore. She had reportedly fought against property giant Billbergia, who started construction on Rhodes Central a few years prior, to stop building unit blocks around her property. It is understood she lost that bid.
News.com.au
2 days ago
- Business
- News.com.au
Homeowners who resisted offers from developers get staggering price
Homeowners in prime construction spots who pushed back against advances from developers eager to buy their land are getting rewarded with stellar prices when they finally decide to list. A Sydney homeowner who held off selling for many years before finally deciding to list this year has become the latest to finally cash in, with their modest two-bedroom home in Rhodes selling at auction last Saturday for an eye-watering $8.15 million. The property in Sydney's northwest had been under the watchful eye of developers for years, being the only remaining freestanding home on the apartment-lined Walker St. It is the latest of a string of Sydney sellers to be rewarded for being patient and resistant to the advances of property developers. Strathfield Partners selling agent Vanessa Kim told media that the owner of the home at 16 Walker St held onto the home for many years before deciding to sell. 'It's a long time she stayed over there,' she said. 'She got several offers before, but she always refused.' A crowd of 150 attended the auction, with eight registered bidders and five bids placed for the property. Bidding began at $6 million, rising to the eventual sale price of $8.15 million. Ms Kim revealed that the buyer may turn the block into a hotel business. Rhodes has undergone significant development in recent years, with freestanding houses making way for high density living. Only eight houses have sold in Rhodes in the past 12 months. Units in the area now rent out for $915 a week on average, up 7.6 per cent from June last year. MORE: 'Enormous': Sydney boom suburbs revealed The sale is the latest example of a Sydney family scoring a high sales price after holding out against the offers of developers. It comes two years after a Quakers Hill family made headlines for declining to sell their 20,000 sqm parcel of land for $50 million to developers who had purchased all the land around them. In another incident, in April, Sydney business owners Jacqui and Dal Akers finally sold their 1.21ha property at auction for $5.5m – $2.2m above its price guide – after years of resisting developer interest.
