Patrick Abboud has bought his loft at 5/13 Abercrombie Road, Chippendale. Image: SBS
Documentary maker and founding father of SBSâs The Feed, Patrick Abboud, has bought a
one-bedroom loft for $605,000.
The outcome for five/13 Abercrombie St in Chippendale was $55,000 over the reserve after a spirited public sale with 5 registered bidders.
Snapped up by an interior west purchaser, the sale was additionally $105,000 greater than the worth information set by Adrian Williamâs Adrian Tsavalas.
MORE: Inside Karl Stefanovicâs waterfront mansion
Peek inside this unfinished Versace palace
Sydney home with âexhibitionist ensuiteâ turning heads
An interior west purchaser paid $605,000.
Mr Tsavalas mentioned the outcome was pushed by first homebuyers who’re wanting to purchaser.
âPatrick cherished that he was in a position to cross the keys of his first property to a different first time purchaser,â he mentioned.
Mr Abboud who additionally seems on Community 10âs The Challenge, bought the property in 2010 for $337,000. In recent times it had been used as funding property, and was not too long ago listed for hire with a $495 per week asking worth.
The property had one bed room.
Additionally within the interior west, an Ashfield Californian bungalow that wanted modernising bought for $160,000 above the reserve to a younger couple.
5 bidders registered to take part in public sale for 7 Page Ave, with 4 elevating a paddle throughout the quick occasion.
Cooley Auctions auctioneer Michael Garofolo began the public sale with a gap bid of $1.2 million. He mentioned the market was seeing loads of huge outcomes in the meanwhile because of a mix of low-cost cash and a scarcity of obtainable inventory.
A younger couple bought 7 Web page Ave, Ashfield.
âIf in case you have a good residence on a good measurement block than you’ll have numerous patrons ,â he mentioned.
He mentioned all of the bidders at this public sale had been younger {couples} in search of extra space after dwelling in an condo or a townhouses.
Listed with Raine & Horne â Harmonyâs Ross Musso and Daniel Maiese, the three-bedroom property on 403sqm had loads of character appeal together with leadlight home windows, architraves and a hearth.
