Despite a packed house and a $5m bid, the sale of this sought-after state-of-the-art home didn't go ahead. 👇
Despite the strong bids placed throughout the auction, the Double Bay property failed to sell. Picture: Adam Yip
“The market is generally good, but there are properties that don’t sell on the day and this was unfortunately one of those.”A property that had been in the family for three generations has sold under the hammer for $116,000 above its reserve price.The three bedroom and one bathroom property at 43 Prospect St Erskineville had been the former home of a professional boxer named Young Fargo – who fought in 262 fights.
“Almost all the bidders were builders, but the highest bidder was an investor who saw it for the first time on Thursday night and is going to do it up and rent it out,” Mr Stoker said.
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