Kenthurst acreage with house ‘bordering on inhabitable’ sells for $6.23m

A Kenthurst acreage with a house “bordering on inhabitable” has sold $930,000 over reserve for $6.23m.

The 2.02ha parcel at 16-18 Colbran Ave listed through Guardian Realty Dural was marketed as residential land due to the house being in a state of disrepair.

Despite the house being badly water damaged from a longstanding issue with the roof, 12 bidders registered for their chance to own the property with five actively bidding.

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The reserve was set at $5.3m but three of the bidders found themselves bidding over $6m – much to the surprise of auctioneer Stu Benson.

Auctioneer Stu Benson at 16-18 Colbran Ave, Kenthurst.

“Both of our final two bidders stopped bidding numerous times, telling me they were ‘absolutely out’ before bidding again,” Mr Benson said.

“I had to remind them that the fact they were both still bidding was all the proof they needed when it came to validating its value.”

The property included fig trees on more than 2ha of land.

Selling agent Mannie Vassallo said the elderly vendor had lived in the house for the past 40 years, during which time she farmed flowers and figs.

He said she was thrilled with the result.

“She is a lovely lady,” he said. “It was a very stressful week for her leading up to the auction. Now, she is over the moon.”

Plenty of room to build a new property.

He said the new owners were a couple from the Inner West who planned to build their dream home on the land.

“They intend to knock it down and build a big, beautiful modern/country-style home.”

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