Kingsford Apartment Sells $130,000 Above Reserve in Competitive Auction Setting.

In the presence of some of the most horrific weather conditions seen for Saturday’s Auction markets, Sales Executive Josh Ellison & Director Raylean Ellison secured a strong sales result at 3/56 Wallace Street, Kingsford selling $130,000 over reserve under the hammer.  

The apartment was an updated two-bedroom apartment in a boutique art deco block of four. It presented two large bedrooms, open plan living/dining, updated kitchen, and bathroom with an additional exclusive use outdoor grassed area.

Lead agent Josh Ellison explained that the apartment had strong interest from the first open home, issuing a total of 19 contracts to which led him to bring the auction forward one week. On auction day, the apartment had a total of 9 registered parties, with 7 actively bidding on the floor. “The bidding opened at $900,000, and within less than a few minutes the property was selling at $1,080,000” Ellison explained.

Wallace Street was one of the 593 successful auction results across Sydney on Saturday March 20 presenting a clearance rate of 91% according to

If you are considering selling your apartment/home or would be interested in getting an up to date appraisal please contact Josh Ellison on 0452 495 996 or Raylean Ellison on 0411 571 909.

Successful Purchasers On Saturday

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