2 weeks Ago By Alexandra Middleton
A local family paid $3,766,000 at auction on Saturday for a three-bedroom home in Deepdene they plan to demolish, beating out five other bidders in a competitive sell-off. Bidding for 11 Campbell Road started with a $3.2 million offer placed by a seven-year-old girl, whose nearby parents gave her the go-ahead.
“Because she had her parents with her, I decided to accept the bid,” Kay and Burton auctioneer Scott Patterson said. Patterson then placed a vendor bid of $3.25 million and a second bidder entered the race with a $50,000 rise.
A competitive auction ensued between six parties, all families with plans to knock down the 1980s residence and build luxury homes. The home, listed with a price guide of $3.2 million to $3.
5 million, was declared on the market at $3.48 million and bidding escalated from there. Six parties placed bids for 11 Campbell Road, Deepdene, which sold for $3.
776 million at auction on Saturday. Credit: Kay and Burton Patterson said he counted more than 100 bids throughout the auction, with the ultimate buyer placing just two of those, including the final bid of $1000 which secured him the property. With an 18.
2-metre frontage and a prime location near private schools, Patterson said there was such strong interest from buyers that he brought the auction forward by two weeks..
