Loss in Surry Hills as property investor spends $1,002,000

Loss in Surry Hills as property investor spends $1,002,000
Staff reporterMarch 3, 2019

A two-bedroom Surry Hills apartment sold last weekend for $1,002,000 to an investor.

Selling agent James Ledgerwood of The Agency Eastern Suburbs advised there were four registered bidders at the auction where bidding finished $2000 above reserve.

The vendor recorded a loss as it last sold for $1.1 million in 2016.

The loss was 10 percent plus costs.

The sale price was withheld on the listing websites.

The 36/45-49 Holt Street apartment was in the Habitat building.

Editor's Picks

First look exclusive: Polycell files Sandpiper redevelopment plans after owner buyout
Inside Melbourne's new nature-based neighbourhoods
First look: Stockwell files for new Vulture Street, West End apartment tower
From Broadbeach to Main Beach: Why local downsizers are making the move to Drew Group’s Lagoon Main Beach
SMA Projects makes downsizing easier at The Regent Fitzroy with ‘Settle When You've Sold’ initiative