Northwood mansion smashes auction record with $9.65 million sale

6 Upper Cliff Road, Northwood. NSW. A stunning Northwood mansion has sold under the hammer for $9.65 million, eclipsing the record as the most expensive home sold at auction in the inner northwestern Sydney suburb.

According to Domain’s data , it was one of 559 auctions happening in the Emerald City and one of 1659 auctions taking place across the nation.

This auction weekend marks the first since the Reserve Bank of Australia announced it would be raising interest rates for the first time in nearly 12 years. With breathtaking views out to the harbour and Sydney’s iconic city skyline, as well as a massive 1126-square-metre parcel of blue-chip land, 6 Upper Cliff Road was poised to set records tumbling.

And, with five bedrooms, three bathrooms, a double car garage, and opulent features like a pool, elegant master suite, and a lavish open-plan kitchen, living and dining area, the two-story abode also presented as a compelling proposition as an opulent family home.

Five registered bidders took part in the sales event, which was attended by a strong crowd of curious onlookers. A maiden offer of $8.25 million was registered shortly after proceedings began, with the inaugural bidder enthusiastic about getting the auction underway.

From then until the stratospheric sale price of $9.65 million was realised, bidding continued at an uninterrupted pace, with the beautiful home eventually being secured by the keen first bidder.

According to Simon Harrison and Kim Walters of Belle Property Lane Cove, the record-breaking result was very positive, with both the buyer and sellers pleased with the outcome. Roughly 50 kilometres away in Sydney’s south, a five-bedroom, four-bathroom home in Oyster Bay sold at auction for $3.46 million.

With a contemporary construction, arresting views out to Georges River and Como Bridge and a host of benefits, 85 Green Point Road represented a perfect turn-key family home in the desirable locale.

The home’s features included a double garage, movie room, gourmet kitchen with butler’s pantry and a sizeable pool and cabana. The lead-up to the sales event of the two-story residence was also strong, with Jill Yankos of One Agency Cronulla – Caringbah telling Nine more than 70 different parties had toured the property during the campaign.

On the day, two of the four registered bidders duked it out to call the modern digs home, with bidding kicking off at exactly $3 million. The sale price then steadily rose until one of the two bidders offered $3.46 million, which was ultimately enough to secure the home, despite the vendor having to drop their desired $3.5 million reserve by $40,000.

Ms Yankos added the sale price made the attractive family home the second-most expensive non-waterfront property ever in Oyster Bay.

In the ultra-affluent suburb of Toorak in Melbourne’s inner south-east, a prepossessing two-story family home sold under the hammer for $6.805 million.

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