Sale good sign for local property
THE sale of a house and 2.4 hectares of land in Hawker Road on Saturday created a lot of interest, according to Warwick Real Estate representative Doug Rickert.
Mr Rickert said there were nine registered bidders at the auction.
“The property was passed in on the vendor’s bid of $700,000 and sold immediately after the auction to an undisclosed buyer for an undisclosed price,” Mr Rickert said.
“The vendor is happy with the result. From the agent’s point of view, it is good to have a sale when you are still on site (after the auction).”
There is a development approved on the site for 22 lots in addition to the existing house which includes garden, workshop, pool and tennis court.
Mr Rickert said the sale of the property on the day was an indication real estate in Warwick was going well.
“The majority of prospective buyers were looking at the property for a residence with an opportunity to develop at a later stage,” Mr Rickert said.
“A property like this doesn’t come on the market every day.”