oc | Friday 6th December

5 Selwyn Street, CANTERBURY


5 Selwyn Street, CANTERBURY

1
After Auction
1610000
1
BOUGHT* RANGE - $1,532,720 - $1,708,210
An interesting auction, this one. 5 Selwyn Street (listed by Stuart Evans) is a great property renovate (I thought), having sound property fundamentals (i.e. things you can't change) in place. In front of around 50 people, auctioneer Hamish Tostevin gave a thorough introduction then when no opening bids were forthcoming, announced a vendor bid of $1,400,000, looking for $20,000 rises. It didn't take too long for bidder 1 to come to the fore and offer this, then bidder 2 joined in the fun not long after. Bidding continued quite solidly in $20,000 increments until at $1,530,000 it was broken down. Further breakdown bids come into play and bidder 2 is losing puff - he offers $1,565,000 then is trumped smartly by the original bidder who offers $1,575,000. Property passed in at that level; pretty good buying close to the that, I thought. Sold after for an undisclosed amount.
2
Saturday 15 September 2012, 11:30am
Hamish Tostevin, Marshall White
Stuart Evans, Marshall White
$1,500,000
$1,400,000(Vendor Bid)
$1,575,000
After Auction
2
50
Expected/Normal


Adam Woledge
Value is determined by you. Price is determined by negotiation. At James they're often very different.
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