The latest batch of former housing commission homes in Millers Point, on Sydney city's doorstep, were sold last night through agent McGrath - adding $12,765,000 to government coffers.
The four properties - including terrace houses and a landmark seven-bedroom home - attracted keen interest and strong bidding, with buyers drawn to the historic appeal of the homes and their proximity to the CBD.
"The Millers Point market continues to show strength with the results reflective of the ongoing buyer demand for these quality properties," said Lorraine Crawford of McGrath Edgecliff.
"We saw healthy bidding on all properties, with the buyers a mix of owner occupiers and investors who continue to be attracted to the lifestyle offered in the precinct," she said.
The Millers Point properties, which were former housing commission homes, have so far achieved a 100 per cent sales rate.
"The stand out result was the sale of the iconic 'Hit & Miss' hotel, which sold under the hammer for $4,805,000," said Crawford.
The 'Hit & Miss' hotel, at 69 Windmill Street (pictured above), was licensed from 1852 until 1923, and later operated as a migrant hostel, It was remodelled into five residential apartments in the 1930s, and now presents the opportunity for conversion into a grand family home.
The agents were Lorraine Crawford, Peter Starr and Andrew Stewart of McGrath Edgecliff.
The house at 14-16 Trinity Avenue (below) was sold for $3,000,000.
A three-bedroom terrace at 52 Kent Street (below) sold for $2,600,000.
A corner terrace at 1 Windmill Street (below) achieved $2,360,000 at auction overnight.
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