Who said the boom was over? Tiny house in Sydney covering just 63square metres sells for $900,000, making its owners $60,000 just SIX MONTHS
- The 63square metre terrace is at inner east Sydney's Surry Hills
- The owner bought the one-bedroom home in March for $840,000
- An investor outbid from five other buyers, mostly young couples
- Selling agents believe the sale is a strong reflection of the market
As rumours swirl that the Sydney housing boom has come to a close, a petite one-bedroom terrace has gone under the hammer for an impressive $900,000.
The 63sq m sun yellow abode at inner east Sydney's 7 Little Bloomfield St in Surry Hills was nabbed by an investor.
The owner bought the terrace back in March for $840,000, making a cool $60,000 in seven months, reports Daily Telegraph.
The 63sq m sun yellow abode at inner east Sydney's 7 Little Bloomfield St in Surry Hills
An old-fashioned central paved courtyard is a feature of the original configuration terrace
The original configuration home offers an external bathroom & laundry linked by an old-fashioned central paved courtyard.
Six buyers registered to bid on the tiny home-mostly young couples-but an investor snapped it up after recently buying another property on adjacent Bourke St.
The owner, Doi Kim, 25, leased the propery while getting getting Development Approval, which added substantial value to the property.
Oxford Real Estate Darlinghurst selling agent Michael Marano said the sale was a strong reflection of the current market.
'I think leading up to Christmas, nothing will change.'
'Buyers always want more and it was just a touch under the reserve.'
The owner bought the terrace back in March for $840,000, making a cool $60,000 in seven months
The selling agent for the property Michael Marano said the sale was a strong reflection of the current market
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