In Darlinghurst, a local owner-occupier bought a five-bedroom terrace at 91 Barcom Avenue for $3.625 million, outbidding several investors.
Five parties registered to bid on the run-down home, including three investors looking to flip it.
Jeremy Brink, of Ray White Taylor and Partners, said it was a standout result for a unique property that was hotly contested.
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Author: Tawar Razaghi