A much-loved western Sydney property has been snapped up in the blink of an eye.
In what is a huge contrast to the city’s properties typically spending an average of 41 days on the market, this Wentworthville home sold just 36 hours after it hit the market.
The original property, at 12 Warra St, was offered for the first time since it was built by the vendor and his late wife 60 years ago.
It generated huge buyer interest before fetching $1 million via private treaty sale through Paraz and Baz Real Estate agents Gurdev and Anmol Singh.
“We listed it last Tuesday evening and by the Thursday it was sold,” Ms Singh told the Parramatta Advertiser.
“We held a private inspection with three families and there were seven other buyers lined up to see it, but they didn’t get a chance to … buyers were all willing to pay a huge deposit,” she said.
It was a surprising result for the Hennessey family, who have called the property home for three generations.
Vendor Harry Thomas Lewis Hennessey, 88, extended the house over the years to accommodate his children and then grandchildren across five bedrooms.
In a video recorded by the agents following the changing of hands, he said the speedy sale was “absolutely astounding” and he had felt queasy about it all.
The bittersweet result will allow the tight-knit family to close a special chapter of their lives and move on.
Their pride and joy, which has housed countless antique clocks collected by the vendor, was bought by the new owners as an investment property.
Ms Singh said the majority of interest came from local buyers who saw development potential in the 920 sqm block with a wide 20m frontage.
“A lot of the neighbouring properties have subdivided and made four lots out of the one, with a duplex and granny flats.
“No. 16 sold a few weeks ago and that had DA approval for four properties, so people who missed out on that were actively looking for flat land like this.”
The buyers are looking to knock down and rebuild. CoreLogic data shows they paid slightly more than the suburb’s median house price of $960,000.