Burwood Residence Sells for $2,303,000

A three-bedroom residence located at 17A Gloucester Avenue in Burwood was sold for $2,303,000 on Saturday.

The property was acquired by a young couple, who outbid a downsizing couple during the auction.

The final sale price surpassed the reserve price of $1.85 million by $453,000.

Auction Details and Financials

The auction commenced with an opening bid of $1.8 million, attracting six active bidders.

The initial price guide for the property was $1.8 million.

Historical Context

Its last recorded sale was in 1997 for $330,000.