It seems Andrew Winter and his team may have done too thorough a renovation in Wollongong, as the owners decided just before auction to withdraw the property from sale and move back in.
"They did too good a job," says listing agent Michele Lay of Ray White of the Selling Houses Australia team. "If you see it on Selling Houses Australia you'll see how beautifully it came up."
The episode featuring the Wollongong house aired on Wednesday, and the auction was supposed to take place in September last year. The house was on the market for some months last year, says Lay.
The marketing had said "With a realistic vendor and all the hard work done for you; this house MUST BE SOLD".
A short walk to the Wollongong CBD, the three-bedroom cottage last sold for $185,000 in 1999 and was on the market briefly in 2006, according to RP Data. The Selling Houses Australia team added new paint throughout, new blinds, new doors, new light fittings, new taps and a revamped kitchen and outdoor entertainment area. Lay says it could have attracted a rental of up to $460 per week. In 2009 it was listed for rent for $400 per week.
Lay was marketing the property with price hopes of $399,000 plus.
The median house price in Wollongong fell 9.9% in the past year but rose 10.5% in the past five years, according to RP Data.
For more about prices and yields in Wollongong, see the RP Data suburb page.
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