Brisbane bargain: ‘Buy it before the bank does’

first_imgSitting on a 644 sqm block, the home goes under the hammer at 10.30am on Saturday at 15 Newhaven Street, Alexandra Hills.It might not be the prettiest of properties but Alexandra Hills is one of the more affordable of Brisbane suburbs, with a median price of $440,000 for three bedroom houses. MORE: Karmichael Hunt lists Brisbane home The property is on a 644 sqm block. But the owner of a Brisbane property needed a sale so urgently that they agreed to risk going under the hammer at a time when no-one else would.Agent Niki Stockham of RE/MAX Bayside Properties said the owner was relocating and needed to close a deal urgently. The home also has a shed which is handy for storage or a man cave.The median rent for a three-bedroom house in Alexandra Hills is $410 a week.Realestate.com.au classifies the suburb as a “high demand market” with 406 visits per listed property — which is higher than the state average of 384. The three bedroom house at 15 Newhaven Street, Alexandra Hills, goes under the hammer at 10.30am on Saturday January 5.Only one house in all of southeast Queensland is on the auction block this weekend — with the owner so desperate to sell that it could end up being the bargain of the year.Traditionally the first weekend in January is a no-go zone across the country, with both agents and buyers generally assumed to be on extended Christmas holidays. FOLLOW SOPHIE FOSTER ON FACEBOOK MORE: Darren Palmer reveals the colour of 2019 and design trends MORE: Misled Compound with motocross track hits the market MORE: Sofie Formica — Why I live in St Lucia More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoThe median rent for a three-bedroom house in Alexandra Hills is $410 a week.“It’s probably the cheapest house in Alexandra Hills,” she told The Courier-Mail. “It has to sell based on the seller’s urgency. We set a reserve on Thursday.”The listing declared that the property “must be sold on or before auction” with buyers urged to “buy it before the bank does”. The home is in a “high demand market”, according to information on the suburb provided by realestate.com.auThe three bedroom house has one bathroom, a shed with front and rear access and is just 100 metres from the Alexandra Hills shopping centre.“There’s also a bus stop right outside the house,” Ms Stockham said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 Inside the home.last_img read more

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