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A cryptocurrency play that went awry has handed an extra $800,000 to this lucky Kings Cross home seller.
The Lam family will not only keep the $350,000 deposit, but the Rockwall Cres terrace fetched a higher price when auctioned through R & W Elizabeth Bay midweek.
Auctioneer Damien Cooley secured $6.8 million after two registered bidders fought for the 1890s terrace that cost $4.85 million in 2016.
The terrace at on Rockwall Crescent, Potts Point sold at $6.8m.
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“Classical splendour with contemporary panache in this landmark terrace to create a sophisticated city residence,” the listing for what was billed as ‘one of Potts Point’s finest Victorian Italianate homes’ read.
“Encapsulating the grandeur of a distinguished Knightsbridge villa, this refurbished home was built in c1890.
‘Sophisicated city residence.’
The home last sold for $4.85 million in 2016.
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“A premium position in one of Potts Point’s most prestigious enclaves, situated off fashionable Macleay Street village.
“It procures city views from the upper levels and invaluable rear lane access to double secure parking.”
Potts Points is a very tightly held market, when it comes to houses. According to PropTrack, only seven houses have been sold in the suburb in the past 12 months.
Potts Point is a tightly held market.
Tastefully restored.
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