Ascot home sells under the hammer for $4.03m

41 Mayfield Street, Ascot Agent: Matt Lancashire, Ray White New Farm

A PRESTIGE home in Brisbane’s northeast has sold under the hammer for over $4m.

The five-bedroom, three-bathroom home at 41 Mayfield Street, Ascot sold under the hammer for $4.03m with an opening bid of $2.3m.

Nine registered bidders took part in the auction.

41 Mayfield Street, Ascot features a large outdoor entertaining area with a pool.

Auctioneer and Ray White Collective principal Haesley Cush from Ray White said the auction had a great crowd and really strong bidding.

“It (the auction) opened quite low at $2.3 million and then steamed up to $4 million when it was called on the market, then two buyers battled it out in really little bids before it eventually sold for $4.03 million under the hammer,” Mr Cush said.

“It’s a recently refurbished property which is a perfect example of what people are looking for in Brisbane because it gives them certainty about what the final property will look like in an uncertain construction cost environment.

“We had local and international buyers, I believe it went to a local buyer.”

Matt Lancashire of Ray White New Farm said he was ‘happy’ with the result.

Principal of Ray White New Farm, Matt Lancashire said he was happy with the result.

“Mayfield Street is a beautiful street, the home has been renovated to an incredibly high standard,” Mr Lancashire said.

“We‘ve had 100 groups over the last three and a half weeks.
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Auctioneer Haesley Cush

“There were buyers from interstate, international and locally.

“When you‘re dealing with the high price bracket, buyers aren’t focused on interest rates and not relying on finance.

“Even if the listings increase the buyer demand will still be high.

Auctioneer Haesley Cush said 41 Mayfield Street, Ascot ‘is a perfect example of what people are looking for in Brisbane.’

“If you look at any market across inner city Brisbane there is no stock at all.

“We‘re seeing a huge amount of people coming into South East Queensland there’s still 30 per cent more buyer activity than last year, it’s the perfect storm.”

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