Property near Orange sets district price record of $7.8 million at auction | List

RECORD SALE: The Bridge, a five bedroom house on a 613 hectare grazing property on The Escort Way, sold for $7.8 million on Friday. Photo: Supplied
RECORD SALE: The Bridge, a five bedroom house on a 613 hectare grazing property on The Escort Way, sold for $7.8 million on Friday. Photo: Supplied

Sydney buyers with an historic link have paid a record $7.8 million for a 613 hectare property on The Escort Way 15 minute from Orange.

McCormack Barber real estate and Peter Fisher Real Estate were the joint selling agents for the property.

Peter Fisher agent Michael Wright said the sale price of The Bridge was above the expected price of about $7 million.

He said there were 16 registered bidders and several who bid above the $7 million mark.

GARDENS: Paving and sculptures at The Bridge. Photo: Supplied

GARDENS: Paving and sculptures at The Bridge. Photo: Supplied

Mr Wright said one of the the winning bidder’s grandfather had lived on the property about 80 years ago.

“It was a really good sale, there was a lot of interest,” he said.

“It started at $5.5 million and it just kept going up from there.”

ENTRANCE: The Bridge property is on 613 hectares 15 minutes from Orange. Photo: Supplied

ENTRANCE: The Bridge property is on 613 hectares 15 minutes from Orange. Photo: Supplied

Mr Wright said the property was larger than normal and the infrastructure of the house and grazing farm were in good condition.

He said he now had 15 eager buyers looking for property in the Orange region.

And historic Tyneside, an 1899 property in Sale Street, has become just the eighth house in the Orange CBD to sell for more than one million dollars.

MILLION: 15 Sale Street.

MILLION: 15 Sale Street.

Benchmark Rural and Lifestyle agent Nigel Staniforth said the undisclosed price was “easily” over the million dollar mark.

Mr Staniforth said the buyers were retirees from Sydney.

He said 70 per cent of the buying interest for house on a 2100 square metre block had come from Sydney.

TOP SELLERS

  • 27 Byng Street, $1.5million, McCormack Barber
  • 78 Byng Street, $1.46 million, McCormack Barber
  • 72 Byng Street, $1.27 million, McCormack Barber
  • 36 Hill Street, $1.1 million, Blowes Real Estate
  • 41 Byng Street, $1.03 million, McCormack Barber
  • 62 Byng Street, $1.02 million, Townsend Real Estate
  • 52 Kite Street, $1 million, LJ Hooker
  • 15 Sale Street, $1 million plus, Benchmark Rural and Lifestyle
This story Property on The Escort Way sets district price record of $7.8 million at auction | List first appeared on Central Western Daily.