Property investor sells Seddon house for $1.25m, $50,000 below reserve
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A red brick house was sold by a property investor for $1.25 million. This final price was $50,000 below the reserve. The property did not receive any genuine bids during the auction process. It eventually passed in on a bid from the vendor. Negotiations followed the auction to reach the final sale price.
The charming red brick house did not attract a genuine bid at auction, and passed in on a vendor bid before negotiations ensued.
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