Daughter buys West End house for parents at auction

first_img MORE REAL ESTATE STORIES FOLLOW US ON FACEBOOK Maximise your tax refund City buyers drawn to beach tower Sue and Rebecca Ferris after the auction of 20 Hoogley St, West End on the weekend. Picture: Debra BelaA BRISBANE auction has redefined retirement living after an entry level cottage in the inner suburbs was snapped up in three minutes on Saturday by a daughter buying a house for her elderly parents.The auction was over in roughly the time it took for a motorised scooter, bicycle, motorbike and a handful of cars to pass by 20 Hoogley St at West End.“This is pretty unusual, selling a Queenslander to a couple in their 70s,” Ray White South Brisbane agent Luke Croft said.“This is the time where people think about going into apartments, but they wanted somewhere with a bit of action.” The house, affectionately called ‘The Hoog’ by sellers Leanne and Nick, sits on a tiny 240sq m block with townhouses on the back fence line.The auction day crowd of 30 had to gather kerbside for the sale, with five registered bidders, mostly families wanting to capitalise on the inner city school catchment.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago The crowd gathers outside 20 Hoogley St, West End before the auction begins.The three-bedroom house with 90sq m of living space was considered so small that the sellers, who had the property tenanted at $580 a week according to CoreLogic property data, had elected to stay at home for the auction.“We live around the corner and we thought (if the auction was inside) there’d be nowhere for us to go,” Leanne said by phone afterwards.Ray White auctioneer Phil Parker suggested an opening bid of $800,000 which was revised to $780,000 with three active bidders, one on the phone.Rebecca Ferris, with her husband, daughter and mum by her side, joined the auction at $830,000 at which point the phone bidder pulled out. The kitchen looks out over the back deck. Picture: Supplied.The underbidder, who lived a couple of streets away and was keen to renovate underneath to add extra rooms for his family, went as high as $855,000, but Ms Ferris countered with $860,000 and after a brief pause to consult the owners, the house was announced to be on the market and it sold to the Ferris party.“Now that it’s done and dusted, what were you thinking of going to?” the underbidder asked after the auction.“Not much above that,” Rebecca Ferris said. “We could have gone higher but not for that property.”All that is left is for Sue and Ross Ferris to put their Victorian terrace home near Melbourne’s Flemington Racecourse on the market.“That’s why we wanted to look at something older too, we are familiar with an older house. We don’t care about a bit of maintenance,” Sue Ferris said.“We didn’t want something with a big backyard or a pool and we didn’t want anything split level inside.“We will put a lift in to go from downstairs to inside the house. We have one where we are now.” The three-bedroom house at 20 Hoogley St, West End. Picture: Supplied.The busy location will be a perfect fit for Rebecca Ferris’s mum and dad who are relocating to Brisbane from Melbourne to be close to family.“We’ve been living in Kensington for 27 years and we wanted to come to a similar community closer to town,” Rebecca’s mum Sue Ferris said after the auction.“We want traffic, we don’t want suburban, there is life here.”last_img

Be the first to comment

Leave a comment

Your email address will not be published.