In a month from now, # 3 Sproxton Lane will go under the hammer. If the "bidding guide" of $1,800,000 is anything to go by, it'll be the most expensive piece of real estate in Sproxton Lane so far.
But why is there a "bidding guide" when it goes to auction? Isn't the point of the auction to find out what the market is willing to pay? This particular agent seems to love "bidding guides" because of their nine properties going to auction, all nine have "bidding guides"! - see here.
Here's the property description in real estate parlance: "Now, That's what I'm Talking about….. Imagine sitting on your own private jetty with a fishing rod enjoying the simple things that life has to offer. This 1682m2 block with a high tide boundary of the Clyde River has a slipway and two homes on one title. The River Cottage is a quaint two bedroom renovated property with unobstructed river views. It feels like you are living on a house boat, surrounded by water. Add a detached one bedroom studio with ensuite including sauna, creating the ideal guest hideaway. The street frontage onto Sproxtons lane has a four bedroom separate brick home with single lock up garage, recently rented to provide income, plus lifestyle. The river cottage is tucked away so privately, you can slip down for the weekend, and not disturb the tenants whilst enjoying the negative gearing options. There are only a handful of homes that have their own slipway and jetty so we expect good interest."
As for "slipping down for the weekend ... whilst enjoying the negative gearing options", methinks the taxman would have something to say about that. Anyway, there's only ONE option to gear negatively which requires losing money in order to save some. How enjoyable is that?
Bought in 2007 for $800,000, it should go for considerably more than the price of an HR HOLDEN, even without Ernie's "help", but will it end up being the most expensive piece of real estate in Sproxton Lane so far?
P.S. All bets are off, all signage is off! As of 17 February 2022, it's no longer up for AUCTION. And while the auction was advertised with a "bidding guide" of $1,800,000, the now advertised sales price is given as "range" from $2,100,000 - $2,300,000 - click here and here. Go figure!
P.P.S. A few weeks on, and the description in the ad has been shortened to "Nestled at the base of the Clyde mountain is the historic village of Nelligen known as the playground for boat enthusiasts and fishermen. Imagine sitting on your own private jetty with a fishing rod enjoying the simple things that life has to offer. This 1682m2 block with a high tide boundary of the Clyde River, there are only a handful of homes that have their own slipway and jetty so we expect good interest. The street frontage onto Sproxtons lane has a four bedroom brick home with single lock up garage which was recently tenanted", leaving out "The River Cottage is a quaint two bedroom renovated property with unobstructed river views. It feels like you are living on a house boat, surrounded by water. Add a detached one bedroom studio with ensuite including sauna, creating the ideal guest hideaway ... The river cottage is tucked away so privately, you can slip down for the weekend, and not disturb the tenants whilst enjoying the negative gearing options." Are you thinking what I am thinking?
