A South Coogee home with scope to update sold for $3,725,000 at auction on Saturday, won by a dad bidding on behalf of his daughter and son-in-law.

The two-bedroom semi at 37 Denning Street with views of the ocean and Wedding Cake Island was listed with a price guide of $3 million.

The property was one of 966 scheduled auctions in Sydney last week. By Saturday evening, Domain Group had recorded a preliminary auction clearance rate of 75.6 per cent from 591 reported results, while 98 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.

Selling agent Peter Shaw, of Harcourts Byrnes Marsh Shaw, said 10 parties registered for the auction of the “essentially land value” home, most of whom planned to renovate or rebuild.

He said fo

See Full Page