A prime waterfront home in Chiswick with plenty of potential has sold prior to auction.
The five-bedroom house at 20 Fortescue St was snapped up by a young family looking to take advantage of the rare offering and build their dream home on the block.
Selling agent Aladdin Hassen of The Agency Inner West couldn’t reveal the sale price, but sources believe that it sold around the $6.5 million price guide.
There were three really interested parties in the end, with confidence in the market higher than the end of last year and early months of 2019, Mr Hassen said.
“We have had quite a few big results and plenty of numbers through open homes,” he said.
On 942 sqm of land, the home is in original condition but has direct access to the water. There are DA approved plans already in place for a three-level residence, but is believed the new owners will look at getting their own DA and new plans approved.
The home had been owned since 2005, when it was purchased for $2.3 million, according to CoreLogic data.
The property also comes with a boathouse, private jetty and waterfront entertainment space.