Tiny Ben Buckler flat with no parking sells for $2.8m

5/125 Brighton Boulevard, North Bondi sold for $2,811,000.

A tiny apartment with no parking on North Bondi’s Ben Buckler has sold for an incredible price.

The $2,811,000 achieved on Thursday night, ahead of Monday’s scheduled auction, shocked the owners of 5/125 Brighton Boulevard, who’d bought it for just $1.45m five years ago.

The auction guide had been $1.9m and the reserve price was going to be $2.1m.

And in the weeks leading up to Thursday’s sale, they’d already accepted an offer of $2m, but those buyers ended up pulling out.

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The balcony has views of the beach and ocean.

It has just 59sqm of internal space, but is well designed.

“We ended up having three buyers fighting over it,” said Raine and Horne Double Bay/Bondi Beach agent Christophe Serrao, who shares the listing with his dad, principal Ric Serrao.

“We gave out 15 contracts in total and had 150 people see the property.”

The apartment had just 59sqm of internal space, but was well designed with a bathroom sitting between the two bedrooms.

And it had sweeping views of the beach and ocean.

4/43 Cambridge Ave, Vaucluse has a $3m guide for a forthcoming auction.

An extra floor has been added.

Iconic harbour views.

“The Ben Buckler market is extremely strong,” says Serrao.

“It’s outperforming the rest of the eastern beaches.”

Earlier this month, the Serraos sold a 32sqm one-bedroom apartment with a garage at 12A/77 Ramsgate Ave, North Bondi for about $2.5m.

He’s also feeling confident about a three-bedroom, two-bathroom apartment at 4/43 Cambridge Ave, Vaucluse, owned by yacht dealer Sean O’Doughty.

One of just four in the block, it’s been completely transformed, with an extra level added to take in the northerly iconic harbour views.

“He’s spent about $1m on the reno … people can’t get over the quality of it,” Christophe says.

The guide is $3m for a forthcoming auction.

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