A three-storey home with ocean and harbour views has sold for $3.96 million at auction in Balgowlah, marking a strong finish to the year for the local property market.
The property at 14 Seaview Street attracted considerable interest from families across Sydney’s North Shore and northern beaches, with six parties registering to bid and five actively participating in Saturday’s auction.
The home, which features an indoor fireplace, high ceilings and full brick foundations, drew interest exclusively from owner-occupiers, with the exception of one builder. All registered bidders had their sights set on renovating the property, according to the selling agent.
Starting at $3.2 million, the bidding progressed in increments of $50,000 and $25,000, climbing beyond the $3.5 million guide and surpassing the $3.8 million reserve before the hammer fell at $3.96 million.
Selling agent Kingsley Looker from Clarke & Humel Property described the auction atmosphere as intense, citing the property’s strong fundamentals as key drawcards for buyers.
The home’s eastern aspect, proximity to local shops and transport, and substantial renovation potential all contributed to the competitive bidding, Looker noted. He expressed satisfaction that both the purchaser and vendor were pleased with the outcome.
The successful buyers are a couple from the northern beaches. The property was being sold as part of a deceased estate and had last changed hands in 1997 for $174,000, according to property records.
The sale comes at a time when Balgowlah’s median house price sits at $3.48 million, with houses in the suburb averaging 41 days on the market, according to recent data from CoreLogic. The suburb has experienced modest annual capital growth of just over 2 per cent over the past 12 months.
Saturday’s auction was one of 1,113 scheduled across Sydney last weekend. Domain Group recorded a preliminary auction clearance rate of 55.5 per cent from 767 reported results, with 260 auctions withdrawn. Withdrawn auctions are classified as unsold properties when calculating clearance rates.
The broader Sydney property market has shown signs of cooling in recent weeks, with clearance rates easing since mid-September and price growth slowing through December. However, Sydney dwelling values continue their upward trajectory, with the median dwelling value now at $1.27 million.
The sale of 14 Seaview Street demonstrates that well-positioned properties with renovation potential continue to attract strong competition from buyers seeking to secure a foothold in sought-after northern beaches suburbs.
Published 15-December-2025
