It was an emotional end to this million-dollar payday

first_imgThe vendors Andrew Stylianou, 61, and Sandy Stylianou, 58, after selling their home at 36 Gloucester Rd, Highgate Hill for $1.3 million. Photographer: Liam KidstonThe adversarial nature of tough negotiation was set aside once 36 Gloucester Rd, Highgate Hill had achieved a stellar price at auction today.Speaking before the event, Harcourts Queensland chief auctioneer, Mitch Peereboom, said listings were rare in these high-demand, inner-city positions so a great price was on the cards.“This particular part of the market — Highgate Hill, West End — has one of our strongest clearance rates across the state due to the location, proximity (to the CBD) and lack of turnover,” he said.Mr Peereboom said although the home’s brick construction was unusual for area, it offered outstanding potential for a new owner to add their own touches.Before the event the owners, Andrew Stylianou and his wife, Sandy, were tucked away from the building crowd in their light-filled upstairs lounge room.Mr Stylianou said the home had seen a lot of joy in the last 18 years.He said it was a place that had been full of life and celebration.“It’s a big house and the children are both married, so we’ll downsize,” Mr Stylianou said.Mrs Syliano said she would be pleased to see the home start a new chapter, but was feeling emotional about its sale.“When the agents came, and they put the leaflets on the table, I wanted to cry,” said Mrs Stylianou.The auctioneer opened up proceeding to the 20-strong crowd with three-registered bidders present, and one on the phone. Didi Shamita (centre) was the winning bidder for 36 Gloucester Rd, Highgate Hill. Photographer: Liam Kidston“We’ve been living there (across the road) since 1986,” Ms Shamita.Ms Shamita said she was thrilled when the ‘for sale’ sign went up on number 36.“I saw the property two weeks ago, and I couldn’t believe it was on the market and I got so excited.”After the crowd had dispersed and the sandwich boards had been packed away, the buyer and seller met for an emotional congratulations on the footpath outside the front gate.A teary Mrs Stylianou explained to the buyer that she had loved this house after losing her home overseas in the 1970s, so it was tough to say goodbye.“We will take good care of your memories,” Ms Shamita said while hugging the seller.“Feel free to come anytime you want to visit,” she added. Chief Auctioneer of Harcourts Queensland, Mitch Peereboom, brings in the bids at 36 Gloucester Rd, Highgate Hill. Photographer: Liam KidstonThe call for a starting price became tedious, so Mr Peereboom proffered a vendor’s bid of $1 million.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoIt had the desired effect as three parties then tussled to take bidding up to $1.28 million where a pause was called by Mr Peereboom.After a chat with both the sellers and the top bidder, Mr Peereboom announced to the crowd the offer had been raised to $1.3 million and the home was now, “on the market”.With no one else prepared to up the ante, the property was sold for $1.3 million.The winning bidder, Didi Shamita, was representing the Ananda Marga organisation, a social services group that teach meditation and yoga.The group had been operating out of 37 Gloucester St — just across the road — but would now make number 36 their new centre of operations.center_img The vendor Sandy Stylianou, 58, hugs the winning bidder Didi Shamita after selling her home of 18 years. Photographer: Liam Kidstonlast_img