The Build for a Cure charity house in Appin has sold for $700,000 at today’s auction.
The new homeowners are a young couple with two sons and they are first home buyers.
The house was built for a Children’s Cancer Institute initiative in just 28 days by local tradies.
The money raised from the auction will go towards children’s cancer research.
Celebrity auctioneer Damien Cooley from The Block said it was a relief the house sold for a good price.
“Today was an incredible result,” he said.
“It was the culmination of a lot of hard work. The institute, McDonald Jones Homes, Walker Corporation and Di Mez Real Estate should be proud.”
Mr Cooley said there were six registered bidders and three competed in the auction.
“Bidding started at $600,000 which was made by the underbidder,” he said.
“The price then went by $10,000 increments. We sailed past the reserve of $650,000.
“Bidding then slowed down at $670,000 but we were able to push it $690,000.
“We then got another $5000 from the underbidder and were taken to $700,000 by the eventual purchaser.”
The new property has four bedrooms, two and a half bathrooms, an open plan kitchen and four parking spaces.
The house is fully furnished and styled by Freedom Furniture and all appliances have been donated by Winning Appliances and Fisher & Paykel.
“This house was a rare opportunity because it comes fully furnished,” Mr Cooley said.
“The new owners can essentially just take a suitcase in with clothes and move straight into their new home.
“If you put together the land, furniture, upgrades, the quality fixtures and fittings then the house was valued well above $700,000.
“The final price tag was a good buy for the purchaser.”
McDonald Jones Homes director and founder Bill McDonald said the auction was a great success.
“Thank you to Walker Corporation for providing the land and the sub-contractors and the suppliers and to our staff who worked around the clock,” he said.
“Everybody was happy with the jumping castles and the barbecues and the auction of the car and the painting went really well.
“The atmosphere was one of happiness.
When Damien Cooley said ‘sold’, everybody was overjoyed with the result because that means we will be able to provide seven senior researchers for the next 12 months to try and get a cure for children’s cancer.”
Children’s Cancer Institute Professor Maria Kavallaris said she was “over the moon” because the money would go towards supporting research into children’s cancer and trying to improve the life of children with aggressive diseases.
“The money is going towards supporting our Zero Childhood Cancer program which allows us to look at the individual cancers of individual patients,” she said.
“Each child’s cancer is different. Our current therapies rely on treating all the children the same if they’ve got a particular cancer.
“So we are taking children who have a high risk of relapse from their disease and we are looking at their blood and tumour samples to try and work out the best treatment.
“We can then give feedback to their doctors and oncologists so they can give the patients an alternate therapy to treat that particular cancer based on their individual genetic make-up.”