Run-down Balmain house owned by The Salv Sydney
The Salvation Army is now $.392 million richer after a young couple bought one of the properties they own in Sydney. The run-down home consists of four bedrooms, and it is located property at 10 Thames Street in Balmain. Around 2 dozen people took part in the auction on a rainy morning.
There were 198 auctions listed for the day which is considered a quieter weekend partly due to the NRL grand final and Labour Day long weekend. By the evening the Domain group sold 136 properties with a record of 75% clearance. The home was built in 1863 1863 by local architect James McDonald, who later became Balmain mayor and six parties bid on the property. AuctionWorks auctioneer Karen Harvey said that the property managed to attract a lot of attention due to its rarity, size and location.