Vendor Mervyn Cronin with Place agent Jody Green after the sale of 71 Withington St, East Brisbane.AN East Brisbane Queenslander has sold for the first time in 83 years, smashing the reserve when it went under the hammer. The property at 71 Withington St sold for a $607,500, much to the delight of owner Mervyn Cronin. Mr Cronin, 86, moved into the Withington St house when he was three years old and called the highset colonial home until six months ago. “I can still remember walking through the house when we moved in,” he said. “That is probably one of my favourite memories from living (there).” The home at 71 Withington St, East Brisbane was Mervyn Cronin’s home for 83 years.Mr Cronin made the decision to sell when he moved into a nursing home last year.Place Kangaroo Point marketing agent Jody Green said the three-bedroom home in original condition was a classic example of the worst home on the best street. The auction of the property at noon on Saturday attracted nine registered bidders and a crowd of more than 40 people. The home at 17 Susan St, Red Hill sold at auction.Bidding for 17 Susan St opened at $800,000 and quickly climbed to seven figures thanks to the four active bidders. The action slowed around the $1 million mark and auctioneer Justin Nickerson called the four-bedrooms home on the market at $1.005 million. A few bids later and the hammer came down on a $1.015 million bid from a young Newstead couple. The two-storey Red Hill home has been renovated and extended.Matt Chesnais and Amy Carseldine said they were elated to have won a gorgeous home in a great location.“I can’t believe it happened,” Mr Chesnais said.“We came here thinking we weren’t going to walk away with it because we’d been outbid a couple of times on other houses. This was meant to be.”Ms Carseldine said they owned an apartment in Newstead but wanted to upsize because of the market. “We hadn’t thought we’d buy a house yet … but apartment prices aren’t going up and house prices are, so we needed to make the move into a house sooner,” she said. The buyers of 17 Susan St liked its Red Hill location.Urban Property Agents marketing agent, Daniel Argent said the quick sale exceeded the vendor’s expectations.“There were a lot of people who really wanted this house,” he said. “We had 85 groups through in four weeks and a lot were young couples.“I think this house is perfect for young couples because it’s not too big and it’s around that $1 million mark. “Red Hill is still quite good value. If you put this house in Paddington it would have sold for about $100,000 more.” The auction of 71 Withington St, East Brisbane. Photo: Darren EnglandProceedings kicked off with an opening bid of $400,000 and progressed, through stops and starts, to sell under the hammer for $607,500. There were four active bidders and more than 35 bids, with the price increasing by just $2,500 at times. Ms Green said the auction went brilliantly. “We smashed the reserve,” she said. More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours agoAuctioneer Mark Frater at the auction of 71 Withington St, East Brisbane. Photo: Darren EnglandMs Green said the buyer was a local man who couldn’t attend the auction and so placed his bids by phone from Melbourne. “He’s going to renovate the property,” she said. “He’s got a couple of young children and he’s going to renovate it to be the family home.”Mr Cronin said he was happy with the sale price and hoped the buyer would return the Withington St home to its former glory. Also on Saturday, a renovated character cottage sold at auction in less than eight minutes in Red Hill.
“Egypt actually didn’t really constitute a threat because of aspects of political instability. To host the Nations Cup your country must be politically stable,” said Lepowura in an interview with Joy Sports.“Against Algeria, I think they will not be able to take the competition away from us because they have their own problems in the North African sector. And the fact that a number of North African countries have pulled out so many times will not give CAF the confidence to give the competition to another North African country.”Lepowura Alhaji Jawula says Ghana stands a good chance winning the bid to host the competition because of its intense lobbying.“If you put us against Gabon, what I can say is that it will not be realistic to give the competition to Central African countries three times in a row,” the administrator said, referring to the hosting of the Afcon in the sub-region in 2012 (Gabon and Equatorial Guinea) and in the most recent edition.“There are so many things that will work for us so I’m optimistic we will win the bid to host the competition.” Ghana submitted a bid to host the tournament in 2017 after initial host Libya was hit by political crises. A member of Ghana’s bid committee for the AFCON 2017 tournament, Lepowura Mohammed Nurudeen Jawula, remains optimistic about hosting the tournament.On Monday, Ghana’s chances were given a boost after Egypt officially pulled out of hosting rights but the North African giants threw their weight behind Algeria’s bid. With the final decision to be made on April 8, Ghana now has Algeria and Gabon to beat for the right to host the prestigious African football tournament.