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Potts Point studio apartment sells for $735k at auction with four bidders



This Potts Point apartment sold for $735,000.

The Chimes, Potts Point redevelopment proposal is getting seriously pricey, with the aspiring developers of the dated Potts Point apartment block site showing their hand at a midweek ­deceased estate auction.

Tim Price’s Time & Place was forced to pay $735,000 for a 38sqm seventh floor studio auctioned by Laing Real Estate’s Vicki Laing.

Not even a lengthy lift breakdown during the marketing period deterred competitive interest from four bidders.

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The view from the seventh floor.

Auctioneer David Scholes announced it on the market at around $600,000.

The priciest previous sale, with Opera…

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