Knockdown cottage in leafy St Ives sells at auction for $2.53 million

A bidding war erupted at the auction of an old home in St Ives on Thursday night, with a young family spending almost $1 million over the reserve to make a move from a city apartment into a house.

It was the first time 3 Kitchener St had been offered for sale in more than 50 years, and it was marketed by Craig Ireson, of McGrath Castle Cove, as a knockdown.

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