The Aporia · Iconic ‘smallest home’ on the Bay Run passes in on a $3.71 million bid

Iconic ‘smallest home’ on the Bay Run passes in on a $3.71 million bid

Read the original at The Sydney Morning Herald ↗

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Forward, C. (2026, November 2). Iconic ‘smallest home’ on the Bay Run passes in on a $3.71 million bid. The Sydney Morning Herald. https://www.smh.com.au/property/news/iconic-smallest-home-on-the-bay-run-passes-in-on-a-3-71-million-bid-20261102-p61ahr.html?ref=rss&utm_medium=rss&utm_source=rss_feed

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Quick Summary

A historic sandstone property on Sydney's Bay Run, known as one of the smallest homes available there, failed to sell at auction after passing its reserve price of $3.9 million with a bid of $3.71 million. The three-bedroom house had been recently renovated while preserving its original sandstone walls and featured a modern kitchen. With a guide price of $3.7 million, it attracted two bidders but only one made an offer that fell short. Negotiations are ongoing to secure the sale at a higher price within the updated price range of $3.75 million to $3.9 million.

Written by AI on 2026-11-02, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

The smallest home on Sydney's Bay Run, an iconic sandstone property with water views, passed in at auction on November 1, 2026, after failing to meet its reserve price of $3.9 million despite a top bid of $3.71 million. The three-bedroom, tri-level Drummoyne house, located at 121 Henley Marine Drive, was extensively renovated and features illuminated kitchen splashbacks and exposed sandstone walls. Two parties registered for the auction with an estimated guide price of $3.7 million. Bidding started at $3.5 million before a vendor bid raised it to $3.7 million; the final increment brought the total to $3.71 million, which fell short of the reserve. In the broader context, 985 properties were scheduled for auction in Sydney that week, with an overall preliminary clearance rate of 48% based on 564 reported results and 208 withdrawn auctions counted as unsold.

Written for “Smallest Home Sold For Millions” on 2026-11-02, grounded in this article and the 0 other(s) covering the same event.

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0 of 29 hedged ("reportedly", "may", "according to")

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61/100

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The Sydney Morning Herald · 5806 article(s) · 15 correction(s) detected

Running correction rate · 15 correction(s)

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Who wrote this

Carmen Forward

7 article(s) here · 1 carrying a prediction

🔮 The winner will turn it into a duplex.

2026-11-02 · assertive framing · Iconic ‘smallest home’ on the Bay Run passes in on a $3.71 million bid

🔮 He said he could “see smart money surface and secure properties at a heavily reduced rate based on where the top of the market was”.

2026-10-19 · assertive framing · ‘My dream home’: Buyer pays $4.5 million for his childhood beach house

🔮 LJ Hooker’s John Zheng said buyers could either live, rent long term, rent short term or leave it to the Oaks hotel to manage.

2026-10-12 · assertive framing · Investor buys $666,000 pad in iconic Sydney building, adding to portfolio

🔮 “We always thought, gee, we would love to see more of the outdoors,” Patrick said.

2026-10-01 · assertive framing · ‘A privilege and a pleasure’: What life’s like in an award-worthy house

🔮 Smith-Cameron said the buyer’s son was a university student who will live there.

2026-09-28 · assertive framing · Zetland vendors cut reserve to sell $2.23 million terrace at auction

🔮 Although the early result is a fall of five percentage points from last week’s preliminary reading, it remains just above the low of 47 per cent it reached in June as buyers stepped back following the May budget’s changes to the tax treatment of investment properties.

2026-09-21 · assertive framing · Neighbour pays $1.68m for unit with garage, beating five first home buyers

Also by Carmen Forward

‘My dream home’: Buyer pays $4.5 million for his childhood beach house

2026-10-19 · The Sydney Morning Herald

Investor buys $666,000 pad in iconic Sydney building, adding to portfolio

2026-10-12 · The Sydney Morning Herald

Couple buys $1,825,000 Erskineville house as vendor cuts reserve price

2026-10-05 · The Sydney Morning Herald

‘A privilege and a pleasure’: What life’s like in an award-worthy house

2026-10-01 · The Sydney Morning Herald

Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 7 articles by Carmen Forward →

Topics

Domain Drummoyne Marsfield Ray White Concord | Sydney

Subjects

Drummoyne ORG · 2× Catherine Murphy PERSON · 1× Christian Leung PERSON · 1× Domain ORG · 1× Leung PERSON · 1× Marsfield GPE · 1× Murphy PERSON · 1× Ray White Concord | ORG · 1× Sydney GPE · 1× The Agency ORG · 1×

Narrative

“We had a lot of people come through because it’s probably the smallest home you can buy on the Bay Run,” selling agent Christian Leung from Ray White Concord | Five Dock said.

framing: assertive · carried by 1 article(s) · first seen 2026-11-02

🔮 The winner will turn it into a duplex.

2026-11-02 · The Sydney Morning Herald

Iconic ‘smallest home’ on the Bay Run passes in on a $3.71 million bid · assertive framing

Claims (29 extracted, 0 hedged)

An iconic sandstone property on the Bay Run is still available after passing in on a bid of $3.71 million at auction on Saturday. asserted

property → pass → Saturday

The freestanding three-bedroom, tri-level Drummoyne property at 121 Henley Marine Drive had been reimagined and transformed from an original one-bedder. asserted

property → reimagine → bedder

The interiors make a feature of the sandstone walls and include a glamorous kitchen with illuminated splashback. asserted

interiors → make → splashback

The property was one of 985 scheduled to go to auction in Sydney last week. asserted

property → schedule → Sydney

By Saturday evening, Domain recorded a preliminary auction clearance rate of 48 per cent from 564 reported results throughout the week, while 208 auctions were withdrawn. asserted

auctions → record → week

Withdrawn auctions are counted as unsold properties when calculating the clearance rate. asserted

auctions → withdraw → rate

Two parties registered on the flash Drummoyne home with water views and a guide of $3.7 million. asserted

parties → register → million

Bidding opened at $3.5 million. asserted

Bidding → open → million

The second party did not make an offer. asserted

party → make → offer

An additional $10,000 was added by the highest bidder, and the property was passed in. asserted

property → add → bidder

“We had a lot of people come through because it’s probably the smallest home you can buy on the Bay Run,” selling agent Christian Leung from Ray White Concord | Five Dock said. asserted

Leung → have → Concord

“They have done an amazing job because they left the three walls and then… rebuilt everything. asserted

they → do → everything

So it’s been beautifully reimagined. asserted

it → reimagine → ?

“Whether it sells today or whether it sells in the next two weeks, we’re pretty confident it’ll sell.” asserted

it → sell → weeks

Leung said they were in negotiations to get an increased bid. asserted

they → say → bid

The home’s price guide online has now been updated to $3.75 million to $3.9 million. asserted

guide → update → million

The address last traded for $2.28 million in 2021, records show. asserted

records → trade → 2021

In Marsfield, a three-bedroom redbrick house at 5 Winston Street guided at $1,985,000 drew four registrations at auction. asserted

house → guide → auction

Two wanted to knock the family home down and build a duplex, while the other two wanted to live in the structure as it is. asserted

it → want → structure

Two parties competed for the property whose block had “a good fall to the street”. asserted

block → compete → street

Bidding opened at $1.8 million and rose in $50,000 and $25,000 increments until $2.1 million, where it met reserve. asserted

it → open → reserve

The two competing continued to bid in $5000, $10,000 and $1000 lots until it sold under the hammer for $2,152,000. asserted

it → compete → 2,152,000

The winner will turn it into a duplex. asserted

winner → turn → duplex

Selling agent Catherine Murphy from The Agency said, “it was a really hard fought auction. asserted

it → sell → Agency

They were going to make it their home, so it was quite… a disappointing moment for them.” asserted

it → go → them

Murphy said contrary to other commentary she isn’t finding the market “sluggish”. asserted

market → say → commentary

“Sydneysiders are always very interested in property and have a keen want and will to buy as well. asserted

Sydneysiders → have → want

Even though the conditions probably aren’t as favourable to sellers right now it presents an excellent opportunity for buyers. asserted

it → present → buyers

The vendor is downsizing to a high rise development for over 55s in Epping. asserted

vendor → downsize → Epping