A house donated to the Children’s Cancer Institute in Medowie’s Bower Estate sold for $650,000 at auction on Sunday to a couple from Nelson Bay. The proceeds will go towards research into a cure for childhood cancer.
“We’re thrilled, we’re absolutely thrilled,” Anne Johnston, the Institute’s head of fundraising said.
“That price can fund six researchers working in our labs for the whole year. So it’s a huge contribution to solving childhood cancer.”
The winning bidders, Narelle and Alan Grace, intend to use the house as an investment property.
Ms Johnston said the couple’s personal experience with cancer attracted them to the ‘Build for a Cure’ abode.
“They were delighted to help such a great cause,” she said.
Offers for the four-bedroom home opened at $580,000.
“It was a really wonderful atmosphere. There were four registered bidders, and the pace got quite exciting towards the end,” Ms Johnston said.
The house, donated by McDonald Jones Homes, was built by volunteer tradespeople on land donated by McCloy Group.