Charming old house on edge of Oak Park Cronulla sells for $1.3M above reserve

The house, which was built in the 1930s and enjoys spectacular coastal views, was purchased by a young local family for $5.8 million.

But, it's days are numbered, with selling agent Bill Tsounias of McGrath Sans Souci saying, "It's definitely a knockdown".

Mr Tsounias said, while the market was "hot", the sales result for 2 Jibbon Street surprised everyone.

"But, it's a unique property, has history and is in a beautiful spot," he said.

A large crowd watched the onsite auction, at which there were 15 registered bidders.

Five bidders remained after the $4.5 million reserve was reached, and two were left at the $5.2 million mark.

The property and adjoining house, 96 The Esplanade, were originally owned by Thomas Essington Breen, who was involved in sand mining on the Kurnell peninsula.

After Mr Breen's death in 2002, both properties passed into the ownership of one of his sons Toby Breen.

Some years later, 96 The Esplanade was acquired by Sutherland Shire Council to expand Oak Park.

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