36 Rosemont Street in West Wollongong, a rare example of high-end contemporary style in a sweet 1950's skin, sold at auction last Friday evening for $1.316 million.

The auction was well attended at the Belle Property Auction Centre, and attracted four bidders from its nine registered parties.

Auctioneer Damien Cooley took a $950,000 opening bid on the home that has been in the same family since 1971. Bidding between three parties reached $1.1 million and then the numbers flew to $1.27 million in a matter of seconds. A fourth party then entered the auction and bidding landed at $1.316 million - selling under the hammer, for well above the set reserve price.

Selling agent Thomas Pelosi said the home was renovated to meet modern lifestyle demands while compromising none of the original charm - and was a unique property offered complete with prime city-fringe convenience on a peaceful street.

The auction attracted interest from multiple developers as the home was set on a level 904sqm block, however, it ended up selling to a purchaser who intends on keeping the existing home. For more details contact Thomas Pelosi on 0414 977 711.