Most Sydney buyers’ eyes would water at spending $1 million on a unit, but one cashed up purchaser spent just that over reserve on Australia’s priciest street.

Today a three-bedroom apartment went to auction with price expectations of about $3 million, but when the hammer fell the final sale price was a whopping $4.1 million.

Wolseley Rd in Sydney’s prestige peninsula of Point Piper is the priciest patch of real estate in the country and often sits in the top 10 of the world’s dearest streets.

The whole-floor 202sq m unit with a view at 9/45 Wolseley Rd was listed with McGrath Edgecliff’s Stephen McMorrow.

According to Core Logic RP Data statistics, the median price for a unit in the suburb is a much more modest $1.8125 million.

A total of 10 registered bidders were drawn to the unrenovated apartment which has an expansive harbour outlook including postcard views of the Sydney Harbour Bridge, Opera House and the city skyline.

The last apartment to sell in the building in May 2014 when a similar three-bedroom unit fetched $2.95 million.

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