One of the things I have discovered being a vendor in this market is that your price expectations are set at least a month - often many months prior to the auction. After the time spent sussing out agents, negotiating fees, and in our case giving tenants the 60 days notice and then bringing the...
The refurb can hide a lot of things - water damage, rising damp, leaks, cracks....
Check if strata or company title - lot of old company titles in the area.
$280+ advertising would indicate a price expectation $310-340
Cheers,
The Y-man