By . Nelson Groom For Daily Mail Australia . The second public housing property with Sydney harbour views to be sold has gone under the hammer for $2.56 million, more than $1 million over its reserve. The five-bedroom Colonial Regency style townhouse at 29 Lower Forte Street at Millers Point, in Sydney's CBD, was last sold over a century ago, and has been used as cheap public housing. The sale was significantly larger than expected, with buyers given an estimate $1.5 million selling price earlier this month, the Sydney Morning Herald reports. Scroll down for video . The second public housing property in Sydney's Millers Point has been sold for $2.56 million -  more than $1 million over the estimated buying guide . The real estate agents in charge of the sale of the property at 29 Lower Forte Street were unable to comment due to a government gag order on all agents involved . Real estate agents Di Jones were unable to comment on the sale of the property, with the Government Property NSW placing a gag order on all agents involved. The sale is the second of 293 state-owned houses to go under the hammer in a government plan to relocate 600 public housing tenants. Government Property NSW has now made $4.47 million from the project. The five-bedroom Colonial Regency style townhouse was last sold over a century ago . The sale is the second of 293 state-owned houses to go under the hammer in a government plan to relocate 600 public housing tenants . The government has justified the plan by promising that for every house sold in Millers Point, three houses could be built in more suburban Sydney areas . The government has justified the plan by promising that for every house sold in Millers Point, three houses could be built in more suburban Sydney areas, where there is a 58,000-strong waiting list. But the mass relocation been vastly unpopular with residents and the broader community alike. Several protesters attended the auction for the Kent St property last week, despite being held in a secret location. It's expected the impending sales will attract similar resistance. Government Property NSW has now made $4.47 million from the project . The floor-plan of the Colonial Regency style townhouse, which has expansive views of Sydney harbour .
Five-bedroom Colonial-style house at Millers Point sold for $2.56 million .
The government had offered a price guide of between $1.5 million and $1.6 million .
Sale is the second of 293 state-owned houses to go under the hammer .
The first property sold for $1.9 million, more than $600,000 than the price guide .
It is part of the controversial government plan to sell off public housing .
For every home sold in Millers Point, three houses could be built in suburban Sydney, government says .
By . Nelson Groom For Daily Mail Australia . The second public housing property with Sydney harbour views to be sold has gone under the hammer for $2.56 million, more than $1 million over its reserve. The five-bedroom Colonial Regency style townhouse at 29 Lower Forte Street at Millers Point, in Sydney's CBD, was last sold over a century ago, and has been used as cheap public housing. The sale was significantly larger than expected, with buyers given an estimate $1.5 million selling price earlier this month, the Sydney Morning Herald reports. Scroll down for video . The second public housing property in Sydney's Millers Point has been sold for $2.56 million -  more than $1 million over the estimated buying guide . The real estate agents in charge of the sale of the property at 29 Lower Forte Street were unable to comment due to a government gag order on all agents involved . Real estate agents Di Jones were unable to comment on the sale of the property, with the Government Property NSW placing a gag order on all agents involved. The sale is the second of 293 state-owned houses to go under the hammer in a government plan to relocate 600 public housing tenants. Government Property NSW has now made $4.47 million from the project. The five-bedroom Colonial Regency style townhouse was last sold over a century ago . The sale is the second of 293 state-owned houses to go under the hammer in a government plan to relocate 600 public housing tenants . The government has justified the plan by promising that for every house sold in Millers Point, three houses could be built in more suburban Sydney areas . The government has justified the plan by promising that for every house sold in Millers Point, three houses could be built in more suburban Sydney areas, where there is a 58,000-strong waiting list. But the mass relocation been vastly unpopular with residents and the broader community alike. Several protesters attended the auction for the Kent St property last week, despite being held in a secret location. It's expected the impending sales will attract similar resistance. Government Property NSW has now made $4.47 million from the project . The floor-plan of the Colonial Regency style townhouse, which has expansive views of Sydney harbour .
hammer for $2.56 million, more than $1 million all agents involved. The sale is the second of 293 state-owned houses to go under the hammer in a government plan to relocate 600 public housing Point, three houses could be built in more suburban Sydney areas . The government has house sold in Millers Point, three houses could