TV star puts Edgecliff home on market

Posted by on November 11, 2015 in Market Reports | 0 comments

TV star puts Edgecliff home on market
21 Walker Ave, Edgecliff, NSW The Block Sydney

The Block judge Darren Palmer is selling his home at 21 Walker Ave, Edgecliff.

Buyers are still keen and prices are still hot, writes Melissa Kehagias.

Interior designer and judge on Channel Nine’s The Block, Darren Palmer has put his Edgecliff home on the market.

Palmer and his partner, cosmetic industry CEO Olivier Duvillard, bought the three-bedroom house in 2013 for $1.35 million. The couple bought a five-bedroom Bondi Beach home earlier this year.

21 Walker Ave, Edgecliff, NSW The Block Sydney

The house showcases Federation-style features throughout the home.

The Edgecliff property at 21 Walker Ave has been renovated throughout by Palmer and features an open-plan living and dining room and a separate formal lounge or third bedroom.

It is freestanding, on two levels and has Federation-style features throughout, including ornate ceilings and leadlight windows.

It will go to auction on December 1 through LJ Hooker Double Bay and co-agents Goodyer Real Estate.

RENOVATIONS AHEAD

A BUNGALOW-style home in Rose Bay with rare harbour views sold at auction for $3.12 million, more than $100,000 above expectations.

5 Victory St Rose Bay

The expected sale price for 5 Victory St, Rose Bay was below $3 million.

Number 5 Victory St had last sold in 1985 for $250,000.

Selling agent Daniel Baran of The Agency – Eastern Suburbs could not disclose the reserve but said he had expected the hammer to fall well below $3 million.

More than 100 groups inspected the home and six contracts of sale were issued. Four parties registered for the Saturday auction and bidding began at $2.6 million.

Mr Baran said the new owners are likely to renovate in the short-term, but do a significant rebuild down the line.

BIDDING BATTLE

TWO inner city sales proved to be timed to perfection. The first, a Surry Hills terrace, saw its vendors doubling their money in less than 10 years.

46 Bennett St Surry Hills, Sydney property

46 Bennett St, Surry Hills sold under the hammer for $1.38 million.

Having bought the three-bedroom property in 2006 for just $620,000, the sellers of 46 Bennett St achieved the goal of all savvy investors – they bought at the bottom of the market. With Sydney’s boom now reaching its peak, now was the perfect time to sell.

Agent Charles Touma of Belle Property Surry Hills issued 10 contracts during the open house campaign, but the auction was a battle of two.

The winning bid of $1.38 million beat the reserve by $30,000.

Just one suburb over in Redfern, though, the returns were even more impressive when a two-bedroom semi at 33a Albert St, also listed with Charles Touma, sold for six times its last purchase price. The home sold for $877,000, after last changing hands in 1996 for $140,000.

FAST SALE

A BRONTE apartment was snapped up after only a week on the market for $980,000. The two-bedroom property at 1/14 Lugar St was marketed with a price guide of more than $890,000.

1-14 Lugar St, Bronte, Sydney property

1-14 Lugar St, Bronte has sold for $980,000.

Selling agents Adrian Bo and Thomas Heath sold it to a local young couple via a buyer’s agent.

“I did have a lot of interest in the property due to the prime Bronte location and the lockup garage,” Mr Bo said.

The apartment, which does not have a balcony, is in a boutique block of just six.

Published: November 11, 2015

By: Melissa Kehagias

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