Artarmon sale smashes reserve by $350,000

Artarmon sale smashes reserve by $350,000

Winter has certainly gone out with a bang on the upper north shore, following a week of record sales and smashed reserves. A strong auction was anticipated for a renovated Artarmon home on Saturday, following plenty of interest throughout the campaign, which culminated in a sale that went $350,000 above the reserve. There were 341 email inquiries, 216 inspections and 35 contracts issued on the four-bedroom house at 10 Hawkins St, Ray White Lower North Shore listing agent Steve Cakmak said. Saturday’s auction attracted 13 registered bidders, with the home selling for $2.15 million. “We anticipated a lot of interest before marketing because it’s a unique offering for Artarmon being on a smaller land size than average for the suburb of approximately 350sq m,” Mr Cakmak said. “This attracted a large demographic of buyers, including young families trying to get a foot in the door of Artarmon.   STREET RECORD IN NEIGHBOURING Chatswood, a home described by Richardson & Wrench Chatswood principal Warren Levitan as a “renovate or rebuild” job was snapped up prior to auction for $600,000 above the asking price. Mr Levitan negotiated with four buyers to sell the three-bedroom Californian bungalow at 4 Milton St, which had been listed with $2.5 million to $2.7 million price hopes. It was bought by a local Chinese family for $3.3 million, smashing the previous street record of $2.68 million, according to CoreLogic RP Data. It last traded at the end of 2013 for $1.55 million. “We received a very good offer of $2.8 million, which the owner was willing to take,” Mr Levitan said. “This represents a street record and, in fact, an area record for an unrenovated home on only 556sq m of land.”   HIGHEST SALE A MODERN family home in St Ives sold under the hammer for $2.551 million, representing the suburb’s highest sale that week. Nine parties registered to bid on the four-bedroom home at 1 Mudies Rd, following a strong campaign where 22 contracts were issued. The property offers 1045sq m on title, including a 25m street frontage, large entertaining deck, Caesarstone barbecue area, swimming pool...

Read More

Hunters Hill waterfront estate gains $1.3m in value in just two years

Hunters Hill waterfront estate gains $1.3m in value in just two years

A Hunters Hill property that sold for $3.85 million two years ago has once again exchanged hands for $5.15 million. The property was listed with a buyers’ guide of $4 million. It sold for $750,000 above reserve. Agent Nicholas McEvoy from BresicWhitney Hunters Hill said the sale price was exceptional considering the property’s location — further away from the prestigious Hunters Hill peninsula and closer to the Boronia Park precinct at 35 Bonnefin Rd. “It shows just how strong the market is overall in the area,” Mr McEvoy said. He claimed a new record for the non-peninsula side of the suburb. Four registered bidders vied for the four-bedroom home designed by award-winning architect Alex Popov and built in 1990 at the end of a steep block with river views. Bidding started at $4 million. “It was a frenetic auction with strong competition between two buyers attracted to the location and architectural style of the house. The design and view were the two big drawcards,” Mr McEvoy said. He said there were several “sharp intakes of breath” from the assembled crowd as the bidding escalated to the final outcome. Mr McEvoy would only reveal that the new owners were “out of area”. The vendors were based overseas.   SOLD AFTER AUCTION Although 16 Aeolus Ave, Ryde, passed in at auction for $2.2 million, the five-bedroom home ended up selling for $2.45 million. A crowd of about 160 gathered to watch the auction, many of them locals checking out the market, according to agent Benjamin Mulae from First National Hunters Hill, Gladesville and Ryde. After the auction, Mr Mulae negotiated the sale price up. “It was a great outcome for the vendors,” Mr Mulae said. He said the seven registered bidders were families who liked the elevated position and uninterrupted city views. The new owners are a couple with one child upsizing from a townhouse in Newington.   By: Shayne Collier Published: August 24,...

Read More

Eastern suburbs home with no parking sells for almost $3.5m

Eastern suburbs home with no parking sells for almost $3.5m

A Paddington terrace with no parking has sold for $3.405 million at auction. The property at 126 Windsor St was listed with The Agency selling agents Michelle Andrewartha and Daniel Baran. Fully renovated, the tri-level, three-bedroom home has one bathroom and no off-street parking. There are period features throughout the property including original marble fireplaces, ceiling rosettes and external iron lacing. There is also rear lane access. The property last exchanged in 2008 for $2.775 million. House prices in Paddington have seen a growth of 9.6 per cent over the past 12 months, according to CoreLogic. The median house price is currently $1.855 million.   NO RENOVATIONS A CALIFORNIAN bungalow in original condition has sold for an impressive $3.254 million. The 2 Avoca St, Bondi time-warp had been tightly held for more than 60 years. It features decorative carpet in the living areas, ornate wall paper in the bedrooms and linoleum floors in the kitchen. The bathroom features a pink and blue motif with floral wallpaper. It sold through Raine & Horne Double Bay’s Paul Langsam. The median house price for Bondi is $2.15 million.   ON THE MARKET A SURRY HILLS warehouse conversion has come onto the market with price expectations of $7 million. The Bennett St property was bought in 2012 for $5.71 million. The current owners bought the property fully renovated and added further improvements. Externally the three-level home has an industrial-style, brick facade while inside, textured timber floorboards, exposed beams and high ceilings also reflect this architecture. Sotheby International’s Harriet France said the property had so far experienced strong interest from buyers. “A lot of international types like the Manhattan lifestyle,” she said. “[Warehouse conversions] are certainly something people want and like. It’s that idea of a flexible living space, loft-style with high ceilings and big open-plan spaces.”   By: Melissa Kehagias and Annabel Hennessy Published: August 17,...

Read More