North shore: run-down home in Chatswood achieves top sale of the week
A run-down historic home in Chatswood has sold after being listed for the first time in more than 30 years.
Set on an 865sq m corner block, the four-bedroom house at 107 Archer St features a northeast aspect, period features and off-street parking. It is also just minutes from Chatswood CBD, Beauchamp Park, schools and the station.
Despite being in need of a major overhaul, the home secured one of the top sales results of the week, fetching $2.843 million. The property sold through Savills Cordeau Marshall Lindfield agent Raymond Lin.
Two weeks was all it took for an original condition Pymble home to be snapped up for $200,000 over the price guide.
Offered for the first time in more than half a century and set on a 916sq m block at 9 Orchard St, the four-bedroom home attracted more than 160 inquiries and 100 groups through inspections.
The property had been listed with a guide of $1.65 million to $1.75 million with a scheduled auction date of May 17. It sold for just under $2 million.
Savills Cordeau Marshall agent William Chan said that it was the most amount of interest he had received in a property all year.
“This was the perfect property for a multitude of buyers,” he said.
“It was on a very large block with a wide frontage, no easements, and is within walking distance to Pymble Public School and Pymble Ladies’ College – huge drawcards for any family.
“Additionally, buyers love this street – it is quiet and leafy. We even had neighbours on the street inquiring to purchase as it was one of the last remaining older style homes in the street.”
LACK OF STOCK IN THE NORTH SHORE
IN WAHROONGA, an updated family home just minutes from the station sold at auction for $2.8 million.
Seven buyers registered to bid on the four-bedroom home at 50 Billyard Ave, and following an opening offer of $2.2 million, it was eventually secured by a buyer from Rhodes.
Set on the high side of the street, the full brick property features separate living and dining options, a modern eat-in kitchen and a pool.
“Big quality homes in great locales are very much sought after still, given the scarcity of properties, and we’ve got many people waiting for new properties to come available,” McConnell Bourn Wahroonga agent Andy Howden said.
He added that despite the obvious lack of stock currently, buyers genuinely want to live in Wahroonga all of the time.
“More people are wanting to buy than those who are wanting to sell, leading to some great prices,” he said.
Published: May 13, 2016
By: Erin ForsterTags: auction, chatswood, family, historic, home, homes, house, Lindfield, north, parking, sales, schools, 上北岸, North shore, 悉尼房产, 拍卖, 车士活