Marsfield deceased estate sells for more than $2 million

Posted by on May 11, 2016 in Market Reports | 0 comments

Marsfield deceased estate sells for more than $2 million
北区 Marsfield 悉尼房产

4 Winston Rd, Marsfield

A deceased estate in Marsfield has sold at auction for an “exceptional” $2,020,500, while an audience of almost 200 looked on.

More than 100 parties inspected the double-brick house at 4 Winston St, which has been vacant for nine years.

Overwhelmed by inquiries from buyers – 62 contacts were issued and offers made prior to auction – sales agent Betty Ockerlander from McGrath Epping brought the auction forward a week.

On auction day, 28 parties registered to bid.

The property’s limitations did not deter buyers who were interested in the potential of the 860sq m block with a 24m-frontage.

Few were put off by the traditionally negative attributes that included a sloping block on the low side of the street.

Ms Ockerlander was surprised by the high level of interest.

“It was exceptional,” she said. “It’s up there with the peak (of the housing boom) last year.”

About 12 months ago, similar properties were achieving sale prices between $1.6 million to $1.7 million, Ms Ockerlander said.

“This year it is more like $1.4 million to $1.5 million.”

Ms Ockerlander said buyers wanted properties close to amenities such as Macquarie University, Westfield and the railway station, 1.3km from the front door.

The new owners are a local family who live “around the corner”.

They plan to build a duplex on the site (subject to council approval) for their family and extended family.

 

QUALITY OFFERING

悉尼房产 Eastwood 北区

205 North Rd, Eastwood

Offers from several buyers led to the pre-auction sale of 205 North Rd, Eastwood, for $2.36 million.

The new luxury home with six bedrooms and three bathrooms sold to a buyer from Chatswood.

Sales agent Jerry Dionisatos from Green Real Estate Agency West Ryde said Eastwood offered value for money.

“The buyer wanted a nice, modern home in a good location,” Mr Dionisatos said

“It was perfect for his family and different from a lot of the other new homes he’d been looking at.”

 

RECORD FOR GLADESVILLE

Gladesville 北区 悉尼房产

65 Wharf Rd, Gladesville

A local who lives in an adjoining suburb was one of the first buyers to view 65 Wharf Rd, Gladesville.

He was one of several interested parties who made an offer of more than $7 million on the waterfront property that has a 180-degree outlook encompassing Cabarita and Breakfast Point across the Parramatta River.

The six-bedroom six-bathroom home on a 942sq m block sold prior to auction for $7.095 million.

It is a new record for a residential property sale in Gladesville.

Agent John Paranchi from McGrath Hunters Hill said the property was a rare find, with direct access to a private jetty and pontoon. Built in 2005, the three-level home is in original condition.

“It is structurally sound and has a great floorplan but it is ready for a facelift,” Mr Paranchi said.

 

Published: May 11, 2016

By: Shayne Collier

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