26.08.2020 Views

dwell. on the Northern Beaches. 270820

Crescent swoon

Crescent swoon

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Nor<strong>the</strong>rn <strong>Beaches</strong><br />

Total sales<br />

The Stats.<br />

A trio of street records tumble<br />

A 2020 Bilgola Plateau record has been set with <strong>the</strong> recent sale<br />

of 26 York Terrace (above) for just shy of $3.4 milli<strong>on</strong>. Selling<br />

agent Brett Marsden of Bay.View.Beach Real Estate says it took<br />

<strong>on</strong>ly three open homes and 38 inspecti<strong>on</strong>s to secure a buyer for<br />

<strong>the</strong> c<strong>on</strong>temporary residence which also claimed a street record.<br />

“We normally need 80 to 90 inspecti<strong>on</strong>s before we get anything as<br />

c<strong>on</strong>crete as what we did,” he says. “But <strong>the</strong> people who saw <strong>the</strong> place<br />

literally fell in love with it.”<br />

Set atop <strong>the</strong> escarpment with expansive ocean views, <strong>the</strong> architectdesigned<br />

property attracted a mix of local and out-of-area buyers<br />

including two families who had recently migrated from <strong>the</strong> UK.<br />

A street record also tumbled in Balgowlah, with 15 Jacks<strong>on</strong> Street<br />

sold in just nine days for $3.805 milli<strong>on</strong>. Selling agent Hugo Ortega<br />

from Etch Real Estate says he fi elded more than 300 inquiries <strong>on</strong> <strong>the</strong><br />

character home near North Harbour and negotiated with six parties<br />

for <strong>the</strong> sale, with <strong>the</strong> eventual buyer a young family upgrading from<br />

Manly.<br />

Ortega says demand in <strong>the</strong> area is “ultra high” with buyers from <strong>the</strong><br />

upper north shore and eastern suburbs out in force.<br />

“If we could get 10 more listings I think we could sell 10 more<br />

homes this m<strong>on</strong>th,” he says.<br />

And in Cromer, Cunninghams’ Matt Nicastri scored a street record<br />

with <strong>the</strong> sale of 22 Wambiri Place for $2.115 milli<strong>on</strong> at an August 15<br />

aucti<strong>on</strong>. The 1980s, four-bedder boasts rare, multi-level views across<br />

<strong>the</strong> district to L<strong>on</strong>g Reef and Dee Why beaches and Narrabeen Lake.<br />

Nicastri says <strong>the</strong>re were four registered bidders <strong>on</strong> <strong>the</strong> day,<br />

including buyers from <strong>the</strong> north shore and Manly, but ultimately a<br />

local family came up trumps.<br />

renowned art dealer Shirley<br />

Wagner, <strong>the</strong> property will be<br />

sold by an expressi<strong>on</strong> of interest<br />

campaign with a price guide of<br />

$20 milli<strong>on</strong> to $22 milli<strong>on</strong>.<br />

“The house is solid but it needs<br />

some work,” says Nichols<strong>on</strong>. “You<br />

might spend $4 milli<strong>on</strong> to $5 milli<strong>on</strong><br />

updating it – whoever buys it is<br />

going to put <strong>the</strong>ir stamp <strong>on</strong> it. This is<br />

a unique opportunity for somebody<br />

to own <strong>on</strong>e of <strong>the</strong> best properties <strong>on</strong><br />

* Week ending August 23<br />

Median price for houses<br />

$1,853,500<br />

Median price for units<br />

Houses:<br />

42<br />

(same<br />

Units:<br />

23<br />

(same<br />

$959,000<br />

* Based <strong>on</strong> 12 m<strong>on</strong>ths to August 23<br />

time last<br />

year 51)<br />

time last<br />

year 57)<br />

Top reported weekly sales<br />

Houses<br />

$3.805 milli<strong>on</strong> 15 Jacks<strong>on</strong> Street Balgowlah<br />

$3.2 milli<strong>on</strong> 6 Halesmith Road M<strong>on</strong>a Vale<br />

$3 milli<strong>on</strong> 3 Stanley Street M<strong>on</strong>a Vale<br />

Units<br />

$1.9 milli<strong>on</strong> 401/1-3 Raglan Street Manly<br />

$1.552 milli<strong>on</strong> 7/52 Griffi ths Street Fairlight<br />

$1.525 milli<strong>on</strong> 12/28-30 Golf Avenue M<strong>on</strong>a Vale<br />

* As of August 23<br />

CoreLogic Data August 23<br />

<str<strong>on</strong>g>dwell</str<strong>on</strong>g>.sydney August 29, 2020 3

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!