By Herron Todd White
November 2019

In 2018, suburb and region records were sent tumbling right across the city, including the Australian record. While 2019 has been more subdued in regard to trophy homes and record sales, there have been some amazing homes which have either sold or hit the market.

SALES

23 Newton Road, Strathfield

Recently sold in June 2019 for $7.1 million and previously sold in 2016 for slightly less at $6.8 million.

This estate style property is set on over 2,000 square metres (or half an acre) within a sought-after street of Strathfield. Strathfield is located approximately 15 kilometres from the CBD, however, is still a highly regarded locality particularly due to being surrounded by prestigious schools, parks, shopping and transport hubs, grand properties and sought after neighbourhoods such as the golden mile.

23 Newton Road includes circa 1920s period style features, manicured gardens and in-ground pool, tennis court, four-car garage plus additional parking for up to eight vehicles.

Bells Line of Road, Mount Wilson

A unique sale of 4.2 hectares of extensively landscaped gardens with two dwellings in Mount Wilson, a well-regarded enclave within the wider Blue Mountains area. Selling for $2 million, this property is located off the Bells Line of Road, just under two hours from the Sydney CBD and has one of the best landscaped gardens in New South Wales. The property sold through Iris Property.

38-40 Station Street, Newtown

We have just seen the sale of an extremely unique property in the inner west suburb of Newtown. Situated at 38-40 Station Street, the property sold at the start of September this year for an undisclosed price, although it is expected to be at the upper end of the Newtown sales market. The property itself was built circa 1934 and was utilised as a Masonic Hall before being converted to residential use.

The main residence is situated over two levels with a modern fit-out and features ceiling heights of between 4.2 and 4.8 metres throughout. The sub-floor level comprises a massive workshop, storage and studio area, extremely rare for the high-density suburb of Newtown. The overall living area is reported to be 799 square metres, including the sub-floor level, and has a flexible floor plan with the upper level currently comprising a second kitchen allowing for dual living if desired.

As expected for a property of this nature, the open home inspections were extremely busy, with local residents finally getting a chance inside one of Newtown’s iconic homes. Although the property is unique and appeals to a specific buyer, the property was sold within 36 days according to RP Data records.

38 Bower Street, Manly

38 Bower Street, Manly is currently under contract for reportedly in excess of $16 million. The property sold through Clarke & Humel in August 2019 after only eight weeks on the market. An architecturally designed trophy home set in the exclusive Fairy Bower oceanfront setting, the property garnered interest both locally and internationally, however, the buyer has not been identified. The sale is a new suburb record previously held by 68 Bower Street, Manly, havin sold in 2018 for $16 million.

41/62 North Steyne, Manly

No surprise that the highest unit sale is also located in the premier suburb of Manly. 41/62 North Steyne, Manly sold for $4.55 million in August 2019. This four-bedroom, two-bathroom penthouse unit is situated on the 14th floor of a 1970s building. The sale provides exceptional views over Manly Beach and perfectly suits a local downsizer.

28 Matthew Flinders Place, Burraneer

The highest sale in the Sutherland Shire so far in 2019 is a large waterfront property in Burraneer. The property, which sold through Greg Gilbert Real Estate, was a large, 1,293 square metres, deep waterfront lot with expansive Port Hacking and Royal National Park views. Improvements comprise a large renovated six-bedroom main home, separate two-bedroom accommodation at the street front, boat shed, jetty and slipway. The property spent 105 days on the market before selling in early February for $6.5 million.

20B Tivoli Avenue, Rose Bay

It has been a subdued year in the eastern suburbs trophy home market so far in 2019, however this harbour front home sold in February for $23.56 million through Ben Collier of The Agency. The property comprises a contemporary four-bedroom home with high quality finishes, with four-car garage and boat shed and deck at the water’s edge, on a 675 square metre allotment. The main selling point, however, is the view of the iconic harbour capturing the CBD skyline, Harbour Bridge and Opera House.

A similar property next door subsequently sold off market in May for $22.6 million.

LISTINGS

52A Cranstons Road, Middle Dural

A custom-built Hamptons inspired 136 square home (1,200 square metres) featuring a home cinema, billiards room, tennis court, large inground pool and covered car accommodation for up to 13 vehicles. This area has seen some large sales over the past few years as the value increases seen for standard dwellings flow out to the rural lifestyle market. This area is also home to a number of high net worth individuals who have the means to build large high-quality dwellings on five acres of landscaped land.

The property is listed through William Brush LJ Hooker Dural with expectations over $9 million.

1-10 Railway Parade, Springwood

Another Blue Mountains special is 1-10 Railway Parade Springwood, an early 1800s Victorian era manor with its very own medieval turret tower! It is a fully renovated property providing six bedrooms and four bathrooms. The property is listed through Purcell Property.

Keepers Cottage, Vaucluse

This unique heritage-listed property on Old South Head Road is back on the market after selling in 2016 for $7.5 million. The property was built in 1881 and comprises four bedrooms, three bathrooms and a three-car garage, on a large 2,600 square metre allotment surrounded by parkland. Price expectations this time around are between $8 and $8.5 million.

The property has also recently been leased at $4,200 per week.

RENTALS

28B/171 Gloucester Street, The Rocks (Stamford Residences)

This sky home is located on the top three levels of the building and has recently been advertised for rent (fully furnished) with an asking price of $5,750 per week with a four-week bond ($23,000). According to CoreLogic sales history, the last transaction took place in 2015 for $9.1 million.

This tri-level penthouse which spans over 522 square metres is located within the highly sought after Stamford Residences which benefits from five-star amenities including concierge, meeting rooms, swimming pool, spa and gym. The accommodation mix comprises four bedrooms, four bathrooms and a three-car garage.

For $5,750 per week, or approximately $300,000 per year, you can expect the following features: C-Bus lighting; Calcutta marble bathrooms; steam oven; plate warmer; and other high-end finishes throughout. There are also expansive city skyline and harbour views throughout and internal lift access to all three levels.

Clifton Gardens, Mosman

The short-term prestige rental market is extremely popular over the summer months on the Lower North Shore, particularly for properties within close proximity to beaches and the harbour. Although short-term rentals are not reflective of the general rental market, landlords are increasingly utilising the premiums achieved over the summer months as part of their investment strategies.

One such property available for lease over the Christmas period is listed in the Clifton Gardens pocket of Mosman, renting for approximately $23,000 per week over the summer holiday period. The property comprises four bedrooms, four bathrooms, swimming pool, tennis court and appreciating restricted harbour views.

180 Whale Beach Road, Whale Beach

The warmer months lend themselves to shorter-term holiday rentals and astute investors capitalise on such opportunities. 180 Whale Beach Road, Whale Beach is no exception. This architecturally designed four-bedroom, four-bathroom trophy home with sweeping Whale Beach views can accommodate up to 12 guests and can achieve between $20,000 and $25,000 per week during peak periods.

Speak with a Sydney Mortgage Broker today.

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