Real Estate

almost two year wait for buyer finally ends for burwood vendor

Written by The ReReport

A BUYER has finally emerged for a lavish Burwood home after being listed for almost two years.
Several sales and offers fell through from December 2016 before a couple of newcomers to Australia paid $2.43 million for the six-bedroom 70 Somers St house.

The home notched 672 listing days with a couple of agents before LLC Real Estate took it on in May.
“We had several inspections for the property and also had to revise the asking price during the private sale campaign,” LLC agent Yin Yin Loh said.
CoreLogic records show the property was listed for $2.5-$2.6 million from August to early October this year.

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The grand formal lounge area.

70 Somers St BurwoodThe home has two indoor and one outdoor kitchen.

The listing board in front of the house was also taken down and only private inspections were organised.
“Then offers started coming in, including one for $2.2 million which the vendors rejected,” she said.
“There were three other offers around $2.3 million before the Chinese buyers made their offer. Interestingly, several more buyers wanted to make offers after the house had sold.”
The house on 618sq m sold to a family from China who were renting in Doncaster and had been granted permanent residency recently.

70 Somers St BurwoodAnother living area.

70 Somers St BurwoodOne of the six well-appointed bedrooms.

The result was the fourth highest price for a house in the suburb on under 1000sq m, sales records show.
The three-year old home offers 560sq m of living and a French provincial-style design. It features high ceilings, Tasmanian oak floors, balconies, lavish ensuites, large living zones, alfresco dining zone, three kitchens, theatre room and a grand staircase.
The City of Whitehorse suburb recorded a median house price of $1.37 million in the year to July, CoreLogic data shows. The median price rose 29 per cent over a three-year period.

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