Real Estate

boom times in tiny suburb

Written by The ReReport

1 Bayview St, Tennyson Point.

A NEW duplex in Tennyson Point has sold for $1.838 million prior to auction.
The property at 1 Bayview St is next door to its almost identical neighbour on 130 Morrison Rd, which goes to auction on Saturday, November 17, with a buyers guide of $1.7 million.
Joseph Mazar from Ray White — Gladesville and Ryde said 25 groups inspected the four-bedroom, three-bathroom duplex and three buyers made offers.

“People love new quality properties and this was more affordable for this area,” Mr Mazar said.
The new owners are a young couple upgrading from an apartment in Rhodes.
Each duplex contains a lockup garage, gourmet kitchen, blinds, alarm and quality finishes.
Tennyson Point is tucked in between Gladesville and Putney, with the peninsula end of Beach St, Tennyson Rd and Champion Rd overlooking bays in the Parramatta River.

1 Bayview St, Tennyson Point, sold before auction for $1.838 million.

The real estate market correction has yet to have an impact on the small suburb, which posted an 8.3 per cent house median sale price over three months and 15.5 per cent in the 12 months to August as recorded by CoreLogic RP Data.
Other recent sales include that of a riverfront property at 25 Beach St, Tennyson Point. The knock down and rebuild house on a 1113sqm block with a sliver of beach sold in late October for $4.96 million.

25 Beach St, Tennyson Point.

A new duplex at 8A Kemp St, Tennyson Point, goes to auction on Saturday, November 24, through Michael Gallina and Cameron Brown at Belle Property Hunters Hill, with a price guide of $2.25 million.
Mr Gallina said a raft of factors played into Tennyson Point’s popularity.
“First of all, there are just over 300 properties in Tennyson Point and sales are few and far between,” he said.
Large blocks of land, an idyllic peninsula location, a lack of high-rise developments and no thoroughfare to other suburbs also appealed to buyers, he said.
“And there are a variety of properties, from those with development potential to character homes and a selection of new homes.”
Mr Gallina said the Kemp St duplex was the size of a house, covering over 200sqm internally, on a 440sqm block.
“The quality is impeccable all the way through,” he said.

8A Kemp St, Tennyson Point, has a price guide of $2.25 million.

Tennyson Point has a median sale price of $3.05 million.
Five of the seven properties currently for sale in the suburb are slated for auction.

8A Kemp St, Tennyson Point, goes to auction on Saturday, November 24.

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