Real Estate

Luxury attracting prestige buyers in Sydney’s northwest

Written by The ReReport
As seen in the Source link, written by on 2018-12-18 06:59:24

AN opulent seven-bedroom Dural mansion which sold for $10.85m earlier this year has topped the list of prestige property sales within Sydney’s northwest.

The 2ha acreage at 19 Carters Rd, known as the Moncur Estate, officially became the most expensive home to ever sell in The Hills when it was bought by an overseas buyer back in March.

The lavish home, which has chandeliers in its bathroom, also features a walk-in wine cellar, a movie theatre and sandstone pavilion overlooking the inground swimming pool.

It wasn’t the only multimillion-dollar property to set records during 2018, with other luxury homes setting new price highs in Middle Dural, Kellyville and Bella Vista.

A sprawling four bedroom home set on 3.14ha at 776 Old Northern Rd sold for $5.8m in June. Among its luxury inclusions is formal garden screened by hedging, an in-ground pool and alfresco dining.

“It is a beautifully built home,” said selling agent Sandy Ward from Ray White Dural.

“The prices in the top end of the market seem to have held up and are quite strong which is evidence by this sale.

“We have been running open homes in the top end which is something that we never used to do, but we have started because it gets people talking about it and word of mouth out here is very important.”

At Kellyville, a contemporary style home at 28-28a Strathfillan Way sold for the unusual sum of $3.325123m; while a gated double-storey residence at Bella Vista sold for $3.45m.

Figures from CoreLogic RP Data show that most of the disclosed highest sales were recorded in the first half of the 2018.

This includes the Glenhaven residence sold by former Yellow Wiggle Greg Page for $3.7m back in January. The 3539 sqm property at 170 Glenhaven Rd, with tennis court and swimming pool, set a price high for the suburb which remained unbeaten throughout the year.

An Art Deco revival style residence on Pennant Hills Rd, Carlingford was the highest priced property to sell in its suburb. The restored 1940s-built home called ‘Bluebird’ fetched $2.65m back in May.

A number of residential development sites within established pockets in Sydney’s northwest were also listed onto the market during 2018.

Among them, 127 Aiken Rd, West Pennant Hills — one of the last acreages remaining the suburb. The 20,000 sqm property sold for $5.85m after a four month campaign with civil works currently under construction.

The highest residential sale recorded in West Pennant Hills was 4 Yarpole Ave which fetched $2.7m in January. It was one of 20 sales of $2m or more recorded in the suburb during the past year, in comparison to more than 45 achieved in 2017.

Jenny Carr from Louis Carr Real Estate said the lack of sales over $2m in West Pennant Hills was a result of a lack of listings and not the market.

“Just fewer people in the price bracket decided to sell,’’ she said.

“The trains are an exciting point of difference that we haven’t had in this area and we think that when people can see it happening, and with the North Connex, that will make people want to do something.”

Highest sales in The Hills

Dural — 19 Carters Rd, sold for $10.85m (March)

Middle Dural — 776 Old Northern Rd sold for $5.8m (June)

Kenthurst — 36 Pitt Town Rd sold for $4.82m (March)

Castle Hill — 3 Lomond Place sold for $3.8m (June)

Glenhaven — 170 Glenhaven Rd sold for $3.7m (January)

Bella Vista — 30 Bridgeview Circuit sold for $3.45m (April)

Kellyville — 28-28a Strathfillan Way sold for $3.325123m (February)

Glenorie — 92 Cairnes Rd, Glenorie sold for $3.01m (February)

West Pennant Hills — 4 Yarpole sold for $2.7m (January)

Carlingford — 252 Pennant Hills Rd sold for $2.65m (May)

Cherrybrook — 8-10 Yanderra Grove sold for $2.635m (April)

Rouse Hill — 10 Pelligrino Grove sold for $2.175m (March)

Galston — 20 Mansfield Rd sold for $1.94m (March)

Source: CoreLogic RPData