Real Estate

Quiet coastal town’s residential price record smashed

Quiet coastal town’s residential price record smashed
Written by The ReReport
As seen in the Source link, written by on 2019-05-17 13:00:00

14 Bambery St, Fingal Head, is the town’s new residential price record holder.

A record price has been paid for a prestige Fingal Head property that will be used as a holiday home by interstate buyers.

The eye-watering sale of the luxury house has blown the previous residential record out of the water by more than $1 million.

Fingal Head’s benchmark is now a whopping $4.25 million.

The new benchmark for the quiet New South Wales costal town, which lies 5km south of the Queensland border, is a whopping $4.25 million.

CoreLogic records show the town’s previous record was held by the $3.225 million sale of a six-bedroom house at 36 Queen St in 2015.

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The two-in-one property sold to interstate buyers.

It will be used as a luxury holiday home.

The new record holder at 14 Bambery St is a stylish four-bedroom, tri-level house with a separate two-bedroom guesthouse. Both are perched on an elevated 917sq m block that sits between the Tweed River and Pacific Ocean.

Kollosche Broadbeach director Michael Kollosche, who sold the property alongside Rob Lamb, said the location, architecture and quality of the build were what made this property stand out to the buyers.

“The existing owners are in the building game so they spent a lot of effort and money creating a quality home down there that stands head and shoulders above anything else we have seen there,” he said.

“They could appreciate the quality and detail while still being quite a low-maintenance property.

“The separate guesthouse was quite appealing for those coming up from interstate as there is room for other family members and friends to stay without being on top of each other.”

The house features plenty of luxury inclusions, such as a home cinema.

And a bathtub with a view.

Mr Lamb said they had to source buyers from the Gold Coast, Sydney and Melbourne looking for a luxury home in a quiet location.

“The house was fairly exceptional for the area,” Mr Lamb said. “We didn’t have any comparable homes to this prestige property.”