Real Estate

Rozelle pool house withdrawn, hoping for a summer buyer

Written by The ReReport
As seen in the Source link, written by on 2018-12-15 02:07:18

This Rozelle home with its rooftop pool comes with all the trappings of the perfect summer home, but it’s yet another victim of Sydney’s credit crunch.

The three-bedroom, three-bathroom terrace designed by Sam Crawford Architects with double parking at 21C Margaret St had been scheduled to go to auction early this morning with a price guide of $3.5 million.

CoreLogic says there are more than 523 auctions scheduled for Sydney. “This is actually 24 more than for the same Saturday last year,” CoreLogic auction commentator Kevin Brogan said.

But in the lead up to today, agents across the city were scrambling to seal a deal prior. That didn’t happen for the Margaret St home.

And with the hoped-for buyers unable to secure finance, as is now common across the Sydney market, Lynsey Kemp of Belle Property was forced to withdraw the home from today’s scheduled auction.

“They’re not in a position to buy,” Ms Kemp said.

The stunning property is owned by Sofia Capodanno, a qualified nutritionist, and Hayden Hills, the Chief Financial Officer for KU Childcare, who live there with their two Hungarian Vizslas Roxy and Juju.

They’re planning a sea-change to Kiama, and are hoping those interested can get their finance through soon or that it will attract another buyer. The home is now listed for sale at $3.75 million.

“It will be open for inspection next Saturday or otherwise by appointment,” Ms Kemp said.

Apart from its beautiful design it has harbour views across to Cockatoo Island and is considered one of the best on the market.

Yesterday agents across the inner west were frantically trying to pull together deals ahead of what for many will be the last auction day of the year.

Buyers are often distracted by Christmas parties and preparations, though some agents were proceeding today.

Raine and Horne Marrickville’s Fillipo D’Arrigo and Michael Pizzata have decided to have their final auctions next Wednesday night.

Four auctions are scheduled and are expected to proceed, including a charming two-bedroom garden residence in Marrickville’s prized Warren Estate at 28 Roseby St, which has a price guide of $1.35 million.

“The in-room process works for us, eliminating external factors like flight noise, the weather and parking,” Mr Pizzata said.

“And 6.30 is a good time, when people finish work.”

He says being so close to Christmas wasn’t an issue. “I think if someone wants to buy a property they’ll be there,” Mr Pizzata said.