Real Estate

St Kilda apartment attracts $3.3 million deal

Written by The ReReport
As seen in the Source link, written by on 2018-12-17 23:00:20

A penthouse at 47/1 St Kilda Rd, St Kilda was one of Melbourne’s top sales last week.

A St Kilda apartment notched one of Melbourne’s loftiest sales last week after a $3.3 million deal was penned for the property.

The penthouse pad at 47/1 St Kilda Rd sold via an expressions of interest campaign which attracted four offers.

The property had a $3.2-$3.5 million price guide and sold to a young, single professional who plans to lease the property out and one day move in.

The property last sold for $1.6 million in 2006, according to CoreLogic.

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The six-bedroom apartment sold for $3.3 million.

A young professional secured the keys.

Kay & Burton Armadale agent Andrew Smith said the result was a shining light in a challenging market.

“It’s a pretty extraordinary apartment and a pretty strong result for the market, which speaks about the area and the apartment itself,” Mr Smith said.

“St Kilda the last few months has certainly come a long way in terms of improvements, including the Gatwick and the opening of the Espy Hotel.

“If it’s compelling, it’s selling.”

The new owner plans to rent the property.

It had a $3.2-$3.5 million price guide.

The six-bedroom pad features views across Port Phillip Bay and the city skyline, a huge wraparound terrace and a contemporary fit-out.

“Outstanding, unique properties in good positions are in short supply and because of the rareness of such a find we are still finding we have multiple buyers for them,” Mr Smith said.

45 Seymour Rd, Elsternwick - for herald sun real estate

The $3.59 million sale of 45 Seymour Rd, Elsternwick was another of Melbourne’s top sales last week.

10 Alister St, Fitzroy North - for herald sun real estate

As was 10 Alister St, Fitzroy North, which notched a $3.075 million sale.

The result came in a week when Melbourne returned a 46.9 preliminary clearance rate from 1179 auctions, according to CoreLogic.

It sat among other impressive sales including a dated Elsternwick house at 45 Seymour Rd which flew $590,000 past reserve to a $3.59 million sale.

And a near-new luxury Fitzroy North house at 10 Alister St, which sold under the hammer for $3.075 million.

Just 204 homes are expected to head under the hammer this week in the lead up to Christmas.

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