Real Estate

suburbaes most valuable home on oceanfront for summer rental

Written by The ReReport

Collaroy’s recent big sale for rent over the summer.

Collaroy has just notched up two massive oceanfront sales and now one of the properties with full frontal ocean views is for rent over the summer.
Number 43 Beach Rd sold last month for $8.25 million along with its neighbour number 41 Beach Rd which sold for $7.25 million. Both sales are head and shoulders above the previous suburb record of $6.3 million, according to CoreLogic.

Set for the wrecking ball but up for rent over the summer.

The two neighbouring properties were also bought together with reports that the new owner who lives nearby intends to build a home on the combined 1520sqm block.
Lauren Bridges, of Belle Property, said a number of families inspected the five-bedroom home with studio at 43 Beach Rd to rent short-term.
“People who came through were families who had sold and waiting to purchase again,” she said.
“The house is large and would suit families and the rental includes office space,” she said.
And while the rental is a short-term one it is expected the house will be available for at least the summer.

Looking straight into Collaroy Basin.

Inside the Beach Rd house in a coveted position.

The average rent for a house in Collaroy is $1300 per week, according to CoreLogic. But the Beach Rd property is expected to rent for much more.
Next door, number 41 Beach is a classic Collaroy home with sandstone paving and pine trees.

The older home at 41 Beach Rd, Collaroy. .

The pool which is only a few years old.

The twin sales show great confidence in the Collaroy oceanfront. The Basin area of Collaroy near Fishermans Beach and the rock baths is very coveted. The two Beach Rd sites last traded in the 1980s and were owned by the late Ronald Smith who created a family compound on the two blocks. Records show sand and gravel businessman Mr Smith bought the first house in 1981 for $245,000 and then acquired next door in 1989 for $800,000.


The new owners of the double block already live nearby and know and love the Basin area.
The $15.5 million sale for the two blocks is a big sale for the northern beaches which has a median house price of $1.8 million.
The sale was negotiated by Alison Coopes of Agency by Alison Coopes in conjunction with Brendan Pomponio of Belle Property Collaroy.

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