Real Estate

Three Mornington Peninsula homes find buyers after long wait

3247 Point Nepean Rd Sorrento
Written by The ReReport
As seen in the Source link, written by on 2019-01-29 09:12:07

A landmark Sorrento home left unsold for two summers has found a buyer third time round.

And two other prestige homes unsold after four and six months respectively also found buyers just before the Australia Day weekend.

An original beachfront property at 3247 Point Nepean Rd, Sorrento, sold for $3.21 million to Melbourne buyers who plan to renovate and use it as a holiday weekender.

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Inside 3247 Point Nepean Rd.

The five-bedroom house was listed from December 2016 for a year before being withdrawn from the market.

“We took over the listing and after four months on the market, it finally sold,” Peninsula Sotheby’s managing director Rob Curtain said.

The result was an indication of how well some house prices had stood up over time, as the property had a similar price guide when it listed in 2016-17, Mr Curtain said.

The limestone cottage home, understood to have been built in the 1870s, had belonged to the vendor for nearly half a century.

“It is one of four original homes built in Sorrento and has a facade that’s heritage protected,” Mr Curtain said.

The property had an indicative selling price of $3.2-$3.4 million.

3799 Point Nepean Rd Portsea

3799 Point Nepean Rd sold for $3.51 million.

Peninsula Sotheby’s also sold a Portsea house above its $3.5 million price guide — but the deal almost didn’t take place.

After six months without an offer near its asking price, the vendors of 3799 Point Nepean Rd, Portsea, received a firm offer of $3.2 million.

“Before accepting the offer, we went back to interested buyers and managed to turn into a private auction between two parties,” Mr Curtain said.

The 10-year-old home ultimately fetched $3.51 million on January 25, just 24 hours after the initial offer was made.

“In this present market, it pays to be patient and the vendor waited patiently and got the price they wanted,” Mr Curtain said.

427 Arthurs Seat Rd Red Hill

The Red Hill property’s lush grounds.

A cottage with magnificent gardens at 427 Arthurs Seat Rd, Red Hill, sold on the same day for $1.91 million.

It has been listed for fourth months with a $2 million price guide.

The owner had moved their original Red Hill home to the site almost two decades ago.

The buyers were looking for a permanent home and loved the well-maintained gardens on the acreage.