Real Estate

vaucluse sales keep on coming as olola ave resort like estate sells

Written by The ReReport

26-27 Olola Ave, Vaucluse has sold for about $17 million to a buyer from Woollahra.

THE luxury Vaucluse property in the name of Ian McLeod, partner of Reddam House founder Graeme Crawford, has sold for about $17 million.
The five-bedroom, six-bathroom home at 26-27 Olola Ave — with heated in-ground pool — on 2,268sqm had a price guide of $16.5 million to $17.3 million in the expressions of interest campaign through LJ Hooker Double Bay’s Bill Malouf and Clint Ballard.
Neither agent could be contacted, but the sale is likely to have been in the upper end of the price range — sources say $17 million — given the speed of recent prestige sales in the east.
It’s understood the buyer is from Woollahra.

26-27 Olola Ave, Vaucluse has sold for about $17 million

CoreLogic records show it last traded for $11,750,000 in 2012.
The sale follows the $25 million off-market sale of construction boss and retired pharmacist 12 Carrara Rd — beachfront reserve — last week through D’Leanne Lewis, of Laing+Simmons Double Bay.
Paul Rich of Richs Double Bay has just listed 4A Vaucluse Rd, owned by Hong Kong-based couple Rosemary and Desmond Inglis for more than 45 years, with a $22 million price guide.
“It’s a arguably the best elevated position in Vaucluse,” he said.

4A Vaucluse Rd, Vaucluse, has just been listed with a $22 million price guide

Whereas 12 Carrara Rd was a 762sqm block, the Vaucluse Rd property is 1031 sqm and although not beachfront reserve, he argues it has a better view. “It’s more majestic,” he said.
Ray White Double Bay’s Gavin Rubinstein said the best properties were continuing to collect premium prices.
He’s getting got good interest in a stunning five-bedroom home he’s selling at 9 Vaucluse Rd, Vaucluse, with an $11 million guide.
“The top end is strong because there’s not a lot of choice — if they tick all the boxes, game over.”

9 Vaucluse Rd, Vaucluse, which has an $11 million guide, is attracting good interest

The best homes in Bellevue Hill area also being snapped up quickly.
Just yesterday, the sold sticker has gone up on 96 Victoria Rd, Bellevue Hill, home of Jacqui and Richard Scheinberg, who had a guide of $16 million to $18 million.
They were the $60 million buyers of Rona
That was achieved by veteran Double Bay agent Bart Doff — with his Laing + Simmons Double Bay colleague, Steven Zoellner.
Mr Rubinstein said he had 35 groups through 23 Salisbury Rd, Bellevue Hill, on Saturday. It has a price guide of $6 million to $7 million.
“People aren’t going crazy … there’s some caution, but there are a lot of buyers and not a heck of a lot of choice,” he said.

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