Real Estate

what 70m buys you darling demand for sydney trophies is buoyant

Written by The ReReport

This Darling Point home looks like something out of a postcard.

ENCOURAGED by the strength of the super prestige market, no fewer than three agents are lining up to sell the landmark Darling Point home of ocean racing yachtsman Matt Allen and his wife Lisa with a guide of $70 million.
The five-bedroom, four-bedroom waterfront home with two jetties at 3 Lindsay Ave has been quietly on the radar since March.

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But there’s greater optimism now, with the $100 million of the Fairwater mansion in Point Piper in September followed by the $60 million sale of Rona in Bellevue Hill last month.

What a home!

And on Saturday, the $30 million sale of Loch Maree, the Vaucluse home of hotel magnate Jerry Schwartz and his wife, Debbie, who are moving to the nearby waterfront estate Phoeniz Acres that they bought last December for $62.5 million through Ray White Double Bay’s Craig Pontey.
The Loch Maree sale was also negotiated through Mr Pontey and Ray White Double Bay managing director Elliott Placks.
“The super prestige market in Australia is heating up among buyers and we’ve seen strong interest from qualified buyers for this exceptional property, which is truly a one of a kind in Australia,” Mr Placks said.

Imagine waking up to this view.

According to Mrs Allen, the recent $15 million rebuild was done “to create infinity-edged surrounding balconies and pool using natural materials that merged seamlessly with the sea.”
Another of the top eastern suburb agents relishing the buoyancy of the trophy home sector is Michael Dunn of Richardson & Wrench, who has strong interest in two magnificent Darling Point homes — the 1850s home Greenoaks Cottage, which has a $20 million guide, and investment banker Paul Espie’s five-bedroom, five-bathroom home on 1500 sqm at 5 Bennett Ave, also has hopes of $25 million to $27 million.
Mr Dunn shares the open listing of the Allens’ home with Mr Placks and Ballard Property’s Clint Ballard.

Manfred Kersch’s Vaucluse home is up for grabs.

Vaucluse strength

THE Vaucluse market has been particularly strong, which is good news for architect Manfred Kersch.
The stunning five-bedroom, five-bathroom Hopetoun Ave home that Mr Kersch designed for his family — wife Apolonia and children Max and Anna — looks to be good value at its revised price expectations of between $7 million and $7.5 million through LJ Hooker Double Bay’s Bill Malouf.
“It’s been a fabulous house,” Mr Kersch said.

Now that’s a cool pool.

“It offers direct access to Parsley Bay and the outdoor swimming at Parelsey Bay beach — as well as the house itself having a 22 metre indoor lap pool, for swimming all-year-round.
“Also not being a street frontage, it’s a very quiet location which is another thing we’ve enjoyed.”
With their kids now grown up, the Kerschs are looking to downsize to nearby Watsons Bay.
Grand design

The home is right by the water.

Marcello Grand, the former publisher of Black and White Magazine and Blue Magazine, is selling his Paddington renovation project.
Mr Grand only bought the three-bedroom, two-bathroom home with off-street parking at 154 Underwood Street last April for $2,215,000.

The former publisher’s renovation project.

Marcello Grand.

But since then it’s had a complete revamp, from the ground up.
Mr Grand owned Studio Magazines for 32 years and now focuses on buying and renovating. He is also considering publishing a Black and White coffee table edition.
The Agency’s Ben Collier has a price guide of $3.1 million ahead of the December 1 auction.

Staying in Europe

Designer Sarah Light and artist Simon Clayton moved Europe in 2016 so they’re now dispensing with their Paddington home.
The couple now seem to have a dream lifestyle sharing experiences with creative tourists in their business The Tour Studio.

Sarah Light and Simon Clayton’s Paddington residence.

The four-bed terrace they bought for $670,000 19 years ago at 47 Albion Ave is for sale at $2.6 million through Catherine Dixon of Phillip Pantzer Donnelley.
Ms Dixon is also known to have the three-level terrace at 64 Glenmore Rd, Paddington — home of Sha Sha Barclay of Oasis Emporium and her husband, Simon — quietly for sale at $2.4 million.

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