Welcome to Ciao’s new property column by Property Observer Jonathan Chancellor. Check this page every fortnight to keep up to date with the latest Inner West property news.
The prestige listings of Sydney’s inner west are setting record prices – unlike other more traditional pricey suburbs. An amazing offering at 23-25 Llandilo Avenue, Strathfield (pictured) has been sold at $6.8 million through Joseph Georges.
The six bedroom, five bedroom home has 1,000 square metres of living space. Its custom-designed theatre comes with 102 inch plasma screen. It is set on a significant 1,972 square metre with tennis court with lights, gazebo, pool and spa. There’s a circular driveway leading to enormous seven-car garage.
“This property is reminiscent of an opulent Beverley Hills estate,” Joseph Georges from the Georges Ellis & Co agency told Property Observer, adding it was “magnificent in its scale and aesthetic appeal.”
It set the previous record for Strathfield when sold at $5.75 million in 2007. It had been scheduled for March 29th auction through Joseph Georges and Sam Georges. Now Newtown’s best house is set to post a $3.5 million record with its vendors, Cadence Australia head Ron and Jocelyn Murphy, off to Wentworth Towers, Point Piper.
Brockleigh, the Victorian Italianate mansion on Hollis Park last traded in 2001 for $1,427,500 when bought from Eileen Munchenberg, the widow of Aboriginal activist Charlie Perkins. The ornate four-bedroom residence sits on a 480 square metre Warren Ball Avenue block, but sans parking. Brockleigh, the 1885 mansion, previously sold at $1.275 million in 1997 and at $187,500 in 1983. The listing agent Michael Harris, of Raine & Horne Newtown, expects it to better his previous $3.2 million high, which was set in 2010 for a Georgian-style terrace with a pool.
Sydney’s suburban regions recorded remarkably consistent results last weekend with eight regions reporting clearance rates at or above 80%, according to Australian Property Monitors.
The top performer was the Canterbury Bankstown region with a clearance rate of 86.7%. It was followed by the city and east with 86% and the inner west, the lower north and the upper north shore each with strong clearance rates of 85.2%.
Auction sales reported last weekend to APM in the inner west included:
• A three bedroom home at 49 Louisa Road, Birchgrove sold by Belle Property Balmain for $2,350,000
• A six bedroom house at 13 Cameron Street, Strathfield sold for $ 1,910,000 by Devine Real Estate
• A three bedroom home at 2 Carieville Street, Balmain sold by McGrath Balmain Property for $1,852,000
• A six bedroom house at 89 Park Road, Burwood sold for $1,850,000 by Raine and Horne Burwood