The northern beaches is ending 2018 with a strong finish; a 53 per cent auction clearance rate and some big sales. This has been the year of prestige sales as buyers who don’t need to borrow jump into prized positions for the long term.
The top two auction sales of early December were both in prime positions, both deceased estates and both held for decades. One had been in the same hands for 82 years the other 73 years.
A two-bedroom house on the oceanfront at 37 Carrington Pde, Curl Curl was the big ticket sale of the second week of December. This solid home had been held since WWII ended. Even agent Julian Rowe, of Stone Real Estate, was surprised when the much-admired house sold for $4.2 million at auction.
“I knew we would have to be sitting on a good result, the house was north-facing,” he said.
“But I was still surprised.”
The P & O style house on 470sqm of land with dual-street access had seven people chasing it, bidding opened at $3.6 million and the auction was all over in five minutes. The new owners come from North Manly and were attracted by the land and view.
“The top end of the market is strong, good quality homes are always in strong demand,” he said.
The second golden oldie sale was a 1930s solid brick duplex in Manly backing onto a lagoon reserve. Lydon, at 17 Eurobin Ave sold for $3.3 million on Saturday December 8 – $500,000 over its guide.
The striking mandarin-coloured building had a guide of $2.8 million, a shared driveway and heritage restrictions on its facade and side stairs. Scott Isaac, of McMahons Point Real Estate, said eight people registered for the lagoonside building that had been held for 82 years in the same family. Three of the parties who registered hadn’t seen the property before auction day.
Bidding opened at the guide price of $2.8 million and jumped in $50,000 and $25,000 increments before the hammer fell at $3.3 million. The buyers already live in Manly and appreciate the location.
Many of the original duplexes in Eurobin Ave have been converted into freestanding family houses. It is believed this property will be renovated but kept as two duplexes.