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July 2010
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Local knowledge pays off

IT’S easy to recognise a good street when you are already a resident there, and so the buyers of a property auctioned recently by Laing and Simmons Hornsby recognised the opportunity being presented to them. Agent Nathan Leuzzi said it was a family already living in Pulbrook Pde, Hornsby, who picked up the home at number 22. There had been plenty of pre-auction interest, with more than 30 contracts issued, but on auction day it was a battle of two parties from the opening bid of $500,000. It was all over when the price hit $621,000. The older-style four-bedroom house has polished timber floors and pressed metal ceilings, as well as a single garage plus carport. But it was the 1002sq m near-level north-facing block within walking distance of the Hornsby CBD and local schools that presented the most potential. The same Saturday, Mr Leuzzi also auctioned a three-bedroom unit at 5/65 Albert St, also in Hornsby. It had four bidder registrations at the auction after 10 contracts were issued, and it went on to sell $6500 above reserve at $466,500. Its new owners are also already local residents, currently renting in Hornsby. “Both showed lots of interest. We had taken offers on both properties before auction, but the owners chose to stick with the auction,” Mr Leuzzi said, noting that the results at auction in both instances had… [...]

Above asking price in Mt Colah

ABOVE ASKING PRICE Gayle Alpert of Greg Williams Real Estate exchanged contracts on 1 Varna St, Mt Colah, at $670,000, which was $5000 above the asking price. The two-storey home has four bedrooms plus a study and under-house storage. She also sold a unit in the Pacific Gardens complex at 75-79 Jersey St North, Hornsby. Unit 80 is a one-bedroom unit with a large balcony. Its buyers paid $275,000 for the privilege of being within walking distance of the shops and railway station. MASSIVE BALCONY WINS First-home buyers picked up a one-bedroom unit in Waitara for $369,000. Keith Soames Real Estate agent Giuseppe Princi said the unit at 1806/41 Waitara Ave has a huge 58sq m balcony as well as a modern kitchen, internal laundry, security car space and access to the pool in the complex. WIDE FRONTAGE A somewhat unusual offering in Turramurra was sold recently by McDonagh Blake agent Noel Zammit. The home at 17 May St sits at the end of the cul-de-sac on a 930sq m block of land, but includes a wide 20m street frontage. It has four bedrooms and elevated views. Daniel Dennis from the same agency sold 11 Robinson Close, Hornsby Heights, for $640,000. That property was a three-bedroom, two bathroom … [...]

Popular pockets in a patchy market

IT’S been evident for some weeks now that the market is entering its annual winter hibernation, but this slumber appears patchy with certain pockets and streets refusing to rest. McGrath agent Kit Chan reported a good turnout of about 60 groups at the auction of 46 Parkes St, Ryde, with five bidder registrations. All five registered bidders had shown keen interest, and only one refrained from bidding after proceedings started at $700,000. Auctioneer Sean Redpath brought the hammer down on the four-bedroom fully renovated home – just down from Top Ryde City – at $755,000. Mr Chan said the home, which was marketed with a price guide of $720,000, was sold to the Tse family from South Wentworthville, while the vendor is planning a seachange to a Caves Beach property with ocean views. But it was nothing short of staggering what happened just a few minutes drive away at another McGrath auction. Ermington is often a forgotten about pocket of suburban Sydney, and that’s just the way its residents like it. But that may be changing as the auction of 5 Massie St demonstrated, with the property achieving a strong $928,000 result for the sleepy suburb and smashing its reserve price by $128,000 in the process. According to RP Data, the property last traded in 1998 for $246,500, representing a near 400 per cent increase in 12 years. Selling agent Kevin Dearlove said a massive 36 parties registered to bid… [...]

Zen renovation pays off

A ZEN approach helped IT expert Paul Thompson and his wife Sally achieve the perfect balance in their Marsfield apartment. “We renovated the place from top to bottom, as we’ve done with a few other places for fun and profit,” Mr Thompson said. “We tend to be rather Zen about it: we like clean lines and not a lot of clutter.” The end result is an apartment completely different to what they started with. “The people who owned it prior to us, they had a different definition of clean than what we do, so the easiest thing to do was to gut it and start again,” Mr Thompson said. “We’ve themed the place the whole way through. For example, there’s a feature wall in the bathroom and laundry that matches the one in the kitchen.” While very proud of the bathroom, Mr Thompson favours the kitchen. “I designed the kitchen, and what I like about it is it’s very modern with a glass cooktop, and instead of an oven there’s a converter, which is a combined … [...]

Zen renovation pays off

A ZEN approach helped IT expert Paul Thompson and his wife Sally achieve the perfect balance in their Marsfield apartment. “We renovated the place from top to bottom, as we’ve done with a few other places for fun and profit,” Mr Thompson said. “We tend to be rather Zen about it: we like clean lines and not a lot of clutter.” The end result is an apartment completely different to what they started with. “The people who owned it prior to us, they had a different definition of clean than what we do, so the easiest thing to do was to gut it and start again,” Mr Thompson said. “We’ve themed the place the whole way through. For example, there’s a feature wall in the bathroom and laundry that matches the one in the kitchen.” While very proud of the bathroom, Mr Thompson favours the kitchen. “I designed the kitchen, and what I like about it is it’s very modern with a glass cooktop, and instead of an oven there’s a converter, which is a combined microwave oven, conventional oven and a grill, which saves a lot of space,” he said. “Everything’s ergonomically designed, there’s a … [...]

One-bedder sold in West Ryde

ONE-BEDDER A one-bedder in West Ryde within walking distance of shops and the station has sold for $295,000. Elders Northern Districts agent Colin Liotta sold the unit at 11/73 Anzac Ave. WATER FEATURE WINNER A three-bedroom apartment at Epping was sold at auction for $578,000. The apartment is at 5/17-19 Ray Rd and includes two bathrooms and two-car accommodation. It is in a building with manicured gardens and a water feature and was sold by agents at L.J. Hooker, Epping. NORTH RYDE VILLA EXCITES An “excited” buyer picked up a two-bedroom North Ryde villa in a fast sale brokered by Grant and Janet Fletcher, of Ray White, North Ryde. The property at 4/32 Twin Rd was sold for $570,000. It has a single garage, northeast-facing courtyard and its own street access with entry via Nerang St. NEIGHBOURS SAY CHEERS Neighbours of Fernhill Ave in Epping became well-wishers at the auction of number 4, including the daughter of the original 1937 owner. Bruce and Heather Tredinnick looked on as two bidders nudged the price up on their Tudor-style home. It passed in only to sell straight after to the highest bidder at $1.36 million, in a deal brokered by Better Homes Realty. BEECROFT AUCTIONS Two Beecroft properties sold at auction recently for well above $1 million… [...]

One-bedder sold in West Ryde

ONE-BEDDER A one-bedder in West Ryde within walking distance of shops and the station has sold for $295,000. Elders Northern Districts agent Colin Liotta sold the unit at 11/73 Anzac Ave. WATER FEATURE WINNER A three-bedroom apartment at Epping was sold at auction for $578,000. The apartment is at 5/17-19 Ray Rd and includes two bathrooms and two-car accommodation. It is in a building with manicured gardens and a water feature and was sold by agents at L.J. Hooker, Epping. NORTH RYDE VILLA EXCITES An “excited” buyer picked up a two-bedroom North Ryde villa in a fast sale brokered by Grant and Janet Fletcher, of Ray White, North Ryde. The property at 4/32 Twin Rd was sold for $570,000. It has a single garage, northeast-facing courtyard and its own street access with entry via Nerang St. NEIGHBOURS SAY CHEERS Neighbours of Fernhill Ave in Epping became well-wishers at the auction of number 4, including the daughter of the original 1937 owner. Bruce and Heather Tredinnick looked on as two bidders nudged the price up on their Tudor-style home. It passed in only to sell … [...]

Kellyville units so good, agent buys one

THERE has to be something special about an apartment complex yet to see the light of day that has all bar two apartments sold off-the-plan in less than two weeks, including one by the agent. And so it was with a new apartment complex planned for the end of the cul-de-sac in Hutchison Ave, Kellyville, which is being marketed by Michael Govorko, of Castlehaven Realtors. Construction on the new complex is expected to begin in the next couple of weeks, with building works due to take about 15 months to complete. Mr Govorko said the complex was being developed by a small building syndicate, which had already had success in the Hills apartment market. “They’ve done three in the past 18 months; they’ve just sold out another development,” he said. Mr Govorko said one of the keys to the success of this, and other projects, had been picking up sites of unrivalled location. “This one is 200m from Woolworths and Coles and the northern ones face on to a creek,” he said. “The stamp duty concession has been another major factor. They actually delayed construction so would-be buyers could access the… [...]

Kellyville units so good, agent buys one

THERE has to be something special about an apartment complex yet to see the light of day that has all bar two apartments sold off-the-plan in less than two weeks, including one by the agent. And so it was with a new apartment complex planned for the end of the cul-de-sac in Hutchison Ave, Kellyville, which is being marketed by Michael Govorko, of Castlehaven Realtors. Construction on the new complex is expected to begin in the next couple of weeks, with building works due to take about 15 months to complete. Mr Govorko said the complex was being developed by a small building syndicate, which had already had success in the Hills apartment market. “They’ve done three in the past 18 months; they’ve just sold out another development,” he said. Mr Govorko said one of the keys to the success of this, and other projects, had been picking up sites of unrivalled location. “This one is 200m from Woolworths and Coles and the northern ones face on to a creek,” he said. “The stamp duty concession has been another major factor. They actually delayed construction so would-be buyers could access the 100 per cent stamp duty concession.” At the time of going to press, 30 of the 32 apartments in the complex had been sold in space just 10 days. Prices had started at … [...]

Kellyville units so good, agent buys one

THERE has to be something special about an apartment complex yet to see the light of day that has all bar two apartments sold off-the-plan in less than two weeks, including one by the agent. And so it was with a new apartment complex planned for the end of the cul-de-sac in Hutchison Ave, Kellyville, which is being marketed by Michael Govorko, of Castlehaven Realtors. Construction on the new complex is expected to begin in the next couple of weeks, with building works due to take about 15 months to complete. Mr Govorko said the complex was being developed by a small building syndicate, which had already had success in the Hills apartment market. “They’ve done three in the past 18 months; they’ve just sold out another development,” he said. Mr Govorko said one of the keys to the success of this, and other projects, had been picking up sites of unrivalled location. “This one is 200m from Woolworths and Coles and the northern ones face on to a creek,” he said. “The stamp duty concession has been another major factor. They actually delayed construction so would-be buyers could access the 100 per cent stamp duty concession.” At the time of going to press, 30 of the 32 apartments in the complex had been sold in space just 10 days. Prices had started at $470,000, although the remaining two are … [...]