A NEW real estate price record has been broken in yet another day in Sydney’s crazy property market.
A five-bedroom, three-bathroom home in Ryde, 34 John Miller Street, has broken a record for the most expensive home under 1000 square metres to be sold in the northwest suburb, after selling under the hammer for $3,005,000.
Selling agent Ben Boutros from Ray White North Ryde told news.com.au that the previous price record for a home under 1000 square metres in the area was $2,834,000.
The reserve price for John Miller Street was set at $3 million, with Mr Boutros saying he didn’t initially expect it to reach the optimistic vendor expectations. He recalls only one other similar home to even hit the $3 million mark in the Ryde area, and that was on a 1,800 square metre block.
However, five registered bidders provided fierce competition and the home was sold above-reserve in just 20 bids. It was sold to a local owner-occupier.
And Mr Boutros expects the suburb will continue to outperform in 2017 due to a “lack of housing stock”.
The record-breaking home also features four car spaces, landscaped gardens, spotted gum polished timber floorboards and a gas heated pool.
SOUCRE http://www.news.com.au/finance/real-estate/selling/fivebedroom-ryde-home-breaks-suburb-record-after-selling-for-more-than-3m/news-story/f227e12a5b099d391e3cb19f14c2f821
Commitment to delivering 1/41 Fontenoy Road, Macquarie Park sale means professional service and dedicated availability. Ben Boutros’ persistence to deliver the sale to both parties meant Price Term and Condition accepted on Christmas Day 2019, sold on the dotted line on 31 December 2019. The buyer secured their ideal place … Read more
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