Select homes in the harbour city’s ritziest postcodes have been selling for a fraction of the price paid by their neighbours.
A handful of homes in Sydney’s most exclusive neighbourhoods such as the eastern suburbs, northern beaches and lower north shore have sold for prices that appear to be too good to be true.
Described as a “sun-filled retreat” on the listing, the semi-detached house at 7A Bellevue Garden is located in a quiet cul-de-sac with tennis courts and rainforest trails nearby. Offered for the first time in 50 years, the 1940s-built home is described as a “blank canvas” on the listing and requires a rejuvenation with dated interiors.WoollahraA buyer saw the appeal in a fixer-upper in the suburb, paying $1.74 million for the three-bedder at 102 Oxford Street in November. Woollahra’s median house price is $4.23 million.
The two-bedder at 35 Balgowlah Road is described as a “rough diamond” on the listing and there are no interior shots. BresicWhitney Inner East’s Romany Brooks said the family loved the location and proximity to schools. There was “strong interest with offers from the start of the campaign”.
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