$800,000 profit in 4 years as Sydney heritage terrace sells

 $800,000 profit in 4 years as Sydney heritage terrace sells

A picture-perfect 19th century character property in one of Sydney’s most sought-after suburbs has been snapped up in a private deal worth $5.5 million.

The four-bedroom heritage-listed terrace house in Darling Point, which was built in 1884 and last sold in 2017 for $4.8m, caused quite the stir among buyers, with expats from all corners of the world eyeing up the heavenly home.

Sotheby’s International listing agent Daphne Sauvage negotiated the sale on behalf of the vendor and said that growing interest in Sydney’s prestige market kept her very busy during the sales campaign.

“The property is beautiful – it’s a wide, majestic terrace home that’s been exquisitely renovated and it has a beautiful front garden and courtyard at the back,” she explains.

“We had a very interesting mix of buyers, with interest from both local and offshore buyers as well as investors interested in purchasing the property.

“There were expats living in Hong Kong, London and New York who showed interest – I conducted a lot of virtual tours!” Daphne adds.

Buyers loved the fact that the dwelling is nestled in a quiet leafy neighbourhood but is nevertheless nice and close to some of Sydney’s best beaches and iconic landmarks.

“Marathon Avenue only has five properties, four terraces and a magnificent mansion at the end of it,” Daphne says. “It’s a very small, exclusive cul-de-sac in the heart of Darling Point, which is one of the most desired and aspirational suburbs in Sydney.”

The landmark sale has set the tone for Sydney’s prestige market, with ever-increasing levels of buyer demand continuing to outweigh the city’s high-end housing supply.

“We’re stock starved and there are just so many buyers,” Daphne says. “The obsession with real estate continues and we’re dumbfounded with how the prices in the Eastern Suburbs just keep going up and up and up, driven by the demand which never seems to stop!”

Address

4 Marathon Avenue, Darling Point, NSW 2027

Agent

Daphne Sauvage – 0415 479 151
Sydney Sotheby’s International Realty – Double Bay

Get Exclusive Access To OzHomeNews

Check out our latest content...

Melbourne pad sold for $6.4m at auction

Brisbane’s biggest ever property sale?

Auction results strong across Australia’s capitals

Ascot bluechip sells for $3.9M

Perth leads the Aussie house price boom

Agent of the Week: Jordan Navybox

Check out our most popular articles!

Exclusive Entertainer’s Dream on the Market

$9.5m ‘Eagles Nest’ Listed on The Northern Beaches

007 Star Lists Malibu Mansion for $140m!

Remarkable Ridgeway Drive Home Up For Grabs

‘Castle in the Sky’ Sold for $4.2m

Top 10 Hottest Properties of the Week

Copy link
Powered by Social Snap