Mark Armstrong, Alfred Crescent, William Lumsdaine, Adam Ross, Rose Florence Paterson...more, Edwin Sandys Lumsdaine, Christopher Mourd, Shayne Harris, Banjo Paterson
Gladesville residence Avondale leads week’s top sales: RP Data
The striking Wharf Road, Gladesville residence Avondale has sold for $5,325,000, the highest sale of the week.
The 2,141-square metre estate was sold under the hammer by auctioneer Christopher Mourd of Cooley Auctions on Saturday, May 19. There were seven registered bidders, with three putting in bids. Savills listing agents Adam Ross and Shayne Harris had been seeking more than $4.8 million.
The house dates back to 1888, with renovations undertaken in 1993 and 2009. It’s an ornate Victorian residence built by solicitor Edwin Sandys Lumsdaine, the husband of Banjo Paterson's sister, Rose Florence Paterson. A son of Reverend William Lumsdaine, he was also a religious, having a small chapel built within the house, which is now used as a study. The grounds have the original stables, which have been converted to a self-contained guest house overlooking a 16-metre swimming pool. There's also an 1830s sandstone cottage, Rockend, which was the home of Banjo Paterson's grandmother and as a young man, the iconic bush poet lived there with her.
With ornate original details throughout, the two-storey residence has elegant formal sitting and dining rooms, five bedrooms, three bathrooms and a modern marble kitchen.
The week’s second most expensive sale was a five-bedroom Fitzroy North house (pictured above), sold by Nelson Alexander Real Estate for $4.2 million. Its auction was extremely heated, according Mark Armstrong of Property Tycoon.
“A huge crowd of around 300 people looked on as two punters with deep pockets went toe to toe for almost half an hour and placing around 200 bids,” Armstrong says.
1. 76 Wharf Road, Gladesville, NSW, 2111, five-bedroom house sold at auction on May 19 by Savills NSW for $5,325,000
2. 39 Alfred Crescent, Fitzroy North, VIC, 3068, five-bedroom house, sold at auction on May 19 by Nelson Alexander Real Estate Fitzroy for $4.2 million
3. 5 Adaluma Avenue, Buddina, Queensland, 4575, five-bedroom house, sold at auction on May 17 by Elite Lifestyle Properties for $3,112,500
4. 9 Beauchamp Avenue, Chatswood, NSW, 2067, five-bedroom house, sold before auction on May 19 by Century 21 Cordeau Marshall Lindfield for $2.7 million
5. 6 Rivers Street, Bellevue Hill, NSW, 2023, three-bedroom house, sold at auction on May 15 by Laing + Simmons Double Bay for $2.6 million
6. 1 Ryries Parade, Cremorne, NSW, 2090, four-bedroom house, sold at auction on May 19 by McGrath Estate Agents for $2.6 million
7. 39 Bay Street, Brighton, VIC, 3186, five-bedroom house, sold before auction on May 19 by Hodges Brighton for $2.4 million
8. 31 Rubens Grove, Canterbury, VIC, 3126, six-bedroom house, sold at auction on May 19 by Marshall White Albert Park/Armadale/Brighton/Hawthorn for $2.3 million
9. 15 Evans Road, Kew, VIC, 3101, five-bedroom house, sold at auction on May 19 by Jellis Craig Real Estate Hawthorn for $2.27 million
10. 32 Duke Street, Bulimba, Queensland, 4171, four-bedroom house, sold at auction on May 17 by Place Estate Agents for $2.12 million
The Mark at Sydney's Central Park
Now, all signs point south for this market. A year ago vacancies were near zero but today they’re approaching 5%. Price growth has stopped and, according to Australian Property Monitors’ price graph, has started to dip below the red line.
Brought to you by: Caydon
Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.