Two $5 million sales in one week
As people become more comfortable in selling property by private treaty, we’re seeing successful transactions across a number of price points.
For seasoned auction goers it’s unfamiliar territory, but selling without public spectacle has its own benefits. In the current COVID-19 market, negotiating by private treaty is gold for reducing the rigidity in the campaign.
Last week we sold 9 properties across the network, with 2 sales from our Balmain team in the $5 million range.
Adrian Oddi sold 7 Paul Street, Balmain East. With iconic views on 439sqm of land, the architect-renovated home offered a north-facing position in the tight-held eastern pocket of the Peninsula.
With original parts of the home remaining, its sandstone details had been preserved and celebrated. Meanwhile, the 10-year-old renovation looked as timeless as ever.
Nearby, Andrew Liddell sold 15 Burnell Street, Drummoyne. On 828sqm land, the family residence held a top position in one of the area’s most prized streets.
Perched above the Bay Run with views of Iron Cove, it was wrapped in glass walls and an entertainer’s terrace, with 320sqm of living space.
The market might be tough but last week’s successful sales went down from Paddington to Gladesville. Buyers are responding to price guides that ignite their curiosity, private inspections that allow them to take their time, and negotiating by private treaty.