Bronte house sells for $5,375k after two days on the market

Bronte house sells for $5,375k after two days on the market

It’s been a massive weekend of property sales for eastern suburbs real estate agent Alexander Phillips, who sold three top-end homes, with one of them being on the market for just two days.

The five-bedroom, three-bathroom home with pool at 436 Bronte Rd, Bronte was advertised on realestate.com.au on Friday night for the first time with a guide of $4.8m.

But Mr Phillips had two parties keen on the freestanding home on a 485 sqm block — it’s in one of Bronte’s most sought-after spots overlooking Bronte Gully and is only 300m from the beach.

There were a series of offers made by both parties after the Saturday open home and this morning.

Just after midday today (Sunday) it was sold for $5,375,000 to a family moving from Point Piper. “They turned up with their deposit and a signed contract today and we sold it,” Mr Phillips said.

“The upper end of the market is super strong.”

After locking in that deal, Mr Phillips slipped over to 2A Gardyn St — a four-bedroom home scheduled for auction in two weeks with a guide of $3.8m. It sold to an eastern suburbs family for $4 million.

And that followed yesterday’s auction sale of a four-bedroom, three-bathroom home with harbour views at 69A Drumalbyn Rd, Bellevue Hill.

That sold for $5m — the highest auction sale in the east yesterday (the top sale in the city yesterday was for a house at 8 Braeside St, Wahroonga, which sold for $5.02m through Chadwick Real Estate).

Mr Phillips had just two registered parties — a local eastern suburbs family and a family relocating to Sydney from China. It’s understood the woman had grown up here.

Auctioneer Damien Cooley, who presided over the Bellevue Hill auction, said it was one of several good sales yesterday in the east.

A house at 61 Read St, Bronte, had five registered with two active. It sold for $3 million after being called onto the market at $2.95 million. “It was good money for the house I think,” Mr Cooley said.

Another good auction was 142 Fletcher St, Woollahra, that sold for $1.86 million. There were three bidders who made 10 bids.

CoreLogic auctions commentator Kevin Brogan said there were 568 auctions scheduled for yesterday. With 393 of the results in by this morning, the clearance rate was 65.7 per cent — 3.9 per cent higher than last week.

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