First home buyers nab family home ‘bargain’

First home buyers nab family home ‘bargain’

A young couple renting in Clovelly had been looking as far south as the Shire and as far north as Hornsby for their first home, but yesterday they scored the ultimate Valentine’s Day present.

They put in an offer of $1.5 million on the four-bedroom home in Arden St — around the corner from their current address — and the owners, through the agents, said “yes”.

“It feels like we’ve won the lotto,” said bricklayer Ian Hogan.

“We think it’s a bargain — we didn’t think we’d ever be able to afford our first place in the eastern suburbs.

“But prices have been coming down and it’s felt like they were almost in reach.”

He and his wife, Nic, had been looking to buy for the past seven years but had always missed out — until yesterday.

They think they’ve found the perfect home with plenty of room for themselves and their seven-year-old daughter, Harper — who goes to school at Clovelly nearby.

“We’d been waiting so long for it to happen and with the strike of a pen and it’s done.”

His wife, Nic, agreed: “It’s the best Valentine’s Day gift ever!”

The property, a short walk to the beach and the village on Clovelly Rd, is spread over two levels, has two bathrooms and even has a garage.

It had been owned by the same family for 35 years.

The home had been scheduled for February 23 auction with a $1.5 million price guide through Phillips Pantzer Donnelley’s Jason Pantzer and Haynes Wileman.

Mr Wileman said the property had been a difficult property to price because it was a strata-titled duplex townhouse.

“It was a very unique property so it was hard to get a comparable sale,” he said.

The decor won’t be to everyone’s taste, with its slate tile floor and its exposed brick feature wall.

“We probably won’t live with that too long — we’ll definitely change it,” Mr Hogan said.

He’s planning a range of other changes, such as doing up the garage and the garden.

Their Valentine’s Day celebration last night was a special one. “We went out for dinner — it’s probably the last one we’ll go out for for a while,” he said.

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