Hamptons house that made $1 million in two years

Hamptons house that made $1 million in two years

The northern beaches has notched up a $6 million plus sale this week on a house that traded only a couple of years ago for $5.2 million.

Virtually nothing had been done to the Hamptons-style home in Seaforth but there was plenty of interest, offers made from many parties and the deal was done on Friday.

This in a Sydney tmarket that industry experts are describing as weak and softening.

Agent Maria Cassarino, of Stone Real Estate, said the calibre of buyers interested in the five-bedroom house at 48 Grandview Gr, Seaforth was testament to the strength of the local market.

“Good stock is in short supply,” she said.

“And despite its address this house didn’t have a view.”

One of the couples who made an offer on the house on 1226sqm of land was a Sydney celebrity couple, a married couple one of whom was well-known in sport and the other prominent in the entertainment industry.

In the end though it was buyers from the eastern suburbs who secured the architect-designed home.

The advertised guide for the landmark property was $6.4 million and while Ms Cassarino couldn’t reveal the price, neighbours were saying the owners got a price close to the guide.

The house only traded in June 2016 when records show it sold for $5.2 million.

Ms Cassarino said the ten year old property was in virtually the same condition with only minor changes to curtains, tiles in a bathroom and some landscaping.

“I am seeing plenty of buyers in the $5 million plus range. The market is good for good quality property that ticks all the boxes,” she said.

Family homes on big blocks of land with a swimming pool that were well presented were very popular, she said. A view was a bonus.

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The Grandview Gr house had 708sqm of floor space internally, a northern aspect, a pool with cabana and pizza oven and even its own putting green.

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