Naremburn records its first sale of the year

Naremburn records its first sale of the year

Naremburn has recorded its first sale of 2019 after 26 Garland Rd sold to a young upsizing family for an undisclosed sum for a little more than $2 million.

The result comes after an influx of buyers inspected the property this year after it was passed in at auction before Christmas.

On the market through McGrath Crows Nest’s Peter Chauncy and Brigitte Crawford, CoreLogic data shows the freestanding home had a $1.95 million-$2.05 million price guide before it was marked sold on Monday.

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Mr Chauncy said the majority of interest in the home came from young families looking to upsize into their first home.

“I think what appealed to them was the fact it was all on level, had the pool, a nice patch of grass and was in a great location,” he said.

The McGrath agent said the result has given him optimism for the year ahead.

“It was a pleasant surprise to see that level of interest so early in the year. It looks like there are plenty of people keen to buy now that Christmas is over,” Mr Chauncy said.

The house comes with a stone kitchen with IIve gas appliances, a study/sunroom, two bathrooms, a deck and swimming/spa area.

While there is no dedicated garage, there is plenty of street parking available. It is also a short walk to Naremburn village shops, schools and express buses to the city.

Naremburn has a 10.7 per cent drop in the median sale price over the past 12 months to$2.125 million, according to CoreLogic data. Despite a double figure drop, prices in the suburb are up 65.4 per cent since 2014.

No. 26 Garland Rd is the first property to sell in the suburb since 115/15 Herbert St sold on December 31 for an undisclosed price.


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