One of the northern beaches’ most affordable suburbs clocked up its eighth sale over $2 million on the weekend — not bad for a suburb which has seen its median house price fall 10 per cent in a year.
Wheeler Heights, inland from Collaroy, has a median house price of $1.42 million, according to CoreLogic, and is the fourth most affordable suburb for a house on the mainland northern beaches. The median house price has dropped 10.7 per cent in 12 months according to the data company.
The suburb record was set five years ago with a $2.8 million sale.
But the four-bedroom house on a 750sqm cul-de-sac at 10 James Wheeler Pl defied that statistic and sold under the hammer on Sunday for $2,005,000, a new record for the street.
Agent Michelle Jones, of Upstate, said two local families loved the renovated home overlooking the bush and appreciated the quality joinery and granite work the owner had carried out.
Bidding opened at $1.6 million and the hammer fell $230,000 over the advertised guide.
Built in 1975 the family home last traded for $825,000 in 2010 but it was redesigned and renovated four to five years ago.
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The tri-level house overlooks South Creek Reserve where the path leads to the popular Narrabeen lagoon walking trail and there was no view of any neighbouring houses.
A family who already live in the suburb are the new owners, they were bidding against a family from Cromer.
The northern beaches had an auction clearance rate of 59 per cent this week with 56 properties offered, 24 selling early, nine selling on the day and 23 either being passed in or withdrawn.