A waterfront property in western Sydney has been snapped up for a record-breaking sum.
With direct access to the banks of Penrith’s sought-after Nepean River, this two-storey residence fetched three times the area’s median house price and beat the previous top house price by $101,000.
With its whopping $2.401 million price tag, 7 Nepean Ave also fetched $601,000 more than its 2015 sale price.
Agent Ian Ahearn from Morton Penrith said despite the five-bedroom home being set in a prime spot, the result came as a surprise.
MORE: HOMES THAT SENT RECORDS TUMBLING IN 2018
CHEAP RENT: SUBURBS WHERE HOMES COST $360 A WEEK
“It went online in May but we had taken a soft marketing approach since last January. I didn’t expect it to set a suburb record, particularly in this market,” Mr Ahearn said.
“However, it is a unique home as it backs onto the river, so there was a lot of interest in it.”
CoreLogic records show the home changed hands just before Christmas for an undisclosed amount but the sale price has been revealed in the new year.
On a parcel of land spanning 965 sqm, the modern house has a number of rooms with sweeping views of the river and the Blue Mountains.
One of the living areas at the back of the home has a double-height ceiling. It has bi-fold doors opening to an outdoor area and infinity pool that overlooks the water.
In an open-plan setting, the adjoining dining room has floor-to-ceiling windows which capture the serene outlook.
Similarly, the main bedroom on the top floor was designed to take advantage of the view.
With a gourmet kitchen, cinema room and study, the house also comes with a C-bus control system and security cameras.
SIGN UP FOR THE NSW REAL ESTATE NEWSLETTER
The waterside property is in a convenient spot, close to shops, restaurants, cafes, parks and schools.
Mr Ahearn said the home had set a new benchmark for the area and could continue to see solid results.
“It really shows that the top end of the market is still doing really well,” he said.