$7.55m sale sees Queenscliff street record topple by more than $2m
The owners of this luxury Queenscliff home were in the final stages of negotiations to sell, when they had to make a trip to China.
Luckily they had agreed on a price — $6.55 million — and were happy to leave the final stages of negotiations in the hands of agent Michael Clarke, of Clarke & Humel Property.
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Mr Clarke said that while the price had been agreed on, there were two buyers who really wanted the property, and the negotiations continued.
Meanwhile, his vendors boarded the plane for their 10-hour flight.
When they landed, they were greeted with a flurry of messages to contact Mr Clarke.
“When I finally got in touch with them I said I have some good news and some bad news,” Mr Clarke said. “I said, the bad news is, I have had to give your tv away, but the good news is that I have got another million dollars for your property.”
In the time it took the vendors to fly to China, the sale price had blown up to $7.55 million — not a bad return on the property they paid $4.625 million for in 2014.
It also smashed the street record by a whopping $2.125 million.
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Mr Clarke said the result showed there was still strength in the northern beaches market, particularly in the prestige end.
In fact he said he had never seen the prestige market as strong on the northern beaches as it was at the moment. This made it an ideal time for people to sell those high-end properties.
“In my 16 years as an agent on the northern beaches I have never seen more buyers with budgets of more than $10 million,” he said.
He said the vendors of 5 Highview had, at first been sceptical about the news of the sale price when he give it to them over the phone.
“For the first 30 seconds they thought I was genuinely winding them up, and then they said it was like they had won the lottery,” Mr Clarke said.
“It’s a wonderful result, they are really lovely people and it was great to be able to give them the good news.”
This was not an isolated street record on the northern beaches this week. In Mons Rd, North Balgowlah, a six-year-old, architect-designed home at No. 13. on a 1440sqm block, sold at auction for $3,415,000.
This was head and shoulders above the earlier record for the street, which was $2,170,000 million for No. 19 Mons Rd, set in 2016.
And at the onsite auction of 30 Thomas St, North Manly, another street record fell resoundingly.
The five-bedroom house with pool sold under the hammer for $3.1 million, which was $650,000 above the previous street record, set in 2016 for No. 13 Thomas St.
The result was also the third highest sale in the suburb behind two prestige homes, west of Pittwater Rd and close to water at Queenscliff Lagoon.
James Smyth, of Smyth Estate Agents, said the sale was a great result for the area.