Buyer takes a big leap of faith on Pymble home with heritage order
When Mark Blake, of Luschwitz Real Estate — Pymble launched a prime Pymble property for sale for the first time, he knew it was in a conservation zone.
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He soon discovered it also had a heritage order that the owner had no knowledge of — even though he had held the property for 60 years.
“He hasn’t lived in the home in 25 years,” Mr Blake said.
The story echoed that of fellow Pymble property owner Elizabeth Hetherington, who hit the headlines last month, claiming her property had dropped in value due to a heritage order placed on it by Ku-ring-gai Council.
Mr Blake said the council had also been responsible for the heritage order at 73 Pymble Ave. But both he and the owner were pragmatic about it, opting to change their marketing strategy.
Instead of selling it as a knockdown/rebuild, the focus was placed on the 1950s character home on 1450sqm, and its position.
While Mr Blake estimated he probably lost about 80 per cent of his potential buyer pool, he stayed positive, and the property found a buyer for $2,000,000.
“The guy who has bought it has taken a leap of faith I think he’s going to do something nice with it,” he said.
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