This red brick home has a surprise location making it worth millions
Rubbing shoulders with the rich and famous can pay off even in real estate, as proven with the sale of a red-brick home in one of Dural’s most exclusive streets.
The three-bedroom cottage at 14 Carters Rd, set on a magnificent 2ha of land, sold last week for $4.3m to a local investor.
The acreage is located adjacent to a lavish estate which set a record in March last year when it fetched $10.85m — the highest price ever paid for a home in The Hills.
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Agent Dean Venables from Century 21 Dural said it is a much cherished property which had been owned by the one family for almost 60 years.
“They just loved it so much, there was a lot of emotion, it was really like a person to them — they just had so many memories there,” he said.
“It is a beautiful parcel of land, it is all cleared as it was used for farming and located on the high side of Carters Rd.
“Land very seldom sells on that side as the families tend to pass the properties down to the children, whereas on the other side there tends to be a few more sales.”
The property has 77m frontage, is mostly cleared, easement free and overlooks a picturesque bushland valley.
The buyer is planning on leasing out the property for around $700 a week and will take their time to decide what to build on the site. It would be ideal for someone looking for paddocks for horses.
The adjacent property at 19 Carters Rd, known as the Moncur Estate, created headlines last year when it sold to an overseas buyer setting a new benchmark for The Hills.
The five-bedroom opulent mansion has six bathrooms — some with their own chandeliers. It also features a walk-in wine cellar, a movie theatre and sandstone pavilion overlooking the in-ground swimming pool.
Mr Venables believes the acreage he just sold could one day challenge that record with the right new home and landscaping.
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“Whatever the buyer builds there will be worth a lot of money in the future,” he said.
“If you did it properly then I think it could achieve a very good price — it has a lot of pluses being on the high side and with views.”