By Ellen Lutton
A sprawling tennis court estate in Pymble set an auction high for the upper north shore on the weekend when it sold under the hammer for $12 million.
The sale follows a run of massive price growth for Pymble, where house prices soared 24 per cent over the 12 months to September on Domain data, and smashed the suburb record by more than $2 million.
The home has six bedrooms and lots of outdoor living space.Credit: McConnell Bourn-North Shore
The previous Pymble suburb record was set in June 2020 when a multi-level residence at 5-7 Lonsdale Avenue sold for $9.875 million.
There were five registered bidders competing for the six-bedroom, six-bathroom home at 29A Bobbin Head Road.
After an opening bid of $9 million, it took just two bids to get to the campaign guide price of $10 million.
From there, the bids quickly increased until the hammer came down at $12 million, selling to a local family upgrading their home.
It’s not the first time this property has fetched a premium.
The view out to the tennis court at 29A Bobbin Head Road, Pymble. Credit: McConnell Bourn-North Shore
The last time it traded in October 2015, it sold for $7.05 million, which was also the highest auction sale in the suburb at the time.
Selling agent Scott Farquhar of McConnell Bourn-North Shore, who had the listing with Wendy Xu, said this demonstrated the capacity of Sydney’s prestige market, no matter the market circumstances.
“Even though things are starting to quieten down a bit out there, for that upper-level prestige, they’re the sort of homes that only come onto the market once in a while. For some of these more expensive properties, they have a market for themselves,” he said.
Inside the home which sold for $12 million.Credit: McConnell Bourn-North Shore
“The fact that we were able to replicate a similar result – a record-breaking sale – is pretty amazing.
“The key driver in these markets is always kids schooling and that’s always there.”
The property comprises 2790 square metres of north-oriented land and features a resort-scale pool, north-south tennis court, fully landscaped gardens and multiple living areas, indoors and out.
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