Chipping Norton house sells for record-breaking $1.8m

A LUXURY property has broken the Chipping Norton house price record, selling for a whopping $1.8 million.

27 Wolverton Ave in Chipping Norton sold for a record $1.8m.

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A LUXURY property has broken the Chipping Norton house price record, selling for a whopping $1.8 million.

It tops the previous record set two years ago, when a five-bedroom home on Nottingham Cres sold for $1.41 million.

Ray White Moorebank selling principal Catherina Hanna, who last week closed the deal on 27 Wolverton Ave, said the buyers — a family of five — were keen to make the move out west from Glebe after searching four years for the right place.

The sale smashed the previous $1.4m record for the suburb.

The kitchen.

“They wouldn’t choose to live anywhere else,” Ms Hanna said.

She said the property’s main selling point was its location by Chipping Norton Lake.

Featuring a swimming pool and an outdoor living area, the double-brick home boasts an indoor theatre room, multiple living spaces, walk-in wardrobes in two bedrooms, a built-in fireplace and a marble staircase.

The median property price in Chipping Norton is $960,000.

The bedroom with its balcony and polished floorboards.

The strong local market has led to predictions that southwest Sydney will be immune to the Sydney housing market downturn.

According to realestate.com.au, the median property price in Chipping Norton is $960,000 with the suburb also beating the state average for visits per property by 295 visits.

“I think Chipping Norton has always been strong market. People want to live there. You get big homes … close to reserves (and to) the lake,” Ms Hanna said.

“(It’s a) convenient location — you’re not too far west, you’re not too inner west. You’ve got the luxury of being 40 minutes from the city.”

INSIDE SHANE WARNE’S HOME

With work on the Western Sydney Airport gaining momentum and the potential development of a marina in Moorebank, the southwest Sydney housing market would remain buoyant, she said.

“If you want land and homes on decent blocks … you come to southwest Sydney.”