Record-breaking house earns $56k a week
Sydney’s North Shore has a new home price record courtesy of this state-of-the-art mansion that has grown in price by an astounding $56,000 a week since its last sale.
Killara has a new suburb record with the close to $20m sale of a seven-bedroom house that has earned its vendors more than $56k for every week they have owned it.
The owners of 31-33 Springdale Rd paid $16.3m for the Springdale Rd estate in July 2021 and it has now sold for just under $20m.
So, in the 62 weeks since they bought the property it has grown in value by at least $3.5m. Which at a conservative calculation means the house has earned its owners more than $56,000 every single week.
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Agent Lisa Davies, of Ray White Upper North Shore, said there have been no changes to the home on a double block with tennis court and heated pool. It did set the suburb record when it last traded but that was overtaken by a $16.5m sale in Stanhope Rd in November 2021 until now.
The Killara property also sold four days before expressions of interest closed. Lisa said there were multiple offers made on the property, but the vendors took an early offer with attractive settlement terms. It is believed to have been just shy of the $20m price guide.
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“We had a lot of interest from locals and from overseas. There are new buyers landing in the country looking for prestige property on the north shore …. we are hoping the sale brings a few prestige homes to market, there is certainly the demand,” she said.
The Springdale Rd estate was completed in 2016 under the Bregenhoj family ownership and has Peter Fudge gardens, a wraparound deck, cinema, gym, a basement garage, and a beautiful centrepiece courtyard. It is 850m from Killara station.
According to PropTrack, the median house price in Killara is $3.9m, down 7.1 per cent over the past 12 months.
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Originally published as Record-breaking house earns $56k a week
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