Family sells much-loved Cromer home after more than 50 years
There aren’t many homes left on the northern beaches that have never been sold, but this red-brick beauty is one of them. And buyers are already circling on the much-loved family property.
There aren’t many homes left on the northern beaches that have never been sold, but this red-brick beauty is one of them.
And buyers are already circling on the much-loved family property at 100 Toronto Ave, Cromer.
Mark Bushell, of LJ Hooker Dee Why, said cooling prices meant the property was now within the reach of buyers who, in 2017, might not have been able to afford it.
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He estimated that two years ago, the home could have had a price guide around $1,400,000. Today it is $1,195 million.
“There’s a lot of house for the money there,” Mr Bushell said.
There is also a lot more than meets the eye at the three-bedroom home, which has been owned by the same family since it was built in the 1960s.
From the street, it looks like a typical red brick bungalow, but beyond that is another level below that offers a wealth of possibilities, including self-contained accommodation or a teenage bunker.
“It’s all pretty original inside, but it has been well looked after,” Mr Bushell said.
“There is a lot of potential for whoever buys it.”
The entry level of the home has the main living spaces, as well as a large, separate kitchen with walk-in pantry and an open servery to the formal dining room.
Other features include a lockup garage with internal access, and additional off-street carparking.
The property is due to go to auction on June 8, at 2.30pm.
Mr Bushell said the mood in the market had definitely shifted after a difficult start to the year.
Two elections, the financial services royal commission, school holidays, Anzac Day and Easter had all combined to distract buyers.
“I can’t remember anything like this ever before,” he said. “It’s been horrible.”
But he said the settling in of new governments at state and federal levels, and the prospect of banks relaxing their lending criteria, were bringing more confidence back to the market.
“We should see things start to pick up,” he said.
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Originally published as Family sells much-loved Cromer home after more than 50 years