Grand old homes on large northern beaches blocks sell well
Two grand old dames of real estate on the northern beaches, both held for years, both on big parcels of land and both with Scottish house names sold for megabucks this month.
Two grand old Scottish dames of real estate on the northern beaches sold this month for megabucks.
Both were on large parcels of land, had been held for years and both had Scottish house names.
‘Nairn’ in Balgowlah sold for $3.115 million last weekend and ‘Lorn’ sold for a whopping $10m in Collaroy earlier this month.
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‘Nairn’ named after a Scottish Highland town was the name given to 11 West St, Balgowlah an Art Deco house which sold under the hammer last Saturday. In keeping with its Scottish moniker the three-bedroom house had all the hallmarks of frugal living. In fact it was rundown and let go and agent Steve Lambley, of Cunninghams Real Estate, spent three months just getting the property ready for sale. Like the expansive highland after which it was named ‘Nairn’ was on an elevated and large site, 1069sqm of it in a well-regarded street.
Twenty three contracts were handed out for the solid between the wars house. The guide was $2.45 million and the hammer fell at $3.115 million. A local buyer is the new owner of ‘Nairn’ on the high side of the street and he is considering what to do with the landmark property.
“There is very little stock available right across the beaches,” Mr Lambley said.
The property was built around 1938 for Archibald Edgar Houston of Balgowlah, a manufacturers agent. And the land was originally granted to the very Scottish-sounding Thomas Harvie Lewis in 1858.
Further north the 1920s Californian bungalow ‘Lorn’ was the biggest sale in Collaroy at $10 million. ‘Lorn’ is a firth off the Scottish coast in the west highlands.
‘Lorn’ the house at 9-11 Birdwood Ave, Collaroy, was a 1920s former holiday home, sitting on 1472sqm of land with a 36m frontage to the beach reserve and a depth of 40m. It also had a due north view over Collaroy Beach and the garden was so extensive there are pictures of sheep grazing on the lawn.
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According to records, the five-bedroom property last traded for $605,000 in 1986.
Michael King, of Ray White Prestige, said the prime beachside position was undercapitalised and suited development.
“The buyers are still considering options but recognised it was a rare, one-off opportunity and unlikely to be replicated on the beaches,” he said.
Originally published as Grand old homes on large northern beaches blocks sell well