Luxury residence in blue ribbon location sells for nearly $5m
Contact
Jun 19, 2020
Luxury residence in blue ribbon location sells for nearly $5m
Chris Virgona and Lawrence Chong of Richardson & Wrench Strathfield recently sold the Strathfield property in Newton Road with tennis court and swimming pool.
-
R&W39 Newton Road, Strathfield sold for $4,860,000 through agents Lawrence Chong and Chris Virgona of Richardson & Wrench
The impressive residence at 39 Newton Road, Strathfield sold to its new owners for $4,860,000 just recently after going on the market in March.
"It was an off-market sale," said agent Lawrence Chong of Richardson & Wrench Strathfield to WILLIAMS MEDIA.
"The vendors preferred to sell their property this way.
39 Newton Road, Strathfield sold for $4,860,000 through agents Lawrence Chong and Chris Virgona of Richardson & Wrench Strathfield. Photo: R&W
"The property went on the market in March, but we found the interest got stronger about a month ago.
"There were 3-4 buyers who were interested which was a bit of a surprise."
Mr Chong said the buyers who finally bought the property were locals who lived in the inner west and had been waiting for the opportunity to buy a property in this blue ribbon Strathfield area.
The property has a high north facing back-yard with tennis court, in-door pool and sweeping 20m frontage to one of Strathfield's finest streets.
The swimming pool at 39 Newton Road, Strathfield. Photo: R&W
Auctions
This week, as auction volumes increased across the combined capital cities, so too did the clearance rate.
There were 1,262 homes scheduled for auction this week returning a preliminary auction clearance rate of 66.1 per cent.
Source: CoreLogic
This was up from the 63.3 per cent preliminary clearance rate last week across 1,181 auctions, which later revised down to 59.3 per cent at final figures.
Both Melbourne and Sydney’s preliminary clearance rate came in above the mid 60 per cent mark this week.
There were 564 Melbourne homes scheduled for auction this week, increasing on the 471 auctions last week.
“Out of the homes that sold under the hammer in Victoria last week, half were held in Metro Melbourne's middle ring, with 115 sales," said Gil King REIV CEO.
"Glen Waverley leads with 7 sold listings, followed by Bentleigh East, Carnegie and Mill Park with 5 sales.
“The City of Monash had the highest reported auctions with 27 homes, followed by Glen Eira and Moonee Valley with 24 auctions in each.
“The volume of sold auctions continues to grow as last week’s preliminary results are already on the highest level since end of March.”
According to CoreLogic, the city returned a preliminary success rate of 65.8 per cent, rising on last week’s preliminary result of 61per cent, which by final result came in at 56.3 per cent.
Last year, the city returned both a higher success rate and higher volumes (635 auctions – 68.9 per cent).
Sydney’s preliminary figures show that 68.5 per cent of homes sold at auction this week, up on the 67.3 per cent preliminary figure last week, which later came in at 63.7 per cent by final results.
Source: CoreLogic
This week’s improved Sydney clearance rate was across a slightly lower volume of auctions over the week, with 526 scheduled, down from 545 the previous week.
One year ago, 558 Sydney homes were taken to auction returning a final clearance rate of 60.9 per cent.
Similar to this:
Market Wrap: How the market performed as restrictions ease
Contact Details:
