Savills Cordeau Marshall recently sold a property at 26 Waimea Rd Lindfield for an exceptional result, under remarkably similar circumstances to a previous sale in the area just a week earlier. Unprecedented sales prices continue to be recorded as the shortage in supply of quality stock on the upper North Shore market drives eager buyers to secure properties.

Listing agent Stephanie Hearne said the similarities between the two sales, especially coming so close together, were quite unusual.

“Both purchasers were expat Aussies in search of a quality property for when they return home. Both purchasers had their parents view the properties, which were beautiful character homes homes on good size blocks. We achieved a great price for both vendors prior to going to auction with a return in both cases of over 50% in two and half years. A very pleasant Déjà vu experience for all happy parties!”

‘Pomona,’ a spacious character residence in a blue ribbon location, sold on Saturday 12 March after 10 days on the market. Whilst the price cannot be disclosed, it represented a 53.5% return for the vendors in just two and half years.

The five bedroom, two bathroom period charmer had been recently updated and presented beautifully with light-filled interiors, treetop views and massive child-friendly level garden drenched in northern sunshine on a prime 927sq m parcel of land in a premier, east-side location.

The purchasers are expat Australians living in Beijing who had been looking for a while and were very keen to secure a property on the upper North Shore near good schools and amenities. They liked the location and the period detail, and knowing how tight the market is, they decided to move quickly and make a good offer prior to going to auction.

Just a week prior, Stephanie Hearne sold a property at 61 Boundary St for an impressive $3.3m after just one open home, achieving a street record and representing a sizeable 51% increase in value since it last exchanged in 2014. The buyers were Australian ex-pats living in Singapore.

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