Gold Coast house snapped up after less than 24 hours on the market

first_imgThe property last sold for $875,000.“We are seeing a really heightened demand for single-level dry blocks at the minute, even more demand for dry blocks than waterfront,” Mr Smyth said. “The street does command a premium.”CoreLogic data shows the house last sold for $875,000 in 2015. “The buyer runs a Brisbane and Melbourne-based real estate company and bought it as an investment but he plans to retire into it eventually,” Mr Smyth said. “It had the wow factor — a really special entrance foyer which was tall and light filled and an expansive outdoor entertainment area, which the owners remodelled.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59 The four-bedroom house sold for $1.12 million.“We took some buyers through the property when it was off market and had really good feedback so decided to put it to market to create more competition,” said NGU director Edward Smyth, who marketed the property with Karen Stewart. “When we put it on the market we got a call from a Melbourne real estate director and got it under contract, unseen, within 24 hours.” “It sold for $1.12 million, which is a huge price for a single-level dry block.”More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE NEWS: Ice skating icons’ skyhome sells MORE NEWS: Searching for your inner Zen? The sales of this Benowa Waters house was lightning fast.A SPEEDY record-breaking sale is every homeowners’ dream and for two Gold Coast vendors it became a reality. Their four-bedroom Benowa Waters house at 10 Sir Bruce Small Blvd was snapped up by a Melbourne buyer, who had never seen the property, less than 24 hours after it hit the market. The million-dollar sale was the top price fetched for a non-waterfront home on the street, according to property records. The million-dollar sale has set a record for dry blocks on the street. A Melbourne real estate director purchased the home without inspecting it. Waterfront homes along the street have fetched more than $4 million, with most dry blocks selling below the million-dollar mark.The record sale takes the reigns from No. 14, a four-bedroom house that was designed by a Feng Shui master, which sold for $1.09 million in 2009. It sold within 24 hours of hitting the market.The Gold Coast’s median time on market sits at 40 days for houses and Benowa’s median is 43 days, according to the latest figures. Mr Smyth said post-election the time spent on market had significantly dropped and the sale was a positive reflection of how the market was travelling. “On an office level, our days on market has dropped to around 40 days, whereas pre-election it was more between 75-80 days,” he said.last_img

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