Properties at this level do not come on the market every day — an executive home where luxury meets functionality — but the record-breaking suburban price before the auction was sensational.
The four-bedroom, three-bathroom house at 23 Wittunga Crescent, Banks, sold for $ 1,470,000, nearly $ 100,000 more than the previous record set in June.
The home was up for auction later this month and was on the market for just a week when a local buyer placed the winning bid.
The house sits on an 881 square meter block and is located in one of the best streets in the area overlooking the northwest and backs up a reserve, all within minutes of local schools, shops and public transport.
The property was built in 2015 after the original home was extensively damaged in a house fire. It was last sold in 2019 for $ 980,000.
Sales agent Colin McIntyre of McIntyre Property said the design and quality of the property proved to be a draw for buyers.
“This is probably one of the newer homes in the area, and the redevelopment is of extremely high quality. It had gone very well, ”he said.
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McIntyre said the kitchen is definitely the center of the home in this property and was one of the main reasons why the current owners were so attracted to the home when they bought it.
“This home is both well-built and modern, and the cabinetry is top notch,” McIntryre said.
The kitchen offers a generous island bench, stone marble benches, sink in the farmhouse, glass display cabinets and ample storage. There is also a massive walk-in butlers pantry.
The home has a range of indoor and outdoor living and dining options, a master bedroom complete with walk-in closet and en suite bathroom and a large home office. The three remaining bedrooms are all generously the size of built-in robes.
The new owners are from the area and bought the home as an investment property.
According to CoreLogic data, the median selling price for homes in the area was $ 652,750 per square meter. June 2021, while the median asking for rent to banks is $ 507 per. Week.
With a shortage of stock on the market, McIntyre expects the Canberra record to continue.
McIntyre said easing restrictions on property inspections recently helped bring more inventories back to market.
“We’re starting to see more listings now that we can start taking buyers through properties, but the market as a whole is skyrocketing, so they only last on the market for about a week.”