Albury prestige rural lifestyle market segment is thinly traded: HTW residential

The Albury prestige property market offers discerning purchasers a choice of location, size, quality and an array of ancillary improvements, according to the latest Herron Todd White (HTW) residential report. 

The report notes thus far in 2019 there have been 27 dwelling sales in the $700,000 to $1.4 million range, with only four over $1 million.

"Despite the very strong central Albury market dominated by character dwellings, the best address has proven to be modern Chamberlain Close, with three sales over the past two years all between $1.1 and $1.2 million," the valuation firm said. 

The most recent transaction was off market in April when 15 Chamberlain Close sold for $1.2 million.

This is a modern well-appointed circa 2012 home with a pool on a 744 square metre level block within walking distance of the CBD.

This segment of the market is stable and thinly traded due to the sought after location and the very limited stock of new or modern homes in a central location.

"Rest assured that if you have a million dollars to spend in Albury, there won’t be anything to spend once you move in," the valuation firm said.

Just up the hill from the central flats, 699 Uralla Place, Albury (pictured below) sold for $1.08 million in January.

The property is a highly renovated circa 1965 part two level, four-bedroom, three-bathroom, four-car-garage with a pool on a moderately sloping 930 square metre block, proving the market will pay for someone else to do the renovation work.

"The aerial images highlight that at the top end of town, size and amenities matter, but if you are feeling a bit claustrophobic from all house no yard, the prestige residential lifestyle property might tick all the boxes," the valuation firm said. 

"In February, 4 Hawksview Road, Wirlinga (pictured below) sold for $1.1 million, so is comparable to our in town examples price wise," the valuation firm continued. 

Set on 8,098 square metres, there isn’t room for horses however the property comprises the original 1930 cottage in addition to a very well appointed colonial style four-bedroom, two-bathroom, two-car brick home with wrap around verandahs, pool, tennis court and large workshop.

Albury and only one kilometre from Lake Hume.

"The prestige rural lifestyle market segment again is thinly traded, highly sought after and has a small pool of potential purchasers," the valuation firm stated. 

"To conclude our Albury wish list with the biggest and the best, in March, 26 Old Sydney Road, Table Top (pictured below) was the highest sale at $1.35 million."

Everything about this property was top notch for the area.

A circa 2005, five-bedroom, two-bathroom, three- car residence (324 square metres of living) set on established manicured gardens with panoramic countryside views on 3.15 hectares featuring pool and large workshop only 16 kilometres from town with Lake Hume just down the road.

"There are currently three listings in Albury in the $1 million price bracket. Interestingly, these include a character dwelling in town, a character dwelling on large block in Thurgoona and a rural lifestyle in Table Top, so take your pick, Albury offers the lot," the valuation firm concluded.