Original coastal home in Bronte records 8.5% annual growth over 23 years: RP Data

The most expensive sale for the week ending May 19 was an original coastal cottage in Bronte, New South Wales, which sold at auction on May 15 for $4.05 million, according to RP Data.

Located on Bronte Road, the property (pictured below) was listed by Jason Black and Brent Foster of Black Lifestyle Property Randwick.

The three-bedroom, one-bathroom house sits on approximately 530 square metres and offers the possibility to be renovated or rebuilt.

The property last sold in April 1990 for $615,000, reflecting an annual compound growth rate of 8.54%.

New South Wales dominated the list, with a total of seven properties securing spots.

The top 10 most expensive sales last week

449 Bronte Road, Bronte, NSW, 2024, three-bedroom house, sold on May 15 by Black Lifestyle Property Randwick for $4.05 million

1 Bridge Street, Balmain, NSW, 2041, four-bedroom house, sold at auction on May 18 by Cobden & Hayson for $2.735 million

3/112 Milson Road, Cremorne Point, NSW, 2090, three-bedroom unit, sold on May 16 by Ray White Lower North Shore for $2.65 million

28 Vernon Street, Strathfield, NSW, 2135, six-bedroom house, sold at auction on May 18 by Richardson & Wrench Strathfield for $2.65 million

3 Welwyn Avenue, Brighton East, VIC, 3187, four-bedroom house, sold at auction on May 18 by Marshall White for $2.575 million

84 Birriga Road, Bellview Hills, NSW, 2023, four-bedroom house, sold at auction on May 18 by Liang + Simmons Double Bay for $2.425 million

277 Coopers Shoot Road, Coopers Shoot, NSW, 2479, three-bedroom house, sold at auction on May 18 by McGrath Estate Agents for $2.4 million

37 Stanley Street, Nedlands, WA, 6009, five-bedroom house, sold prior to auction on May 18 by Acton Dalkeith for $2.37 million

3 Howard Street, Strathfield, NSW, 2135, six-bedroom house, sold at auction on May 18 by Devine Real Estate for $2.335 million

20 Beaver Street, Malvern East, VIC, 3145, four-bedroom house, sold at auction on May 18 by Hocking Stuart Glen Iris for $2.26 million