Leckie's Woollahra bolthole sells for $100,000 less than bought for

Leckie's Woollahra bolthole sells for $100,000 less than bought for
Leckie's Woollahra bolthole sells for $100,000 less than bought for

The subdued price hopes of the Leckie family for their redundant Woollahra apartment have been realised with a small loss being taken.

The two-bedroom top-floor Queen St apartment was bought in 2016 for a bullish $1.2 million as a bolthole for Harry Leckie, the son of former high-profile TV executive David Leckie and wife Skye.

It sold midweek for $1.1 million.

On the bright side, buyers had been given a $990,000 guide and it was snapped up ahead of its June 6 auction through Alexander Phillips and Vince Licata at Phillips Pantzer Donnelley.

The 59sq m apartment is set on the second floor northeast corner with leafy views in The Alpha, a classic block of 12 which has its columned ­entrance on Alton St.

It was offered as a $775-a-week rental in 2018 when, after a stint at the Potts Point lifestyle concept store Becker Minty, Harry relocated to London to study interior design.

The block’s highest recent sale was the 59sq m unit directly below at $1.13 million last September.

Overall, Woollahra has a $1.04 ­median price for two-bedroom units, according to realestate.com.au.

 Its two-bedroom units have a $695-a-week median rent reflecting a 3.4 per cent rental yield. Based on five years of sales, Woollahra has experienced a compound growth rate of 5.7 per cent for units, which suggests the family overpaid on purchase.

This article was first published in the Sunday Telegraph. 

 

 

11/164 Queen Street, Woollahra, NSW 2025

 

 

 

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