Tightly held for 35 years, Mosman home secures $6 million plus profit: RP Data

Tightly held for 35 years, Mosman home secures $6 million plus profit: RP Data
Tightly held for 35 years, Mosman home secures $6 million plus profit: RP Data

A five-bedroom waterfront home put to the market for the first time in 35 years is this week’s most expensive sale, selling for $6.45 million, according to RP Data.

The property on Iluka Road last traded in 1977 for $167,500 an annual appreciation rate of 10.4%.

Situated on 795 square metres, the lower level as been updated with a self contained retreat featuring a caesarstone kitchen.

The property, listed with a $6 million plus price guide, was advertised as needing some refurbishment, or alternatively, the buyer could build their dream home.

The home sold at auction on November 23 through Sally Osborne of Belle Property Mosman.

The median house price in Mosman is $2.2 million, a 4.3% decline in the past five years, according to RP Data.

Most expensive sales:

30 Iluka Road, Mosman, NSW, 2088, five-bedroom house, sold at auction on November 23 by Belle Property Mosman for $6.45 million.

3/47 New Beach Road, Darling Point, NSW, 2027, three-bedroom unit, sold at auction on November 19 by 1st City Hasemer + Caldwell.Eyles for $6.3 million

46 Brighton Boulevard, North Bondi, NSW, 2026, four-bedroom house, sold prior to auction on November 21 by Ray White Double Bay for $5.475 million.

2/40 Mona Road, Darling Point, NSW, 2027, three-bedroom unit, sold at auction on November 19 by 1st City Hasemer + Caldwell.Eyles for $4.4 million.

17 Uvadale Grove, Kew, VIC, 3101, five-bedroom house, sold on November 23 by Jellis Craig Hawthorn for $4 million.

26 Cross Street, Bronte, NSW, 2024, four-bedroom house, sold at auction on November 20 by Laing + Simmons Double Bay for $3.8 million

28/155 Macquarie Street, Sydney, NSW, 2000, three-bedroom unit, sold on November 20 by Wilson Property Agents Circular Quay for $3.75 million.

62 Glyndon Road, Camberwell, VIC, 3124, five-bedroom house, sold at auction on November 23 by Marshall White Armadale for $3.73 million.

119 Victoria Road, Bellevue Hill, NSW, 2023, four-bedroom house, sold at auction on November 20 by Laing + Simmons Double Bay for $3.63 million.

47b Irvine Street, Peppermint Grove, WA, 6011, three-bedroom house, sold at auction on November 23 by Mack Hall Real Estate Claremont for $3.5 million.

ntrotman@propertyobserver.com.au

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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