Kensington suburb record price from Macquarie banker sale of Peter Dunkley built trophy home

Kensington suburb record price from Macquarie banker sale of Peter Dunkley built trophy home
Kensington suburb record price from Macquarie banker sale of Peter Dunkley built trophy home

Macquarie Bank divisional director Duncan McDonald and his wife Fiona set a suburb record in the Sydney suburb of Kensington this weekend at $3.775 million.

It had been tipped to fetch more than $3.5 million, topping the inner eastern suburb high of $3.2 million dating from 2010 on Baker Street.

Cooley Auctions tweeted the record result. It was among the 845 Sydney offerings which secured an auction clearance rate of 80.7%, according to Australian Property Monitors.

The Hong Kong based couple bought the 689 square metre McDougall Street block in 2007 for $660,000, then commissioned master builder Peter Dunkley to build a five-bedroom, four-bathroom home with a pool in 2007. All behind its delightful 1915 Federation facade.

The McDonalds, who rented the house to Peter Dunkley during their overseas sojourn, plan to make a tree-change to the NSW coast near Bellingen.

The couple provided a testimonial for Peter Dunkley's work on his website saying Peter was the ultimate perfectionist and will not tolerate anything less than the best possible result.

They indicated he had done two jobs for them - completed on time and on budget.

"It is no coincidence that Peter’s projects continue to make top and record breaking results at auction in all suburbs which he has worked," the McDonald's praise coming home to roost in their own favour this weekend.

The house, with 294 square metre floor space at 10 McDougall Street, sold through Damien Bickmore-Hutt of BHR Estate Agents after an opening bid of $3.6 million.

Title Tattle notes there is more auction action when 29 McDougall Street - owned by Peter Dunkley's wife, Melissa - goes to forthcoming mid-week auction with $2.3 million hopes through McGrath agent Andrew Livingston. Title Tattle notes the property cost $2.2 million in 2010, having been listed by prior owners in 2008 with ambitious $2.35 million hopes, so no tear-away expectations there now for the 1901 Federation with approved 2012 renovation plans costing $500,000.

The McDonald's sale continues the string of recent records across Sydney.

There was another record set this weekend in the southern Sydney suburb of Bexley with a $2.15 million sale at 5 Wallace Street bettering the previous record of $2,025,000 set in December last year at 37 Wallace Street.

This week another record was set at $8.02 million Dover Heights.

A two-bedroom house with a rear studio made out of recycled tin has broken Redfern's house price record, selling for $2.73 million in late March.

A crowd of 100 gathered at 105 Marriott Street, to watch less than a handful of bidders push the price $230,000 above the $2.5 million reserve for the 265 square metre property.

Records have also been set this year at;

Warren Ball Avenue, Newtown: undisclosed but $3.5 million plus (previous $3.2 million in 2010)

Water Street, Wahroonga: $9.2 million ($7.5 million in 2013)

Llandilo Avenue, Strathfield: $6.8 million ($5.75 million in 2007) through Joseph Georges & Co

Larose Avenue, Matraville: $2.04 million ($1.93 million in 2014)

Trevilyan Avenue, Rosebery: $2.17 million ($2.02 million in 2013)

Belmore Road, Peakhurst: $1.64 million ($1.48 million in 2013)

Montpellier Ridge, Bella Vista: $2.24 million ($2.08 million in 2013)

Georges River Crescent, Oyster Bay: $3.45 million ($2.9 million in 2007)

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?