Mosman apartment sells at $5.01 million

Sydney had the priciest advised weekend auction sale when $5.01 million was paid for a Mosman penthouse.

Mosman apartment sells at $5.01 million
Mosman apartment sells at $5.01 million

Sydney had the priciest advised weekend auction sale when $5.01 million was paid for a Mosman penthouse. 

The Moruben Road penthouse sold last in 2004 at $2.05 million having first traded in 2002 on completion at $1.85 million. 

Mosman's median apartment prices sits as $1,002,500, with realestate.com.au calculating units typically rent for $550 per week with a rental yield of 2.9 percent. 

Based on five years of sales, Mosman has seen a compound growth rate of 2.9 percent for units.

Selling agent Jonathon De Brennan marketed the three bedroom, two bathroom apartments as the “jewel in a prestigious boutique complex” of six apartments. 

It came with two car spaces.

It came with Middle Harbour views from its Balmoral Slopes location. 

The tightly held block’s last sale was $2.7 million in 2016. 

The neighbouring penthouse last traded at $1,805,000 in 2003.

Sydney saw a 96 percent success rate at weekend auctions, according to Realestate.com.au. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Sydney Auctions Mosman Trophy Home

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