A quiet year for South West WA prestige market: HTW residential

A quiet year for South West WA prestige market: HTW residential
A quiet year for South West WA prestige market: HTW residential

The past year has been a relatively quiet one for high priced properties in a region that has its fair share of prestige properties given the extensive coastlines and magnificent ocean views, according to the latest Herron Todd White (HTW) residential report. 

The report notes the region in the past five years regularly achieved residential sales upwards of $3 million, however 2019 has been a quiet one.

"It’s probably a good indicator of the subdued state of the top end of the market that there have been so few sales," the valuation firm said. 

A couple of sales which were notable in the past 12 months are:

The report at 2/28 Ella Gladstone Drive, Eagle Bay (pictured below) was sold for $2.8 million in June. 

A quiet year for South West WA prestige market: HTW residential

This is a circa 2011, two storey, four bedroom, two bathroom, architect designed dwelling which has been finished to a very high standard and includes quality fitout and a below ground pool.

The property is located at the end of a cul-de-sac on a 916 square metre elevated site and has very good ocean views.

"Eagle Bay is a salubrious locality and comprises many high quality homes many of which have views of the ocean and bay. This property ticks all the right boxes," the valuation firm commented. 

The property at 15 Duckworth Place, Naturaliste (pictured below) was sold for $2.3 million in January. 

A quiet year for South West WA prestige market: HTW residential

This property comprises a circa 2000, single level, four bedroom, two bathroom, architect designed dwelling with rammed earth and timber walls.

The property has many features including a 14 metre high ceiling and has been finished to a very high standard with a top quality fitout.

It is located on Mount Duckworth which is situated between Dunsborough and Yallingup on a moderately sloping elevated rural residential lot which has a land area of 4.3 hectares.

The elevated location of the house gives it excellent panoramic views of the coastal plain and distant ocean views of Geographe Bay.

Listings

In terms of listings, it would be hard to go past the property at 7 Picquet Close, Eagle Bay (pictured below).

A quiet year for South West WA prestige market: HTW residential

It is a 2003 built two-storey limestone dwelling with three bedrooms and two bathrooms and is situated on a 2,243 square metre elevated site and has absolute beach front to Eagle Bay.

"The very private house has been finished to a high standard however it is the fact that is has ocean views from almost every window and that you could stand on the back deck and almost reach out and touch the whales as they pass by that makes this property stand out.

"Be prepared to put your hand in your pocket though - it doesn’t currently have an asking price and is asking for offers," the valuation firm said.

Tags: 
Western Australia Prestige Market

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