The three-bedroom unit at 2/5 Kunzea Crt, Mount Waverley, fetched $1.75m earlier than public sale, $100,000 above its information and $146,000 above the suburb’s median home value.
A 3-bedroom Mount Waverley unit has fetched $1.75m earlier than public sale, placing it $100,000 above the suburb’s median home sale value.
The house at 2/5 Kunzea Crt bought on Wednesday, additionally topping its $1.55m-$1.65m information by $100,000 and cancelling Saturday’s public sale.
Solely two consumers expressed real curiosity when it got here time to place ahead a proposal in the course of the four-week marketing campaign.
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PropTrack figures present Mount Waverley’s median home sale value was $1.65m in June, whereas its unit median was $1.125m.
The Kunzea Crt consequence was subsequently $625,000, or 55.6 per cent, above the everyday unit sale value.
The consequence was 6.1 per cent above the suburb’s median home value.
Mount Waverley’s unit median rose 2.7 per cent over the 12 months, outpacing the 1.5 per cent improve recorded for homes.
The house was the second property Buxton Mount Waverley agent Peter Serafino had bought on the street in a few 12 months, though the developments occupied otherwise formed blocks.
The open-plan dwelling and eating zone options 2.7m-high ceilings and timber flooring, giving the low-maintenance unit a spacious really feel.
Mr Serafino mentioned native owners who had constructed up fairness might stretch their budgets for the best downsizing property quite than compromise on location.
“Once you’ve received consumers who have already got a home in Mount Waverley price $1.7m to $1.8m and they’re downsizing to a smaller property, they understand it’s going to be aggressive they usually can stretch on value as a result of they’ve received the fairness to attract on,” Mr Serafino mentioned.
He mentioned many residents had remained in Mount Waverley for many years as a result of their medical companies, outlets, family and friends have been shut by.
“Mount Waverley has lots of people who’ve been right here because the Fifties and Sixties,” he mentioned.
“It’s so handy, they usually have their medical companies, grocers, family and friends all close by.
“Individuals get pleasure from dwelling within the suburb, which is why it has retained that village really feel so properly.”
The principle dwelling zone opens to a personal timber deck with an automatic awning for year-round outside entertaining.
Mr Serafino mentioned the traditional floorplan, central location and general construct high quality had broadened the unit’s enchantment.
He mentioned the design helped it really feel spacious and personal, with the second dwelling space giving residents room to separate.
“When you will have a unit in central Mount Waverley that’s in such a great place, you don’t understand how the market will reply to it,” he mentioned.
“It’s actually fascinating to see how curiosity develops over that four-week window, and this one bought properly above for $1.75m, which was a terrific consequence.”
Mr Serafino knew the profitable purchaser and alerted them to the property earlier than it was marketed, permitting them to examine early.
He nominated its 2.7m-high ceilings, open-plan dwelling and eating zone, separate formal front room and high quality fixtures and fittings as its strongest options.
The only-level dwelling has three bedrooms, together with a important suite with a walk-in wardrobe and ensuite, plus a central lavatory and separate powder room.
A separate formal front room provides the single-level dwelling a second retreat away from its important open-plan zone.
Excessive ceilings and timber floorboards characteristic throughout its two dwelling zones, whereas the stone kitchen has stainless-steel home equipment, intensive cabinetry and a big island bench.
The principle dwelling space opens to a personal timber deck with an automatic awning, offering a coated house for entertaining all year long.
Double-glazed home windows, central heating, refrigerated cooling, a ducted vacuum system and a double storage full the house.
The 372sq m property is inside strolling distance of Mount Waverley prepare station and village and is zoned for Mount Waverley Main College and Mount Waverley Secondary School.
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