‘Slow start’ Hunters Hill home sells after opening $18m bid

3 Mayfield Ave, Hunters Hill NSW

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A house on Sydney’s decrease North Shore has taken out the title of the most important sale at public sale over the weekend

Receiving a gap bid of $18m, 3 Mayfield Ave in Woolwich offered in a forty five minute public sale to a household from the town foreshores who had been on the lookout for a property for almost a yr.

The seller is known to be skilled punter Lincoln Holgate, with purchaser’s agent Paul Cavarra of Mayfield Property Patrons revealed to be the underbidder.

The property on Sydney’s decrease North Shore acquired a gap bid of $18m.

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The profitable bid went to a different purchaser’s agent for was lower than $100k above the earlier bid, securing the property.

There have been three bidders in complete, with the profitable purchaser’s agent conserving the ultimate worth beneath wraps regardless of the events agreeing to a public public sale on the Friday night.

The Woolwich property didn’t promote final yr when there was a $23m-$25m information beneath one other agent.

Listed this yr by way of McGrath agent Tracey Dixon and auctioned off by John McGrath, the sale is believed to be the very best priced property offered beneath the hammer on the Woolwich/Hunters Hill peninsula.
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The public sale noticed three bidders vying for the waterfront property.

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“Auctions are a serious unknown issue, we had about three or 4 events – two of them got here with purchaser advocates,” Ms Dixon mentioned.

“It was a gradual begin with the $18m bid, nevertheless the profitable third social gathering pushed it over the road to a good and good end result.”

Ms Dixon mentioned events had been lured to the property’s extensive frontage and world-class boating amenities which included a personal boatshed, pontoon and enormous boat pen.

The property’s situated in a uncommon and tightly held space throughout the blue-chip cul-de-sac locale additionally added to its attraction.

A view of the water from the sitting room.

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“Properties like this one which fetch a better worth are extra restricted than in earlier years. Woolwich, and Hunter’s Hill extra broadly are small suburbs with lower than 1,000 houses accessible.”

“In consequence, we’re seeing extremely excessive demand and the houses bought only a few years in the past have skilled distinctive development.”

Luxurious facilities included with the property: A pool, personal pontoon, boatshed, and Italian marble kitchen with luxe home equipment.

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Regardless of the altering market, the demographics for houses corresponding to 3 Mayfield Ave have remained the identical – upsizers that dwell shut by or come from Sydney’s Inside West are more and more making their presence identified.

Median home costs in Hunters Hill have continued to rise over the previous yr, with figures leaping by 8.9 per cent. It now prices $4,14m to purchase a house within the space on the median worth.