Yet another one of Sydney’s grand old homes — sitting on the shelf since before COVID-19 struck — has been snapped up in continuing positive signs for the prestige market.
A 1920s landmark residence in Darling Point owned by Rita Hamlin for 45 years, with spectacular harbour views, has sold for more than $10m, reliable sources say.
However its sales agents, Richardson and Wrench Double Bay agents Michael Dunn and Andrew Birbeck, wouldn’t comment on the sale price when contacted due to a confidentiality agreement.
The five-bedroom home Kendall Lodge, with Florence Broadhurst wallpaper on an 892 sqm block at 15 Eastbourne Road, has taken a substantial trim on its January lofty price guide of $12m.
But it’s believed to be not far off its most recent guide of $10.8m.
Tuesday’s sale is one of a string of recent sales of slow-movers.
“An eastern suburbs family has bought it,” was all Dunn was permitted to say.
It follows Dunn’s sale on July 24 of investment banker Paul Espie and his wife, Ros’s gothic mansion Callooa at 5 Bennett Ave, Darling Point.
The five-bedroom, five-bathroom home was originally listed two years ago with hopes of $27m, but its most recent guide had been $25m.
It’s understood the buyer, Jason Huljich — joint CEO of fund manager Centuria Capital Group — paid pretty close to that.
Another home to have sold after a long time on the market is “Maroomba’ at 21A Nelson St, Woollahra.
The four-bedroom, three-bathroom Victorian residence built over three levels is owned by the chief executive of Colonial Leisure Group, Brett Sergeant, and his wife, Iris, according to property records.
It was first listed pre-COVID-19 in early March with $8.25m price hopes in an expressions of interest campaign.
But its understood there was growing interest after the guide was revised to $5.5m after its August 11 auction and it sold close to that through Brad Pillinger of Pillinger.
So that was seven months on the market — but vendor expectations were evidently too high at the start.
That makes the four months that it took LJ Hooker Double Bay’s Bill Malouf to sell former Sleeping Giant owner Fred Bart Bellevue Hill Art Deco mansion for more than $21m seem like a blink of an eye.
The six-bedroom mansion with pool and tennis court on a 2415 sqm block at 98 Victoria Road appeared as the Wentworth Courier House of the Week at the start of April and it was sold in mid July to property developer Willi Phillips.
It sold within its original price expectations of between $21 million the mid $20s.
Other slow movers were retired car dealer Laurie Sutton’s Darling Point mansion listed more than a year ago for $35m — that sold for $32m in March — and the Berthong waterfront in Elizabeth Bay that sold for $33m after being listed for $35m four years ago.
Those two sales were linked: Sutton was the buyer of Berthong, with his Double Bay agent, Alison Coopes, negotiating with the listing agent for Berthong, Ken Jacobs of Christies.
The Vaucluse waterfront of Nicholas Vass and his wife, Marion, at 31 Coolong Road — negotiated by Peter Anderson of Christies — also took a while to sell.
It was listed with $55m price hopes last October, finally selling for $34m to stockbroker Robert Fiani a few weeks ago.