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Paddington buyer smashes Randwick house price record with $6.75m+ sale

No. 53 Govett St, Randwick, has smashed the suburb price record.

A Randwick home in the same family for 40 years has sold for more than $6.75m — $1.5m above the guide price and smashing the suburb record by $350k. It hit the market yesterday.

McGrath agents Stephen McMorrow and Angus Gorrie instantly had buyers fighting over the Federation home on a rare 836 sqm block at 53 Govett St.

The deal was done this afternoon, though negotiations had already started when it was off-market. It’s understood the purchasers are a family from Paddington.

Explaining the huge result so quickly and especially during the pandemic, McMorrow said: “There’s been no house on the market in Govett St — one of the best streets in Randwick — with a north-facing backyard on that size block of land for 20 years.”

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The huge north-facing backyard had a lot to do with the big result.

Charming interiors.

The agents had a price guide of $5.25m.

Stephen McMorrow said he was bound by a confidentiality agreement regarding the exact sale price, but said the result was more than $350k above any other house sale in Randwick.

With the previous record being $6.4m for a house in Rae St three years ago, that put the sale price for the Govett St house at more than $6.75m.

Angus Gorrie added it was “a killer price”.

The kitchen is probably due for an update.

Neutral tones may work better in the dining room.

He said that despite COVID-19, vendors with quality homes should have confidence to sell in the current market.

“We had 81 email inquiries last night,” he added.

“There is confidence in that price bracket … Randwick north is highly sought after, but this house needs a lot of work.

Outdoor entertaining …

… And there’s a pool.

“The last time it was renovated was 30 years ago, so we’re not talking about a finished house here.”

The property has been owned by the Jones family since 1983, when it was purchased for the grand some of $226,500.

The block had an 18.3m wide frontage. And there’s a pool. A double garage is accessed via a rear lane.

Centennial Park and the village cafes on Clovelly Road are close by.

The post Paddington buyer smashes Randwick house price record with $6.75m+ sale appeared first on realestate.com.au.

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Fast sale at Gawler East highlights a new housing hotspot

44 Calton Rd, Gawler East. Supplied by Smallacombe Real Estate.

THE Gawler area is fast emerging as a hotspot for people seeking an affordable treechange within commutable distance of the CBD.

Smallacombe Real Estate’s Robyn Coles says a home she was selling at 44 Calton Rd, Gawler East has sold within two weeks of launching on realestate.com.au and in that time attracted almost 2500 views on the search site.

“To date it’s been viewed 2256 times,” Ms Coles says.

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“I thought it would go very quickly.

“It’s a real boom spot – people can’t afford Stirling, and Bridgewater and Crafers are getting up there now.

“It’s been a secret for a long time and has been a bit of a sleeper, but the lights are going on and a lot of people are realising it offers the same feel as if you were to go up the freeway into Woodside and Hahndorf.

“The north-south connector has helped a bit, but you still get a good run going up Main North Rd.”

44 Calton Rd, Gawler East. Supplied by Smallacombe Real Estate.

The property was featured in the Real Estate Magazine last Saturday, with Ms Coles saying it helped attract strong interest.

“The editorial gave it a real boost and really helped attract family groups,” Coles says.

“We had six groups through on the Saturday and then 14 groups through on the Sunday.

“A lot of those had seen the home in the paper on Saturday and then come up on Sunday for a look.

“We’re seeing a lot of people from the suburbs wanting to go more rural, and this area – Gawler and that belt between One Tree Hill and Williamstown – is still affordable, whereas the Adelaide Hills is too expensive for people now.

“I’m seeing huge interest in Gawler at the moment – there are no rentals and properties are flying off the shelf. I can’t wait to sell more up here.”

44 Calton Rd, Gawler East. Supplied by Smallacombe Real Estate.

The home is set on 2666sqm of sprawling gardens and has five bedrooms and a covered inground swimming pool.

Ms Coles says buyers are looking for a more back-to-basics way of living, and seeking homes with spacious and productive gardens.

“The gardens here are gorgeous – they are the sort of gardens and fruit trees you’d find in a lovely eastern suburbs home,” Ms Coles says.

“Our values have changed and people are going back to basics — the basic values we grew up with around feeling comfortable and safe, this is like going to a relative’s home that’s a home, and a lot of houses these days don’t feel like a home.

Ms Coles says the home sold to a “Cockatoo Valley family with three gorgeous little boys”.

Harcourts Sargeant agent Jayne Tozer says interest in the Gawler area has increased since the completion of the northern expressway.

44 Calton Rd, Gawler East. Supplied by Smallacombe Real Estate.

“You’ve got an easy commute to the city, and then you’ve got the Barossa Valley in the opposite direction, so it’s the best of both worlds,” Ms Tozer says.

“I’ve just recently moved a couple of families up from Semaphore and Taperoo sort of way up to the Galwer area and they’re looking for that sense of space.

“And you get a lot more for your money here – I think that’s why a lot more first time homebuyers move out here as well, because they do get so much more for your money.”

Ms Tozer says buyers are also looking for a simpler way of living.

“People are really looking for that country living and growing their own food,” she says.

“I’m a country girl, so I love seeing city people moving their children out to the country because there are so many benefits, especially when it comes to schools and that community lifestyle.

“When you live in a country community everyone gets to know everybody and when you go to the shops people recognise you.”

The post Fast sale at Gawler East highlights a new housing hotspot appeared first on realestate.com.au.