Gerringong property sets sale price record

DOMAIN

A three-bedroom house overlooking Werri Beach has become Gerringong's most expensive residential property and sent the record house price for Gerringong crashing through the $2 million barrier.

The William Smart-designed home at 39 Tasman Drive, which has ocean and mountain views from all rooms, sold after auction last Saturday for $2.15 million, through Ray White Gerringong.

Local developers Mark and Janet Lamble bought the north-facing block of land opposite the beachside reserve in 2010 for $765,000 and built the home on the 750-square-metre site.

BLOG: Builder's Jamberoo home on market

The previous record residential price for the area was $1.7 million paid in 2011 for 30 Pacific Avenue, next door to the Werri Beach Fish Shop.

Neil Campbell, of Ray White Gerringong, said the property had three registered bidders, but sold after auction to a Sydney couple, who plan to use the house as a weekender.

The house is on a block that in 2008 was one of the first seven sold in the 25-lot Headland estate. The land had been in the hands of the Noble family for almost a century. On that day, a crowd of more than 350 people saw the vacant lot sell for $920,000.

The neighbouring vacant lot, which is yet to be built on, sold for $1.2 million.

According to Australian Property Monitors, Gerringong's median house price now sits at $536,000.

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