A Warrawong property, available for the first time in more than 60 years, has been snapped up after a few weeks on the market.
Subscribe now for unlimited access.
or signup to continue reading
The home at 65 First Avenue North, Warrawong sold for $741,100.
The property features a three-bedroom main home upstairs, and a self-contained one-bedroom granny flat.
The sellers bought the 645 square metre block of land in 1960.
Selling agent, Michael Moate from R&W Figtree said the home, which had attracted a strong level of inquiry, had been in the same ownership since that time, until the recent sale.
"They built downstairs, and they all lived downstairs in that area together," he said.
"And he built the upstairs as they got more money, then built the garage after that."
Mr Moate said the home was sold to an Illawarra-based buyer, who planned to be an owner-occupier.
"It's got fantastic ocean and lake views, and was built very well - the old Italians used to build things like Fort Knox," Mr Moate said.
"It needed a little TLC, but it's solid and built very well."
The brick construction features two galley kitchens, two bathrooms, two living areas and formal dining area.
According to CoreLogic, currently the median sales price of houses in Warrawong is $725,000.
It's not the only property in the region that has been offered for sale after many decades.
At the higher end of the market, a home located in a tightly-held section of an already in-demand suburb is for sale after 75-plus years in the same family.
Sitting on 689.2 square metres, the home at 3 Park Road, Gerroa is due to be auctioned on February 15.
Selling agent, Kate Morgan from Ray White Gerringong said the current owners purchased the block of land in 1947.
"It's in a unique spot, and you don't get many chances to buy into that street," Ms Morgan said.
Ms Morgan said they expected strong buyer interest in the home, which has a price guide in the low $2 million range.
Readers can now subscribe to Australian Community Media's free weekly Illawarra property newsletter, Hot Property Illawarra.
The newsletter will keep you informed about what's currently making headlines in the region's real estate market and beyond.
To sign up, click here, scroll down, enter your details, click the 'property' box and then click 'subscribe'.
Brendan Crabb
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
