Sam Murden, Property Journalist
First published 30 Jun 2023, 4:00am
36 Fraser St, Kellyville NSW
An agent has been ‘floored’ by the sale of a Hills District property which was purchased for$500,000 above its previous sale which took place just 10 months ago.
A young couple from Glenwood who had been living with their parents had saved up to purchase 36 Fraser Ave, Kellyville in June last year for $2.1m.
The pair had bought the property so that their parents could move in with them in August later that year, however the parents ultimately decided not to move in.
This Kellyville property sold for $500,000 above its previous sale price.
They decided to sell the property 10 months later as it was deemed too big for them, with the couple’s initial price expectations sitting between $2.1m – $2.3m.
It was listed and marketed via The Studio’s Ismail Ates, who told The Daily Telegraph that his own predictions of what the property would sell for were ‘blown out of the water’.
“We advertised on the market on the Friday afternoon, and the following day we had 25 groups of buyers inspect the home – which sold after one inspection for $2.6m to another young family who had admired its size and presentation.”
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A young couple had purchased the property for their parents, but they never moved in.
“I was just flawed by the result, they made $500,000 in 10 months of ownership by selling the property in the exact same condition they bought it in.”
“Young families all over Sydney have admired Kellyville in recent months due to its proximity to the upcoming Metro West Line and the schools in the area. This property in particular backs onto a main road, which also pushed up its value.”
The home has practically remained untouched since it was purchased.
The four bedroom and three bathroom property was touted for sale as a family home with a mixture of entertaining, landscaped gardens, and a swimming pool.
Sitting on a 607 sqm block of land, it featured an oversized kitchen with high end appliances, a walk-in wardrobe with an ensuite, and a downstairs study.
Kellyville was revealed to be one of Sydney’s most in-demand suburbs.
Kellyville was recently revealed to be one of Sydney’s most in-demand suburbs over the past 12 months, with new PropTrack data revealing 20,000 buyers had been looking to purchase properties in the area.
Over the past year, median prices in the suburb have slightly declined by 2.2 per cent – with the average home costing $1.662m to buy.
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