Oversized Naremburn semi secured under market value prior to auction
▉ REGION: LOWER NORTH SHORE
▉ CLIENT: UPSIZING FAMILY
▉ BUDGET: $2.9M
Background
Our clients were a growing family looking to upsize from their existing apartment and secure more internal living space, a larger backyard, and a family-friendly location within Sydney's Lower North Shore. Their preference was for a home that offered the feel and functionality of a freestanding residence while remaining within a realistic budget for the area.
At the time of their search, market conditions were somewhat unique. Listing volumes remained low, resulting in fewer options for buyers. However, buyer competition had also eased compared to previous years, creating a more balanced market and presenting opportunities for well-informed purchasers to negotiate strongly.
Challenges
The family's brief required a rare combination of factors:
Significant internal accommodation suitable for a growing family
Outdoor space for children and entertaining
Proximity to schools, transport and village amenities
Liveable condition with opportunity to add scope, under $3m
Strategy
Through our ongoing market engagement and relationships with local agents, we identified 20 Station Street, Naremburn within two weeks of the clients engaging our team.
The property was an oversized semi-detached residence on more than 350sqm of land that offered substantially more space than a typical semi.
Our assessment identified that the prevailing market conditions were creating a window for negotiation. With lower levels of buyer competition than seen in previous years, we were able to approach the transaction strategically, leveraging market feedback and vendor circumstances to secure favourable terms.
Throughout the process, we provided detailed pricing analysis, assessed comparable sales and managed negotiations on our clients' behalf to ensure they purchased with confidence.
Outcome
We successfully secured 20 Station Street, Naremburn for our clients, allowing them to upsize into a significantly larger family home within their preferred location.
The purchase represented excellent value when compared with competing homes in the area and delivered the additional space and lifestyle improvements the family had been seeking.
Most importantly, our clients were able to take advantage of a unique market window where limited stock was balanced by reduced buyer competition, creating an opportunity to negotiate strongly and secure a high-quality family home on favourable terms.
