Brand new family home breaks suburb record sale by whopping $650k

A newly built home north of the city experienced such high demand within a week on the market, that a private offer for the house broke the suburb record by more than $650,000.

The five-bedroom property at 69 Kuran St, Chermside, went up for sale in early September with Place Ascot.

69 Kuran St, Chermside, broke a suburb record over its weekend sale.

Nicknamed ‘Gwendolyn’, agent Drew Davies said the home’s brand new build was designed to fit large families with older kids, offering 270 degree vistas and a view over the city and Mount Coot-Tha.

“I had it online for about 7 days,” he said. “I had over 100 people through the home, and it was just an unconditional offer that got it done.”

The recently finished house was completed by a young family who had originally built it for themselves, until they decided to sell the house and relocate to acreage property in Burpengary.

The house was built by a couple who wanted a wide view over the city, and plenty of space for their kids.

When they decided to move, more than 100 people went through the house’s open homes in just the first week.

With a 6 car garage, modern-day amenities, a large family retreat and five bathrooms, the house was quickly swarmed at the house’s few open homes – a fact the eventual buyers noticed very quickly.

“The level of demand for that style of home is huge right now,” he said. “I think with the market riding the way it is, we’re getting a lot of buyers who were initially considering the blue chip suburbs of Ascot, Hamilton, Clayfield. They’re expanding their vision further, getting everything they want in a price range that suits them.”

Within a week, a buyer had offered the vendors $3.32 million, which was accepted.

The number beats the suburb record price by more than $650,000.

Rather than go to auction, the buyer’s best offer was quickly accepted by the vendors, with the home selling for a whopping $3.32 million.

This beats the previous record for any residential home in the suburb by more than $650,000, in a suburb with a median house price of $1.165m.

“This is a phenomenal result for Chermside,” Mr Davies said. “It’s a pretty substantial thing, considering it’s on a block that’s just over 500 sqm.”

“I won’t be surprised if that record is broken relatively quickly.”

The home has now gone to a family with three kids, who had been searching on the market for 18 months.

The home is going to a couple with three kids, who had been searching for a spacious property for each member of the family.

“They had been looking for a suitable property for the past 18 months,” Mr Davies said. “This is the first one that ticked all the boxes.”

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