{"id":42698,"date":"2023-03-30T09:46:13","date_gmt":"2023-03-29T20:46:13","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42698"},"modified":"2023-03-30T09:46:13","modified_gmt":"2023-03-29T20:46:13","slug":"5m-wide-house-sells-for-10-5m","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/5m-wide-house-sells-for-10-5m\/","title":{"rendered":"5m wide house sells for $10.5m"},"content":{"rendered":"

PHOTO: 71 Stuart Street Manly NSW 2095. DOMAIN<\/strong><\/p>\n

The beachside house sold for millions over its reserve, achieving the eye-watering price despite the heat coming out of the housing market.<\/p>\n

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A Sydney<\/a> home has sold for an eye-watering $10.5 million despite being just five metres wide.<\/p>\n<\/div>\n

The sale of the beachside home also smashed through the auction reserve climbing $4.5 million above what the owners were happy to take.<\/p>\n

The three-bedroom home, which is based in one of Sydney\u2019s most popular beachside suburbs in Manly<\/a>, saw three bidders competing to win the property.<\/p>\n

\"Holly<\/a><\/div>\n
\n
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Why \u2018Manly is a thousand times better than Bondi\u2019: Holly Brisley<\/a><\/h2>\n<\/header>\n<\/div>\n

Despite the home\u2019s smaller dimensions, it boasted \u201cbreathtaking panorama\u201d views over the harbour, Little Manly beach and city skyline, the real estate ad said.<\/p>\n

\u201cWatch the ferry\u2019s and cruise ships float by as well as occasional city fireworks,\u201d it said.<\/p>\n

\u201cThe sunsets are breathtaking and waves lapping the beach serenade by night.\u201d<\/p>\n

The house included open floor entertaining, a glass atrium, gas fireplace and floor to ceiling glass frames to enjoy the views.<\/p>\n

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\"The<\/div>\n

The Manly house is only 5 metres wide but sold for an eye-watering price. Picture: REA<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The house boasted breathtaking views according to the real estate ad. Picture: REA<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The main bedroom downstairs includes a walk-in robe, ensuite and water-view terrace. Picture: REA<\/strong><\/em><\/div>\n

It also featured a 273-bottle wine rack, auto triple lock up garage with space for gym or beach-craft storage, tallowwood flooring and ducted heating.<\/p>\n

\u201cNicely elevated and recessed so that it is private from the street, it is nestled at the base of Manly\u2019s exclusive Eastern Hill within footsteps of picturesque Little Manly Beach and harbourside parkland with Manly\u2019s cosmopolitan lifestyle hub only a short breath away,\u201d said the ad.<\/p>\n

\"Michael<\/a><\/div>\n
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Wallabies star Hooper buys in Manly<\/a><\/h2>\n<\/header>\n<\/div>\n

The house went to auction on Saturday with a $6 million reserve where five people registered to bid \u2013 with the winner placing a whopping $100,000 final bid to score the place. It was purchased by a local looking to upgrade from an apartment.<\/p>\n

The owners had lived in their Manly home for 15 years, purchasing it back in November 2005 for $2.2 million, but were downsizing.<\/p>\n

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\"It\u2019s<\/div>\n

It\u2019s a 10 minute stroll to Manly\u2019 thriving village, eateries, wharf and Ocean Beach. Picture: REA<\/strong><\/em><\/div>\n

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\"It<\/div>\n

It was footsteps to Little Manly Beach with netted pool, boat ramp and Ripples Cafe. Picture: REA<\/strong><\/em><\/div>\n

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\"It<\/div>\n

It had an open floor entertaining area. Picture: REA<\/strong><\/em><\/div>\n

Selling agent Mark Skeens from Stone Real Estate Manly said the property stood out due to its location.<\/p>\n

\u201cIn general, the market\u2019s come off in the last 10 months, but the top end of Manly is still doing really, really well,\u201d he told\u00a0Domain<\/a><\/i>.<\/p>\n

The sale was well above the median house price in Manly, which sits at $4 million, according to REA, based on 43 sales in the past 12 months \u2014 a decrease in house prices of 12 per cent.<\/p>\n

\"Sobriety<\/a><\/div>\n
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Sobriety coach selling Manly home to help celebs\/women stay sober<\/a><\/h2>\n<\/header>\n<\/div>\n

Australia\u2019s property market has experienced a slight upturn amid skyrocketing interest rates and continuous price falls over the past 12 months, according to the PropTrack Home Price Index released earlier this month.<\/p>\n

It found\u00a0Sydney house prices\u00a0had crept up by 0.36 per cent in February but were still down by 6.64 per cent annually.<\/p>\n

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\"Entertainers\u2019<\/div>\n

Entertainers\u2019 kitchen with two Caesarstone island benches plus dishwasher. Picture: REA<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The floorplan for the house. Picture: REA<\/strong><\/em><\/div>\n

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\"It<\/div>\n

It had two bathrooms. Picture: REA<\/strong><\/em><\/div>\n

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\"Spectacular<\/div>\n

Spectacular open floor entertaining venue with living, dining and family area. Picture: REA<\/strong><\/em><\/div>\n

It\u2019s not the only house to post an extraordinary price above the guide at auction on the weekend.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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