21-23 Ada Ave, Wahroonga has sold for $18.55m, sources advise.
Wahroonga has just clocked up its second suburb record within a week as large landholdings are snapped up by families wanting space.
A grand estate in Ada Ave, with links to TattsLotto sold on Melbourne Cup Day for a new benchmark for Wahroonga, beating the $18.5m record set for another estate only the week before.
On Tuesday October 28 a tri-level mansion with tennis court, pool and lift at 58-60 Carrington Rd sold for $18.5m after just 13 days on the market.
David Walker, of Ray White Upper North Shore, said many inner city and eastern suburb families were interested but the 4047sqm estate sold to a local family.
MORE:
Gay marriage poster boys’ bitter property split
The Ada Ave, Wahroonga mansion is on mroe than 7000sqm of land.
What an entrance!
Pevensey was built in 1939 for the menswear retail Lowes family.
“Buyers place a far higher value on space than they used to,” David said.
“They used to value convenience but now they want a pool, four or five bedrooms and room for the children,” he said.
A week after the Carrington Rd sale the mansion Pevensey on more than 7000sqm of land in Ada Ave sold to an eastern suburbs’ family for $18.55m, just $50k more than the Carrington Rd property.
The estate had a tennis court, pool, stables, six bedrooms, seven bathrooms and a separate one-bedroom residence in the park-like grounds.
Tim Fraser, of Di Jones Upper North Shore, couldn’t disclose the sales price but he did confirm it was a new record for Wahroonga.
The tennis court was a big hit with the buyers.
And the pool is the lap of luxury.
The buyers were an eastern suburbs family.
It was other sources who revealed the exact price, which has been the talk of the suburb.
“The buyers fell in love with the landsize and the privacy,” he said.
“These large landholdings are getting rarer and there is a sense that people want to get in and grab them before they are carved up … I have the highest number of active buyers in the $15m to $30m range I have ever seen,” he said.
Tim added that Pevensey was built in 1939 for the menswear retail Lowes family.
They in turn sold to the Adams family of Tattersalls fame.
George Adams, 1839-1904, was a publican and lottery promoter best known as the founder of the betting business Tatts Group.
A branch of the Adams family sold the Ada Ave estate in 2011 for $3,975,000. This week’s sale is only the third time the property has traded in 86 years.
MORE:
English (US) · 