This week we are taking our focus to an area where we have seen a flurry of activity over the past week, the suburb of Narraweena. While the entire Northern Beaches market is busy and we are seeing high levels of buyer activity across the board, we will shine a light on this popular suburb showcasing some data and market intel on this area where many buyers are seeing so much value.
Narraweena, meaning ‘a quiet place in the hills’ is a family friendly suburb that has come a long way over the last twenty years. From a small suburb surrounded by its bigger and more well known neighbours of Dee Why, Cromer, Beacon Hill and Brookvale, Narraweena is now a highly sought after location when it comes to family living. Known for it’s large blocks and friendly community, Narraweena has shaken the stigma from the 1960’s and 1970’s when the area saw significant development of public housing. These days, the buzzing cafes, delis and shops are full of families and people who love this suburb and all it has to offer. The recently built Narraweena Village shops are a big win for the area, further contributing to the community vibe like other local surrounding suburbs. The village vibe these shops bring to the area will be similar to those in Wheeler Heights, Freshwater and Collaroy Plateau, and alongside two great schools, shops, parks and located only 15km from the CBD and 3km to the beach it is no wonder so many first home buyers, families and downsizers are deciding to call this suburb home.
Currently, the median house price in Narraweena is $1,550,000 and with an average of 11 years ownership in the area, a lot of property owners are renovating or rebuilding their homes so their homes can expand with their families and stay in the suburb. According to Corelogic RPData (2020) there are 1667 houses and 194 attached properties/apartments located in Narraweena, and following a slight drop in values during 2019, the market has steadily increased since. We are seeing evidence of this increase in buyer demand on a regular basis, with many buyers finding incredible value in this gem of a suburb. Over the last week we have sold three properties in Narraweena, all of which have resulted in great prices and very happy clients. Here is a brief summary of each sale:
84 Waratah Street, Narraweena
Days on market: 7 days
Originally one of the first houses on what is one of the oldest streets in Narraweena, no expense has been spared in the transformation of this remarkable home, which serves up a multitude of impressive living spaces that connect directly with the level tropical garden.
With 54 groups through our first open home, this home was incredibly popular with young families from the beginning. Showcasing the stunning renovation and styling of this home was a key element in creating an emotional connection to this home for many buyers.
36a Rayner Avenue, Narraweena
Days on market: 21 days
This house-sized Torrens title semi-detached boasting approx. 280sqm of internal living space, is quietly nestled away down battle axe driveway from the bustle of this thriving little community.
Rayner Avenue is considered a premium street in this suburb given its views and it attracted a decent amount of keen buyers who were eager to buy into this popular area.
1 Warri Close, Narraweena
Days on market: 22 days
Flaunting a new renovation that blends style and functionality beautifully, this solid brick home is simply ready to be moved into and enjoyed.
The pretty styling of this home was translated through our marketing campaign and was integral in attracting 68 buyers through over a 3 week campaign.
We have a range of buyers still looking for property in Narraweena so please get in touch if we can help finding the perfect buyer for your property.