When this classic Manly semi at 4 Fairlight Street, Manly was launched to market, we knew it would tick a lot of boxes with buyers in this price bracket. Dressed in neutrals and offering a stunning light-filled living zone, this was an elegant home for a broad range of buyers including professionals, young families and urban entertainers. It sits in perfect proximity to Manly, with harbour beaches and all of the buzz and excitement of this iconic seaside suburb not far from the doorstep.
Following a busy first open home, it was evident from buyer feedback that our guide needed to be increased from $2,300,000. While our initial guide was calculated by looking at recent sales of similar properties in the area, this sudden upswing in the market created an incredibly high demand for many properties, and especially for properties within walking distance to social and transport hubs like Manly. While we were planning on running a full Auction campaign, the interest in this property was incredibly high. Over the three inspections we saw 97 groups through the home, and one of those being one of the wettest Sydney days on record! With 30 contracts out and buyers wanting to make offers, it was clear from this level of feedback that we needed to once again increase our guide to $2,500,000 – $2,750,000.
Over a 24 hour period we had three stand-out buyers make 17 different formal offers back and forth competing for this property. Our eventual buyer came into negotiations late in the day, and made a few strong offers to secure the property at a final sale price of $3,100,000. Our buyer lives in the neighbourhood and is extremely excited about what she can potentially do with the property over the coming years. The tenant of the property is also thrilled at the prospect of being able to continue leasing the property from the new owners for a while longer.
Our vendors are obviously over the moon with the final result and also the seamless experience they had with James, Anita and Leah selling the home in just 13 days.
“James, Anita, Leah and the team at Cunninghams had a professional and down to earth approach from our first meeting. Their advice was spot on from day one. The communication was incredible every step of the way, from their dealings with the tenants, organising the repair works required to prepare the property for sale, the open house reports and finally the most important part , the negotiations for the sale of the property pre Auction. Resulting in a record sale for our property. Outstanding.”
– Vendor, 4 Fairlight Street, Manly
If you’re looking to make a property move in 2021, please get in touch to see how we can assist you in making it a seamless transition.