A Nineteen Twenties brick bungalow within the Sydney suburb of Tamarama that final traded for £9750 in 1959, has offered for what’s believed to be about $45 million.
Lang Syne, at 31 Gaerloch Ave, Tamarama, offered this week to an unknown purchaser for not only a report on Sydney’s Japanese Seashores, however the highest oceanfront value ever in Australia, in line with realestate.com.au.
Set on a 1100sq m block, Lang Syne has been held within the one household for the previous 63 years and stands sentry on the purpose at Tamarama, providing spectacular views from the south head of Bondi, throughout Mackenzies Bay to Tamarama and Bronte.
Described by award-winning architect Bruce Stafford within the property’s advertising and marketing video ,with itemizing brokers Forbes World Properties, as “gold”, Lang Syne nonetheless retains a lot of its authentic options.
“This web site is among the best websites in Sydney,” Mr Stafford mentioned.
“It’s a 180-degree unfold, from South Head, all the way in which to North Bronte, and also you’ve obtained all of the surf breaks in between.”
Mr Stafford additionally praised the environment on the property itself, which is unfold throughout three blocks and is among the largest privately held parcels of land within the Japanese Suburbs.
“You’ve obtained nobody trying in on you, nobody trying down on you,” he mentioned.
“We’re really in an city setting, however it appears like we’re within the nation.”
Ken Jacobs of Forbes World Properties offered Lang Syne after itemizing it with a value information of $47 million to $52 million.
The precise sale value isn’t clear, however it’s believed to be round $45 million, in line with realestate.com.au.
Purchaser’s agent Simon Cohen, of Cohen Handler, acted on behalf of the purchaser within the deal, however their identification additionally stays a thriller, with Mr Cohen unable to offer remark.
Lang Syne was in-built 1924 by boot and shoe producer George Wolf and final offered for £9750 in 1959 to Harry Griffiths.
Mr Griffiths, a radio persona who was a part of a comedy sketch McCackie Mansions alongside Roy “Mo” Rene, died in 2014 on the age of 87, in line with the Sydney Morning Herald.
His widow Dimity Griffiths has lived on the household dwelling since they had been married in 1963, elevating their two daughters and two sons, whereas preserving the location from subdivision and overdevelopment all through the household’s 64 years of possession.
Earlier than the pandemic property increase, the Tamarama home value report stood at $15.75 million set in 2019 by the home subsequent door.
It has been reset a number of instances since, most not too long ago at $29.2 million for an oceanfront block of residences set on a block half the scale of Lang Syne that was bought by socialite Di Maloney to be redeveloped right into a household duplex.
Bronte’s report was reset final month at near $30 million by enterprise capitalist Craig Blair, topping the $29 million James Packer pocketed for his Bondi Seashore bachelor pad in 2018.