THREE prestige and historic Bathurst properties have each sold for over $1 million and all in the span of one week.
What makes this achievement even more spectacular is that each of these properties spent a significant time on the market.
The properties, Strathmore on Russell Street, Milleewa on Bentinck Street and La Maison Rue George on George Street, were listed with Ray White Emms Mooney.
Sales specialist Mark Sullivan helped to market all of them and said to have three million-dollar properties sell in the same week was unheard of in Bathurst.
It was hard for him to pin-point the exact reason that made them so attractive, but he said why a house sells often comes down to timing.
“For Milleewa, I think it was the right time for the purchaser and the vendor, and the other two were more to do with the end of the financial year,” he said.
Milleewa is an outstanding property sitting at the very top of Bentinck Street.
Mr Sullivan and fellow agent Pat Bird said it was an off-market listing, so very few people would have known it was for sale.
The property saw eight private inspections over the almost 12 months it was listed and eventually went to a local family, despite all the interest from outside of the region.
“We had people from Canberra at one point, Sydney and other local families come to view,” Mr Bird said.
The agents said the exclusive views of Bathurst, extensive renovations, privacy and the size of the block – 2858 square metres – were what eventually led to the sale of Milleewa.
Mr Sullivan said the other significant thing about Milleewa is that it is one of the top five rated properties in the Central Tablelands.
It got this rating from Domain and realestate.com.au data, which gives ratings based on exclusivity and land value.
Strathmore is also in the top five.
“For two of the top five to go in the same week is very unusual,” Mr Sullivan said.
Strathmore spent more time on the market than the other two million-dollar properties.
It was last purchased in 2008 and has been listed with Ray White Emms Mooney for 15 months, although other agencies had attempted to sell it prior to this.
Mr Sullivan said his agency employed a national marketing strategy that helped it to sell.
“We targeted a much wider customer base than just targeting Bathurst.” he said.
Strathmore sold to a Blue Mountains buyer, who plans to use the historic home as a residence.
They were one of the first people to inspect the home with Ray White.
“We had slow interest for about eight weeks on Strathmore, then we had three people come in on the one weekend,” Mr Sullivan said.
The third property to sell, La Maison, also had a national marketing strategy, which promoted its central location and renovations.
“The beautiful and loving restoration by the vendor and the attention to detail in this property is second to none to any other properties I’ve sold in Bathurst,” Mr Sullivan said.
The property, comprised of two townhouses and two apartments, was purchased by a Sydney buyer with connections to the region.
The vendor, Catherine Cox, said she was happy to hear that the property would be maintained as an accommodation business.
Strathmore – Sold June 30, 2017
Circa 1882, this historic Russell Street property features three prestigious apartments. The current owners have run Strathmore as a bed and breakfast and, since purchasing it in 2008, have carried out extensive renovations. It includes a total of nine bedrooms, seven bathrooms, five living spaces and three kitchens.
“This is also a very unique property in that you can’t really see it from the front, but it has three residences,” Mark Sullivan said.
Milleewa – Sold July 3, 2017
When it comes to Milleewa, you can’t turn away from its spectacular views across Bathurst. The home itself is entirely private and boasts six living areas, 12-foot ceilings, instantaneous gas fireplaces in original marble surrounds and wrap-around verandas. All of this is situated on a 2858 square metre block at the top of Bentinck Street.
“The property is rated one of the top homes in the Central Tablelands,” Mark Sullivan said.
La Maison Rue George – Sold July 7, 2017
It’s all about location and style at La Maison Rue George. This property, featuring two townhouses and two apartments, is within the CBD boundaries on George Street. It has been run as an accommodation business with short and long term leases. The presentation of La Maison attracted buyers from right across the country.
“It is very easy to find a heritage property that hasn’t been maintained or that the work doesn’t suit the property, but that isn’t the case here,” Mark Sullivan said.