Home with that extra something sells in strong market

first_imgThe home at 24a Cutts St, Margate sold for $685,000.A long list of extras attracted buyers to a new two-storey property that sold recently in Margate. The four-bedroom home at 24a Cutts St sold for $685,000. Abode Properties marketing agent Brendan Philp said he had potential buyers coming through the home every two to three days until it sold. “People liked the way it was finished,” he said. “It had a lot of extra features like the butler’s pantry, waterfall stone benchtops, a nice outdoor area and multiple living spaces including a media room.” The Margate home had a covered outdoor entertaining area.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The home also had a custom timber island bench, luxury ensuite and a low-maintenance yard. Mr Philp said the successful buyers were a young family looking to move to the Peninsula.The Woody Point based agent said he was seeing an even mix of investors and owner-occupiers looking to buy into the Margate area. “It’s a good time to sell,” he said. “Buyer activity is strong and there is a lack listings coming on to the market. “There’s not a lot of choice so buyers are paying a premium.” The modern design proved popular with buyers.Mr Philp said Margate was in a prime coastal position 30 minutes from the city, which was attracting interstate investors.“They are seeing the area as very good value for money compared to what they can get in Sydney,” he said. Mr Philp said investors tended to be looking for properties up to $500,000 while owner-occupiers searched across all price points.last_img