Dated Gold Coast homes fetching big bucks because of their location

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:19Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:19 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe 6 best coastal homes that have sold01:19 “The real attraction was the position and the uninterrupted skyline views,” he said.“A local buyer looking to build a family home down the track bought it.“They’ll hold onto it and then look at rebuilding. It was an outstanding price for the river considering it was a knockdown.”Mr Harrison said it sold within 35 days of hitting the market in a cash unconditional offer. “We had multiple offers on the property as well throughout the campaign,” he said. Property in central suburbs had always been popular, but Mr Harrison said these days people were more than happy to settle for a tired and old residence to get a foot into an area. “I think people are looking at things with a long-term view,” he said. MORE NEWS: Cartoon king selling retro residence This Burleigh Heads house fetched more than $5 million at auction.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“At the end of the day, people can buy an old home and keep tenants in there.“They’re securing the land now in preparation for future growth.”A dated Burleigh Heads house with ocean views was snapped up at auction for $5.375 million — almost $2 million above reserve — by a couple who planned to knock it down and rebuild.Kollosche director Michael Kollosche, who handled the sale, said most of those interested in the property had plans to demolish the house and build a new one.Another couple splashed $4.8 million on one of the last remaining beach shacks on Millionaires’ Row to bulldoze it and rebuild. This Mermaid Beach house is one of the last remaining shacks on Hedges Ave. MORE NEWS: Penthouse revamped by The Block twins up for grabs The Broadbeach Waters house at 25 Conifer Cres sold for $1.79 million.BUYERS are investing in premium Gold Coast land with several dated properties fetching eye-watering prices in recent weeks because of their location and position.A Broadbeach Waters residence was one of them, changing hands for $1.79 million.Kollosche agent Jamie Harrison, who marketed the house with Ryan Ward, said multiple prospective buyers were eyeing off the Conifer Cres home.last_img

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