Grand Estate purchased pre-auction in North Sydney

28 Sep

Written By Billy Gleeson – Founding Buyer’s Agent

Opulent Victorian living room with a classic fireplace and ornate chandelier, reflecting timeless elegance

▉ REGION: LOWER NORTH SHORE
▉ CLIENT: DOWNSIZERS
▉ BUDGET: $7M

Webb & Co. purchased a Grand Victorian Estate within walking distance to Milsons Point station.

Background

Webb & Co. successfully facilitated the purchase of a Grand Victorian Estate in North Sydney for a family looking to downsize. The clients, with a budget of $7 million, had been searching for a unique property in the Lower North Shore since 2019. They engaged Webb & Co. to gain early access to off-market homes and leverage the team's professional research capabilities.

Challenges

The acquisition process was marked by several key challenges:

Extended Search Period: The clients had been searching for a property since 2019, indicating the difficulty in finding a home that met their unique preferences in the competitive Lower North Shore market.
Specific Property Requirements: The family was looking for a distinctive Victorian estate within walking distance to Milsons Point station, requiring a targeted search to meet these specific criteria.
Market Competition: Securing a property in the sought-after Lower North Shore area, especially a unique estate like a Victorian house, often involves competing with other potential buyers, adding complexity to the acquisition process.

Strategy

Led by Principal Buyer’s Agent Annabelle Webb and Founding Buyer’s Agent Billy Gleeson, Webb & Co. implemented a strategic approach. They utilized their extensive network and expertise to provide the clients with earlier and wider access to off-market properties, focusing specifically on the Lower North Shore area. This strategy was crucial in identifying and securing a property that aligned with the client's unique requirements.

Outcome

The team's efforts led to the successful purchase of a Grand Victorian Estate in North Sydney. Webb & Co. negotiated the property price to $200k under the appraisal market value, securing the estate ahead of strong competition. This acquisition not only fulfilled the family's downsizing needs but also allowed them to stay within their budget, demonstrating Webb & Co.'s effectiveness in navigating a competitive market.

Lower North Shore

Billy Gleeson – Founding Buyer’s Agent

Billy Gleeson has been a resident of the Lower North Shore for more than 20 years, living and breathing real estate in the area since his early childhood.

Having lived in both the United States and London, Billy has extensive experience consulting for some of the world’s largest brands, in the marketing, media and not-for-profit industries, and now brings his passion for success to Annabelle Webb’s team.