Sell with Confidence
Read More
News

West End cottage sells before second open home

By Luke O'Kelly

A DECEASED estate in tightly held West End has sold for above seller expectations, well before the scheduled auction.

The three-bedroom cottage at 18 Beattie St sold for $850,000 on March 15. It was on the market for the first time in 38 years and was due to be auctioned on March 30.

Selling agent Luke O’Kelly, of Ray White West End, said more than 20 groups inspected the property and he received three offers after the first open home.

Mr O’Kelly said the strong interest was due to location.

“The house itself is a very simple, almost 100 year old cottage but Beattie St is quite a great little street and it is walking distance to West End Primary School, as well as being in the Brisbane High catchment,” he said.

“Finding a house below $1 million in West End is also quite tough.”

Mr O’Kelly said the new owner nabbed the property with an unconditional offer, above what the seller was looking for, with the cooling off period waived.

“The Mt Isa buyer was looking to purchase now and then move in when he and his family return to Brisbane in the future,” he said.

Mr O’Kelly said the West End housing market was tightly held and in huge demand.

“Only 46 houses sold in West End in 2018, 50 in 2017, 48 in 2016,” he said.

“The long tenure of residents is due to Brisbane State School demand.

“Also a lot of the property is held by older Greeks, Italians and Vietnamese, who bought 30 to 50 years ago and by their nature do not move like the current generation of buyers, who move every seven years or so.”

Article by Courtney Todd. Featured on realestate.com.au/news & http://couriermail.com.au/ on the 21st March 2019

Up to Date

Latest News

  • Why are we seeing strong sales results now?

    Real estate markets are driven by a number of factors however the two basic fundamentals of supply (the number of total properties for sale) and demand (the number of buyers active in the marketplace) play a significant role in establishing market conditions that favour sellers or buyers. In general terms, … Read more

    Read Full Post

  • If I am considering selling, why go to market now?

    Currently property buyers are heading back into our housing markets in droves, all keen to get a foothold as property values are surging in many regions. You can sense that there’s a level of FOMO (fear of missing out) starting to kick in among buyers. But they are finding limited … Read more

    Read Full Post