Sydney house prices: Medium density-loving Crows Nest downsizer sells $2.9m townhouse

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Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.

The three-bedroom townhouse at 3/29 Wheatleigh Street, Crows Nest, on Sydney’s lower north shore was the third of three in the four-home development to be sold.End to end, our campaign was 10 weeks. Where there was one family in a home, now there are four on the same block. Jane’s family owned the block with a modest Californian bungalow on it for 60 or so years. Ted built four luxury townhouses. They retained one for the family and sold the other three.

Class 2 is for apartment buildings. Because it was townhouses with a common basement, we were subject to class 2 certification. These were the same rules that a 40-storey apartment building would have. That needs to change if others are to do the same thing.He went to great lengths to use a good quality architect, Corben Architects, and high-quality builders. He tailored the product to a market that not just had demand for the product, but had the capacity to pay. The $3 million to $3.

 

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