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Today's quote:

Tuesday, October 13, 2009

Want to be neighbours?

Aerial view in south-easterly direction towards the Pacific Ocean; "Riverbend" is located on the inside of the bend in the river which is partly obscured by the inscription "Sproxtons Lane"

Sproxton Lane is a peaceful cul-de-sac where nothing much ever happens. Of the few properties in the lane, very few ever go on sale. This one has just been listed! So if you agree that since you have to live somewhere, it may as well be paradise, why not inquire?

Any price idea? Well, here's what one agent says:

"Comparable sales in this location are as follows:
The property next door (Number 19) sold in May 2006 for $925,000.
A property two blocks down in the other direction (Number 25) sold in March 2006 for $750,000. It is now being built on, with ongoing construction costs already exceeding $1 million.
A property next to that (Number 27) sold in March 2007 for $705,000.
We believe the property now for sale will sell at anything between $850,000 and $925,000."

Says he!

With these waterfront beachshacks on 1,700 square metres of dirt having sold for as much as $950,000, what offers for a substantial double-storey brick-house on 30,000 square metres of land (more than all the other waterfront properties in Sproxton Lane combined) with a huge 400 metre waterfront? Register your interest [here]