We've had several sales in Sproxton Lane just a touch below the $1million-mark in the past; this week we've broken through the $1million-mark with the sale of # 5 Sproxton Lane at $1.2million.
Congratulations, Jack and Pam! From $240,000 in 1998 to $1,200,000 in 2012: that's exactly five-fold your money back in fourteen years!
Jack & Pam's 3-bedroom/1 bathroom house sits on a 1771 square-metre block of land. Two more properties of similar size are still for sale in the Lane at $1.39million and $1.95million respectively.
And then there is the best of them all, "Riverbend", a large 2-storey brick residence sitting on 29,200 square metres of absolute waterfront land. That's 18 times the average block size in Sproxton Lane! And yet it's on sale for just $2million!
Form an orderly queue, please!
P.S. ... and it sold again in 2023 for $1,688,000!
