If you find the text too small to read on this website, press the CTRL button and,
without taking your finger off, press the + button, which will enlarge the text.
Keep doing it until you have a comfortable reading size.
(Use the - button to reduce the size)

Today's quote:

Thursday, March 5, 2020

Why is "Riverbend" so cheap?

 

I've been repeatedly asked this question by people who've looked at properties like 145 Beach Road, Sunshine Bay, for sale at 2.3 to 2.5 million. "Why should Riverbend's stately home on a full seven acres on a peaceful bend in the Clyde River cost less than a mere 745 square metres on very busy (and noisy) Beach Road, albeit with a very modern home and overlooking the ocean?"

 

 

Here is 145 Beach Road's 745 square metres from the air:

And here is just one-third of Riverbend's seven acres from the air:


A = Main House, B = Guest Cottage, C = Workshop/Laundry/Outdoor Bathroom/Carport,
D = "Pizza Hut", E = "Horseshed", F = "Clubhouse", G = Library

 

The house at 145 Beach Road, Sunshine Bay, was built eight years ago after the current owners had bought the existing property in June 2010 for $760,000, tore it down and spent a small fortune on 'this architect designed, custom built home' which explains its pricetag of $2.3 million. It doesn't explain Riverbend's far more modest - and negotiable - price of $2.25 million for a whole seven acres of riverfront.

 

 

I take your question on notice and get back to you!


Googlemap Riverbend