A four-bedroom dwelling with a ship ramp, swimming pool and two kitchens has shattered an interior west suburb document by practically $1m.
Up to date property data reveal 49 Llewellyn Road bought for $5.611m — $861,000 increased than the earlier highest set in April 2019 by 91 Llewellyn Road.
It was purchased by a buyer who required no financing after electing to pay for the property in full with cash.
CoreLogic records also confirm it was on the market for only 15 days until in sold on October 22.
Mr Chidiac said a lack of stock especially along the waterfront meant buyers were willing to pay over pricing expectations to secure a property.
“Little supply is resulting in plenty of record sales at the moment across the inner west,” he said.
“Despite selling way over the guide, it was still way cheaper than what a similar waterfront property in suburbs closer to the city would sell for.”
With views of Brays Bay and the city skyline, the 1088sqm property had a renovated downstairs area with a kitchen and bathroom. There was also a huge lockup garage, multiple living areas and four bedrooms including one with an ensuite.
The inner west has seen a number of suburb records break in 2020 in what has been a strong year for the local market. In February, comedian Merrick Watts sold his converted warehouse in Lilyfield for $6.2m to renovator Cherie Barber, while Petersham saw its record reset after 84 Palace Street traded for $3.3m.
No. 49 Llewellyn Street is one of 160 residences that DIB CHIDIAC has sold this year — well above the 107 sold in 2019.