Next generation of buyers looking for acreage living in The Hills

Next generation of buyers looking for acreage living in The Hills

Glenhaven’s semi-rural fringe is in demand with a 2.06ha lifestyle estate selling for $4.726m at auction through Lumby Hampson.

The luxury six-bedroom residence at 164 Glenhaven Rd had been in the one family for 31 years.

The sale is the third-highest price paid in the suburb this year and follows the sale of 9 Glenhaven Rd which achieved the top result of $5.415m – also sold by Lumby Hampson – back in July.

“This was a fantastic auction early on in what we expect will be a busy spring market as lockdown ends,” said agent Will Hampson.

“Buyers are looking for lifestyle and development potential and this was an exceptional opportunity to purchase a premium location within five minutes to everything.

“It was beautifully renovated throughout with new kitchen and bathrooms – the owners had even changed every light fitting and powerpoint. It also included in-law accommodation and a massive shed with a mezzanine level – both of which are huge drawcards for buyers. ”

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It is one of a number of tightly held estates in The Hills District being sold after decades of ownership.

At Dural, an early offer of $6.3m was too tempting for vendors looking to sell their acreage after 54 years. The 4.18ha estate known as ‘Camas’, at 465 Galston Rd, was sold the evening before it was scheduled to go under the hammer through Lumby Hampson.

Another estate at 966 Old Northern Rd, Glenorie, was farewelled by its owners after 34 years. The property, located just a block away from the local shopping village, sold for $3.75m. Also at Glenorie, a beautiful homestead at 4 Melton Rd fetched $3.725m at auction with its owners selling after 32 years.

“We are seeing a changing of the guard at the moment with many acreages selling after a long tenure,” Mr Hampson said.

“The market is very strong – so vendors wanting to downsize are realising that now it is a good time to make that transition.”

This October marks the five year anniversary since Lumby Hampson rebranded. A family owned and operated business, it started in the Hills District 55 years ago – previously under the name Lumby Real Estate. The agency is still located at its original office at 38 Windsor Rd, Kellyville.

For further information Will Hampson on 0414 620 333 and Kate Lumby on 0414 620

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