Barton home sets new suburb record with $2.275m sale

Barton has a new suburb record after a four-bedroom residence sold via private negotiations for $2.275 million, beating the previous benchmark by $125,000.

The property at 4 Macquarie Street went under the hammer in December but failed to reach a sale and passed in at $2.22 million.

Selling agent Shane Killalea of Hayman Partners said the property was then put on the market once again and sold in February. The property was exchanged in the last few days.

“I had a huge amount of inquiry for the property and a handful of bidders came on auction day but it didn’t reach the amount the house was worth,” Mr Killalea said.

“Since then, we’ve had multiple multiple offers from various parties and the house eventually sold to a family relocating back to the capital from Sydney.”

The house was originally built in 1928 and was one of the first houses built in the suburb.

“There are only about 60 homes in Barton so the opportunity to buy one doesn’t come along all that often and when they do, demand is quite high,” Mr Killalea said.

He said the major drawcard for the property was its location close to the Parliamentary Triangle: “The new owners, a young family, wanted something close to work in the Parliamentary Triangle. This was a great location because people could either walk or even use the e-scooters.”

According to government records, the property was last purchased in 1993 for $290,000.

Under the seller’s ownership, the residence was renovated and extended to include an additional bedroom, a double-plan garage and an open living and dining room.

Barton’s previous suburb record was set in 2017 by the property at 4 Belmore Gardens, which sold for $2.15 million.

The recent record-breaking sale comes after the capital recorded three suburb records in the last week including in Higgins, Theodore and Farrer.

“I think as long as interest rates remain as low as they are, these high sale results will remain,”Mr Killalea said.