Huskisson home breaks suburb and region residential records with close to $5m sale 

A five-bedroom Huskisson property set a suburb and Shoalhaven region benchmark after fetching a sale of close to $5 million at auction on Sunday, Allhomes understands.

The result beat the previous suburb record by more than $1.8 million.

Poised above Currambene Creek with outlooks towards Myola Beach and Bowen Island in Jervis Bay, the residence at 4 Admiralty Crescent is a character-filled home.

While unable to confirm the exact sale price, selling agent Tim McGoldrick, of Elders Real Estate Berry, was confident the home would set the suburb record during a four-week auction campaign.

“The listing had more than 30,000 views and garnered close to 500 inquiries, which brought in six registered bidders on auction day,” he said.

A bid of $3 million kicked off the bidding and increased by $50,000 before shortening in $20,000 and $10,000 strides, due to four active parties.

“About 40 people turned out to watch the auction, it was a very charged bidding war and to see the house achieve such a result was pretty exciting,” Mr McGoldrick said.

The sellers decided to part with the home for a lifestyle change after living in the property for 19 years. Government records show the residence last sold in 2002 for $1.26 million.

“Under their ownership, sympathetic changes were done in the kitchen and patio,” Mr McGoldrick said.

“The new buyers were from Sydney and will use the property as their holiday home.”

Government records show Huskisson’s previous record was set in 2018 by 9 Beach Street, which sold for $3.075 million. 

Mr McGoldrick explains a residential property is classified as a house set on less than an acre of land or less than 4046 square metres. No 4 Admiralty Crescent is nestled on 1094 square metres.

Following Mr Goldrick’s metric, it means the property also set the highest sale record for the broader residential Shoalhaven region.

The previous Shoalhaven region record was set by 94 Cyrus Street, Hyams Beach, which sold for $4.8 million in January. The property is set on 879 square metres.

“We’re seeing strong sales across the board for lifestyle homes. COVID really created an opportunity for people to work from home and that has carried into this year,” he said.

“Buyer activity has been really strong in recent months and they’re also very competitive. [Buyers are] putting in pre-auction offers because they want to get something now, not later and I don’t think that’ll slow down anytime soon.”