Nicholls home sets suburb record with $2.025 million sale

A five-bedroom property in Nicholls has set a suburb record after it sold prior to auction for $2.025 million, surpassing the previous record by $15,000.

Selling agent Luke McAuliffe of Blackshaw Gungahlin said the residence at 10 Wendy Ey Place had been under the sellers’ ownership for the past 20 years.

“As the family grew in numbers, so did the home. It was extensively renovated and extended in 2010 to cater for the growing family and to take advantage of the more than 1100-square-metre block,” Mr McAuliffe said.

“It backs out onto Gold Creek Golf Course and has spectacular living spaces with great views.”

The property was scheduled to sell under the hammer on Saturday, August 29 but multiple pre-auction offers were received.

According to internal Allhomes data, the property had more than 14,000 listing views this month and was one of the top three most viewed properties on Allhomes between August 3 and 9.

“It attracted a hell of a lot of attention in the past few weeks and had close to 200 groups throughout the campaign,” Mr McAuliffe said.

“Due to the level of pre-auction offers made, the vendors eventually got an offer they couldn’t resist.”

When the property was first listed on the market, Mr McAuliffe was confident that it would break the suburb record.

“I definitely knew it had the potential to do so,” he said.

“When people are looking for a home, they compare the size of the house to other houses but what this home offered was more than its size and location – it was the feeling you got when you walked through it.

“We heard a number of times from people that they loved the feel of the house, it just made everyone feel like home.”

Mr McAuliffe said the sellers had been thinking about putting the property on the market for quite some time but had waited for the right moment to list their home.

“I’d been talking with the vendors for about 12 months, maybe even longer, on when it would be best to sell,” he said.

The initial plan had been to sell earlier, before the pandemic struck, but as time wore on and restrictions were implemented, the vendors decided to hold tight, Mr McAuliffe said.

“But the past few months have been quite strong so we wanted to capitalise on the market,” he added.

“With less stock available, it attracted a lot of buyers. Canberra has continued to show strength amid the pandemic and, as Domain data shows, our house prices and clearance rates have continued to buck other capital cities.”

The latest record follows a string of suburb record sales that have tumbled in recent weeks including Hawker, Moncrieff and McKellar, and, most recently, Pearce.

“A lot of people are competing for property right now and that shows how strong the Canberra market is and the value that people place on buying a home,” Mr McAuliffe said.

According to government records, Nicholl’s previous record was set in 2016 by 55 Sue Geh Circuit for $2.01 million, which Blackshaw Gungahlin also sold.